Top1031

Benson Lights Apartments

Multifamily property in Omaha, NE · sponsored by SR Realty Trust

Active offeringLatest Form D filed Mar 9, 2026 (opens in a new tab)

Benson Lights Apartments is a DST sponsored by SR Realty Trust that owns a multifamily property in Omaha, NE (100 units). Its latest Form D, filed Mar 9, 2026, lists a $10.8 million offering with a $500,000 minimum.

Key facts

Minimum investment
$500,000
From the Form D
Offering size
$10,800,000
Equity offered, per the Form D
Sold so far
51.1%
Form D, Mar 9, 2026; the % is our arithmetic
Investors reported
3
Form D, Mar 9, 2026
Selling commissions
$0 · 0.0% of offering
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(c)
May be advertised publicly. Every buyer’s accredited status must be verified.
Sponsor buyout right
Yes, after 2 years
Offering documents, Dec 2025 · Deal terms ↓

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 →

Sales so far

Latest Form D
Mar 9, 2026 · 1 filing
First sale
Feb 11, 2026

These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.

How we work out how much has sold

We divide the amount the sponsor reports sold by the offering size in its latest SEC filing, filed Mar 9, 2026.

  • The sponsor reports these amounts itself, and can amend them later.
  • A filing can be behind what has actually sold. It does not confirm that interests are still available.
  • The amount left to sell is the offering size minus the amount sold.
Amount sold
$5,520,613
Not yet sold
$5,279,387
Investors
3

Calculated by Top1031 from the Form D filings, not stated by the sponsor:

51.1% of $10,800,000 sold, calculated by Top1031 from the Form D

See how much of this offering has soldSign in by email and confirm you’re an accredited investor.

Weighing this offering for your exchange? A licensed 1031 specialist from our affiliated partner can go through these filings with you.

Ask a 1031 specialist about this recordFree. About: Benson Lights Apartments. Top1031 is not a broker-dealer.
Benson Lights Apartments image

Benson Lights Apartments · Omaha, NE · Photo: cdn.prod.website-files.com

Location map3030 N 60th St, Omaha, NEAddress matched to a cited source

What does Benson Lights Apartments own?

SR Realty Trust's memorandum describes 99 apartments in a four-story building completed in 2017, plus one adjacent single-family home. 1 The Trust bought the property on October 10, 2025 from 60th NW Radial LLC through a wholly owned subsidiary, SRRT Benson, LLC. 1 An Apprise by Walker & Dunlop appraisal concluded an as-is value of $17,700,000 as of June 12, 2025, before that purchase. 2

Property address
3030 N 60th St, Omaha, NE
Property size
100 units / 95,938 SF

How have sales gone?

The Form D record has one sales figure so far, so there is no trend to chart. The figure is in Sales so far ↑.

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

A mortgage sits ahead of investor equity, so a 1031 exchanger replaces borrowed money as well as cash. Colliers Mortgage LLC made the Trust's loan of $9,539,000, dated October 10, 2025. 4 The memorandum also references a $4,500,000 tax increment financing note in its capitalization. 1

Debt

Financing
Leveraged. This offering reports mortgage debt on the property.
May convert to a REIT (721)
See Deal terms ↓

Costs and terms from the Form D

Selling commissions
$0 · 0.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$0 · 0.0% of offering
Form D Item 16
Broker-dealers named in the Form D
None named in the Form D
Date of first sale
Feb 11, 2026
Minimum investment
$500,000

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.

What are the deal terms?

From SR Realty Trust’s offering documents (Dec 2025).

Your exit

Can the sponsor's affiliate buy investors out?
Yes, after 2 years

From earlier of sellout or offering end. No reply: REIT units

Rent and the bills

Who pays rent to the trust?
A master tenant affiliated with the sponsor
Who pays for roof and structural repairs?
Investors, through the trust
Who pays if taxes or insurance go up?
Investors, through the trust
Was the property bought from a sponsor affiliate?
No

Your rights

Can investors remove the manager?
Only for cause

What does the SEC record show?

The Trust's certificate of trust was filed in Delaware on August 13, 2025. 5 Rule 506(c) lets the sponsor advertise publicly if every buyer is verified as accredited.

Legal Trust name
SRRT Benson DST
SEC CIK
2116990
First Form D
Mar 9, 2026
Latest Form D
Mar 9, 2026
Filings on record
1
Offered under
Rule 506(c)
May be advertised publicly. Every buyer’s accredited status must be verified.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount soldInvestors
Form D$10,800,000
$5,520,613
3
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

Is Benson Lights Apartments an active offering?
Benson Lights Apartments is an Active offering: its latest Form D was filed Mar 9, 2026. A Form D filing does not by itself confirm that interests are still available; the sponsor or a registered representative can confirm what is open.
Does Benson Lights Apartments have a 721 UPREIT exit?
The record lists a possible 721 exit for Benson Lights Apartments. It is an option, not a completed transaction; the offering documents set whether and when it can happen. In a 721 exchange, or UPREIT, the DST’s property is contributed to a REIT’s operating partnership and investors receive operating-partnership units instead of cash.
How a DST-to-721 UPREIT exit works
What does SRRT Benson DST own?
It owns Benson Lights Apartments at 3030 N 60th Street in Omaha, Nebraska. SR Realty Trust's memorandum describes 99 apartments in a four-story building built in 2017, plus one adjacent single-family home, with 95,938 rentable square feet and about 3,233 square feet of ground-floor commercial space. The memorandum lists the property as 95% leased.
Who is the tenant, and how does the lease work?
There are two layers. The whole property is master-leased to Benson MT, LLC under a lease effective September 22, 2025, which sets initial annual rent of $940,000 rising 1.5% each lease year and runs to the earlier of a sale of the property or 15 years from that date. The memorandum's summary instead describes a ten-year term. Underneath, residents hold apartment leases and First Interstate Bank is the commercial tenant, with $55,284.30 annual rent and an anticipated lease end of March 12, 2027. The master tenant engaged Asset Living Midwest, LLC to manage and lease the property at an initial fee of 4% of gross monthly collections.
How is the property financed?
With a mortgage from Colliers Mortgage LLC. The loan agreement dated October 10, 2025 names SRRT Benson DST as borrower and specifies a $9,539,000 loan at a 5.025% fixed rate. The memorandum's capitalization presentation also references a $4,500,000 tax increment financing note alongside $10,800,000 of equity and the mortgage debt, against a stated $20,339,000 maximum offering amount.
Who is behind the offering?
SR Realty Trust. The memorandum names SRRT Properties, LP as the offering sponsor and initial beneficiary of the trust, and describes it as an affiliate of SR Realty Trust, Inc. SR Realty Trust introduced the Trust in its November 2025 investor newsletter and hosts the offering documents on its website.
What do the reports say about the building's condition?
A June 2025 property-condition report hosted by SR Realty Trust estimated $1,587,990 of work, including $1,581,040 categorized as actions required, with $500,000 listed for the roof and $800,000 for windows, siding and penetrations. Those are pre-acquisition estimates rather than completed expenditures. Separately, an appraisal by Apprise by Walker & Dunlop concluded an as-is fee-simple market value of $17,700,000 as of June 12, 2025.

In the news

Sources

Show sources (9)Hide sources (9)

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.