The Woods at 79th
Multifamily property in Tulsa, OK · sponsored by NuCare
The Woods at 79th was a DST sponsored by NuCare that owned a multifamily property in Tulsa, OK (206 units). Its last Form D was filed Sep 17, 2024.
How it ended
No outcome recorded · under 7 yearsLast Form D filed Sep 17, 2024.
Key facts
A free account shows how much of each active offering has sold and the Sponsor Grade letters.- Minimum investment
- $22,543From the Form D
- Offering size
- $2,254,358Equity offered, per the Form D
- Sold
- 20.9%Form D, Sep 17, 2024; the % is our arithmetic
- Investors reported
- Form D, Sep 17, 20241
- Selling commissions
- Form D Item 15; the % is our arithmetic$135,261 · 5.9% of offering
- Financing
- All cash. This offering reports no 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 →
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Ask a 1031 specialist about this recordFree. About: The Woods at 79th. Top1031 is not a broker-dealer.What did The Woods at 79th own?
The community sits at 1563 S. 79th E. Ave. in Tulsa and was built in 1970. 2 In a December 2024 announcement, Northmarq said it brokered a $15.5 million sale of The Woods at 79th and represented the seller; the announcement identifies neither buyer nor seller. 2 The public record does not establish when, or at what price, the Trust itself acquired the property, or who operates it.
- Reported location
- Tulsa, OK
- Property size
- 206 units; 222,040 sq ft
How was it financed, and what did it cost to sell?
Debt
- Financing
- All cash. This offering reports no mortgage debt.
Costs and terms from the Form D
- Selling commissions
- $135,261 · 5.9% of offering
- Finders’ fees
- $22,542
- 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
- Metric Financial, LLC · CRD 33324
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Aug 30, 2024
- Minimum investment
- $22,543
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 The Woods at 79th?
No sponsor is named in the Trust's Form D, and trade press covering the property does not name one either. The filing does identify the officers of the issuer's manager: Duane H. Lund as chief executive officer and Spencer J. Lund as chief investment officer, with Jon Davis, David Buelow, Garret Farmer and Eileen Rose listed as directors or managing director. 1 It also names Metric Financial LLC as the recipient of sales compensation. 1
- Sponsor
- Offerings on record
What does the SEC record show?
The whole federal record here is one Form D — the notice an exempt offering files with the SEC after its first sale — reporting a first sale on August 30, 2024. 1 The issuer also stated the offering was not intended to last more than one year. 1 No later amendment appears on the issuer's record.
- Legal Trust name
- WG Tulsa DST
- SEC CIK
- 2037837
- First Form D
- Sep 17, 2024
- Latest Form D
- Sep 17, 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 | $2,254,358 | $471,314 | 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 The Woods at 79th?
- The Woods at 79th is a Historical offering. Last Form D filed Sep 17, 2024.
- Who sponsors this DST?
- Unknown from the public record. The Form D filed September 17, 2024 does not name a sponsor, and trade press about the property does not identify the "WG" behind WG Tulsa DST. The filing does name the officers of the issuer's manager — Duane H. Lund as chief executive officer and Spencer J. Lund as chief investment officer, plus Jon Davis, David Buelow, Garret Farmer and Eileen Rose as directors or managing director.
- What property is behind the Trust?
- The Woods at 79th, a garden-apartment community at 1563 S. 79th E. Ave. in Tulsa, Oklahoma, built in 1970. Property size is shown in the property rows on this page. No filing on record spells out the Trust's ownership chain, its purchase date, or its purchase price.
- How large is the offering and what is the stated minimum?
- The Form D filed September 17, 2024 reported a total offering amount of $2,254,358 and a minimum outside-investor commitment of $22,543. Progress against that total is shown in the sales module on this page.
- Is the property leveraged?
- Not established. The single Form D on record carries no debt terms, and no lender, loan amount, or loan-to-value figure has been located in any primary record for this Trust. Anyone evaluating it would need the offering documents from whoever distributes it.
- Was the $15.5 million Northmarq sale the Trust's purchase?
- Northmarq announced in December 2024 that it brokered a $15.5 million sale of The Woods at 79th and represented the seller, but the announcement names neither buyer nor seller. Nothing in the public record confirms that the Trust was the buyer in that transaction.
- Who can invest, and how is it offered?
- The Trust is offered only to accredited investors — people meeting SEC income or net-worth thresholds — under the exemption that permits general advertising provided the issuer verifies each investor's accredited status. The offering method is shown in the paperwork rows on this page.
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.