The Canyons at 45 West (now The Eddison)
Multifamily property in Amarillo, TX — sponsored by Thompson National Properties
Files with the SEC as Thompson/Post Canyons At West 45th Ave, DST
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
The Canyons at 45 West — now marketed as The Eddison — is a Delaware Statutory Trust, the structure that lets 1031 exchange investors hold fractional interests in real estate. Thompson National Properties sponsored it, and public property pages point to an apartment community at 4101 SW 45th Ave in Amarillo, Texas.1 The Trust is closed to new investors; its last Form D amendment came in February 2013.
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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?
Public property pages identify 4101 SW 45th Ave in Amarillo, Texas as The Eddison, formerly The Canyons at 45 West, and Post Real Estate Group's portfolio map gives the build year as 1971.2 Affordable Housing Hub lists the property as low-income housing with a mix of one-, two-, and three-bedroom apartments. No public record reviewed states outright that this Trust owns that address, so the match rests on the shared name and 45th Avenue location.
- Reported location
- Amarillo, TX
- Property size
- 328 units (136 one-bedroom, 176 two-bedroom, and 16 three-bedroom)
Who is the tenant, and what's the lease?
An apartment property has no single tenant: income comes from many short-term resident leases that reprice as they roll, rather than from one corporate lease. The Eddison's leasing site states that TAM Residential manages the property today.1
How did it end?
No ending on record
The trust's sole asset — the 328-unit apartment property at 4101 W/SW 45th Ave, Amarillo, TX 79109 (formerly branded 'Canyons at 45 West') — was transferred out of the DST and is now owned and operated directly by Post Investment Group via its Post Real Estate Group arm, which explicitly lists 'Canyons at 45 West (Eddison)' in its portfolio and has rebranded the community as 'The Eddison'; no sponsor-issued full-cycle press release naming sale date, equity multiple, IRR, hold years, or sale price was located (sources: postregroup.com portfolio, eddisonapts.com, SEC EDGAR CIK 1532020, bankruptcyobserver.com case 19-13728).
Public property pages identify 4101 SW 45th Ave as The Eddison and formerly The Canyons at 45 West; Affordable Housing Hub reports 328 low-income units in a 136 one-bedroom, 176 two-bedroom, and 16 three-bedroom mix. No qualifying dated news article naming the DST or confirming a subscription, sale, or closing was found.
328 units (136 one-bedroom, 176 two-bedroom, and 16 three-bedroom)How is it financed, and what does it pay?
Nothing in the Form D record states whether the Trust used mortgage debt or bought all cash; no lender, loan amount, or maturity appears in any public filing reviewed. The private placement memorandum — the offering's core disclosure document — would carry those terms.
Who's behind it?
Thompson National Properties, LLC sponsored the Trust from 1900 Main Street in Irvine, California, with Talle Voorhies signing as executive vice president.4 The "Post" in the legal Trust name points to Post Real Estate Group, whose portfolio map still listed Canyons at 45 West (Eddison) as of August 2026.2 No dated news reviewed names this Trust or reports a sale, refinancing, or closing of the property.
- Sponsor
- Thompson National Properties
- Legal Trust name
- Thompson/Post Canyons At West 45th Ave, 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 original October 2011 Form D put the offering at $6,550,000; a December 2011 amendment reported the first investors, and a February 2013 amendment raised the stated total.3 Sales began December 16, 2011.5 The Trust was sold privately, without public advertising, to accredited investors — those meeting SEC income or net-worth tests.
- First Form D filedThe public offering record begins.
- Offering amount recordedA Form D amendment recorded offering and sales totals.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Filings on record
- 3
- 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 The Canyons at 45 West (now The Eddison)?
Top1031 lists The Canyons at 45 West (now The Eddison) as historical. It is no longer raising money.
Where does Top1031 get the data for The Canyons at 45 West (now The Eddison)?
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.
Can I still invest in this Trust?
No. It is closed to new investors — the Form D record ends with an amendment filed February 22, 2013, and a DST offering does not reopen once its raise ends. Existing interests can only change hands privately; there is no public market for DST interests.
What property sits behind this Trust?
Public property pages and Post Real Estate Group's portfolio map point to a 328-unit apartment community at 4101 SW 45th Ave in Amarillo, Texas, marketed today as The Eddison and formerly as The Canyons at 45 West. No primary record reviewed states outright that this Trust holds that address, so treat the match as well supported but not confirmed.
Did the Trust use mortgage debt?
Unknown from public filings. A Form D reports the securities offering, not the real estate: it discloses no mortgage, lender, loan-to-value, or maturity. The private placement memorandum and the Trust's loan documents are the only places those terms are settled.
Has the property been sold or the Trust wound up?
No sale, refinancing, or dissolution has been reported in any dated source reviewed, so there is no outcome on record. Post Real Estate Group's site still listed the property in August 2026, and The Eddison's leasing site names TAM Residential as manager — neither establishes current ownership or what happened to investors.
What does the "Thompson/Post" in the legal name mean?
The legal Trust name is Thompson/Post Canyons At West 45th Ave, DST. The Form D names Thompson National Properties, LLC of Irvine, California as sponsor, and Post Real Estate Group lists the same Amarillo property on its own portfolio map — pointing to a joint arrangement that no reviewed filing spells out.
Is this affordable housing?
Affordable Housing Hub lists the property as low-income housing across one-, two-, and three-bedroom floor plans. Programs of that kind carry rent and income restrictions plus a compliance period; the PPM and any regulatory agreement would state which restrictions apply and for how long.