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Cadence Sugar Hill Apartments

Multifamily property in Sugar Hill, GA · sponsored by Passco Companies

HistoricalLast Form D filed Sep 14, 2022 (opens in a new tab)

Cadence Sugar Hill Apartments was a DST sponsored by Passco Companies that owned a multifamily property in Sugar Hill, GA (294 units). Its last Form D was filed Sep 14, 2022.

How it ended

No outcome recorded · under 7 years

Last Form D filed Sep 14, 2022.

Passco Companies has 4 active offerings on record →

Key facts

Minimum investment
$25,000
From the Form D
Offering size
$67,600,000
Equity offered, per the Form D
Sold
Not reported in its Form D filings (latest Sep 14, 2022)
Form D, Sep 14, 2022
Investors reported
3
Form D, Sep 14, 2022
Selling commissions
$5,915,000 · 8.7% 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(c)
May be advertised publicly. Every buyer’s accredited status must be verified.

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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Cadence Sugar Hill Apartments image

Cadence Sugar Hill Apartments · Sugar Hill, GA · Photo: passco.com

What did Cadence Sugar Hill Apartments own?

Cadence stands at 1270 Hillcrest Dr. in Sugar Hill, Georgia, a Gwinnett County suburb northeast of Atlanta. It was newly constructed when Atlanta-based Prestwick Development sold it to Passco Companies in July 2022 for an undisclosed price. 2 Passco continued to list Cadence in Sugar Hill among the properties in its managed portfolio as of June 30, 2026. 5

Reported location
Sugar Hill, GA
Property size
294 units

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
$5,915,000 · 8.7% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$7,889,155 · 11.6% of offering
Form D Item 16
· The filing’s note: “Passco Cadence Depositor, LLC will be responsible for paying certain fees and costs of approximately $7,589,155.”
Broker-dealers named in the Form D
25 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?

Passco filed an initial Form D — the short SEC notice used for exempt private offerings — and then amended it once, the amendment restating the same offering size and minimum investment. 3 The Trust was offered under Rule 506(c), which permits public advertising only if every buyer's accredited-investor status is verified.

Legal Trust name
Passco Cadence DST
SEC CIK
1939513
First Form D
Jul 25, 2022
Latest Form D
Sep 14, 2022
Filings on record
2
Offered under
Rule 506(c)
May be advertised publicly. Every buyer’s accredited status must be verified.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount soldInvestors
Form D/A$67,600,000
$0
3
EDGAR
Form D$67,600,000
$0
3
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 Cadence Sugar Hill Apartments?
Cadence Sugar Hill Apartments is a Historical offering. Last Form D filed Sep 14, 2022.
What property does the Trust hold?
Cadence, a 294-unit apartment community at 1270 Hillcrest Dr. in Sugar Hill, Georgia, roughly 40 miles northeast of downtown Atlanta. It was newly built when Passco Companies acquired it from Prestwick Development in July 2022 for a price the parties did not disclose.
Is the Trust leveraged, and who is the lender?
The public record reviewed for this Trust does not state a mortgage balance, a loan-to-value ratio, or a lender. The Form D filings do not address property debt, and no sponsor document in the reviewed materials discloses the financing structure. A prospective investor would have to read the offering documents for that detail.
Who runs the apartments day to day?
Passco Companies listed Cadence in Sugar Hill among the properties in its managed portfolio as of June 30, 2026. The reviewed record does not expressly confirm which third-party management company handles on-site leasing for the community.

In the news

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.