How it ended
No outcome recorded · under 7 yearsLast Form D filed Oct 24, 2023.
Key facts
A free account shows how much of each active offering has sold and the Sponsor Grade letters.- Minimum investment
- $50,000From the Form D
- Offering size
- $4,641,747Equity offered, per the Form D
- Sold
- $0Form D, Oct 24, 2023
- Investors reported
- Form D, Oct 24, 20230
- Selling commissions
- Form D Item 15; the % is our arithmetic$278,505 · 6.0% of offering
- Financing
- Leveraged. This offering reports mortgage debt on the property.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: KG FC DST. Top1031 is not a broker-dealer.What did KG FC DST own?
What this Trust holds is not in the public record. Its Form D filings identify no property, street address, or asset type. 1 The single outside lead is NAI Legacy's completed-acquisitions page, which lists "KG FC DST" with the location "Fort Collins/Timnath, CO" — a market, not a building. 2 Property type, square footage, and acquisition date and price all remain unresolved.
How was it financed, and what did it cost to sell?
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Costs and terms from the Form D
- Selling commissions
- $278,505 · 6.0% of offering
- Finders’ fees
- $46,417
- Paid to officers, directors and promoters
- $0 · 0.0% of offeringForm D Item 16
- Broker-dealers named in the Form D
- 1 named in the Form D
Show the firms
- Emerson Equity LLC · CRD 130032
Individual representatives named in Item 12 are not listed.
- Minimum investment
- $50,000
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.
Who's behind KG FC DST?
The October 24, 2023 amendment names the people running the Trust's manager: Jon Davis as chief executive officer, Duane H. Lund as chief investment officer, and David Buelow and Spencer J. Lund as directors. 3 The filed principal office is 4400 West 78th St., Suite 120, Bloomington, Minnesota. 4 NAI Legacy lists the Trust on its completed-acquisitions page, the only outside party publicly connected to it. 2
- Sponsor
- Offerings on record
What does the SEC record show?
Two documents make up the entire record: an initial Form D — the short notice an issuer files with the SEC for a private placement sold to accredited investors — and an amendment two weeks later that revised the stated offering amount upward. 5 No filing has followed.
- Legal Trust name
- KG FC DST
- SEC CIK
- 1995595
- First Form D
- Oct 10, 2023
- Latest Form D
- Oct 24, 2023
- Filings on record
- 2
- 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 | Filing on SEC EDGAR |
|---|---|---|---|---|
| Form D/A | $4,641,747was $4,546,693 | $0 | EDGAR | |
| Form D | $4,546,693 | $0 | 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 KG FC DST?
- KG FC DST is a Historical offering. Last Form D filed Oct 24, 2023.
- What property does KG FC DST own?
- The SEC filings do not say. Form D notices disclose the offering, not the real estate, and this issuer's two filings name no property, address, or asset type. The only public lead is NAI Legacy's completed-acquisitions page, which lists KG FC DST with the location "Fort Collins/Timnath, CO." The specific building, its tenant, and its lease terms are not established in any source reviewed.
- Who is the sponsor?
- No sponsor is identified in the SEC record. What the October 24, 2023 amendment does disclose are the officers and directors of the Trust's manager: Jon Davis (chief executive officer), Duane H. Lund (chief investment officer), and David Buelow and Spencer J. Lund (directors). NAI Legacy lists the Trust among completed acquisitions, but that listing does not by itself establish who sponsored the offering.
- Was there ever a sale or disposition reported?
- No outcome has been reported. The Trust's filings show no date of first sale, and no research source reviewed on September 3, 2026 established a refinancing, sale, foreclosure, or litigation involving this specific entity. Absence of news is not evidence of a good or bad result — it means the public record simply stops after October 2023.
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.