Is The Banks on Bradley an active offering?

The Banks on Bradley is an Active offering: its latest Form D was filed Mar 2, 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 The Banks on Bradley have a 721 UPREIT exit?

The record lists a possible 721 exit for The Banks on Bradley. 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.

What property does this Trust own?

A 144-unit garden-style apartment community called The Banks on Bradley at 355 Bradley Boulevard in Richland, Washington, in the Tri-Cities. Sponsor offering materials state it was completed in 2024. Local business press reported construction newly finished on December 13, 2024.

Who operates the apartments, and what does that mean for an investor?

There is no corporate tenant; individual residents sign their own leases. Sponsor materials state the property is master-leased to Starboard Bradley MT LLC, a wholly owned sponsor subsidiary, which subleases units to residents. Cash therefore reaches the Trust through a sponsor-affiliated master tenant rather than an unrelated counterparty, and that entity's obligations and capitalization are set out in the offering documents. The identity of the day-to-day property manager was not established in the sources reviewed.

Is the property fully leased?

Not as of the most recent figure located. The sponsor reports that the February 2, 2026 rent roll showed the property 88.9% occupied while still in lease-up. A community in lease-up carries absorption and concession exposure that a stabilized asset does not. No verified occupancy measurement after February 2, 2026 was found.

What do offering materials say about the capital stack?

They report total capitalization of $41,868,000, including $19,298,000 of debt, and an in-place loan-to-value ratio of 46.09%. These are sponsor-stated terms, not independently audited figures; the loan documents and the offering documents control. The lender and the loan's rate and amortization terms were not verified in the sources reviewed for this update.

What is the minimum investment, and what fees does the filing disclose?

The sources disagree on the minimum. The Form D filed March 2, 2026 states a $25,000 minimum accepted from an outside investor, while marketing material summarized in this record lists $100,000; nothing reviewed reconciles the two, so confirm the operative minimum with the sponsor or the broker-dealer carrying the Offering.

The Banks on Bradley

Multifamily property in Richland, WA · sponsored by Starboard Realty Advisors

Active offeringLatest Form D filed Mar 2, 2026

The Banks on Bradley is a DST sponsored by Starboard Realty Advisors that owns a multifamily property in Richland, WA (144 units). Its latest Form D, filed Mar 2, 2026, lists a $22.5 million offering with a $25,000 minimum.

Key facts

Minimum investment: $25,000
From the Form D
Offering size: $22,570,000
Equity offered, per the Form D
Sold so far: None reported as of Mar 2, 2026
Form D, Mar 2, 2026
Selling commissions: $1,354,200 · 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(c)
May be advertised publicly. Every buyer’s accredited status must be verified.
Sponsor buyout right: Yes
Offering documents, Feb 2026 · 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 2, 2026 · 1 filing

No sales reported in a Form D amendment yet. Latest notice Mar 2, 2026.

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: The Banks on Bradley. Top1031 is not a broker-dealer.

Richland, WA metroMap shows the city, not the exact address.

No photo on record.

Local business press reported on December 13, 2024 that construction had just finished on the Richland apartment complex, built by Starboard Realty Advisors. Offering materials also put completion in 2024. ¹ County records summarized in this record show a November 26, 2025 bargain-and-sale deed from SRA-CH Richland I LLC to the Trust, but the deed itself was not obtained and the parcel address does not match the offering address. ² A broker recap put the sale at $34,500,000. ³

Property address: 355 Bradley Blvd, Richland, WA
Property size: 144 units

Leveraged means a mortgage sits ahead of investor equity: it must be repaid, refinanced, or assumed by a buyer before equity sees any sale proceeds. Offering materials summarized in this record report $19,298,000 of debt within total capitalization of $41,868,000 — sponsor-stated figures, not independently audited. ²

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: $1,354,200 · 6.0% of offering
Finders’ fees: $0
Paid to officers, directors and promoters: $2,402,800 · 10.6% of offering
Form D Item 16
· The filing’s note: “Est. certain fees, including Administrative Fee, Due Diligence Allowance, Placement Agent Fee, Marketing Allowance, Wholesale Fee, Sponsor Acquisition Fee, Depositor Capitalization Costs & Organization Costs that may accrue to one or more related persons.”
Broker-dealers named in the Form D: 1 named in the Form D
Show the firms
Orchard Securities, LLC · CRD 133378
Individual representatives named in Item 12 are not listed.
Date of first sale: Not in the Form D
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.

From Starboard Realty Advisors’ offering documents (Feb 2026).

Your exit

Can the sponsor's affiliate buy investors out?: Yes

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?: Yes

Your rights

Can investors remove the manager?: Only for cause
How are disputes with the sponsor resolved?: Mandatory arbitration

The record here is a single original notice, unamended since. A Form D is the issuer's own notice to the SEC that it is selling unregistered securities under an exemption, not an approval; the exemption claimed permits general advertising but requires each buyer's accredited status to be documented and verified rather than self-certified.

