Bourbon Brothers Retail Properties, DST
in Colorado Springs, CO
Active offeringLatest Form D filed Aug 24, 2026 (opens in a new tab)
Bourbon Brothers Retail Properties, DST filed its first Form D with the SEC on Aug 24, 2026 for a $22.9 million offering. Its latest Form D, filed Aug 24, 2026, lists a $22.9 million offering with a $100,000 minimum.
Key facts
- Minimum investment
- $100,000From the Form D
- Offering size
- $22,973,656Equity offered, per the Form D
- Sold so far
- Form D, Aug 24, 2026; the % is our arithmetic31.7%
- Investors reported
- Form D, Aug 24, 20262
- Selling commissions
- Form D Item 15; the % is our arithmetic$2,000,000 · 8.7% of offering
- 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 →
Sales so far
- Latest Form D
- Aug 24, 2026 · 1 filing
- First sale
- Jul 27, 2026
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
- Amount sold
- $7,303,000
- Not yet sold
- $15,670,656
- Investors
- 2
Calculated by Top1031 from the Form D filings, not stated by the sponsor:
31.7% of $22,973,656 sold, calculated by Top1031 from the Form D
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What does the Trust own?
Hospitality Income & Asset, LLC held the real estate under a Bourbon Brothers Smokehouse & Tavern restaurant and an indoor concert and event venue in Colorado Springs, and conveyed it to this Trust on June 24, 2026 in exchange for all of the Trust's beneficial interests. 2 Venu's quarterly report identifies the venue as the Phil Long Music Hall at Bourbon Brothers. 2 The reviewed filings give no street address, building size, or occupancy figure.
- Reported location
- Colorado Springs, CO
How have sales gone?
The Form D record has one sales figure so far, so there is no trend to chart. The figure is in Sales so far ↑.
How is it financed, and what did it cost to sell?
The reviewed public records put no mortgage balance, lender, or loan terms on file for this Trust, so whether it is leveraged or all-cash is not established; the offering documents would say. A $14 million parking-property sale-leaseback Venu announced October 28, 2025 involves different real estate.
Costs and terms from the Form D
- Selling commissions
- $2,000,000 · 8.7% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $200,000 · 0.8% of offeringForm D Item 16
- Broker-dealers named in the Form D
- 1 named in the Form D
Show the firms
- Green Vista Capital, LLC · CRD 293630
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Jul 27, 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.
Who's behind the Trust?
Control sits with Bourbon Brothers Retail Properties ST LLC, a wholly owned Venu Holding Corporation subsidiary that serves as signatory trustee and alone may manage or sell the property; buyers of beneficial interests have no voting rights and no legal title. 2 Venu is a publicly traded Colorado live-entertainment developer whose affiliates operate both tenants. Venu's August 13, 2026 quarterly filing reported that interests sold since June 30, 2026 included a sale to a related party. 2
What does the SEC record show?
The offering is documented by a Form D — a notice of an exempt offering, not a registration, so no regulator passed on it — under the exemption that permits public advertising provided every buyer is a verified accredited investor.
- Legal Trust name
- Bourbon Brothers Retail Properties, DST
- SEC CIK
- 2145336
- First Form D
- Aug 24, 2026
- Latest Form D
- Aug 24, 2026
- 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 | $22,973,656 | $7,303,000 | 2 | 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
- Is Bourbon Brothers Retail Properties, DST an active offering?
- Bourbon Brothers Retail Properties, DST is an Active offering: its latest Form D was filed Aug 24, 2026. A Form D filing does not by itself confirm that interests are still available; the sponsor or a registered representative can confirm what is open.
- What does this Trust actually own?
- Venu Holding Corporation's Form 10-Q for the quarter ended June 30, 2026 states that Bourbon Brothers Retail Properties, DST owns the real estate underlying two Colorado Springs, Colorado facilities the filing abbreviates BBST CO and BBP CO: a Bourbon Brothers Smokehouse & Tavern restaurant and the Phil Long Music Hall at Bourbon Brothers, an indoor concert and event venue. Hospitality Income & Asset, LLC conveyed that real estate to the Trust on June 24, 2026 in exchange for all of its beneficial interests. The reviewed filings give no street address, square footage, acreage, or occupancy percentage.
- Who pays the rent, and what does the lease say?
- Venu's Form 10-Q for the quarter ended June 30, 2026 names Bourbon Brothers Smokehouse and Tavern CS, LLC as tenant and operator of the restaurant and Bourbon Brothers Presents, LLC as tenant and operator of the venue, doing business as Phil Long Music Hall; both lease interests were reassigned to the Trust as landlord on June 24, 2026. That filing specifies initial annual base rent of $1,213,308 for the restaurant and $693,000 for the event venue beginning July 1, 2026, subject to its stated condition that beneficial holders own 100% of the trust interests, with 2% annual increases beginning July 1, 2027. Lease expiration, renewal, and termination provisions are not established in the records reviewed as of October 4, 2026; the offering documents would carry them.
- Is there debt on the property?
- The reviewed public records do not establish any mortgage balance, lender, or loan terms specific to this Trust, and no net-lease classification or leverage figure for the Trust appears in them either. A separate sale-leaseback involving a parking property on Venu's Colorado Springs campus, announced October 28, 2025, concerns different real estate and should not be read as this Trust's debt. Whether this Trust carries mortgage debt, and on what terms, would be stated in the offering documents.
- Who controls this Trust, and are the parties related?
- Venu's Form 10-Q states that Bourbon Brothers Retail Properties ST LLC, a wholly owned Venu Holding Corporation subsidiary, is the Trust's signatory trustee with sole authority to manage the trust and sell its property. Both tenants are Venu-affiliated operating companies, and Venu's August 13, 2026 filing reported that the beneficial interests sold between June 30 and August 13, 2026 included interests sold to a related party. The rent, the trustee, the operating businesses and part of the buyer base therefore trace back to the same parent. The reviewed records identify no separate offering sponsor.
- What rights do investors get?
- Limited ones, by design. Venu's Form 10-Q states that additional purchasers of beneficial interests have no voting rights over the Trust's affairs and do not acquire legal title to its property; what they receive is pro rata distributions of the base rent paid by the two Bourbon Brothers operating companies. That passivity is characteristic of the DST form and is what allows the interests to be used in a 1031 exchange. The reviewed filings describe no planned sale date and no 721/UPREIT exit, in which DST interests are exchanged for units in a REIT's operating partnership.
- When did this offering begin selling, and how healthy is the parent company?
- The Form D filed August 24, 2026 reports a first sale of securities on July 27, 2026, a total offering amount of $22,973,656, and a $100,000 minimum investment from an outside investor. It is offered under the private-placement exemption that permits general advertising but requires the issuer to verify that every purchaser is an accredited investor, confirming income or net worth rather than taking the buyer's word for it. As for the parent behind the trustee and both tenants, StockTitan's August 13, 2026 summary of Venu's second-quarter filing reported a $34.2 million loss and $132.9 million of capital spending for the first half of 2026. Current progress figures appear in the sales data on this page; a dated Form D is a snapshot, not confirmation that interests remain available today.
In the news
Sources
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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.