Top1031

Trilogy Riverset Multifamily DST

in Memphis, TN · sponsored by Trilogy Real Estate Group

HistoricalLast Form D filed Dec 29, 2021 (opens in a new tab)

Trilogy Riverset Multifamily DST, sponsored by Trilogy Real Estate Group, filed its first Form D with the SEC on Jul 1, 2020 for a $32.1 million offering. Its last Form D was filed Dec 29, 2021.

How it ended

No outcome recorded · under 7 years

Last Form D filed Dec 29, 2021.

Key facts

Minimum investment
$25,000
From the Form D
Offering size
$32,102,816
Equity offered, per the Form D
Sold
98.0%
Form D, Dec 29, 2021; the % is our arithmetic
Investors reported
85
Form D, Dec 29, 2021
Selling commissions
$1,945,625 · 6.0% of offering
Form D Item 15; the % is our arithmetic
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 →

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Trilogy Riverset Multifamily DST image

Trilogy Riverset Multifamily DST · Memphis, TN · Photo: trilogy-web.transforms.svdcdn.com

What did the Trust own?

Trilogy Riverset Multifamily DST is an apartment offering sponsored by Trilogy Real Estate Group. The trust was organized in Delaware in 2020 as a DST, a structure that lets 1031 exchange investors own a fractional interest in real estate. 1 Its first sale was reported on July 30, 2020, and two later amendments updated the Form D record. 2

Reported location
Memphis, TN

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

Costs and terms from the Form D

Selling commissions
$1,945,625 · 6.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$3,657,080 · 11.3% of offering
Form D Item 16
· The filing’s note: “Estimate of fees including issuer fund formation fee, structuring fee, financing fee, loan processing fee, reimbursement of acquisition and financing costs and offering and organizational expenses that may accrue to 1 or more Related Persons.”
Broker-dealers named in the Form D
19 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Jul 30, 2020
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 gave notice of its offering on a Form D, the brief notice an issuer files when it sells securities privately instead of registering them, then amended that notice twice. The interests were offered privately, without public advertising, to accredited investors who meet SEC income or net worth tests.

Legal Trust name
Trilogy Riverset Multifamily DST
SEC CIK
1816268
First Form D
Jul 1, 2020
Latest Form D
Dec 29, 2021
Filings on record
3
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$32,102,816
$31,462,916−$369,371
85
EDGAR
Form D/A$32,102,816
$31,832,287+$31,832,287
85
EDGAR
Form D$32,102,816
$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 Trilogy Riverset Multifamily DST?
Trilogy Riverset Multifamily DST is a Historical offering. Last Form D filed Dec 29, 2021.
What is Trilogy Riverset Multifamily DST?
It is a Delaware business trust organized in 2020 that raised money from investors under a private offering, according to its Form D filings with the SEC. Its name identifies it as a multifamily, or apartment, offering. A DST, or Delaware statutory trust, holds real estate and sells fractional beneficial interests that can qualify for a 1031 exchange.
Who sponsors the trust?
Trilogy Real Estate Group LLC is identified as the sponsor in the trust's Form D amendment filed with the SEC on December 28, 2021. The sponsor is the firm that forms the trust, acquires the property and brings the offering to investors.
When did the offering begin?
The first Form D was filed on July 1, 2020, and the trust reported July 30, 2020 as the date of its first sale of interests. Two amendments followed, filed on November 9, 2021 and December 29, 2021.
How was the offering sold?
It was sold as a private placement under Rule 506(b), which permits sales to accredited investors but bars general advertising or public solicitation. The December 28, 2021 amendment stated a $25,000 minimum investment from an outside investor.
Has a completed outcome been reported?
No outcome has been reported for this trust. The filings on record are the original Form D and its two amendments, which cover the offering itself rather than any sale, refinancing or wind-up of the underlying real estate.

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.