Ladera Palms Apartments (now Monarch Pass)
Multifamily property in Fort Worth, TX — sponsored by Thompson National Properties
Files with the SEC as Thompson/Post Ladera Palms, DST
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Thompson/Post Ladera Palms, DST is a Delaware statutory trust — a structure that lets 1031 exchangers hold fractional interests in real estate — organized in Delaware in 2010 to hold Ladera Palms, a Fort Worth garden-style apartment community now operating as Monarch Pass.4 Its Form D record stops in May 2011, never reported as fully subscribed, and no later filing or outcome appears on record.
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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 Trust was formed to hold Ladera Palms, a garden-style apartment community at 4500 Campus Drive in Fort Worth, Texas, which Post Real Estate Group's own case-study materials date to 1984.1 The community now trades under the name Monarch Pass and markets one-, two-, three-, and four-bedroom apartments.2 No public source located an acquisition date or purchase price for the Trust's original buy.
- Reported location
- Fort Worth, TX
- Property size
- 240 units
Who is the tenant, and what's the lease?
Multifamily means no single credit tenant: revenue comes from many short-term residential leases, so day-to-day management rather than one corporate guarantee drives results. Top1031's property record lists BH Management Services as operator, while a RentCafe listing dated August 17, 2026 names Cushman & Wakefield as property manager.3
How did it end?
Sold
The Ladera Palms Apartments at 4500 Campus Drive, Fort Worth, TX (DST sponsor Thompson National Properties, LLC; Form D filed 2011) are no longer operating under that name — the property has been rebranded as 'Monarch Pass' and is listed as CLOSED on Yelp, consistent with a sale taking the DST full cycle, but no sponsor/trade-press announcement naming the Thompson/Post Ladera Palms, DST with equity-multiple/IRR figures was located. [2][3]
Garden-style multifamily community acquired via the Thompson/Post Ladera Palms DST; subsequently renamed Monarch Pass and operated by BH Management Services.
240 unitsWho's behind it?
Thompson National Properties was the 1031 platform founded by Anthony W. Thompson, who signed this Trust's Form D as Managing Member and CEO of the manager.4 The filing names both Thompson National Properties, LLC and Post Investment Group as promoters of the offering, making this a joint sponsorship rather than a solo deal.4 No sponsor development bearing on this Trust was verified in the two years to August 17, 2026.
- Sponsor
- Thompson National Properties
- Legal Trust name
- Thompson/Post Ladera Palms, DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 0 active / 11 total offerings from Thompson National Properties
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The Trust was offered under Rule 506(b) — a private placement sold to accredited investors with no general advertising or public solicitation. Each amendment carried the same offering size and sale totals forward rather than changing terms, and the issuer reported its first sale on January 21, 2011.4 Nothing has been filed since.
- First Form D filedThe public offering record begins.
- Offering amount recordedA Form D amendment recorded offering and sales totals.
- Filing record updatedA later amendment updated the sponsor’s filing record.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Filings on record
- 4
- 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 Ladera Palms Apartments (now Monarch Pass)?
Top1031 lists Ladera Palms Apartments (now Monarch Pass) as historical. It is no longer raising money.
Where does Top1031 get the data for Ladera Palms Apartments (now Monarch Pass)?
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.
Is this Trust still open to new investors?
The public record does not say. The last Form D amendment for Thompson/Post Ladera Palms, DST was filed May 4, 2011, and nothing has been filed since. A Form D is not required to be updated after an offering ends, so an old final amendment leaves the closing date unrecorded. Anyone evaluating this Trust today would need the sponsor's records, not SEC filings.[4]
What property does this Trust relate to?
Ladera Palms, a garden-style apartment community at 4500 Campus Drive in Fort Worth, Texas, which now operates under the name Monarch Pass.[2] Post Real Estate Group's materials identify the same asset as "Ladera Palms (Monarch Pass)" and date the buildings to 1984.[1] Note that the Form D itself does not name the property, so ownership today is not established by the filing.
How much debt is on the property?
Unknown from public sources. A Form D discloses offering mechanics, not the mortgage, and no lender, loan balance, loan-to-value figure, or maturity date for this Trust was located in any public record. The Private Placement Memorandum — the offering document a sponsor gives prospective investors — is the place those terms would be set out.
How many units does the property have?
Sources disagree. Top1031's property record lists 240 units, while Post Real Estate Group's case-study materials describe the same Fort Worth address as an 784-unit community.[1] One plausible explanation is that the Trust held a portion of a larger complex, but no source confirms that. The unit count the Trust actually acquired should be checked in the PPM.
Was there ever a reported outcome for this Trust?
No outcome reported yet. There is no sale announcement, refinancing notice, or wind-up filing on record for Thompson/Post Ladera Palms, DST, and research through August 17, 2026 verified no material property event or entity activity. The Trust's SEC record ends with its May 4, 2011 Form D amendment.[4]
What does 506(b) mean for this offering?
Rule 506(b) is a private-placement exemption: the sponsor may sell to accredited investors — broadly, individuals meeting SEC income or net-worth thresholds — but may not advertise or generally solicit the offering. In practice that means the Trust was marketed through existing broker-dealer and adviser relationships rather than publicly, and no SEC review of the offering's merits occurred.