Top1031

Passco Springhouse DST

in Louisville, KY · sponsored by Passco Companies

HistoricalLast Form D filed Aug 2, 2023 (opens in a new tab)

Passco Springhouse DST, sponsored by Passco Companies, filed its first Form D with the SEC on Aug 2, 2023 for a $30.8 million offering. Its last Form D was filed Aug 2, 2023.

How it ended

No outcome recorded · under 7 years

Last Form D filed Aug 2, 2023.

Passco Companies has 4 active offerings on record →

Key facts

Minimum investment
$25,000
From the Form D
Offering size
$30,850,000
Equity offered, per the Form D
Sold
$0
Form D, Aug 2, 2023
Investors reported
0
Form D, Aug 2, 2023
Selling commissions
$2,699,375 · 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(c)
May be advertised publicly. Every buyer’s accredited status must be verified.

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 →

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Ask a 1031 specialist about this recordFree. About: Passco Springhouse DST. Top1031 is not a broker-dealer.

What did Passco Springhouse DST own?

SpringHouse is a 224-unit multifamily property on 12.2 acres in Louisville, Kentucky, per Arlington Properties' portfolio page published September 21, 2023. 2 It leases to residents as Springhouse Apartments at 8400 Tapestry Circle. 4 Passco's own current managed-portfolio page, dated as of June 30, 2026, still lists Springhouse. 3 No public source located an acquisition price or a closing date for the Trust's purchase.

Reported location
Louisville, KY

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

The Form D describes securities terms only, and no lender, loan balance, or leverage terms for SpringHouse surfaced in public sources — so whether the Trust holds the property with mortgage debt or free of it is not established on the record.

Debt

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

Costs and terms from the Form D

Selling commissions
$2,699,375 · 8.7% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$4,807,792 · 15.5% of offering
Form D Item 16
· The filing’s note: “Passco Springhouse Depositor, LLC will be responsible for paying certain fees and costs of approximately $4,507,792.”
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.

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?

One notice filing carries this Trust's entire SEC record; the issuer signed it on August 1, 2023. 1 It was offered under the exemption that permits public advertising provided every purchaser is a verified accredited investor — someone meeting SEC income or net-worth tests. No amendment has followed.

Legal Trust name
Passco Springhouse DST
SEC CIK
1987653
First Form D
Aug 2, 2023
Latest Form D
Aug 2, 2023
Filings on record
1
Offered under
Rule 506(c)
May be advertised publicly. Every buyer’s accredited status must be verified.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount sold
Form D$30,850,000
$0
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 Springhouse DST?
Passco Springhouse DST is a Historical offering. Last Form D filed Aug 2, 2023.
What does the Trust own?
SpringHouse, a 224-unit apartment community on 12.2 acres in Louisville, Kentucky, marketed to renters as Springhouse Apartments at 8400 Tapestry Circle. The Form D itself contains no property description; the match comes from the issuer name, Passco's managed-portfolio listing, and the property's own pages.
Is the Trust leveraged?
Not established. Form D filings disclose securities terms, not real estate debt, and no property-level loan, lender, or leverage figure for SpringHouse was found in public sources. A prospective investor would look to the offering documents for the debt structure.
What was the minimum investment?
The August 2023 Form D reported a $25,000 minimum outside investment for the offering. That is the amount stated in the 2023 notice filing; DST minimums for 1031 exchange investors are commonly set higher in practice and are governed by the offering documents.
Has there been a sale or full-cycle event?
No disposition, refinance, or full-cycle result has been reported. Passco's current managed-portfolio page, dated as of June 30, 2026, still lists Springhouse, which is consistent with the asset being held rather than sold.
Will this Trust convert into a REIT?
The record shows no 721/UPREIT exit — the structure in which a DST's property is contributed to a REIT's operating partnership in exchange for partnership units. Nothing in the filings indicates a planned REIT conversion for this Trust.

Sources

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These links support the record as a whole; individual details may come from different sources.

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.