Top1031

Willowpark Apartments

Multifamily property in Lawton, OK · sponsored by NAS Investment Solutions

HistoricalLast Form D filed Feb 23, 2023 (opens in a new tab)

Willowpark Apartments was a DST sponsored by NAS Investment Solutions that owned a multifamily property in Lawton, OK (160 units). Its last Form D was filed Feb 23, 2023.

How it ended

No outcome recorded · under 7 years

Last Form D filed Feb 23, 2023.

NAS Investment Solutions has 2 active offerings on record →

Key facts

Minimum investment
$100,000
From the Form D
Offering size
$9,300,000
Equity offered, per the Form D
Sold
25.5%
Form D, Feb 23, 2023; the % is our arithmetic
Investors reported
13
Form D, Feb 23, 2023
Selling commissions
$0 · 0.0% of offering
Form D Item 15; the % is our arithmetic
Financing
Leveraged. This offering reports mortgage debt on the property.
How it is financed ↓
Offered under
Rule 506(c)
May be advertised publicly. Every buyer’s accredited status must be verified.

Figures come from SEC Form D filings unless a source is cited. Sponsor-stated figures are as reported by the sponsor; Top1031 does not independently audit them. On a 45-day clock? Find day 45 and day 180 →

Using this record to judge the sponsor? A licensed 1031 specialist from our affiliated partner can talk it through with you.

Ask a 1031 specialist about this recordFree. About: Willowpark Apartments. Top1031 is not a broker-dealer.

What did Willowpark Apartments own?

Willowpark Apartments stands at 6701 NW Maple Drive in Lawton, Oklahoma: ten two-story buildings on 6.43 acres, with apartments averaging 603 square feet. 1 NAS Investment Solutions purchased the property in February 2023; neither the seller nor the price was disclosed. 2 The sponsor states the asset was 96.4% occupied at below-market rents, which is the sponsor's own figure rather than an independently verified one. 3

Reported location
Lawton, OK
Property size
160 units

How was it financed, and what did it cost to sell?

The Form D reports no debt terms, and the sponsor's brochure describes fixed-rate financing without naming a lender or stating principal, loan-to-value, or maturity. 1 Those terms, if any, sit in the offering documents.

Debt

Financing
Leveraged. This offering reports mortgage debt on the property.

Costs and terms from the Form D

Selling commissions
$0 · 0.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$765,000 · 8.2% of offering
Form D Item 16
Broker-dealers named in the Form D
None named in the Form D
Date of first sale
Feb 8, 2023
Minimum investment
$100,000

Form D Item 15 and Item 16 amounts may be the issuer’s estimates; each percentage is Top1031’s arithmetic on two Form D figures. Item 16 can overlap Item 15, so Top1031 does not add them together. The issuer marked these amounts as an estimate.

What does the SEC record show?

The trust's one Form D reports a first sale on February 8, 2023, roughly two weeks before the filing date, and no amendment has followed. 5 It is offered under an exemption that permits public advertising but limits buyers to verified accredited investors.

Legal Trust name
6701 Lawton, DST
SEC CIK
1964505
First Form D
Feb 23, 2023
Latest Form D
Feb 23, 2023
Filings on record
1
Offered under
Rule 506(c)
May be advertised publicly. Every buyer’s accredited status must be verified.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount soldInvestors
Form D$9,300,000
$2,380,648
13
EDGAR

Amounts, investor counts and minimums are as filed with the SEC on Form D. The change lines are Top1031’s arithmetic between consecutive filings; a new Form D notice starts a new count.

A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.

Common questions

What happened to Willowpark Apartments?
Willowpark Apartments is a Historical offering. Last Form D filed Feb 23, 2023.
What am I buying if I invest in 6701 Lawton, DST?
A beneficial interest in a Delaware Statutory Trust — fractional, passive ownership of the trust that holds Willowpark Apartments. The SEC Form D identifies the security as a beneficial interest in a Delaware Statutory Trust, with a $100,000 minimum investment. Interests of this type are commonly used as replacement property in a 1031 exchange; the offering documents govern the actual terms.
Who runs the property?
National Asset Services, an affiliate of the sponsor, assumed both asset management and property management responsibilities for Willowpark Apartments in Lawton after the February 2023 acquisition. Investors in a DST are passive and do not vote on day-to-day operations.
Has the sponsor reported any operating results?
Yes. On August 25, 2023, National Asset Services reported that within five months of the February 2023 acquisition, average rent at Willowpark had increased from $685 at acquisition to $740, before planned interior remodels began. That is a sponsor-published figure covering a short early period, not an audited or ongoing performance report.
Is there debt on the property, and can the Trust convert into a REIT?
The sponsor's brochure describes fixed-rate financing but names no lender and states no principal balance, loan-to-value, or maturity; the Form D reports none of it either. The trust data shows no 721/UPREIT feature — the exit path in which DST investors contribute their property interest to a REIT's operating partnership for OP units.

In the news

Sources

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These links support the record as a whole; individual details may come from different sources.

DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current offering documents before investing.