Top1031

Ladera Palms Apartments (now Monarch Pass)

Multifamily property in Fort Worth, TX · sponsored by Thompson National Properties

HistoricalA sale, reported by yelp.com · last Form D May 4, 2011yelp.com (opens in a new tab)

Ladera Palms Apartments (now Monarch Pass) was a DST sponsored by Thompson National Properties that owned a multifamily property in Fort Worth, TX (240 units). A sale, reported by yelp.com.

How it ended

No public outcome found

A sale, reported by yelp.com.

Source: yelp.com (opens in a new tab)

Key facts

Minimum investment
$25,000
From the Form D
Offering size
$7,270,000
Equity offered, per the Form D
Sold
10.4%
Form D, May 4, 2011; the % is our arithmetic
Investors reported
5
Form D, May 4, 2011
Selling commissions
$508,900 · 7.0% of offering
Form D Item 15; the % is our arithmetic
Financing
Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
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: Ladera Palms Apartments (now Monarch Pass). Top1031 is not a broker-dealer.

What did the Trust own?

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

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

Debt

Financing
Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.

Costs and terms from the Form D

Selling commissions
$508,900 · 7.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$345,300 · 4.7% of offering
Form D Item 16
Broker-dealers named in the Form D
6 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Jan 21, 2011
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 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.

Legal Trust name
Thompson/Post Ladera Palms, DST
SEC CIK
1510979
First Form D
Feb 4, 2011
Latest Form D
May 4, 2011
Filings on record
4
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$7,270,000
$758,149
5+1
EDGAR
Form D/A$7,270,000
$758,149
4
EDGAR
Form D/A$7,270,000
$758,149
4
EDGAR
Form D$7,270,000
$758,149
4
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 Ladera Palms Apartments (now Monarch Pass)?
Ladera Palms Apartments (now Monarch Pass) is a Historical offering. A sale, reported by yelp.com.
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. Post Real Estate Group's materials identify the same asset as "Ladera Palms (Monarch Pass)" and date the buildings to 1984. 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 offering documents are 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. 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 offering documents.

Sources

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.