Springhaven Master Plan
Land parcel in Gastonia, NC · sponsored by Walton Global
Springhaven Master Plan was a DST sponsored by Walton Global that owned a land parcel in Gastonia, NC (72 acres). Its last Form D, filed Jul 30, 2024, reports the offering fully sold.
How it ended
No outcome recorded · under 7 years
The last Form D, filed Jul 30, 2024, reports the offering fully sold.
Key facts
- Minimum investment
- $25,000From the Form D
- Offering size
- $2,419,985Equity offered, per the Form D
- Sold
- 100%Form D, Jul 30, 2024; the % is our arithmetic
- Investors reported
- Form D, Jul 30, 202414
- Selling commissions
- Form D Item 15; the % is our arithmetic$110,874 · 4.5% 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: Springhaven Master Plan. Top1031 is not a broker-dealer.What did Springhaven Master Plan own?
Springhaven Master Plan is a tract of residential land in Gastonia, Gaston County, about 20 minutes from uptown Charlotte by way of I-85 and US Highway 321. Walton Global's February 6, 2024 launch release identifies it as the asset behind this Trust. 1 Nothing is built on it — this is pre-development land, and the public record does not establish when it was acquired, from whom, or at what price.
- Reported location
- Gastonia, NC
- Property size
- 72 acres (pre-approved for 103 single-family lots)
How was it financed, and what did it cost to sell?
The Form D amendment lists only equity as the security offered and discloses no property-level debt, so the filings do not establish whether the land carries a mortgage. 3 Walton Global has described its DST strategy as focused on all-equity growth opportunities — a statement about approach, not proof the parcel is unencumbered. 2
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
- $110,874 · 4.5% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $269,687 · 11.1% 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
- 4 named in the Form D
Show the firms
- Emerson Equity LLC · CRD 130032
- Great Point Capital LLC · CRD 114203
- Innovation Partners LLC · CRD 146344
- Lightpath Capital, Inc. · CRD 34617
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Mar 8, 2024
- 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.
Who's behind Springhaven Master Plan?
Walton Global, named in the Form D amendment as Walton Global Holdings, LLC, sponsors land-based 1031 offerings rather than income-producing buildings. 3 On May 6, 2024 the firm announced the purchase of a separate 143-acre parcel, Springhaven II, inside the same Springhaven master planned community in Gastonia; Charlotte Business Journal covered that deal on May 14, 2024. The public record does not tie those 143 acres to this Trust's holding.
- Sponsor
- Offerings on record
What does the SEC record show?
The Offering used the general-solicitation exemption, meaning Walton Global could market it publicly but had to verify each buyer's accredited status instead of accepting self-certification. The lone amendment updated the original notice, recording a first sale on March 8, 2024 and reporting the raise complete. 3
- Legal Trust name
- North Carolina Growth 1 DST
- SEC CIK
- 2008553
- First Form D
- Jan 18, 2024
- Latest Form D
- Jul 30, 2024
- 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 | $2,419,985 | $2,419,985+$2,419,985 | 14 | EDGAR | |
| Form D | $2,419,985 | $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 Springhaven Master Plan?
- Springhaven Master Plan is a Historical offering. The last Form D, filed Jul 30, 2024, reports the offering fully sold.
- What does this Trust actually own?
- A 72-acre residential land site in Gastonia, Gaston County, North Carolina, marketed by Walton Global as the Springhaven Master Plan. Sponsor materials from February 6, 2024 describe the acreage as pre-approved for 103 single-family lots. There is no building on the site.
- Is there rental income or a tenant?
- No. This is undeveloped land, and neither the SEC filings nor the sponsor materials reviewed identify a tenant, lease, operator, or builder agreement. The Form D filings state no distribution terms of any kind.
- Is the property leveraged?
- Unknown from public sources. The Form D amendment identifies equity as the type of security offered and does not select debt, and it does not disclose any mortgage, loan terms, or loan-to-value on the land. Walton Global has separately described its DST strategy as focused on all-equity growth opportunities.
- What was the minimum investment?
- $25,000, as reported in both the original Form D signed January 18, 2024 and the amendment signed July 30, 2024. Investors had to be accredited — broadly, meeting SEC income or net-worth thresholds — and under this exemption their status had to be verified by the sponsor.
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.