Top1031

Park 205 Multifamily DST

in Park Ridge, IL · sponsored by Trilogy Real Estate Group

HistoricalA sale in Apr 2025, reported by Business Wire · last Form D Nov 10, 2021businesswire.com (opens in a new tab)

Park 205 Multifamily DST, sponsored by Trilogy Real Estate Group, filed its first Form D with the SEC on Jul 8, 2021 for a $25.3 million offering. A sale in Apr 2025, reported by Business Wire.

How it ended

No outcome recorded · under 7 years

A sale in Apr 2025, reported by Business Wire.

Date
Apr 1, 2025

Source: Business Wire (opens in a new tab)

Key facts

Minimum investment
$25,000
From the Form D
Offering size
$25,397,248
Equity offered, per the Form D
Sold
100%
Form D, Nov 10, 2021; the % is our arithmetic
Investors reported
80
Form D, Nov 10, 2021
Selling commissions
$1,539,227 · 6.0% of offering
Form D Item 15; the % is our arithmetic
Financing
Leveraged. This offering reports mortgage debt on the property.
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: Park 205 Multifamily DST. Top1031 is not a broker-dealer.

What did Park 205 Multifamily DST own?

Reported location
Park Ridge, IL

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

Debt

Financing
Leveraged. This offering reports mortgage debt on the property.

Costs and terms from the Form D

Selling commissions
$1,539,227 · 6.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$3,535,641 · 13.9% of offering
Form D Item 16
· The filing’s note: “Estimate of certain fees, including closing costs, bridge equity fee, acquisition fee, financing fee, asset management fee, and offering and organizational expenses that may accrue to one or more Related Persons.”
Broker-dealers named in the Form D
14 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

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?

Legal Trust name
Park 205 Multifamily DST
SEC CIK
1871459
First Form D
Jul 8, 2021
Latest Form D
Nov 10, 2021
Filings on record
2
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$25,397,248
$25,397,248+$25,397,248
80
EDGAR
Form D$25,397,248
$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 Park 205 Multifamily DST?
Park 205 Multifamily DST is a Historical offering. A sale in Apr 2025, reported by Business Wire.

In the news

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.