Indian Point
Land parcel in Felton, DE · sponsored by Walton Global
Indian Point was a DST sponsored by Walton Global that owned a land parcel in Felton, DE (128 acres). Its last Form D, filed Apr 21, 2025, reports the offering fully sold.
How it ended
No outcome recorded · under 7 years
The last Form D, filed Apr 21, 2025, reports the offering fully sold.
Key facts
- Minimum investment
- $100,000From the Form D
- Offering size
- $4,999,230Equity offered, per the Form D
- Sold
- 100%Form D, Apr 21, 2025; the % is our arithmetic
- Investors reported
- Form D, Apr 21, 202531
- Selling commissions
- Form D Item 15; the % is our arithmetic$242,622 · 4.8% 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(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: Indian Point. Top1031 is not a broker-dealer.What did Indian Point own?
Walton Global assembled this tract in Felton, in Kent County, Delaware, and announced the DST in August 2024. 2 The acquisition closed that same month, and the ground is zoned for residential development. 1 It is raw land planned for future single-family homesites rather than a standing building, and it was the first Delaware property in Walton's DST program. 4
- Reported location
- Felton, DE
- Property size
- 128 acres (~525 single-family lots)
How was it financed, and what did it cost to sell?
The public record is silent on how the land is capitalized. Neither Form D filing nor Walton's announcements state whether the Trust carries mortgage debt, so leverage here is unknown from filings alone.
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
- $242,622 · 4.8% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $651,183 · 13.0% of offeringForm D Item 16· The filing’s note: “Estimate of certain fees and expenses including Acquisition and Sponsor Fee, Management Fees, Marketing and 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
- 5 named in the Form D
Show the firms
- 1031 Securities Inc. · CRD 326590
- Emerson Equity LLC · CRD 130032
- Great Point Capital LLC · CRD 114203
- Innovation Partners LLC · CRD 146344
- Wealthforge Securities, LLC · CRD 152550
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Aug 16, 2024
- 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 Indian Point?
Walton Global Holdings, LLC is a land-focused sponsor whose DST program buys pre-development ground rather than income-producing buildings. 1 Indian Point was the first Delaware property in that program. 4 On May 13, 2025 Walton announced Delaware Growth 2, an approximately 131-acre residential site it described as its second Delaware-based DST. 4
- Sponsor
- Offerings on record
What does the SEC record show?
Walton filed an initial Form D — the short SEC notice that accompanies a private placement — at launch, then a single amendment updating the offering's figures; that amendment reports a first sale on August 16, 2024. 3 Purchasers had to be verified accredited investors under the SEC's income or net-worth tests.
- Legal Trust name
- Delaware Growth 1 DST
- SEC CIK
- 2033244
- First Form D
- Aug 8, 2024
- Latest Form D
- Apr 21, 2025
- Filings on record
- 2
- 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/A | $4,999,230was $5,066,118 | $4,999,230+$4,999,230 | 31 | EDGAR | |
| Form D | $5,066,118 | $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 Indian Point?
- Indian Point is a Historical offering. The last Form D, filed Apr 21, 2025, reports the offering fully sold.
- What was the minimum investment?
- The Form D amendment filed April 21, 2025 reports the minimum investment accepted from an outside investor as $100,000. As with any DST, participation was limited to accredited investors — individuals or entities meeting the SEC's income or net-worth thresholds.
- Does this Trust produce rental income?
- Nothing in the public record says so. Indian Point is undeveloped land zoned for residential development, and no tenant, lease, or distribution arrangement is identified in the Form D filings or Walton's announcements. An investor would need the offering documents for the actual cash-flow terms.
- Has there been a sale, a distribution, or a 721/UPREIT exit?
- No outcome has been reported. There is no public record of a full-cycle sale, a distribution, or a 721 exchange (a swap of DST interests for operating-partnership units in a REIT), and the Trust's data record shows no REIT conversion feature.
- How is Indian Point different from Walton's Delaware Growth 2?
- They are separate trusts with separate SEC filings. Indian Point is Delaware Growth 1 DST, announced in August 2024 in Felton. Delaware Growth 2 is a later, roughly 131-acre residential land offering that Walton announced on May 13, 2025 and described as its second Delaware-based DST.
- What does the 128-acre figure represent?
- It is the sponsor's stated land area for the Felton site, zoned for residential development. Coverage of the launch cited differing estimates of how many homesites the acreage could support, so the lot count should be treated as a planning estimate rather than an entitlement, and confirmed in the offering documents.
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.