Top1031

Broad River Trace Apartments

Multifamily property in Columbia, SC · sponsored by Passco Companies

HistoricalLast Form D filed Sep 28, 2012 (opens in a new tab)

Broad River Trace Apartments was a DST sponsored by Passco Companies that owned a multifamily property in Columbia, SC (240 units). Its last Form D was filed Sep 28, 2012.

How it ended

Sold, result reported by the sponsor

Last Form D filed Sep 28, 2012.

Passco Companies has 4 active offerings on record →

Key facts

Minimum investment
$25,000
From the Form D
Offering size
$12,625,000
Equity offered, per the Form D
Sold
Not reported after the first Form D (Sep 28, 2012)
Form D, Sep 28, 2012
Selling commissions
$1,199,375 · 9.5% of offering
Form D Item 15; the % is our arithmetic
Financing
Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
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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Broad River Trace Apartments image

Broad River Trace Apartments · Columbia, SC · Photo: irp.cdn-website.com

What did Broad River Trace Apartments own?

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

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
$1,199,375 · 9.5% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$2,591,842 · 20.5% of offering
Form D Item 16
· The filing’s note: “Passco Broad River Depositor, LLC will be responsible for paying certain fees and costs in the amount of approximately $2,189,029.”
Broker-dealers named in the Form D
1 named in the Form D
Show the firms

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.

What does the SEC record show?

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.

Legal Trust name
Passco Broad River DST
SEC CIK
1559067
First Form D
Sep 28, 2012
Latest Form D
Sep 28, 2012
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$12,625,000
$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 Broad River Trace Apartments?
Broad River Trace Apartments is a Historical offering. Last Form D filed Sep 28, 2012.
What was the completed outcome?
The sponsor table records a June 21, 2019 sale for $24 million. Connect CRE reported Hamilton Point’s acquisition on July 12, 2019, quoting Passco; the report’s publication date is not the closing date.
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.
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.
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. 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.
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 offering documents. The minimum investment and offering size are shown in the rows on this page, taken from the 2012 Form D.

In the news

Sources

Show sources (13)Hide sources (13)

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.