Tapestry Turfway (a.k.a. Tapestry Turfway Park)
Multifamily (Class-A luxury apartments) property in Florence, KY — sponsored by Passco Companies
Files with the SEC as PASSCO TURFWAY DST
Minimum investment
$25k
Offering size
$50.7M
How much has sold
None sold yet
Asset type
Multifamily (Class-A luxury apartments) property
Location
Florence, 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 Turfway (a.k.a. Tapestry Turfway Park) 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 (5)Hide sources (5)
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
- Florence, KY
- Property size
- 320 units; ~20-acre site; 1-, 2-, and 3-bedroom floor plans (avg ~1,000+ SF; ranging 702–1,348 SF at re-leasing)
How did it end?
No sale or other ending on record
Trust still owns and operates the property; JRW Investments lists Passco Turfway DST as 'Active' (not Full Cycle), and re-transition.com shows the offering as 'Closed Offering' (equity raise complete; trust still operating the 320-unit Florence, KY community).
Tapestry Turfway Park is located adjacent to Turfway Park horse-racing track in Florence, KY (Boone County), ~15 minutes south of Downtown Cincinnati and ~10 minutes from CVG airport. Developed by Arlington Properties; Passco is the DST sponsor (Passco Companies, LLC). Offering $50,725,000 (equity $42,475,000). Construction began July 2023; 587 parking spaces, amenities include sports pub, fitness/yoga/spin studios, pool deck, cabanas, fire pit, WeWork-style workspace.
320 units; ~20-acre site; 1-, 2-, and 3-bedroom floor plans (avg ~1,000+ SF; ranging 702–1,348 SF at re-leasing)Supporting evidence
Who's behind it?
- Sponsor
- Passco Companies
- Legal Trust name
- PASSCO TURFWAY 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?
- 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 Tapestry Turfway (a.k.a. Tapestry Turfway Park)?
Top1031 lists Tapestry Turfway (a.k.a. Tapestry Turfway Park) as historical. It is no longer raising money.
Where does Top1031 get the data for Tapestry Turfway (a.k.a. Tapestry Turfway Park)?
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 7Tapestry Turfway — Passco CompaniesPassco portfolio page profiling Tapestry Turfway (the underlying property of the Passco Turfway DST), with sponsor contact info for Passco Companies, LLC. Tapestry Turfway Under Construction in FlorenceDeveloper update detailing Tapestry Turfway Park at 4787 Houston Rd, Florence, KY — 320 units on 20+ acres, mix of 1/2/3-bedroom apartments, amenities, July 2023 construction start.