Passco Altis Promenade DST
in Lutz, FL · sponsored by Passco Companies
Passco Altis Promenade DST, sponsored by Passco Companies, filed its first Form D with the SEC on Jul 8, 2021 for a $54.3 million offering. Its last Form D was filed Jul 8, 2021.
How it ended
Last Form D filed Jul 8, 2021.
Key facts
- Minimum investment
- $25,000From the Form D
- Offering size
- $54,300,000Equity offered, per the Form D
- Sold
- $0Form D, Jul 8, 2021
- Investors reported
- Form D, Jul 8, 20213
- Selling commissions
- Form D Item 15; the % is our arithmetic$4,751,250 · 8.7% of offering
- 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 →
Using this record to judge the sponsor? A licensed 1031 specialist from our affiliated partner can talk it through with you.
Ask a 1031 specialist about this recordFree. About: Passco Altis Promenade DST. Top1031 is not a broker-dealer.What did Passco Altis Promenade DST own?
- Reported location
- Lutz, FL
How was it financed, and what did it cost to sell?
Costs and terms from the Form D
- Selling commissions
- $4,751,250 · 8.7% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $7,547,146 · 13.8% of offeringForm D Item 16· The filing’s note: “Passco Altis Promenade Depositor, LLC will be responsible for paying certain fees and costs of approximately $7,417,146.”
- Broker-dealers named in the Form D
- 1 named in the Form D
Show the firms
- Passco Capital, Inc. · CRD 117323
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Jul 1, 2021
- 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.
Who's behind Passco Altis Promenade DST?
- Sponsor
- Offerings on record
What does the SEC record show?
- Legal Trust name
- Passco Altis Promenade DST
- SEC CIK
- 1871303
- First Form D
- Jul 8, 2021
- Latest Form D
- Jul 8, 2021
- Filings on record
- 1
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D | $54,300,000 | $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 Passco Altis Promenade DST?
- Passco Altis Promenade DST is a Historical offering. Last Form D filed Jul 8, 2021.
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.