Vue Apartments
Multifamily property in Des Moines, IA · sponsored by Pacific Oak Capital Advisors
Vue Apartments was a DST sponsored by Pacific Oak Capital Advisors that owned a multifamily property in Des Moines, IA (111 units). Its last Form D was filed Mar 6, 2023.
How it ended
Last Form D filed Mar 6, 2023.
Key facts
- Minimum investment
- $25,000From the Form D
- Offering size
- $15,334,000Equity offered, per the Form D
- Sold
- Not reported after the first Form D (Mar 6, 2023)Form D, Mar 6, 2023
- Selling commissions
- Form D Item 15; the % is our arithmetic$1,226,720 · 8.0% of offering
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.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 →
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Ask a 1031 specialist about this recordFree. About: Vue Apartments. Top1031 is not a broker-dealer.What did Vue Apartments own?
The Vue stands at 922 8th Street in downtown Des Moines, Iowa. 2 Apartments.com lists the building as completed in 2018 and marketed with 12-month lease options. 3
- Reported location
- Des Moines, IA
- Property size
- 111 units; 122,854 sf; 3 buildings
How was it financed, and what did it cost to sell?
The Form D discloses no financing details, and no public record was located naming a lender, a loan amount, or even whether mortgage debt was used — so the public file does not show whether this is a leveraged or all-cash structure.
Debt
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
Costs and terms from the Form D
- Selling commissions
- $1,226,720 · 8.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $3,157,023 · 20.5% of offeringForm D Item 16· The filing’s note: “Pacific Oak The Vue Depositor, LLC will be responsible for paying certain fees and costs of approximately $2,287,361.”
- Broker-dealers named in the Form D
- 1 named in the Form D
Show the firms
- Pacific Oak Capital Markets, LLC · CRD 309350
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Not in the Form D
- Minimum investment
- $25,000
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.
Who's behind Vue Apartments?
Pacific Oak Capital Advisors runs its programs from 11766 Wilshire Blvd. in Los Angeles. 4 The Form D for this trust names Keith D. Hall, Peter McMillan III, and Benedict Aitkenhead as executive officers, with Pacific Oak The Vue Manager, LLC and Pacific Oak The Vue Depositor, LLC as promoters. 4
- Sponsor
- Offerings on record
What does the SEC record show?
- Legal Trust name
- Pacific Oak The Vue DST
- SEC CIK
- 1968264
- First Form D
- Mar 6, 2023
- Latest Form D
- Mar 6, 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 | Filing on SEC EDGAR |
|---|---|---|---|---|
| Form D | $15,334,000 | $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 Vue Apartments?
- Vue Apartments is a Historical offering. Last Form D filed Mar 6, 2023.
- What exactly does the trust own?
- The sponsor identifies Vue Apartments in Des Moines, Iowa 50309 as a Pacific Oak DST property — a three-building multifamily community. The operating property marketed as Vue sits at 922 8th Street in downtown Des Moines. No located public record confirms the trust's legal title holder, the purchase price, or the seller.
- Who is the tenant?
- There isn't one. This is an apartment community, so cash flow comes from many residents on short-term leases — Apartments.com shows 12-month terms among the options — rather than from a single corporate tenant on a long lease. Apartments.com names Indigo Living as the property manager, and no located source states an occupancy rate.
- Is the trust leveraged?
- The public record does not say. A prospective investor would have to read the offering documents to see the capital structure.
- Could this become a REIT interest through a 721/UPREIT exit?
- Nothing in the record indicates it. A 721/UPREIT exit is when a DST's property is contributed to a real estate investment trust in exchange for operating-partnership units; the data on this trust shows no such conversion feature, and the Form D describes no REIT roll-up.
- What are the biggest gaps in the public record here?
- Acquisition price, seller, title holder, debt terms, occupancy, and any distribution history. Only one Form D exists for this trust, and DSTs offered under Rule 506(b) file no ongoing SEC reports. Any figure beyond the Form D and public property listings would have to come from the sponsor's offering documents or investor reporting.
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.