Broad River Trace Apartments
Multifamily property in Columbia, SC — sponsored by Passco Companies
Files with the SEC as Passco Broad River DST
Minimum investment
$25k
Offering size
$12.6M
How much has sold
None sold yet
Asset type
Multifamily property
Location
Columbia, SC
Financing
Not stated. The filings for this offering do not say whether it carries mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Passco Broad River DST was a Delaware statutory trust — a structure that lets 1031 exchangers own fractional interests in a single property — formed to hold Broad River Trace, a Class A garden-style apartment community in Columbia, South Carolina.1 Passco Companies sold the property to Hamilton Point Investments for $24 million on July 12, 2019, and Top1031 reported the Trust reached full cycle.4
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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.
What exactly is the property?
Broad River Trace sits at 551 Riverhill Circle in Columbia, South Carolina.1 Passco Companies bought the Class A garden-style community from the Shoptaw Group, a deal Multi-Housing News reported on August 17, 2012.3 Public sources do not establish the purchase price. The property later appeared in a 10-property portfolio bought by RREAF Holdings, 3650 REIT and DLP Capital in October 2022, after the Trust's exit.5
- Reported location
- Columbia, SC
- Property size
- 240 units; approximately 38 acres
How did it end?
Sold after 6.9 years; sponsor reported 6.9% annualized
Listed as a completed/full-cycle program on Passco Companies's published track record.
The offering summary describes Broad River Trace as a 240-unit Class A garden-style multifamily community on approximately 38 acres; Top1031 reports a 2019 full-cycle sale, but the located news does not state that the original offering was fully subscribed, sold out, or closed.
240 units; approximately 38 acres6.9%Annualized return · as reported by the sponsor
$24,000,000Sale price · as reported by the sponsor
Supporting evidence
Who's behind it?
Passco Companies sponsors 1031 exchange programs, with multifamily communities across the Sun Belt among them. This Trust has a completed outcome: Top1031 reported that Passco sold Broad River Trace to Hamilton Point Investments for $24 million on July 12, 2019, taking the Trust full cycle.4 The sponsor remains an active DST issuer, as the offering counts below show.
- Sponsor
- Passco Companies
- Legal Trust name
- Passco Broad River DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 4 active / 31 total offerings from Passco Companies
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The Trust's SEC record consists of a single Form D notice — the short filing an issuer submits when it sells securities privately instead of registering them — with no later amendment identified on EDGAR.2 It was offered under Rule 506(b), meaning no public advertising and sales to accredited investors reached through existing relationships.
- Form D filedFirst and latest filing on record.
- Filings on record
- 1
- How it may be offered
- Rule 506(b)Not advertised publicly. Offered through existing relationships.
- 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.
Common questions
What happened to Broad River Trace Apartments?
Top1031 lists Broad River Trace Apartments as historical. It is no longer raising money.
Where does Top1031 get the data for Broad River Trace 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.
Can I still invest in Passco Broad River DST?
No. This Trust is historical — closed to new investors. Top1031 reported that the property was sold to Hamilton Point Investments on July 12, 2019, and the Trust reached full cycle.[4]
What was the completed outcome?
Passco sold Broad River Trace to Hamilton Point Investments for $24 million on July 12, 2019, per Top1031 and Connect CRE reporting.[4] Neither source states the original acquisition price, so no gain or loss can be derived from public records.
Why does the SEC record show no completed sales?
The only filing on record is the original September 28, 2012 Form D notice, submitted before the first sale of interests.[2] The Trust never filed an amendment updating sales, so EDGAR carries no later subscription data — that is a filing gap, not evidence about how the raise ended.
Who owns Broad River Trace now?
Not established by public filings for this Trust. Hamilton Point Investments bought it in 2019, and an October 2022 announcement listed Broad River Trace among a roughly $500 million, 10-property portfolio acquired by RREAF Holdings, 3650 REIT and DLP Capital, without naming the seller.[5]
Does the February 2026 fire at the property affect former DST investors?
The Trust exited the property in 2019, so the fire postdates DST ownership.[4] The Post and Courier reported that a February 3, 2026 fire damaged a 28-unit building and displaced 38 people, with no injuries or deaths reported.[6]
What did a $25,000 minimum and Rule 506(b) mean for this offering?
Rule 506(b) allowed Passco to sell interests privately to accredited investors without public advertising, using a PPM — the private placement memorandum that carries the full terms. The minimum investment and offering size are shown in the rows on this page, taken from the 2012 Form D.[2]
Chapter 7Passco Broad River DST Reached Full Cycle With the 2019 Sale of Broad River TraceTop1031 reported that Passco Broad River DST reached full cycle when Broad River Trace was sold to Hamilton Point in 2019. Hamilton Point Acquires South Carolina MF Community for $24MConnectCRE reported Hamilton Point's $24 million acquisition of the 240-unit Broad River Trace multifamily community in Columbia, South Carolina.