Top1031

Willowpark Apartments

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

Files with the SEC as 6701 Lawton, DST

Minimum investment
$100k
Offering size
$9.3M
How much has sold
26.0%
Asset type
Multifamily property
Location
Lawton, OK
Financing
Not stated. The filings for this offering do not say whether it carries mortgage debt.

Sponsor-reported, from SEC filings and cited sources.

Chapter 1

What is this, in one paragraph?

6701 Lawton, DST is a Delaware Statutory Trust — a passive co-ownership vehicle whose interests qualify for 1031 exchanges — holding Willowpark Apartments, a 160-unit apartment property in Lawton, Oklahoma. NAS Investment Solutions bought the property in February 2023 and offered $9.3 million of trust interests to accredited investors, with a $100,000 minimum, under a single SEC Form D.2

Show sources (11)Hide sources (11)

These links support the historical public record; individual details may come from different sources.

On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.

Chapter 2

What exactly is the property?

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
Chapter 3

Who is the tenant, and what's the lease?

There is no single corporate tenant here. Income comes from residents on short-term apartment leases, so rents and occupancy reset continually instead of being fixed by one long lease. National Asset Services took on both property management and asset management for Willowpark when the property was acquired.4

Chapter 4

How did it end?

What happened

No ending on record

No public full-cycle sale or disposition announcement was found for the 6701 Lawton, DST (CIK 1964505); the property (Willowpark Apartments, Lawton, OK) appears still to be operating under NAS management, with no AltsWire or press release confirming a trust-level exit.

160-unit multifamily property in Lawton, OK, acquired by NAS Investment Solutions (NASIS) on Feb 9, 2023 and offered as the 6701 Lawton, DST to accredited investors under SEC Form D filed Feb 23, 2023. Property located at 6701 NW Maple (also shown as 6701 NW Maple St / 6701 NW Maple Ave) and managed by NAS Asset Management.

160 units
Supporting evidence
Chapter 5

How is it financed, and what does it pay?

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 PPM — the private placement memorandum delivered to prospective accredited investors.

Chapter 7

What does the paperwork say?

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. The filing reports no sales commissions and no finders' fees.5

  1. Form D filedFirst and latest filing on record.
Filings on record
1
How it may be offered
Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
Source filing
Read the filings on SEC EDGAR

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.

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 Private Placement Memorandum before investing.

Chapter 8

Common questions

What happened to Willowpark Apartments?

Top1031 lists Willowpark Apartments as historical. It is no longer raising money.

Where does Top1031 get the data for Willowpark Apartments?

Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.

Is this Trust still accepting investors?

The public record is mixed. NAS Investment Solutions' own property page for Willowpark Apartments marks the opportunity SOLD OUT, while the SEC file contains a single Form D from February 2023 and no amendment reporting a closed offering.[3] Current availability can only be confirmed by the sponsor or a selling broker-dealer.

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.[5] Interests of this type are commonly used as replacement property in a 1031 exchange; the PPM governs 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.[4] 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.[6] 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.[1] 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.

What is a Rule 506(c) offering?

It is the private-placement exemption that lets an issuer advertise publicly, so long as every purchaser is an accredited investor whose status the issuer takes reasonable steps to verify — typically through tax documents, brokerage statements, or a letter from a CPA or attorney. That verification is stricter than the self-certification common under Rule 506(b).

Chapter 9

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