Top1031

Cadence Sugar Hill Apartments

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

Files with the SEC as Passco Cadence DST

Minimum investment
$25k
Offering size
$67.6M
How much has sold
None sold yet
Asset type
Multifamily property
Location
Sugar Hill, GA
Financing
Not stated. The filings for this offering do not say whether it carries mortgage debt.

Sponsor-reported, from SEC filings and cited sources.

Chapter 1

What is this, in one paragraph?

Passco Cadence DST is a Delaware statutory trust — a structure that lets 1031 exchange investors hold fractional interests in real estate — formed in 2022 to hold Cadence, a then-new apartment community in Sugar Hill, Georgia, northeast of Atlanta.1 Passco Companies bought the property from Prestwick Development that same month.2 The Trust is closed to new investors; JRW Investments' Passco listing shows the offering as closed.6

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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.

Chapter 2

What exactly is the property?

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
Chapter 3

Who is the tenant, and what's the lease?

An apartment community has no single anchor tenant: income comes from many resident leases, usually a year or shorter, that reprice as they roll rather than from one long-term contract. Cadence's own site markets one-, two-, and three-bedroom apartments to prospective residents.7

Chapter 4

How did it end?

What happened

No sale or other ending on record

Passco Cadence DST (CIK 1939513) — the 294-unit Cadence at Sugar Hill, GA, remains listed in Passco's 'Our Properties' portfolio as of June 30, 2026 (JRW status 'Active'); the Fogelman brand on the operating website reflects a third-party management contract, not a DST disposition, and no Passco sale or full-cycle announcement has been located.

The 2022 property article describes Cadence as newly opened and acquired by Passco from Prestwick Development, while Passco lists Cadence in Sugar Hill in its managed portfolio.

294 units
Supporting evidence
Chapter 6

What does the paperwork say?

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.

  1. First Form D filedThe public offering record begins.
  2. Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
Filings on record
2
How it may be offered
Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
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.

Chapter 7

Common questions

What happened to Cadence Sugar Hill Apartments?

Top1031 lists Cadence Sugar Hill Apartments as historical. It is no longer raising money.

Where does Top1031 get the data for Cadence Sugar Hill 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 Cadence DST?

No. Nothing has been filed with the SEC for this Trust since its September 14, 2022 Form D amendment, and JRW Investments' Passco sponsor listing shows the Cadence offering as closed.[6] Investors researching a current Passco DST would need to look at the sponsor's active programs instead.

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.[2]

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 private placement memorandum (PPM), the sponsor's confidential offering document, 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.[5] The reviewed record does not expressly confirm which third-party management company handles on-site leasing for the community.

Has the property been sold or gone full-cycle?

No confirmed sale, disposition, or refinancing appears in the materials reviewed for this Trust, and no outcome has been reported. Passco's portfolio page as of June 30, 2026 still lists the Sugar Hill community.[5]

What does Rule 506(c) mean for this offering?

506(c) is the private-placement exemption that lets a sponsor advertise an offering publicly, but every purchaser must be an accredited investor — generally meeting income or net-worth tests — and the sponsor must take reasonable steps to verify that status rather than simply accepting a self-certification.

Chapter 8

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