The Canyons at 45 West (now The Eddison)
Multifamily property in Amarillo, TX · sponsored by Thompson National Properties
The Canyons at 45 West (now The Eddison) was a DST sponsored by Thompson National Properties that owned a multifamily property in Amarillo, TX (328 units). Its last Form D, filed Feb 22, 2013, reports the offering fully sold.
How it ended
The last Form D, filed Feb 22, 2013, reports the offering fully sold.
Key facts
- Minimum investment
- $25,000From the Form D
- Offering size
- $8,240,000Equity offered, per the Form D
- Sold
- 100%Form D, Feb 22, 2013; the % is our arithmetic
- Investors reported
- Form D, Feb 22, 201353
- Selling commissions
- Form D Item 15; the % is our arithmetic$769,000 · 9.3% of offering
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.How it is financed ↓
- 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: The Canyons at 45 West (now The Eddison). Top1031 is not a broker-dealer.What did the Trust own?
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)
How was it financed, and what did it cost to sell?
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 offering documents would carry those terms.
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
- $769,000 · 9.3% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $354,500 · 4.3% of offeringForm D Item 16
- Broker-dealers named in the Form D
- 11 named in the Form D
Show the firms
- Allied Beacon Partners, Inc. · CRD 46227
- Centaurus Financial, Inc. · CRD 30833
- Concorde Investment Services, LLC · CRD 151604
- Crown Capital Securities, L.P. · CRD 6312
- Great Nation Investment Corporation · CRD 19981
- Independent Financial Group, LLC · CRD 7717
- Investment Security Corporation · CRD 47536
- J.P. Turner & Company, L.L.C. · CRD 43177
- Pacific West Securities, Inc. · CRD 6390
- Sandlapper Securities, LLC · CRD 137906
- Western International Securities, Inc. · CRD 39262
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Dec 16, 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.
Who's behind the Trust?
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
- Offerings on record
What does the SEC record show?
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.
- Legal Trust name
- Thompson/Post Canyons At West 45th Ave, DST
- SEC CIK
- 1532020
- First Form D
- Oct 12, 2011
- Latest Form D
- Feb 22, 2013
- Filings on record
- 3
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D/A | $8,240,000was $6,550,000 | $8,240,000+$4,711,284 | 53+31 | EDGAR | |
| Form D/A | $6,550,000 | $3,528,716+$3,528,716 | 22 | EDGAR | |
| Form D | $6,550,000 | $0 | 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 The Canyons at 45 West (now The Eddison)?
- The Canyons at 45 West (now The Eddison) is a Historical offering. The last Form D, filed Feb 22, 2013, reports the offering fully sold.
- 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 offering documents and the Trust's loan documents are the only places those terms are settled.
- 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 offering documents and any regulatory agreement would state which restrictions apply and for how long.
Sources
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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.