How it ended
No outcome recorded · under 7 yearsLast Form D filed Sep 20, 2023.
Key facts
A free account shows how much of each active offering has sold and the Sponsor Grade letters.- Minimum investment
- $50,000From the Form D
- Offering size
- $9,500,000Equity offered, per the Form D
- Sold
- 4.2%Form D, Sep 20, 2023; the % is our arithmetic
- Investors reported
- Form D, Sep 20, 20231
- Selling commissions
- Form D Item 15; the % is our arithmetic$318,549 · 3.3% of offering
- 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: KG CS DST. Top1031 is not a broker-dealer.What did KG CS DST own?
No property has been identified for this Trust. The SEC record lists the issuer at 4400 West 78th St., Suite 120, Bloomington, Minnesota. 1 The White Law Group wrote on February 12, 2025 that KG CS DST was reportedly raising capital for a single Bloomington, Minnesota property, using qualifying language and naming no asset — so that is a lead, not a confirmed match. 2 Nothing reviewed establishes an address, asset type, or acquisition.
How was it financed, and what did it cost to sell?
The public record does not say whether the underlying real estate carries a mortgage or is held free of debt. The Form D describes the securities offered as equity interests only, which speaks to what an investor buys rather than to any loan on the property. 3
Costs and terms from the Form D
- Selling commissions
- $318,549 · 3.3% of offering
- Finders’ fees
- $53,091
- Paid to officers, directors and promoters
- $0 · 0.0% of offeringForm D Item 16
- Broker-dealers named in the Form D
- 1 named in the Form D
Show the firms
- Emerson Equity LLC · CRD 130032
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Aug 16, 2023
- Minimum investment
- $50,000
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.
Who's behind KG CS DST?
No sponsor organization, program history, or 1031 platform track record connects to this Trust in the reviewed public record, and no press coverage names one. Top1031's record of the September 2023 Form D lists Duane H. Lund as the chief executive associated with the issuer's manager, a role tied to the filing itself rather than to any disclosed sponsor firm. 4 An investor here is reading one notice filing with no sponsor history behind it.
- Sponsor
- Offerings on record
What does the SEC record show?
One Form D — the short notice an issuer files with the SEC when it sells securities without registering them — and nothing after it. The Trust filed once and never amended, so every figure in the record is a single snapshot from that filing date rather than a running total.
- Legal Trust name
- KG CS DST
- SEC CIK
- 1993163
- First Form D
- Sep 20, 2023
- Latest Form D
- Sep 20, 2023
- Filings on record
- 1
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D | $9,500,000 | $400,000 | 1 | 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 KG CS DST?
- KG CS DST is a Historical offering. Last Form D filed Sep 20, 2023.
- What property does KG CS DST own?
- Not established. The Form D names no property, address, asset type, or tenant, and no subsequent filing adds any. White Securities Law describes KG CS DST as purportedly a real estate company and points to a Bloomington, Minnesota address appearing in filings, but it does not identify the underlying asset. Anyone evaluating the Trust would need the offering documents to learn what the property is.
- Who is the sponsor?
- The public record does not name a sponsor firm for this Trust. Most DSTs are organized by an identifiable sponsor with a program history you can review across multiple offerings; here there is one Form D notice from September 20, 2023, no marketing materials located, and no sponsor platform attached to it in the reviewed record.
- What does it mean that this is offered under Rule 506(b)?
- Rule 506(b) is the private-placement exemption that lets an issuer sell securities without registering them, provided it does not advertise publicly and sells essentially only to accredited investors — people meeting SEC income or net-worth thresholds. Because there is no general solicitation, a 506(b) offering is normally reached through a broker-dealer or adviser relationship, and the offering documents, not the Form D, carry the terms.
- Has any outcome — a sale or full-cycle event — been reported?
- No outcome has been reported. No disposition, sale price, refinancing, or full-cycle announcement for KG CS DST was located in the reviewed public record, and there is no SEC filing after the original 2023 Form D that would document one.
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.