Broadway (Oklahoma City)
Other property — sponsored by Syndicated Equities
Files with the SEC as SE BROADWAY (OKLAHOMA CITY), DST
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
SE Broadway (Oklahoma City), DST is a Delaware statutory trust — a structure that lets 1031 exchangers hold fractional interests in real estate — sponsored by Syndicated Equities. It holds a 111,503-square-foot Class A office building at 616 N Broadway Avenue in downtown Oklahoma City.1 The building was built to suit in 2020 as Heartland Payment Systems' corporate headquarters and is net leased to that tenant.3
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These links support the historical public record; individual details may come from different 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 building at 616 N Broadway Avenue was built to suit in 2020 as the corporate headquarters of Heartland Payment Systems.3 Syndicated Equities acquired the 111,503-square-foot Class A office property from Real Capital Solutions in a transaction The Oklahoman reported at $46.97 million on October 6, 2022.1 The sponsor's own project page lists 2022 as the year acquired and the ownership structure as a Delaware statutory trust.2
Who is the tenant, and what's the lease?
Heartland Payment Systems occupies the building as its corporate headquarters under what The Oklahoman described as a long-term, absolute net lease — an arrangement in which the tenant, not the trust, carries taxes, insurance, and maintenance.1 The lease expiration date is not established in public sources.
How did it end?
No sale or other ending on record
JRW Investments' Syndicated Equities sponsor table lists SE Broadway (Oklahoma City), DST as 'Active' (annual cash flow 4.12%, inv. date June 30, 2022), and the property was originally acquired as a 100% net-leased Heartland Payment Systems HQ for $46.97M (AltsWire, Oct 12, 2022).
The visited sponsor directory identifies the marketing name as Broadway (Oklahoma City), but it did not publicly provide an underlying property address, asset type, size, or a verified property image; no dated non-filing news coverage was found.
How is it financed, and what does it pay?
This is a leveraged trust rather than an all-cash one: the purchase was partly funded with loans from Old Second National Bank and Gateway First Bank.3 Loan amounts, the debt terms, and the resulting loan-to-value are not disclosed in the public sources reviewed.
Who's behind it?
Syndicated Equities sponsors the Trust. The Form D names SE Broadway (Oklahoma City) Sponsor, LLC as sponsor and SE Broadway (Oklahoma City) DTA, LLC as the discretionary trust administrator, with Richard Kaplan identified as manager of both entities.4 Trade outlet AltsWire reported the Oklahoma City purchase on October 12, 2022, describing it as a Delaware statutory trust assembled for 1031-exchange investors and accredited cash investors.3
- Sponsor
- Syndicated Equities
- Legal Trust name
- SE BROADWAY (OKLAHOMA CITY), DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 4 active / 10 total offerings from Syndicated Equities
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
A single Form D — the short notice an issuer files with the SEC to claim a private-placement exemption — appears on the record for this Trust, with no amendment or later progress filing located since. The exemption claimed bars general advertising, so participation runs through investors who already have a relationship with the sponsor.
- Form D filedFirst and latest filing on record.
- Filings on record
- 1
- How it may be offered
- Rule 506(b)Not advertised publicly. Offered through existing relationships.
- 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 Broadway (Oklahoma City)?
Top1031 lists Broadway (Oklahoma City) as historical. It is no longer raising money.
Where does Top1031 get the data for Broadway (Oklahoma City)?
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.
What property does this Trust own?
A 111,503-square-foot Class A office building at 616 N Broadway Avenue in downtown Oklahoma City. The Oklahoman reported on October 6, 2022 that Syndicated Equities bought it from Real Capital Solutions in a $46.97 million transaction, and the sponsor's project page lists 2022 as the year acquired.
Who is the tenant?
Heartland Payment Systems, which uses the building as its corporate headquarters. AltsWire reported the property was built to suit for Heartland in 2020 and is 100% net leased to the company; The Oklahoman reported the lease is long-term and absolute net. The expiration date is not publicly established.
Is the offering still open?
The SEC record shows one Form D, filed August 17, 2022, with no later amendment located as of August 24, 2026. A third-party directory page carries inconsistent status labels, so the current offering status is unresolved from public sources and would need to be confirmed with the sponsor.
Does the Trust use mortgage debt?
Yes. AltsWire reported on October 12, 2022 that the acquisition was partly funded with loans from Old Second National Bank and Gateway First Bank. Loan amounts, interest terms, and leverage are not disclosed in the sources reviewed.
Can this Trust convert into a REIT through a 721 exchange?
The record shows no UPREIT or 721 conversion feature — a structure in which DST interests are later contributed to a REIT operating partnership for partnership units. Investors relying on a specific exit path should read the private placement memorandum, the sponsor's full offering document.
What does a Delaware statutory trust ownership interest give me?
A DST interest is a fractional, passive beneficial interest in a trust that owns the real estate. The IRS treats it as a direct property interest for 1031 exchange purposes, but investors have no management role and cannot direct leasing, refinancing, or sale decisions.