Legal Trust name: Starboard Bradley DST
SEC CIK: 2105462
First Form D: Mar 2, 2026
Latest Form D: Mar 2, 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

SEC Form D filings for The Banks on Bradley, newest first
Filed	Form	Offering amount	Amount sold	Filing on SEC EDGAR
Mar 2, 2026	Form D	$22,570,000	$0	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.

Is The Banks on Bradley an active offering?: The Banks on Bradley is an Active offering: its latest Form D was filed Mar 2, 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 The Banks on Bradley have a 721 UPREIT exit?: The record lists a possible 721 exit for The Banks on Bradley. 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 property does this Trust own?: A 144-unit garden-style apartment community called The Banks on Bradley at 355 Bradley Boulevard in Richland, Washington, in the Tri-Cities. Sponsor offering materials state it was completed in 2024. Local business press reported construction newly finished on December 13, 2024.
Who operates the apartments, and what does that mean for an investor?: There is no corporate tenant; individual residents sign their own leases. Sponsor materials state the property is master-leased to Starboard Bradley MT LLC, a wholly owned sponsor subsidiary, which subleases units to residents. Cash therefore reaches the Trust through a sponsor-affiliated master tenant rather than an unrelated counterparty, and that entity's obligations and capitalization are set out in the offering documents. The identity of the day-to-day property manager was not established in the sources reviewed.
Is the property fully leased?: Not as of the most recent figure located. The sponsor reports that the February 2, 2026 rent roll showed the property 88.9% occupied while still in lease-up. A community in lease-up carries absorption and concession exposure that a stabilized asset does not. No verified occupancy measurement after February 2, 2026 was found.
What do offering materials say about the capital stack?: They report total capitalization of $41,868,000, including $19,298,000 of debt, and an in-place loan-to-value ratio of 46.09%. These are sponsor-stated terms, not independently audited figures; the loan documents and the offering documents control. The lender and the loan's rate and amortization terms were not verified in the sources reviewed for this update.
What is the minimum investment, and what fees does the filing disclose?: The sources disagree on the minimum. The Form D filed March 2, 2026 states a $25,000 minimum accepted from an outside investor, while marketing material summarized in this record lists $100,000; nothing reviewed reconciles the two, so confirm the operative minimum with the sponsor or the broker-dealer carrying the Offering.

In the news

Nov 1, 2025Banks on Bradley // New Construction Tri-Cities SaleBroker recap of the 144-unit brand-new Banks on Bradley asset in Richland, WA, sold at $34,500,000 ($239,583/unit) in stabilized institutional pricing to a 'LA-based DST equity partner' — property-level sale coverage for the underlying asset of the Starboard Bradley DST.

Multifamily Mason (broker blog) ↗

Picked by sponsor, asset type and state, newest filing first, never by Grade.

More from Starboard Realty Advisors

Offering	Minimum	Offering size	Status	Latest Form D
Makley Place ApartmentsColumbus, OH B0 losses · 4 completed sales	$25,000	$21,310,000	Active	Sep 2, 2025
Elan Park ApartmentsColumbus, OH B0 losses · 4 completed sales	$25,000	$28,100,000	Historical	Apr 24, 2025
Horizon at Ridgeview (formerly The Dylan)Fort Worth, TX B0 losses · 4 completed sales	$25,000	$24,250,000	Historical	Oct 10, 2023

Multifamily offerings in Washington

Offering	Minimum	Offering size	Status	Latest Form D
Springwood LandingVancouver, WA B0 losses · 3 completed sales	$50,000	$29,520,000	Historical	Jul 18, 2023
Fieldstone Grandridge and Fieldstone Memory CareKennewick, WA —	$25,000	$18,860,000	Historical	May 1, 2018

Multifamily offerings

Offering	Minimum	Offering size	Status	Latest Form D
Life Time Living Coral Gables; Left BankCoral Gables, FL NRNo program finished yet	$250,000	$590,648,975	Historical	Oct 15, 2026
NOVEL NonaOrlando, FL NRNo program finished yet	$250,000	$46,256,706	Active	Oct 13, 2026
Union Berkley RiverfrontKansas City, MO NROlder programs, no outcome found	$25,000	$59,873,419	Active	Oct 9, 2026

Show sources (7)Hide sources (7)

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.

The Banks on Bradley

Key facts

Sales so far

What does The Banks on Bradley own?

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

Debt

Costs and terms from the Form D

What are the deal terms?

Your exit

Rent and the bills

Your rights

What does the SEC record show?

SEC Form D filings, newest first

Common questions

In the news

Sources