Tapestry Ridge
Multifamily property in Covington, KY — sponsored by Passco Companies
Files with the SEC as Passco Covington Ridge DST
Minimum investment
$25k
Offering size
$41.5M
How much has sold
None sold yet
Asset type
Multifamily property
Location
Covington, KY
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?
Tapestry Ridge combines the historical SEC filing record with the cited public sources we found for the property and its outcome. Use the chapters below to see what those sources establish, then use the source list to check the underlying materials.
Show sources (4)Hide sources (4)
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?
- Reported location
- Covington, KY
- Property size
- 267 units
How did it end?
No sale or other ending on record
Trust still owns and operates the property; JRW Investments lists Passco Covington Ridge DST as 'Active' (not Full Cycle), and re-transition.com shows the offering as 'Closed Offering' (equity raise complete; trust still operating the 267-unit Covington, KY community).
Tapestry Ridge is a Class A apartment community located in Covington, KY (Cincinnati MSA), constructed in 2022. The Passco Covington Ridge DST owns the property, which was 96.25% occupied at the time of the offering; total offering size was approximately $84,575,000 (equity raise ~$35M).
267 unitsSupporting evidence
Who's behind it?
- Sponsor
- Passco Companies
- Legal Trust name
- Passco Covington Ridge 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?
- 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 Tapestry Ridge?
Top1031 lists Tapestry Ridge as historical. It is no longer raising money.
Where does Top1031 get the data for Tapestry Ridge?
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.
Chapter 7Passco Covington Ridge DST (marketplace listing)RE Transition listing describes the Passco Covington Ridge DST as a closed offering of a 267-unit apartment community in Covington, KY with $84.575M total offering size.