Top1031

Allen Tract

Land parcel in Greenville, NC · sponsored by Walton Global

HistoricalLast Form D, filed May 6, 2025, reports the offering fully sold (opens in a new tab)

Allen Tract was a DST sponsored by Walton Global that owned a land parcel in Greenville, NC (215 acres). Its last Form D, filed May 6, 2025, reports the offering fully sold.

How it ended

No outcome recorded · under 7 years

The last Form D, filed May 6, 2025, reports the offering fully sold.

Walton Global has 1 active offering on record →

Key facts

Minimum investment
$100,000
From the Form D
Offering size
$2,739,958
Equity offered, per the Form D
Sold
100%
Form D, May 6, 2025; the % is our arithmetic
Investors reported
15
Form D, May 6, 2025
Selling commissions
$135,880 · 4.9% 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.
How it is financed ↓
Offered under
Rule 506(c)
May be advertised publicly. Every buyer’s accredited status must be verified.

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: Allen Tract. Top1031 is not a broker-dealer.

What did Allen Tract own?

The Trust holds raw land in Pitt County, North Carolina, about six miles southwest of downtown Greenville, which Walton Global named the Allen Tract. 1 Nothing is built there: zoning is Rural Residential, with plans to annex into the City of Greenville and rezone to RA-20 for a residential master-planned community. Walton reported sewer service with a public lift station onsite and water secured from Bell Arthur Water Corporation. 1

Reported location
Greenville, NC
Property size
215 acres

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

The Form D covers equity interests only and discloses no mortgage, lender, or loan terms, so the public filings neither confirm nor rule out debt on the land. 3

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
$135,880 · 4.9% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$285,723 · 10.4% of offering
Form D Item 16
· The filing’s note: “Estimate of certain fees and expenses including Acquisition & Sponsor Fee, Management Fees, Marketing & Due Diligence Allowance, Managing Broker-Dealer Fee & Organization & Offering Expenses, which may accrue to one or more related persons.”
Broker-dealers named in the Form D
4 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Mar 28, 2025
Minimum investment
$100,000

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?

Two Form D notices tell the story: the initial filing reported no sales yet, and the amendment reported a first sale on March 28, 2025 and the offering fully subscribed. 2 Rule 506(c) lets a sponsor advertise publicly but requires verifying that every buyer is an accredited investor.

Legal Trust name
North Carolina Growth 2 DST
SEC CIK
2055876
First Form D
Feb 11, 2025
Latest Form D
May 6, 2025
Filings on record
2
Offered under
Rule 506(c)
May be advertised publicly. Every buyer’s accredited status must be verified.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount soldInvestors
Form D/A$2,739,958was $2,769,475
$2,739,958+$2,739,958
15
EDGAR
Form D$2,769,475
$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 Allen Tract?
Allen Tract is a Historical offering. The last Form D, filed May 6, 2025, reports the offering fully sold.
Is there a tenant paying rent?
No. The Trust holds undeveloped land intended for a future residential master-planned community, and the sponsor materials and SEC filings reviewed identify no tenant, operator, or lease. A land DST is a bet on the ground itself rather than on a rent stream.
What is supposed to happen to the land?
Walton Global reported that the tract was zoned Rural Residential in Pitt County and that it planned to seek annexation into the City of Greenville together with a zoning change to RA-20 for residential development. No completed entitlement, sale, or other outcome has been reported in the public record reviewed.
Does the Trust carry a mortgage?
The Form D and its amendment classify the offered securities as equity and disclose no property debt or loan terms. That silence is not confirmation the land is debt-free; the offering documents are where financing terms would be spelled out.
Could this convert into REIT shares through a 721 exchange?
Nothing in the record indicates a 721/UPREIT exit, the structure in which investors contribute their property into a REIT's operating partnership in exchange for units. This is a land trust with no such conversion path disclosed in its filings.

In the news

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.