Sawgrass Point
Multifamily (luxury, Class AA) property in Gonzales, LA — sponsored by Passco Companies
Files with the SEC as Passco Sawgrass DST
Minimum investment
$25k
Offering size
$59.8M
How much has sold
None sold yet
Asset type
Multifamily (luxury, Class AA) property
Location
Gonzales, LA
Financing
Not stated. The filings for this offering do not say whether it carries mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Passco Sawgrass DST is a Delaware statutory trust — a structure that lets 1031 exchangers hold fractional interests in real estate — formed to hold Sawgrass Point, a 272-unit Class AA apartment community in Gonzales, Louisiana, in the Baton Rouge submarket.1 Passco Companies' purchase was reported in May 2022, and the Trust registered its offering with the SEC that July under Rule 506(c).
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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?
Doster Construction reported completing the Sawgrass Point apartment community in Gonzales, Louisiana on April 24, 2020.2 Passco Companies' purchase of it was reported in May 2022, one of two Louisiana apartment communities bought in the Baton Rouge submarket.1 Passco describes the property as Class AA at 2163 Veterans Boulevard, managed by Arlington Properties, with occupancy of 97% or higher since lease-up.3
- Reported location
- Gonzales, LA
- Property size
- 272 units
Who is the tenant, and what's the lease?
There is no single tenant here. An apartment community collects rent from hundreds of households on short leases, so income tracks local occupancy rather than one company's credit. The property's leasing site lists Arlington Properties as manager, 15-month lease terms, and a concession of up to one month free running July 28 through August 31, 2026.4
How did it end?
No sale or other ending on record
Passco's current managed portfolio, dated June 30, 2026, lists Sawgrass Point in Gonzales, LA, while the property's official leasing site advertises a July 28-August 31, 2026 move-in special; SEC EDGAR shows only the 2022 offering filings and no disclosed disposition or full-cycle event.
Passco's 2022 acquisition coverage describes Sawgrass Point as a 272-unit Class AA luxury multifamily community with 97% or higher occupancy since lease-up, National Green Building Standard construction, and Arlington Properties management; Arlington's 2023 release says it was constructed in 2020.
272 unitsSupporting evidence
How is it financed, and what does it pay?
Neither Form D names a lender, states a loan balance, or indicates whether the Trust used debt at all, and no offering memorandum is public. The capital structure sits outside the public record and would have to come from the sponsor's PPM, the private offering document given to accredited investors.
Who's behind it?
Passco Companies sponsors Delaware statutory trust offerings and has been an active multifamily buyer across the Gulf South. In May 2022 it expanded in Louisiana with two luxury apartment acquisitions totaling roughly 600 units, Sawgrass Point among them.3 Passco's managed-portfolio page, stated as of June 30, 2026, still lists Sawgrass Point in Gonzales.5
- Sponsor
- Passco Companies
- Legal Trust name
- Passco Sawgrass 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?
The Trust is offered under Rule 506(c), the private-placement exemption that permits public advertising so long as the sponsor verifies every buyer is an accredited investor. The September 2022 amendment refiled the same offering terms and commission estimate rather than marking a new stage, and no later filing appears on the SEC record.
- First Form D filedThe public offering record begins.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Filings on record
- 2
- 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 Sawgrass Point?
Top1031 lists Sawgrass Point as historical. It is no longer raising money.
Where does Top1031 get the data for Sawgrass Point?
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.
What does this Trust actually own?
Sawgrass Point, a 272-unit Class AA apartment community at 2163 Veterans Boulevard in Gonzales, Louisiana, part of the Baton Rouge area. Doster Construction reported finishing construction on April 24, 2020, and Passco Companies' acquisition was reported in May 2022 as one of two Louisiana communities purchased together.
Is this offering still accepting investors?
The public record does not settle it. Two Form D filings exist — the original in July 2022 and an amendment in September 2022 — and nothing has been filed since. No SEC filing announces a closing or a completed raise, so anyone mid-exchange should confirm current availability directly with Passco Companies or their own representative before naming it on a 45-day identification list.
What is the minimum investment?
The Form D reports a $25,000 minimum investment, and the offering is made under Rule 506(c), meaning it is limited to accredited investors whose status the sponsor must verify rather than simply accept on a signed representation.
Who runs the property day to day?
Arlington Properties. Passco named Arlington as the manager in its acquisition announcement, and Arlington publicly announced adding the 272-unit, 2020-built Sawgrass Point to its management portfolio on November 14, 2023.
What is not disclosed publicly about this Trust?
A great deal. The purchase price, the closing date, the lender, the loan amount, the leverage level, the expected hold period, and any distribution terms do not appear in the Form D filings or in located third-party reporting. Those items live in the PPM, which is delivered privately to accredited investors.
Can this Trust convert into a REIT interest later?
The record shows no 721/UPREIT exit — the arrangement in which DST interests are eventually contributed to a REIT operating partnership in exchange for OP units. Nothing in the filings indicates that path for this Trust.
Chapter 9Arlington Properties announces addition of Sawgrass Point Apartments to its portfolio.Arlington Properties announced it added the 272-unit, 2020-built Sawgrass Point apartment community in Gonzales, Louisiana, to its management portfolio. Passco Acquires 2 Multifamily Communities in LouisianaThe article reports Passco acquired Sawgrass Point, a 272-unit Class AA luxury multifamily community in Gonzales, Louisiana, at contract pricing.