Reese
Land parcel in Rhome, TX · sponsored by Walton Global
Reese was a DST sponsored by Walton Global that owned a land parcel in Rhome, TX (129.90 acres). Its last Form D was filed Apr 10, 2024.
How it ended
No outcome recorded · under 7 years
Last Form D filed Apr 10, 2024.
Key facts
- Minimum investment
- $25,000From the Form D
- Offering size
- $4,715,526Equity offered, per the Form D
- Sold
- Not reported after the first Form D (Apr 10, 2024)Form D, Apr 10, 2024
- Selling commissions
- Form D Item 15; the % is our arithmetic$282,932 · 6.0% 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: Reese. Top1031 is not a broker-dealer.What did Reese own?
Reese is raw land, not a building: an agriculturally zoned parcel inside Rhome's extraterritorial jurisdiction — land outside city limits but still subject to some municipal control — in Wise County, within the Dallas–Fort Worth metroplex. 2 Walton Global's master plan page designates the land residential low-density and lists 108 acres, fewer than the acreage in its May 1, 2024 offering announcement, and the two figures are not reconciled. 3 No completed development has been recorded on the site.
- Reported location
- Rhome, TX
- Property size
- 129.90 acres (~390 homesites planned)
How was it financed, and what did it cost to sell?
Walton Global's April 2024 Form D offered equity interests and did not identify debt securities. 1 No property-level lender or mortgage for the parcel appears in the public record, and whether the Trust used any borrowing is not established.
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
- $282,932 · 6.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $678,465 · 14.3% 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
- 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
- Not in the Form D
- 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.
Who's behind Reese?
Walton Global is a land investment manager that acquires and holds pre-development land in North American growth corridors and syndicates parcels to 1031 exchange investors through a land-focused Growth DST program it announced in March 2023. 4 On January 16, 2024 the sponsor said it intended to launch five to seven similar programs during the year, following the close of its Georgia Growth 1 DST. 5 The Form D names Reese Depositor, LLC as depositor and Reese Keeper, LLC as administrative trustee. 1
- Sponsor
- Offerings on record
What does the SEC record show?
A single Form D is the Trust's entire SEC record, signed by Senior Vice President Todd Woodhead, and it stated that the first sale had not yet occurred. 1 No amendment, closing, or termination filing has surfaced since. Rule 506(c) lets a sponsor advertise the offering publicly but requires each investor's accredited status to be verified.
- Legal Trust name
- Texas Growth 1 DST
- SEC CIK
- 2019115
- First Form D
- Apr 10, 2024
- Latest Form D
- Apr 10, 2024
- 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 | Filing on SEC EDGAR |
|---|---|---|---|---|
| Form D | $4,715,526 | $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 Reese?
- Reese is a Historical offering. Last Form D filed Apr 10, 2024.
- What does it mean to own raw land through a DST?
- There is no tenant, no lease, and no building, so the Trust has no rental operations. With pre-development land, an investor's outcome depends on what eventually happens to the parcel — entitlement, sale to a builder, or continued holding — rather than on monthly rent from an occupant. The offering documents, not this page, govern how and when proceeds would be distributed.
- Is the parcel 108 acres or about 130 acres?
- Both figures come from Walton Global. Its May 1, 2024 launch announcement described 129.90 acres in the extraterritorial jurisdiction of Rhome, Texas, while its current Reese Master Plan page lists 108 acres for the same property. The sponsor has not published a reconciliation of the two numbers.
- What is the minimum investment?
- The Form D reported a minimum outside investment of $25,000. Interests are offered only to accredited investors — individuals or entities meeting SEC income, net worth, or professional criteria — and under Rule 506(c) that status must be verified rather than self-certified.
- Could this Trust convert into a REIT?
- The record shows no 721/UPREIT exit path — the mechanism by which some DSTs contribute their property to a REIT in exchange for operating-partnership units. Walton Global's Growth DST structure holds land directly, and nothing in the filings indicates a planned REIT conversion.
- Who is behind the Trust besides Walton Global?
- The April 10, 2024 Form D identifies Walton Global Holdings, LLC as sponsor, Reese Depositor, LLC as depositor, and Reese Keeper, LLC as administrative trustee. The filing was signed by Todd Woodhead, Senior Vice President.
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.