1536-1542 Tremont Street
Multifamily property in Boston, MA — sponsor not disclosed
Files with the SEC as Groma CCP WMI DST
Sponsor not disclosed
Minimum investment
Not stated
Offering size
$6.3M
How much has sold
100.0%
Asset type
Multifamily property
Location
Boston, MA
Financing
Leveraged. This offering reports mortgage debt on the property.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Groma CCP WMI DST is a Delaware statutory trust — a structure that lets 1031 exchange investors hold fractional interests in real estate — that owns 1536-1542 Tremont Street, a mixed-use building in the Mission Hill/Roxbury area of Boston. Groma Advisor is the sponsor. The Trust filed one Form D in October 2022, and the offering is closed to new investors.
Show sources (9)Hide sources (9)
These links support the historical public record; individual details may come from different sources.
- Audited Consolidated Financial Statements of Groma NAV REIT, Inc. and Subsidiaries (Gray, Gray & Gray, LLP) ↗
- Suffolk County Registry of Deeds ↗
- U.S. Securities and Exchange Commission, Form D ↗
- AltsWire ↗
- LandVest Christie's / MLS Property Information Network ↗
- prnewswire.com ↗
- holdings.groma.com ↗
- altswire.com ↗
- media.groma.com ↗
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?
Groma assembled the deal in stages: an affiliate, Groma NAV REIT NB, LLC, acquired the Tremont Street property on August 4, 2022, and the trust that holds it was created on September 15, 2022.1 The quitclaim deed conveying 1536-1542 Tremont Street to Groma CCP WMI DST was recorded in Suffolk County on October 7, 2022.2 The building sits in Boston's Mission Hill/Roxbury area and mixes apartments with commercial space.
- Reported location
- Boston, MA
- Property size
- 8 units (6 residential + 2 commercial)
Who is the tenant, and what's the lease?
The Trust master-leased the building to Groma CCP WMI Master Tenant, LLC — an affiliate that collects resident rents and pays the Trust rent — under a lease dated October 6, 2022 that runs to March 31, 2032.1 Groma Property Management, LLC is the property manager.1 A one-bedroom unit there was listed for rent in August 2026.5
How did it end?
Partially sold
Groma's audited FY2025 financial statements disclose that on October 5, 2022, NB sold approximately 80.5% of its beneficial interest in WMI for $1,471,847 (no gain/loss recognized), and the trust still holds the remaining ~19.5% interest; no subsequent full-cycle sale or PR has been found.
Mixed-use multifamily property in Mission Hill/Roxbury neighborhood of Boston financed by Needham Bank as part of $41.5M multi-part facility in August 2022.
8 units (6 residential + 2 commercial)$1,471,847Sale price · as reported by the sponsor
Supporting evidence
How is it financed, and what does it pay?
Needham Bank financed the building as part of a $41.5 million multi-part facility announced in August 2022. Leveraged means the Trust holds mortgage debt against the property, so investors take on the loan's terms and refinancing risk along with their beneficial interest in the real estate.
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Who's behind it?
Groma Advisor, LLC signed the Form D as trustee and asset manager; GromaCorp, Inc. is named as the sponsor.3 Groma is a Boston multifamily operator that announced a financing partnership with Needham Bank covering this and other city buildings in August 2022. Its exchange program continued afterward: AltsWire reported on March 14, 2024 that Groma had launched a third Boston-based DST offering, following the first two, one of which included this Trust.4
- Sponsor
- Sponsor not disclosedThe filing does not identify a sponsor we can confirm.
- Legal Trust name
- Groma CCP WMI DST
- May convert to a REIT
- No
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The interests were sold privately, without registration or general advertising, to accredited investors — people meeting SEC income or net-worth tests. The filing reports a first sale on October 6, 2022, and nothing further has been filed for this Trust since.
- Form D filedFirst and latest filing on record.
- Filings on record
- 1
- How it may be offered
- Rule 506(b)Not advertised publicly. Offered through existing relationships.
- 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 1536-1542 Tremont Street?
Top1031 lists 1536-1542 Tremont Street as historical. It is no longer raising money.
Where does Top1031 get the data for 1536-1542 Tremont Street?
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 this Trust?
No. The offering is closed to new investors. Its only SEC filing is a Form D dated October 19, 2022, and no later issuer filing appears on the record. A closed Trust like this one is mainly useful as a comparable when you are sizing up a DST that is currently raising.
What exactly does the Trust own?
One mixed-use building at 1536-1542 Tremont Street in the Mission Hill/Roxbury neighborhood of Boston, containing 8 units — 6 residential and 2 commercial. A quitclaim deed recorded in Suffolk County on October 7, 2022 conveyed the property from Groma NAV REIT NB, LLC to Groma CCP WMI DST, with Groma Advisor, LLC acting as trustee.
Who pays rent to the Trust?
Under a master lease structure, the Trust leases the whole property to Groma CCP WMI Master Tenant, LLC, a sponsor affiliate. The master tenant deals with residents and commercial occupants and pays rent to the Trust, which insulates the Trust from day-to-day operations. Audited Groma NAV REIT financial statements date that master lease to October 6, 2022 with an expiration of March 31, 2032, and name Groma Property Management, LLC as property manager. Individual end-tenants are not identified in public records.
Is there debt on the property?
Yes — the Trust is leveraged. Groma announced in August 2022 that Needham Bank was financing a group of its Boston multifamily investments, including 1536-1542 Tremont Street, through a $41.5 million multi-part facility. The loan amount, rate, and maturity specific to this building are not disclosed in the public record; a prospective buyer of a secondary interest would look to the PPM (the private placement memorandum, the offering's full disclosure document) and loan documents.
Could this Trust roll into a REIT?
The record shows no 721/UPREIT exit — the option to exchange DST interests for operating-partnership units in a REIT rather than receiving sale proceeds. Nothing in the filings indicates that path for this Trust.
Has the property been sold or reported an outcome?
No sale or other outcome has been reported. The Trust took title in October 2022, and a current MLS listing published in August 2026 by LandVest Christie's shows a one-bedroom unit at the address offered for rent by Groma Realty, LLC — evidence of ongoing leasing activity, though not of building-wide occupancy or of any disposition.
Chapter 9Groma Launches Its Third Boston-Based DST OfferingDiscusses Groma DST III following DST I and DST II, which included Groma CCP WMI DST at 1536-1542 Tremont. Groma and Needham Bank Partner to Finance Multi-Family Investments in Boston, MAAnnounces $41.5M debt facility including 1536-1542 Tremont Street, an 8-unit (6 residential, 2 commercial) multifamily property in Mission Hill.