Top1031

APEX South Creek

Multifamily property in Orlando, FL · sponsored by Nelson Brothers

HistoricalLast Form D filed Nov 22, 2022 (opens in a new tab)

APEX South Creek was a DST sponsored by Nelson Brothers that owned a multifamily property in Orlando, FL (300 units). Its last Form D was filed Nov 22, 2022.

How it ended

No outcome recorded · under 7 years

Last Form D filed Nov 22, 2022.

Key facts

A free account shows how much of each active offering has sold and the Sponsor Grade letters.
Minimum investment
Not in the Form D
From the Form D
Offering size
$73,580,386
Equity offered, per the Form D
Sold
Not reported after the first Form D (Nov 22, 2022)
Form D, Nov 22, 2022
Selling commissions
$6,622,235 · 9.0% 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(b)
General advertising and solicitation are not permitted under this exemption.

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: APEX South Creek. Top1031 is not a broker-dealer.

What did APEX South Creek own?

DHI Communities developed the community near Lake Nona and delivered it in 2022: ten three-story buildings on roughly 24.85 acres, holding about 304,000 square feet of net rentable residential space at 3060 Southcreek Boulevard, Orlando, Florida 32824. 1 An asset management agreement filed with the SEC in November 2022 names the Trust as the owner of the property. 2

Reported location
Orlando, FL
Property size
300 units

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

The Form D discloses nothing about debt, so the Trust's leverage is not established in the public record. GrowthSpotter reported that the buyer placed a $45.9 million mortgage from Walker & Dunlop on the acquisition; maturity and extension terms were not retrieved. 6

Debt

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

Costs and terms from the Form D

Selling commissions
$6,622,235 · 9.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$5,000,000 · 6.7% of offering
Form D Item 16
Broker-dealers named in the Form D
None named in the Form D
Date of first sale
Not in the Form D
Minimum investment
Not in the Form D

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?

A Form D is the brief notice an issuer files with the SEC after a private placement's first sale; no amendment has followed this one, so the federal record has not been updated since 2022. 5 Rule 506(b) offerings cannot be generally advertised and are sold through existing relationships to accredited investors — those meeting SEC income or net-worth tests.

Legal Trust name
APEX SOUTH CREEK, DST
SEC CIK
1955729
First Form D
Nov 22, 2022
Latest Form D
Nov 22, 2022
Filings on record
1
Offered under
Rule 506(b)
General advertising and solicitation are not permitted under this exemption.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount sold
Form D$73,580,386
$0
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 APEX South Creek?
APEX South Creek is a Historical offering. Last Form D filed Nov 22, 2022.
What does APEX South Creek, DST own?
A single asset: Apex at South Creek, a 300-unit Class A garden-style apartment community at 3060 Southcreek Boulevard in southeast Orlando, Florida. Sponsor materials describe ten three-story buildings on roughly 24.85 acres with about 304,000 square feet of net rentable residential space, built in 2022. An asset management agreement filed with the SEC in November 2022 identifies the Trust as owner.
Who operates the property?
Apex South Creek Leaseco, LLC is the master tenant under a master lease with the Trust, and Book and Ladder, LLC is the property manager responsible for day-to-day operation, per the asset management agreement filed with the SEC. This is the standard DST structure: the trust holds title passively while an affiliated master tenant and manager handle leasing, staffing and operations.
What was the "yield enhancement feature" Crew announced?
On June 27, 2023, Crew Enterprises published a notice announcing an increase in the offering's stated yield enhancement — a sponsor-supported supplement to investor distributions for a defined period, in this case 24 months. Top1031 does not restate targeted or forward-looking rates. The actual terms, funding source and conditions would be described in the Trust's offering documents.
Is there litigation involving this Trust?
Plaintiff-side law firms have published investor-loss pages referencing APEX South Creek, DST and related Versity Investments litigation, including one dated November 1, 2025. Top1031 did not locate a primary court record — docket, complaint or judgment — naming APEX SOUTH CREEK, DST itself, so no allegation is stated here as fact. Investors should ask the sponsor and their own counsel directly.
How much debt is on the property?
The Form D does not disclose leverage. GrowthSpotter reported on December 23, 2022 that the buyer took a $45.9 million mortgage from Walker & Dunlop in connection with the acquisition of the property, which traded for $100 million on November 18, 2022. Loan maturity, extension options and the current balance are not established in any retrieved public record.

In the news

Sources

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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.