Top1031

PG Manchester Industrial DST

Industrial property in Londonderry, NH · sponsored by Peachtree Group

HistoricalLast Form D, filed Mar 30, 2026, reports the offering fully sold (opens in a new tab)

PG Manchester Industrial DST was a DST sponsored by Peachtree Group that owned an industrial property in Londonderry, NH (about 50,200 sq ft). Its last Form D, filed Mar 30, 2026, reports the offering fully sold.

How it ended

No outcome recorded · under 7 years

The last Form D, filed Mar 30, 2026, reports the offering fully sold.

Peachtree Group has 2 active offerings on record →

Key facts

Minimum investment
$100,000
From the Form D
Offering size
$28,113,527
Equity offered, per the Form D
Sold
100%
Form D, Mar 30, 2026; the % is our arithmetic
Investors reported
68
Form D, Mar 30, 2026
Selling commissions
$1,686,812 · 6.0% of offering
Form D Item 15; the % is our arithmetic
Financing
All cash. This offering reports no mortgage debt.
How it is financed ↓
Offered under
Rule 506(c)
May be advertised publicly. Every buyer’s accredited status must be verified.
Sponsor buyout right
No
Offering documents, Dec 2025 · Deal terms ↓

Figures come from SEC Form D filings unless a source is cited. Sponsor-stated figures are as reported by the sponsor; Top1031 does not independently audit them. On a 45-day clock? Find day 45 and day 180 →

Using this record to judge the sponsor? A licensed 1031 specialist from our affiliated partner can talk it through with you.

Ask a 1031 specialist about this recordFree. About: PG Manchester Industrial DST. Top1031 is not a broker-dealer.

What did PG Manchester Industrial DST own?

The building is a single-story industrial and flex facility completed in 2024 on 8.32 acres near Manchester-Boston Regional Airport. 1 Local coverage in May 2024 described it as the first Tesla dealership and service center in New Hampshire, combining sales, service and delivery under one roof. 3 The trust acquired it from developer Scannell Properties for $23.5 million. 1

Property address
36 Industrial Drive, Londonderry, NH
Property size
~50,200 sq ft (Tesla sales/service/delivery facility)

How was it financed, and what did it cost to sell?

Peachtree Group bought the property with equity only — no mortgage, no lender, no loan maturity that could force a sale. 2 For an exchanger, that also means this trust supplies no replacement debt, so anyone who carried a mortgage on a relinquished property had to solve that elsewhere.

Debt

Financing
All cash. This offering reports no mortgage debt.
May convert to a REIT (721)
See Deal terms ↓

Costs and terms from the Form D

Selling commissions
$1,686,812 · 6.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$2,067,893 · 7.3% of offering
Form D Item 16
· The filing’s note: “Estimate of certain fees and expenses, including Acquisition Fee, Managing Broker-Dealer Fee, Organization and Offering Expenses, Due Diligence Allowance and Depositor Bridge Capital Costs that may accrue to one or more related persons.”
Broker-dealers named in the Form D
20 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Jan 9, 2026
Minimum investment
$100,000

Form D Item 15 and Item 16 amounts may be the issuer’s estimates; each percentage is Top1031’s arithmetic on two Form D figures. Item 16 can overlap Item 15, so Top1031 does not add them together. The issuer marked these amounts as an estimate.

What are the deal terms?

From Peachtree Group’s offering documents (Dec 2025).

Your exit

Can the sponsor's affiliate buy investors out?
No

Rent and the bills

Who pays rent to the trust?
The property's tenants directly
Who pays for roof and structural repairs?
Investors, through the trust
Who pays if taxes or insurance go up?
The tenant or master tenant
Was the property bought from a sponsor affiliate?
No

Your rights

Can investors remove the manager?
Only for cause
How are disputes with the sponsor resolved?
Mandatory arbitration

What does the SEC record show?

The trust filed an initial Form D — the brief federal notice that an exempt offering has begun — and later a single amendment reporting the raise complete. 6 Rule 506(c) permitted public marketing, which in exchange required the sponsor to verify each investor's accredited status rather than accept self-certification.

Legal Trust name
PG Manchester Industrial DST
SEC CIK
2105549
First Form D
Jan 15, 2026
Latest Form D
Mar 30, 2026
Filings on record
2
Offered under
Rule 506(c)
May be advertised publicly. Every buyer’s accredited status must be verified.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount soldInvestors
Form D/A$28,113,527
$28,113,527+$27,145,785
68+67
EDGAR
Form D$28,113,527
$967,742
1
EDGAR

Amounts, investor counts and minimums are as filed with the SEC on Form D. The change lines are Top1031’s arithmetic between consecutive filings; a new Form D notice starts a new count.

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.

Common questions

What happened to PG Manchester Industrial DST?
PG Manchester Industrial DST is a Historical offering. The last Form D, filed Mar 30, 2026, reports the offering fully sold.
Who is the tenant, and how long is the lease?
Tesla, Inc. leases the entire building. Sponsor-side materials describe a 15-year triple-net lease that began in February 2025 and runs through March 2040, with five five-year renewal options at then-fair-market rent. Triple-net means Tesla pays property taxes, insurance and maintenance directly, leaving the trust with minimal landlord obligations.
Is there a mortgage on the property?
No. Peachtree Group announced the acquisition as debt-free, and the trust reports no lender, loan balance or scheduled debt service. A 1031 exchanger replacing debt from a relinquished property gets no mortgage relief from this trust; a debt-free structure also removes refinancing risk at the end of the hold.
Who built and sold the property?
The facility was completed in 2024 and acquired by the trust from developer Scannell Properties for $23.5 million. Local news in May 2024 reported the project as the first Tesla dealership and service center in New Hampshire, planned for 36 Industrial Drive in Londonderry.
Could this trust convert into a REIT?
The record shows no 721/UPREIT exit — that is, no contemplated contribution of the property into a REIT's operating partnership in exchange for REIT units. Absent that path, a DST typically ends with a sale of the property, at which point investors may take cash or attempt another 1031 exchange.
What does the SEC filing record actually contain?
Two filings: an initial Form D and one Form D/A amendment, both under CIK 0002105549. A Form D is a short notice of an exempt offering, not a reviewed prospectus. Terms — lease details, fees, reserves, hold period — live in the offering documents given to accredited investors, not in the SEC record.

In the news

Sources

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These links support the record as a whole; individual details may come from different sources.

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 offering documents before investing.