Urban Catalyst Industrial I, DST
Industrial in Dallas, TX — sponsor not disclosed
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These links support the historical public record; individual details may come from different sources.
What is this, in one paragraph?
Urban Catalyst Industrial I, DST is a Delaware Statutory Trust — a structure that lets 1031 exchangers hold fractional interests in real estate — formed around an industrial property in Dallas, Texas. Urban Catalyst announced it in January 2023 as the firm's first DST, a $9.8 million offering.1 The sponsor later described the building as an auto-processing plant occupied by tenant Drive Casa.2
Minimum investment
$100k
Offering size
$9.8M
How much has sold
None sold yet
Financing
Not stated. The filings for this offering do not say whether it carries mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
The asset is an industrial building in Dallas, Texas. Urban Catalyst described it in a July 18, 2023 post as an auto-processing plant and said the firm acquired the site shortly after its tenant signed a lease.2 The exact street address, the building's square footage, and the purchase price were not disclosed in any source reviewed for this record.
- Reported location
- Dallas, TX
- Property size
- $9.8M offering size
Who is the tenant, and what's the lease?
Drive Casa, a used-car seller and repairer, fully occupies the property and signed a 10-year lease shortly before Urban Catalyst acquired the site, according to the sponsor's July 18, 2023 post.2 Which party carries taxes, insurance, and maintenance is not stated in the public sources.
How did it end?
Still operating
Urban Catalyst Industrial I, DST is a $9.8 million Delaware Statutory Trust private placement, sponsored by San Jose-based Urban Catalyst as the firm's first DST, investing in a strategically located industrial property in Dallas, Texas. Founder Erik Hayden framed DSTs as a 'natural evolution' for Urban Catalyst's income-producing-property strategy. A Form D was filed in September 2022 raising approximately $9,800,000. The exact street address of the Dallas industrial property was not publicly disclosed in any source visited.
$9.8M offering sizeSupporting evidence
Counted on the sponsor’s Record Card as: No outcome recorded · under 7 years Document
Who's behind it?
Urban Catalyst is a San Jose, California real estate firm, and this was its first DST; founder Erik Hayden framed the format as a "natural evolution" of the firm's income-producing-property strategy. The Form D listed Erik Hayden, Sean Raft, and Joshua Borroughs as executive officers, with Hayden signing as president.3 On March 23, 2025 The White Law Group published that it was reviewing investor complaints tied to this Trust; that post identified no specific lawsuit, loss, or foreclosure.4
- Sponsor
- Sponsor not disclosedThe filing does not identify a sponsor we can confirm.
- May convert to a REIT
- No
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
No amendment to the original Form D has been located, so the SEC record carries no updated subscription tally for this Trust. Rule 506(c) allows a sponsor to advertise an offering publicly, provided every buyer's accredited-investor status is verified rather than self-certified.
- Form D filedFirst and latest filing on record.
- Legal Trust name
- Urban Catalyst Industrial I DST
- Filings on record
- 1
- How it may be offered
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
- Read the filings on SEC EDGAR
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.
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 Private Placement Memorandum before investing.
Common questions
What happened to Urban Catalyst Industrial I, DST?
Urban Catalyst Industrial I, DST is a Historical offering: its latest SEC filing is outside the Active window. The outcome and source documents are shown separately.
Where does Top1031 get the data for Urban Catalyst Industrial I, DST?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Is Urban Catalyst Industrial I, DST still open to new investors?
The public record does not settle it. The Trust's original Form D is the only filing located for CIK 1945385, and no amendment has been found. Urban Catalyst announced the launch on January 10, 2023, and by a July 18, 2023 post described the Dallas property as acquired and occupied by its tenant — but no filing or sponsor statement reviewed says the offering was fully subscribed or formally closed.
What property does this Trust hold?
An industrial property in Dallas, Texas. Urban Catalyst's January 10, 2023 launch announcement called it a strategically located Dallas industrial asset, and the firm's July 18, 2023 post described it as an auto-processing plant. The exact street address, square footage, and acquisition price were not publicly disclosed in the sources reviewed.
Who is the tenant?
Drive Casa, a used-car seller and repair operator. Urban Catalyst's July 18, 2023 post states that Drive Casa fully occupies the property and had signed a 10-year lease shortly before the firm acquired the site. The post does not spell out the lease's expense structure or renewal terms.
Is there a mortgage on the property?
Not established. The Form D does not report debt, and no lender, loan amount, or loan-to-value figure appears in any source reviewed. Leverage for this Trust is therefore unknown on the public record; the PPM — the private placement memorandum given to prospective investors — would be where any financing terms are described.
What was the minimum investment?
The Form D reported a $100,000 minimum outside investment for this offering. Interests were offered under Rule 506(c), the private-placement exemption that permits general solicitation as long as every purchaser is a verified accredited investor.
Has the Trust reported a sale or full-cycle result?
No outcome has been reported. There is no filing or sponsor statement on record showing a sale, refinancing, or wind-down of the Dallas property. Separately, The White Law Group posted on March 23, 2025 that it was reviewing investor complaints related to this Trust, without identifying a specific complaint, lawsuit, or loss.
Chapter 8Urban Catalyst Industrial I DST Lawsuits InvestigationSecurities-law firm blog post noting that Urban Catalyst Industrial I DST is a Delaware Statutory Trust private placement that filed a Form D in 2022 to raise approximately $9,800,000. Urban Catalyst Launches Its First Delaware Statutory TrustLaunch press release for Urban Catalyst Industrial I, DST — a $9.8 million Delaware Statutory Trust investing in a strategically located industrial property in Dallas, Texas.