Top1031

South Sky Capital Equity Fund, DST

HistoricalLast Form D filed Mar 4, 2025 (opens in a new tab)

South Sky Capital Equity Fund, DST filed its first Form D with the SEC on Mar 4, 2025. Its last Form D was filed Mar 4, 2025.

How it ended

No outcome recorded · under 7 years

Last Form D filed Mar 4, 2025.

Key facts

Minimum investment
$25,000
From the Form D
Investors reported
1
Form D, Mar 4, 2025
Selling commissions
$0
Form D Item 15; the % is our arithmetic
Financing
Leveraged. This offering reports mortgage debt on the property.
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: South Sky Capital Equity Fund, DST. Top1031 is not a broker-dealer.

What did the Trust own?

South Sky Capital Equity Fund, DST is a Delaware statutory trust — the structure that lets 1031 exchange investors hold fractional interests in real estate — that filed a single Form D with the SEC on March 4, 2025. 1 The filing names no property, tenant, or sponsor firm, and no public record identifies the real estate behind it. What exists publicly is the filing itself.

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

The Form D reports that the Trust offered both equity and debt securities. 1 No lender, loan amount, or debt terms appear in the filing, in sponsor material, or in any other public record located.

Debt

Financing
Leveraged. This offering reports mortgage debt on the property.

Costs and terms from the Form D

Selling commissions
$0
Finders’ fees
$0
Paid to officers, directors and promoters
$80,000
Form D Item 16
Broker-dealers named in the Form D
None named in the Form D
Date of first sale
Feb 18, 2025
Minimum investment
$25,000

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?

The Form D — the brief notice an issuer files with the SEC after selling unregistered securities — is marked a new notice and reports the first sale as February 18, 2025. 2 It is a private placement: no public advertising, sold through the issuer's existing investor relationships, generally to accredited investors meeting SEC income or net-worth tests.

Legal Trust name
South Sky Capital Equity Fund, DST
SEC CIK
2059006
First Form D
Mar 4, 2025
Latest Form D
Mar 4, 2025
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 soldInvestors
Form D
$267,696
1
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 South Sky Capital Equity Fund, DST?
South Sky Capital Equity Fund, DST is a Historical offering. Last Form D filed Mar 4, 2025.
What property does this Trust own?
Unknown. The March 4, 2025 Form D does not name a property, and no news report, sponsor marketing page, or trade-press item located as of September 13, 2026 identifies the asset type, address, size, or tenant behind South Sky Capital Equity Fund, DST. An investor would have to obtain the offering documents directly from the issuer.
Who is the sponsor?
No sponsor firm is identified in the SEC filing, so Top1031 carries this Trust as unattributed. The Form D names Jerry Ikerd as an executive officer and as trustee and manager of the statutory trust, with a Nashville, Tennessee address. South Sky Capital's website describes an equity fund and a mortgage fund and credits Bluegrass Capital Group and Southern Sky Realty, LLC, but does not connect either to this specific Trust.
Can interests in this Trust be used in a 1031 exchange?
The entity is organized as a Delaware statutory trust, the form the IRS addressed in Revenue Ruling 2004-86 as replacement property for a like-kind exchange. Whether this particular offering is structured and marketed for 1031 exchange investors is not stated anywhere in the public filing record; the offering documents and the issuer's tax counsel opinion are where that is established.
What does the Form D actually tell an investor?
Very little about the real estate. It confirms the entity's Delaware organization, its Nashville principal address, its trustee and manager, that equity and debt securities were offered, and that the first sale occurred on February 18, 2025. Form D is a notice of exemption, not a disclosure document — the SEC does not review it, and no property-level information is required.

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.