Top1031

Horizon at Ridgeview (formerly The Dylan)

Multifamily property in Fort Worth, TX · sponsored by Starboard Realty Advisors

HistoricalLast Form D, filed Oct 10, 2023, reports the offering fully sold (opens in a new tab)

Horizon at Ridgeview (formerly The Dylan) was a DST sponsored by Starboard Realty Advisors that owned a multifamily property in Fort Worth, TX (112 units). Its last Form D, filed Oct 10, 2023, reports the offering fully sold.

How it ended

No outcome recorded · under 7 years

The last Form D, filed Oct 10, 2023, reports the offering fully sold.

Starboard Realty Advisors has 2 active offerings on record →

Key facts

Minimum investment
$25,000
From the Form D
Offering size
$24,250,000
Equity offered, per the Form D
Sold
100%
Form D, Oct 10, 2023; the % is our arithmetic
Investors reported
78
Form D, Oct 10, 2023
Selling commissions
$1,455,000 · 6.0% 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(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 →

Using this record to judge the sponsor? A licensed 1031 specialist from our affiliated partner can talk it through with you.

Ask a 1031 specialist about this recordFree. About: Horizon at Ridgeview (formerly The Dylan). Top1031 is not a broker-dealer.

What did the Trust own?

Roughly 107,500 rentable square feet of rental homes, completed in 2021 about 15 minutes south of downtown Fort Worth. 1 Starboard Realty Advisors bought the community in January 2022 under the name The Dylan, then rebranded it Horizon at Ridgeview. Public sources disagree on the street address: the acquisition announcement names Sycamore School Road, while the current leasing site lists 1000 East Harmon Road. 3

Reported location
Fort Worth, TX
Property size
112 units

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

The Trust carries mortgage debt alongside investor equity — a $16,176,000 loan on the property — so a lender's claim sits ahead of investors and refinancing or sale timing turns partly on that loan. No lender is named in the public record.

Debt

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

Costs and terms from the Form D

Selling commissions
$1,455,000 · 6.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$1,598,385 · 6.5% of offering
Form D Item 16
· The filing’s note: “Estimate of certain fees, including Due Diligence Allowance, Placement Agent Fee, Marketing Allowance, Organization Costs and Sponsor Acquisition Fee that may accrue to one or more related persons.”
Broker-dealers named in the Form D
13 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Jan 19, 2023
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 record here is short: an initial Form D — the brief notice an issuer files with the SEC for a private, unadvertised offering — followed by one amendment reporting the raise finished and the Trust closed to new investors. The exemption used bars general solicitation, so interests reached investors through existing broker-dealer relationships.

Legal Trust name
Starboard Ridgeview DST
SEC CIK
1967031
First Form D
Feb 24, 2023
Latest Form D
Oct 10, 2023
Filings on record
2
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/A$24,250,000
$24,250,000+$21,248,676
78+72
EDGAR
Form D$24,250,000
$3,001,324
6
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 Horizon at Ridgeview (formerly The Dylan)?
Horizon at Ridgeview (formerly The Dylan) is a Historical offering. The last Form D, filed Oct 10, 2023, reports the offering fully sold.
What kind of real estate does this Trust own?
A single-family rental community in southwest Fort Worth, Tarrant County, Texas, built in 2021 and located roughly 15 minutes south of downtown Fort Worth. Rather than apartment stacks, it is a community of detached rental homes leased to individual residents, totaling about 107,500 rentable square feet according to a marketplace listing for the Trust.
Why does the property have two names?
Starboard Realty Advisors acquired the community in January 2022 when it was branded The Dylan. It was later rebranded Horizon at Ridgeview, which is the name on the current leasing site. The SEC filings use the legal entity name, Starboard Ridgeview DST — all three refer to the same offering.
Who manages the property day to day?
The Horizon at Ridgeview leasing website states the community is professionally managed by Avenue5, a third-party residential management firm. The DST itself is passive: a Delaware statutory trust cannot actively operate real estate, so the sponsor and its affiliates arrange management, and investors receive their share of whatever the property produces.
What should I make of the 2025 investor alert about this Trust?
On February 21, 2025, the White Law Group published a notice that it was investigating whether broker-dealers made suitable recommendations to investors in Starboard Ridgeview DST, referencing the 2023 Form D. That is a law firm solicitation about how the investment was sold, not a court ruling or regulatory action. No court judgment, regulatory order, loan default, or foreclosure record tied to the property was located.

In the news

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.