Top1031

PB Lofts at the Village

Multifamily property in Mission Viejo, CA

HistoricalLast Form D filed May 25, 2023 (opens in a new tab)

PB Lofts at the Village was a DST that owned a multifamily property in Mission Viejo, CA. Its last Form D was filed May 25, 2023.

How it ended

No outcome recorded · under 7 years

Last Form D filed May 25, 2023.

Key facts

Minimum investment
$100,000
From the Form D
Offering size
$9,950,374
Equity offered, per the Form D
Sold
Not reported after the first Form D (May 25, 2023)
Form D, May 25, 2023
Selling commissions
$1,027,038 · 10.3% of offering
Form D Item 15; the % is our arithmetic
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(b)
General advertising and solicitation are not permitted under this exemption.

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 →

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Ask a 1031 specialist about this recordFree. About: PB Lofts at the Village. Top1031 is not a broker-dealer.

What did PB Lofts at the Village own?

No primary record identifies the real estate behind this Trust. The Form D describes it only as a Delaware Statutory Trust organized in Delaware in 2022, carries an industry classification of Commercial, and gives no property address. 1 The name resembles an apartment community called The Lofts at the Village in Meridian, Idaho, but that link could not be confirmed from primary sources, so no building, unit count, or location is established here.

Reported location
Mission Viejo, CA

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

The Form D carries no mortgage balance, lender, or loan terms, so whether this Trust holds debt or was capitalized all-cash is not established. In a leveraged DST the loan sits at the trust level and is non-recourse to investors; here the record says nothing either way.

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
$1,027,038 · 10.3% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$517,000 · 5.1% of offering
Form D Item 16
Broker-dealers named in the Form D
1 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Not in the Form D
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 does the SEC record show?

Nothing has followed the original Form D: as accessed September 2, 2026, the SEC record shows no amendment, no closing notice, and no later filing for this Trust. 3 It was offered under Rule 506(b), the private-placement route that bars public advertising and relies on pre-existing relationships with accredited investors — those meeting SEC income or net-worth tests.

Legal Trust name
PB Lofts at the Village, DST
SEC CIK
1978886
First Form D
May 25, 2023
Latest Form D
May 25, 2023
Filings on record
1
Offered under
Rule 506(b)
General advertising and solicitation are not permitted under this exemption.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount sold
Form D$9,950,374
$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 PB Lofts at the Village?
PB Lofts at the Village is a Historical offering. Last Form D filed May 25, 2023.
What property does PB Lofts at the Village, DST own?
That is unresolved. The Form D filed May 25, 2023 gives no property address, and no primary record identifies the underlying real estate. The Trust's name resembles The Lofts at the Village, an apartment community at 3543 East Tecate Lane in Meridian, Idaho, but that is a name-based candidate only and was not confirmed from primary sources. The address on the SEC record — Mission Viejo, California — is the trust's filed address, not a property location.
Who sponsors this Trust?
No sponsor organization is identified in the SEC filing. The Form D names Brian Sconyers as an executive officer and President of the Signatory Trustee. Emerson Equity LLC, a San Mateo, California broker-dealer, is listed for the offering. Without a named sponsor there is no prior-program record, asset-management history, or 1031 platform to examine.
What is the minimum investment?
The Form D filed May 25, 2023 states a minimum investment of $100,000 from any outside investor. Interests were offered under Rule 506(b), which limits sales to accredited investors reached through pre-existing relationships rather than public advertising.
Are there any legal or regulatory matters on record?
On March 28, 2025, the law firm The White Law Group published a page stating it was investigating potential securities-fraud claims involving PB Lofts at the Village DST and possible unsuitable recommendations. That is a plaintiff-side investigation notice, not a finding of fraud, an enforcement action, a lawsuit judgment, or a reported loss. No primary enforcement or litigation record was located.
Does this Trust have a 721/UPREIT exit?
No REIT conversion is indicated on the record. A 721/UPREIT exit is where a DST's property is contributed to a real estate investment trust's operating partnership in exchange for partnership units, converting the investor's position into REIT-linked units. Nothing in this Trust's single Form D describes such a path.

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.