Passco Springhouse DST
Other property in Louisville, KY — sponsored by Passco Companies
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Passco Springhouse DST is a Delaware statutory trust — a passive co-ownership vehicle that qualifies for 1031 exchange treatment — sponsored by Passco Companies to hold SpringHouse, a 224-unit apartment community in Louisville, Kentucky.2 Passco filed one Form D in August 2023 and nothing since; JRW Investments, a third-party 1031 marketplace, lists the Springhouse offering as closed.5
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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?
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
Who is the tenant, and what's the lease?
This is residential rather than net-leased: cash flow comes from individual apartment leases across 224 units, not one corporate tenant, so rents and occupancy reset continually.2 The property's leasing site advertised one month free rent for move-ins by August 31, 2026.4
How did it end?
No sale or other ending on record
Passco's current managed portfolio, stated as of June 30, 2026, lists Springhouse in Louisville, while JRW's Passco table lists Springhouse DST as Active, supporting a still-operating outcome.
How is it financed, and what does it pay?
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.
Who's behind it?
Passco Companies sponsors the Trust and, in the Form D, named Passco Springhouse Depositor, LLC and Passco Springhouse Manager, LLC alongside itself as promoters of the offering — the entities that assemble and manage the DST.1 Passco runs a multifamily-weighted 1031 platform of substantial scale, and Springhouse appears on its current managed-portfolio page as of June 30, 2026, indicating the asset remains under Passco management.3
- Sponsor
- Passco Companies
- Legal Trust name
- Passco Springhouse 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?
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.
- 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 Passco Springhouse DST?
Top1031 lists Passco Springhouse DST as historical. It is no longer raising money.
Where does Top1031 get the data for Passco Springhouse DST?
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.
Can I still invest in Passco Springhouse DST?
Probably not. The Trust's only SEC notice filing dates from August 2023, and JRW Investments, a third-party 1031 marketplace, lists the Springhouse offering in its closed-offerings table.[5] Passco Companies or the broker-dealer that originally distributed the Trust would be the ones to confirm current availability.
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.[2] 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 PPM — the private placement memorandum that governs the offering — for the debt structure.
What was the minimum investment?
The August 2023 Form D reported a $25,000 minimum outside investment for the offering.[1] 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 PPM.
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.[3]
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.