Chestnut Farm
Multifamily property in Matthews, NC — sponsored by Passco Companies
Files with the SEC as Passco Chestnut Farm DST
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Chestnut Farm combines the historical SEC filing record with the cited public sources we found for the property and its outcome. Use the chapters below to see what those sources establish, then use the source list to check the underlying materials.
Show sources (6)Hide sources (6)
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?
- Reported location
- Matthews, NC
- Property size
- 256 units
How did it end?
No sale or other ending on record
Trust still owns and operates the property; JRW Investments lists Passco Chestnut Farm DST as 'Active' (not Full Cycle), and re-transition.com shows the offering as 'Closed Offering' (equity raise complete; trust still operating the 256-unit Chestnut Farm Apartments in Matthews, NC).
256-unit Class A multifamily community in Matthews, NC; built 2021; ~95.29% occupied; studio-3BR floorplans averaging 620-1,480 sq ft; sponsor Passco Companies (Irvine, CA, founded 1988); DST offering size approx $90.985M with equity raise approx $38.675M, 721 UpREIT option, 10-yr fixed / 5-yr IO at 3.25%, LTV ~57.49%.
256 unitsHow is it financed, and what does it pay?
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Who's behind it?
- Sponsor
- Passco Companies
- Legal Trust name
- Passco Chestnut Farm DST
- May convert to a REIT
- Yes
- 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?
- Form D filedFirst and latest filing on record.
- Filings on record
- 1
- 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.
Common questions
What happened to Chestnut Farm?
Top1031 lists Chestnut Farm as historical. It is no longer raising money.
Where does Top1031 get the data for Chestnut Farm?
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.