Marcus Pointe Grande
Multifamily property in Pensacola, FL — sponsored by Passco Companies
Files with the SEC as Passco Marcus Pointe DST
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Marcus Pointe Grande is the property name attached to Passco Marcus Pointe DST, a Delaware statutory trust — a structure that lets accredited investors hold fractional real-estate title that qualifies for a 1031 exchange — organized in 2010 and sponsored by Passco Companies.1 Its lone Form D is the entire public record; no amendment followed, and no filing names a street address for the property.
Show sources (11)Hide sources (11)
These links support the historical public record; individual details may come from different sources.
- U.S. Securities and Exchange Commission — Form D primary document ↗
- U.S. Securities and Exchange Commission — Form D ↗
- U.S. Securities and Exchange Commission — Form D ↗
- Apartments.com ↗
- Apartments.com ↗
- BH Management Services, LLC (Live BH) ↗
- Baker 1031 Investments ↗
- yardimatrix.com ↗
- livebh.com ↗
- zillow.com ↗
- search.sunbiz.org ↗
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?
The Trust's own filings establish only that it is a Delaware statutory trust organized in 2010 and offered the following spring; they name no street address, purchase price, or closing date.1 Separate property records describe a Marcus Pointe Grande apartment community at 6111 Enterprise Drive in Pensacola, Florida, two stories, built in 2005.4 No public source bridges that address to this Trust, so ownership is unresolved in the record.
- Reported location
- Pensacola, FL
- Property size
- 248 units
Who is the tenant, and what's the lease?
Multifamily means there is no single corporate tenant: income comes from many short residential leases that turn over continually. Listings for the Pensacola Marcus Pointe Grande advertise seven- to twelve-month lease terms.5 BH Management Services is named as that property's manager, and neither record is tied to this Trust.6
How did it end?
Sold after 6.0 years; sponsor reported 1.97x
Per the Baker1031 Passco sponsor profile, the Passco Marcus Pointe DST held Marcus Pointe Grande, a 248-unit multifamily property at 6111 Enterprise Drive in Pensacola, FL, achieving a 1.97x equity multiple over a 6-year hold with an 11.92% annualized return as a completed full-cycle program.
248-unit Class A multifamily community built 2005; 308,072 SF total; Passco Marcus Pointe MT LLC registered in Florida (now inactive) confirms DST ownership of property
248 unitsHow is it financed, and what does it pay?
The Form D discloses nothing about debt — no lender, no loan amount, no indication of whether the Trust used leverage at all — so the capital structure is simply unresolved in the public record.1
Who's behind it?
Passco Companies is the sponsor name attached to this Trust, and the Form D identifies Passco Marcus Pointe Depositor as the party responsible for certain fees and costs of roughly $3.12 million.3 The same filing estimated about $3.48 million of offering proceeds as payments to executive officers, directors, or promoters.2 Beyond those entity names, the public filing does not spell out Passco's role in this particular Trust.
- Sponsor
- Passco Companies
- Legal Trust name
- Passco Marcus Pointe 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?
No amendment ever followed the original Form D, so every figure in the public record — amount sold, investor count, offering size — is frozen as of that 2011 filing date. The Trust was offered under the private-placement exemption that bars general advertising and limits purchasers to accredited investors, typically ones with a pre-existing relationship to the sponsor.
- 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 Marcus Pointe Grande?
Top1031 lists Marcus Pointe Grande as historical. It is no longer raising money.
Where does Top1031 get the data for Marcus Pointe Grande?
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.
Is this Trust still open to new investors?
The only filing on record is the Form D dated April 5, 2011, and no amendment or later filing has appeared since. The offering amounts in the record are as of that 2011 date and are not a statement of current availability. Passco Companies has other offerings tracked on this site.
What property does this Trust own?
The public filings never say. The Form D identifies the Trust as a Delaware statutory trust organized in 2010 but names no address, price, or closing date. Property databases describe a 2005-built apartment community called Marcus Pointe Grande at 6111 Enterprise Drive in Pensacola, Florida, and no public source ties that property to this Trust's SEC filer.
Was there ever a reported outcome for this deal?
Nothing in the SEC record reports an outcome. Baker 1031 Investments publishes a property-level full-cycle table containing a row labeled "Marcus Pointe, Pensacola, FL," but that row does not identify this Trust's CIK or the Enterprise Drive address, so it cannot be attributed to this Trust. No outcome has been reported for CIK 1517410 itself.
What does Rule 506(b) mean here?
506(b) is the private-placement exemption that lets an issuer raise money without registering the securities, provided it does not advertise publicly and sells essentially to accredited investors — those meeting SEC income or net-worth thresholds — usually with a pre-existing relationship to the sponsor. A 506(b) offering is described in a private placement memorandum (PPM), not a public prospectus.
Why is there so little information about this Trust?
Because a DST sponsor's only mandatory SEC filing is the Form D, a short notice of an exempt offering. This Trust filed one in April 2011 and never amended it, and there is no annual reporting requirement. Everything else — property, debt, fees, and performance — lives in the PPM and sponsor reports that only investors and their representatives receive.