Top1031

Passco Aventine DST

in West Melbourne, FL · sponsored by Passco Companies

HistoricalA sale, reported by The Real Deal · last Form D Oct 21, 2021therealdeal.com (opens in a new tab)

Passco Aventine DST, sponsored by Passco Companies, filed its first Form D with the SEC on Oct 21, 2021 for a $43.4 million offering. A sale, reported by The Real Deal.

How it ended

No outcome recorded · under 7 years

A sale, reported by The Real Deal.

Source: The Real Deal (opens in a new tab)

Passco Companies has 4 active offerings on record →

Key facts

Minimum investment
$25,000
From the Form D
Offering size
$43,450,000
Equity offered, per the Form D
Sold
9.9%
Form D, Oct 21, 2021; the % is our arithmetic
Investors reported
3
Form D, Oct 21, 2021
Selling commissions
$3,801,875 · 8.7% of offering
Form D Item 15; the % is our arithmetic
Financing
Leveraged. This offering reports mortgage debt on the property.
How it is financed ↓
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 Aventine DST. Top1031 is not a broker-dealer.

What did Passco Aventine DST own?

Reported location
West Melbourne, FL

How was it financed, and what did it cost to sell?

Debt

Financing
Leveraged. This offering reports mortgage debt on the property.

Costs and terms from the Form D

Selling commissions
$3,801,875 · 8.7% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$6,496,368 · 14.9% of offering
Form D Item 16
· The filing’s note: “Passco Aventine Depositor, LLC will be responsible for paying certain fees and costs of approximately $6,196,368.”
Broker-dealers named in the Form D
1 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Oct 13, 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.

What does the SEC record show?

Legal Trust name
Passco Aventine DST
SEC CIK
1889282
First Form D
Oct 21, 2021
Latest Form D
Oct 21, 2021
Filings on record
1
Offered under
Rule 506(b)
General advertising and solicitation are not permitted under this exemption.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount soldInvestors
Form D$43,450,000
$4,306,654
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 Aventine DST?
Passco Aventine DST is a Historical offering. A sale, reported by The Real Deal.

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.