Delaware Growth 2 - Dupont DST
Pre-development land parcel in Felton, DE · sponsored by Walton Global
Delaware Growth 2 - Dupont DST was a DST sponsored by Walton Global that owned a pre-development land parcel in Felton, DE (about 131 acres). Its last Form D was filed Jul 9, 2025.
How it ended
No outcome recorded · under 7 years
Last Form D filed Jul 9, 2025.
Key facts
- Minimum investment
- $100,000From the Form D
- Offering size
- $4,712,373Equity offered, per the Form D
- Sold
- 3.1%Form D, Jul 9, 2025; the % is our arithmetic
- Investors reported
- Form D, Jul 9, 20253
- Selling commissions
- Form D Item 15; the % is our arithmetic$282,742 · 5.9% of offering
- Financing
- All cash. This offering reports no 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 →
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Ask a 1031 specialist about this recordFree. About: Delaware Growth 2 - Dupont DST. Top1031 is not a broker-dealer.Delaware Growth 2 - Dupont DST · Felton, DE · Photo: walton.com
What did Delaware Growth 2 - Dupont DST own?
This is farmland, not a building. Walton Global announced the offering on May 13, 2025, describing Kent County ground currently zoned for agricultural use and designated for future residential development. 1 No deed, parcel identification number, or acquisition price matched to this Trust appears in the reviewed public record, and an SEC first-sale date is not evidence that title has changed hands.
- Property address
- Near Dupont Highway and Road 240, Felton, DE
- Property size
- ~131 acres
How was it financed, and what did it cost to sell?
The reviewed public record does not resolve whether property-level debt sits on this land: no lender, loan amount, or maturity for this Trust was located. A Form D reports the securities being sold and does not settle the mortgage question; the offering documents do. 2
Debt
- Financing
- All cash. This offering reports no mortgage debt.
Costs and terms from the Form D
- Selling commissions
- $282,742 · 5.9% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $501,822 · 10.6% of offeringForm D Item 16· The filing’s note: “Estimate of certain fees and expenses including Acquisition and Sponsor Fee, Asset Management Fees, Marketing & Due Diligence Allowance, Managing Broker-Dealer Fee and Organization & Offering Expenses, which may accrue to one or more related persons.”
- Broker-dealers named in the Form D
- 1 named in the Form D
Show the firms
- Emerson Equity LLC · CRD 130032
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Jun 3, 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.
Who's behind Delaware Growth 2 - Dupont DST?
The Trust's Form D names Walton Global Holdings, LLC as sponsor. 2 Walton is a land-focused firm whose business is assembling and holding pre-development land ahead of homebuilders rather than operating leased buildings, and this is its eighth DST, launched in May 2025. On May 11, 2026, Walton Global announced that it had distributed more than $3 billion to investors across its platform.
- Sponsor
- Offerings on record
What does the SEC record show?
A Form D is the issuer's own notice of an exempt offering; the SEC does not review it for accuracy or approve the deal. 2 The exemption marked here lets the Trust advertise publicly but requires it to verify that every buyer is an accredited investor — someone who qualifies by income or net worth. 2
- Legal Trust name
- Delaware Growth 2 DST
- SEC CIK
- 2076090
- First Form D
- Jul 9, 2025
- Latest Form D
- Jul 9, 2025
- Filings on record
- 1
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D | $4,712,373 | $150,000 | 3 | 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 Delaware Growth 2 - Dupont DST?
- Delaware Growth 2 - Dupont DST is a Historical offering. Last Form D filed Jul 9, 2025.
- What am I actually buying here?
- A fractional beneficial interest in a Delaware statutory trust that owns unimproved, pre-development land in Kent County, Delaware, near Dupont Highway (US-13) and Road 240 outside Felton. Walton Global's May 13, 2025 announcement says the ground is currently zoned for agricultural use and is designated for residential development. There is no building, no tenant, and no lease — the asset is the land itself.
- Has the Trust actually acquired the land?
- The reviewed public record does not establish it. No deed, parcel identification number, or recorded title document matched to this Trust was located as of the October 3, 2026 review, and the July 9, 2025 Form D is a securities notice rather than evidence of a real-estate closing. Ask the sponsor or your representative for closing status and confirm it in the offering documents.
- Is there a mortgage on the land?
- Unresolved in the reviewed public record. No lender, loan amount, or loan document for this Trust was located as of the October 3, 2026 review, and a Form D reports securities sold without settling property-level debt. Treat the debt question as open and confirm it in the offering documents before relying on any characterization of leverage.
- Does raw land produce regular distributions?
- Nothing in the reviewed public record establishes a distribution for this Trust. There is no tenant and no lease, so there is no rent.
- How long is the money expected to be tied up?
- Walton Global's May 13, 2025 launch release states an anticipated hold of three to six years. That is the sponsor's stated expectation at launch, not a commitment, and land timelines turn on entitlement, permitting, and homebuilder demand. The offering documents govern hold, extension, and disposition terms.
In the news
Sources
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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.