Talk to a 1031 specialistData updated Apr 22, 2026
Offering size$22.2M
Asset typeNet Lease
LocationGlendale, WI
FinancingNot disclosed
Regulation D exemptionRule 506(b)
Sponsor-reported potential 721/UPREIT exitNo
First filedApr 22, 2026
Last filedApr 22, 2026
Minimum$1k
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.
SE JCI (Glendale), DST is a Delaware Statutory Trust sponsored by Syndicated Equities and organized around a single-tenant engineering and lab facility in Glendale, Wisconsin. The property is the Johnson Controls Innovation Center–Warren Johnson Engineering Lab, a roughly 109,000-square-foot building leased long-term to Johnson Controls and housing about 250 employees. Its April 22, 2026 Form D reported a $22.23 million offering with about $2.68 million sold as of that filing. Developed by Weas Development and completed in late 2024, the facility sits across from Johnson Controls' existing Glendale campus and supports OpenBlue, building automation, and materials-testing work.
Bought $45.4M 4/26 from Weas Dev; tenant Johnson Controls (~250 staff); built 2024; LEED+WELL Gold; $2.7M/$22.2M sold
109k SFBased on issuer-filed Form D notices through Apr 22, 2026. Amounts are self-reported, may lag current subscriptions, and do not confirm availability. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Reported sold as a percentage of stated offering amount12.0%
Not enough filing history for a trend line.
Capital sold, per latest Form D$2,675,000
Remaining amount reported in latest Form D$19,555,000
Investor count reported in latest Form D7
Stated minimum investment$1,000
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First filedApr 22, 2026
Latest filingApr 22, 2026
Filings tracked1
View filing on SEC EDGARForm D is an issuer notice filing. A filing does not mean the SEC approved, endorsed, or verified the offering.
Offering profile
SEC filings + cited sources
Underlying property and tenant
The trust is organized around the Johnson Controls Innovation Center–Warren Johnson Engineering Lab in Glendale, Wisconsin. Johnson Controls opened the facility on October 28, 2024; the roughly 109,000-square-foot building houses about 250 employees working on OpenBlue, hardware and software engineering, Building Automation Systems & Controls, and materials testing, located across from the company's existing Glendale campus. 2 The building was developed and owned by Weas Development and completed in late 2024 with Johnson Controls as tenant under a long-term lease; the project team included Mortenson Construction, Eppstein Uhen Architects, and CBRE. 4
Sponsor
Syndicated Equities is a private real estate investment firm founded in 1986 by Richard Kaplan that reports investing in more than $2 billion of institutional-quality real estate for accredited and 1031 exchange investors, structuring offerings as Delaware Statutory Trusts or Tenancy-In-Common arrangements. 3 Syndicated Equities' Winter 2026 newsletter described the Glendale Johnson Controls engineering lab and innovation center as a property projected to close in April 2026. 5
Offering
The issuer's Form D, filed April 22, 2026, reported a total offering amount of $22,230,000 with $2,675,000 sold as of the filing date. These are issuer-filed figures as of that date and do not by themselves establish current availability. 1
In the news
Frequently asked questions
Is SE JCI (Glendale), DST currently active?
SE JCI (Glendale), DST is classified by Top1031 as active. “Active” reflects the latest public record and does not confirm that interests remain available.
Where does Top1031 get the data for SE JCI (Glendale), DST?
Top1031 tracks this offering from SEC Form D filings and cited sponsor disclosures. Filing data may lag current subscriptions and does not mean the SEC approved or verified the offering.