Riverhouse
Multifamily property in Little Rock, AR — sponsored by Passco Companies
Files with the SEC as Passco Riverhouse DST
Minimum investment
$25k
Offering size
$31.3M
How much has sold
None sold yet
Asset type
Multifamily property
Location
Little Rock, AR
Financing
Leveraged. This offering reports mortgage debt on the property.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Passco Riverhouse DST is a Delaware statutory trust — a passive co-ownership vehicle whose interests qualify for 1031 exchanges — formed by Passco Companies to hold the Riverhouse apartment complex in Little Rock, Arkansas, purchased for $54,457,500 in September 2022.2 The Offering is closed to new investors, and no sale or other ending has been reported for the Trust.
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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?
Riverhouse stands at 1200 Brookwood Drive in Little Rock's Riverdale neighborhood. Passco Riverhouse DST bought it in September 2022 for $54,457,500 from Riverhouse/ML-BWP LLC and Riverhouse/1031 LLC, affiliates of Carter-Haston Holdings.3 Arkansas Business reported the same sale that November.2 A LIV Development listing puts the unit count one lower than the transaction records, a discrepancy the public record does not resolve.7
- Reported location
- Little Rock, AR
- Property size
- 262 units
Who is the tenant, and what's the lease?
There is no single corporate tenant here: income comes from residents, on leases the property markets at three to fifteen months with month-to-month options after the initial term.5 Arlington Properties announced on November 14, 2023 that it had added Riverhouse to its Southeast portfolio, though that announcement does not spell out a management mandate.6
How did it end?
No sale or other ending on record
Passco Companies' official current-managed-portfolio page lists Riverhouse in Little Rock as of June 30, 2026, while the property's official site advertises tours and office hours, providing dated affirmative evidence of continued operation (Passco Companies and Riverhouse Apartments).
Form D filed September 16, 2022 to acquire the 262-unit Riverhouse apartment complex at 1200 Brookwood Drive in Little Rock's Riverdale neighborhood. Sold by Riverhouse/ML-BWP LLC and Riverhouse/1031 LLC (Carter-Haston Holdings affiliates) to Passco Riverhouse DST for $54,457,500 (Arkansas Online real-estate transactions, Sept 25 2022; Arkansas Business, Nov 14 2022). The property remains in Passco's managed portfolio as of 2026.
262 unitsSupporting evidence
How is it financed, and what does it pay?
Arkansas Business reported that the purchase was financed with a 10-year, $31.6 million loan from KeyBank, so this is a leveraged Trust: mortgage debt sits ahead of investors, and refinancing or sale decisions run against the loan's clock.2 No filing on record itemizes the debt terms.
Who's behind it?
Passco Companies acquires and syndicates multifamily real estate to 1031 exchange investors. Its Form D for this Trust names Passco Companies, LLC alongside Passco Riverhouse Depositor, LLC and Passco Riverhouse Manager, LLC as promoters.1 Riverhouse still appears on Passco's managed-portfolio page, stated current as of June 30, 2026, indicating the sponsor's platform continued to hold the asset nearly four years after purchase.4
- Sponsor
- Passco Companies
- Legal Trust name
- Passco Riverhouse 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 has followed the original Form D, so the public record never reports a final amount raised or a closing date. The Trust was offered under the exemption that permits general solicitation — public advertising — provided each investor's accredited status is verified rather than self-certified.
- 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 Riverhouse?
Top1031 lists Riverhouse as historical. It is no longer raising money.
Where does Top1031 get the data for Riverhouse?
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 Riverhouse DST?
No. The Trust is closed to new investors. Its only SEC filing is the Form D dated September 16, 2022, and no amendment has been filed since, so there is no open Offering to subscribe to.
What does this Trust actually own?
A single multifamily property: the Riverhouse apartment complex at 1200 Brookwood Drive in the Riverdale neighborhood of Little Rock, Arkansas. Passco Riverhouse DST bought it for $54,457,500 from Riverhouse/ML-BWP LLC and Riverhouse/1031 LLC, affiliates of Carter-Haston Holdings.[3]
Is the property leveraged, and by whom?
Arkansas Business reported that the acquisition was financed with a 10-year, $31.6 million loan from KeyBank.[2] No SEC filing on record for the Trust itemizes the loan terms, and the Form D does not disclose them.
Who are the tenants in a multifamily DST like this?
Hundreds of individual residents rather than one corporate tenant. The property markets lease terms of three to fifteen months, with month-to-month options after the initial term, so rents reset frequently instead of being locked by a long-term lease.[5]
Has the property been sold or otherwise exited?
No exit is on record. Riverhouse in Little Rock still appears on Passco Companies' managed-portfolio page, which the sponsor states is current as of June 30, 2026.[4] The Trust's record also shows no plan to convert into a REIT through a 721/UPREIT exchange, the structure where a DST's property is contributed to a REIT's operating partnership for OP units.
Who operates the property day to day?
Arlington Properties announced on November 14, 2023 that it added Riverhouse, a 262-unit Little Rock community, to its Southeast portfolio.[6] That announcement does not expressly confirm a property-management or operating mandate, and no other reviewed source names the on-site operator.
Chapter 9Riverhouse Apartments Hosts $54.4M Sale (Real Deals)Arkansas Business reported the 262-unit Riverhouse Apartments complex at 1200 Brookwood Drive sold for $54.45 million to Passco Riverhouse DST, an affiliate of Passco Companies. Real estate transactions (Passco Riverhouse DST acquisition listing)Local-business-journal transactions column recording the $54,457,500 sale of Riverhouse Apartments at Pt NE 32-2N-12W to Passco Riverhouse DST.