4216 Des Moines, DST
Commercial property in Des Moines, IA
4216 Des Moines, DST was a DST that owned a commercial property in Des Moines, IA (7.834 acres). Its last Form D was filed Mar 14, 2024.
How it ended
No outcome recorded · under 7 years
Last Form D filed Mar 14, 2024.
Key facts
- Minimum investment
- $100,000From the Form D
- Offering size
- $9,500,000Equity offered, per the Form D
- Sold
- 46.7%Form D, Mar 14, 2024; the % is our arithmetic
- Investors reported
- Form D, Mar 14, 202418
- Selling commissions
- Form D Item 15; the % is our arithmetic$0 · 0.0% of offering
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.How it is financed ↓
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
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: 4216 Des Moines, DST. Top1031 is not a broker-dealer.What did 4216 Des Moines, DST own?
The trust acquired 4216 E. 50th St. in Des Moines from Bach Partners LLC for $16,650,000, in a transaction dated February 28, 2024 and reported in the Polk County commercial sales column. 3 That listing describes the parcel as commercial improvements. Separate property records for the same address describe a complex built in 2013 and originally called Broadway Heights. 4 Later listings identify the address as Capitol Grove Apartments with 48 units, though none name the trust as owner. 5
- Reported location
- Des Moines, IA
- Property size
- 7.834 acres / 134,591 sq ft
How was it financed, and what did it cost to sell?
Nothing in the public record discloses a lender, a mortgage, or whether the trust bought the property with debt or entirely in cash; a Form D does not require that disclosure. Until an offering document is reviewed, the trust's leverage is simply unknown.
Debt
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
Costs and terms from the Form D
- Selling commissions
- $0 · 0.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $1,000,000 · 10.5% of offeringForm D Item 16
- Broker-dealers named in the Form D
- None named in the Form D
- Date of first sale
- Feb 28, 2024
- 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.
Who's behind 4216 Des Moines, DST?
No sponsor firm is attached to this offering in the public record — the notice was filed by the trust itself, not by a program sponsor with a named 1031 platform. Karen E. Kennedy signed the Form D as Manager on March 13, 2024 and is the sole related person identified. 2 The filing gives a Los Angeles address, 5901 W. Century Blvd., for that person. No other offerings are attributed to this filer in Top1031's index.
What does the SEC record show?
The original notice has never been amended, so every reported sales figure remains a snapshot taken in 2024 rather than a current tally. The exemption claimed here is the one that permits general solicitation — public advertising of the deal — provided the issuer verifies that every purchaser is an accredited investor.
- Legal Trust name
- 4216 Des Moines, DST
- SEC CIK
- 2015489
- First Form D
- Mar 14, 2024
- Latest Form D
- Mar 14, 2024
- Filings on record
- 1
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D | $9,500,000 | $4,441,345 | 18 | 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 4216 Des Moines, DST?
- 4216 Des Moines, DST is a Historical offering. Last Form D filed Mar 14, 2024.
- Who sponsors this Trust?
- No sponsor is disclosed. The Form D was filed by the trust itself, and the only individual named is Karen E. Kennedy, who signed as Manager on March 13, 2024 and is listed as the related person, at an address on W. Century Blvd. in Los Angeles. There is no sponsor track record in the public record to review.
- What property does the Trust own?
- A property at 4216 E. 50th St., Des Moines, Iowa 50317. Polk County transaction reporting shows 4216 Des Moines DST as buyer from Bach Partners LLC for $16,650,000, in a sale dated February 28, 2024, on 7.834 acres with roughly 134,591 square feet of improvements.
- Is this a commercial building or an apartment complex?
- The record is mixed. The county transaction listing classifies the improvements as commercial, while property-level records for the same address describe a 2013-built residential complex once called Broadway Heights. Later rental listings identify it as Capitol Grove Apartments with 48 units, but do not name the trust as owner or landlord. The asset's operating profile is not settled by public sources.
- Does the Trust use mortgage debt?
- Unknown. No lender, loan amount, or loan-to-value figure appears in the Form D or in any other public filing for this trust, and no amendment has been filed that would add one. Leverage would have to be confirmed in the offering documents.
- Can investors expect a 721/UPREIT exit?
- Nothing in the record indicates one. A 721 or UPREIT exit is where a DST's property is contributed to a REIT's operating partnership in exchange for units instead of cash; Top1031 records no such conversion path for this Trust.
- How current is the offering information?
- Only one Form D exists for this Trust, filed March 14, 2024, and it has not been amended. Sales figures reported in a Form D are a point-in-time snapshot as of the filing, so the amounts on record may not reflect the Trust's status today.
In the news
Sources
Show sources (7)Hide sources (7)
These links support the record as a whole; individual details may come from different sources.
- U.S. Securities and Exchange Commission — EDGAR filing index, accession 0002015489-24-000001 ↗
- U.S. Securities and Exchange Commission — Form D ↗
- CITYVIEW — Commercial Real Estate Transactions in Polk County, Feb. 1 to March 31, 2024 ↗
- Iowa Realty — property record ↗
- Trulia — Capitol Grove Apartments building page ↗
- dmcityview.com ↗
- top1031.com ↗
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.