Strickland
Land parcel in Strickland (Bay County, bordering Panama City), FL · sponsored by Walton Global
Strickland was a DST sponsored by Walton Global that owned a land parcel in Strickland (Bay County, bordering Panama City), FL (465 acres). Its last Form D, filed Aug 11, 2025, reports the offering fully sold.
How it ended
No outcome recorded · under 7 years
The last Form D, filed Aug 11, 2025, reports the offering fully sold.
Key facts
- Minimum investment
- $100,000From the Form D
- Offering size
- $4,460,361Equity offered, per the Form D
- Sold
- 100%Form D, Aug 11, 2025; the % is our arithmetic
- Investors reported
- Form D, Aug 11, 202517
- Selling commissions
- Form D Item 15; the % is our arithmetic$233,122 · 5.2% 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 →
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: Strickland. Top1031 is not a broker-dealer.What did Strickland own?
Walton Global announced this Florida growth land project on March 27, 2025. 2 The tract was agriculturally zoned at launch and, the sponsor said, was expected to be rezoned for residential development — what the Trust holds is raw acreage and a development plan, not an income-producing building. 2 It borders D.R. Horton's Morningside community, with access from Highway 231 and proximity to the Gulf beaches and Northwest Florida Beaches International Airport. 2
- Reported location
- Strickland (Bay County, bordering Panama City), FL
- Property size
- 465 acres; planned ~630 single-family homes
How was it financed, and what did it cost to sell?
No mortgage, lender, or loan terms are reported for this Trust in its Form D filings, and Walton Global presents its DST program as an all-equity land strategy — investor capital rather than borrowed money. Absent reported debt there is no reported lender or refinancing schedule.
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
- $233,122 · 5.2% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $437,918 · 9.8% of offeringForm 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
- 6 named in the Form D
Show the firms
- Alexander Capital, L.P. · CRD 40077
- Arkadios Capital · CRD 282710
- Emerson Equity LLC · CRD 130032
- Great Point Capital LLC · CRD 114203
- Kingswood Capital Partners, LLC · CRD 288898
- Saxony Securities, Inc. · CRD 115547
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Jun 26, 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 Strickland?
Walton Global Holdings, LLC is the sponsor named in the Trust's Form D, and its 1031 offerings package pre-development land rather than leased buildings. 1 The same filing names Strickland Tract Depositor, LLC as depositor and Strickland Tract Keeper, LLC as administrative trustee — the entities that convey the property into the Trust and handle its administration. 1 On July 22, 2025 Walton Global announced an expansion of its DST program with a further Florida growth offering.
- Sponsor
- Offerings on record
What does the SEC record show?
The initial Form D opened the raise at a stated offering amount of $4,330,611. The amendment that followed revised that figure slightly upward and recorded the Trust's first sale as June 26, 2025. 3
- Legal Trust name
- Florida Growth 1 DST
- SEC CIK
- 2061952
- First Form D
- Mar 20, 2025
- Latest Form D
- Aug 11, 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 | $4,460,361was $4,330,611 | $4,460,361+$4,460,361 | 17 | EDGAR | |
| Form D | $4,330,611 | $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 Strickland?
- Strickland is a Historical offering. The last Form D, filed Aug 11, 2025, reports the offering fully sold.
- What does an investor actually own in this Trust?
- A fractional beneficial interest in a Delaware statutory trust that holds 465 acres of land in Strickland, Bay County, Florida, planned for roughly 630 single-family homes. There is no building, no tenant, and no rental income; the asset is acreage and a residential development plan.
- Is there a mortgage on the property?
- None is reported. The Trust's Form D filings do not disclose a lender, loan amount, or loan terms, and Walton Global describes its DST program as an all-equity land strategy. Investors reviewing this should confirm the capital structure in the offering documents.
- What does "Rule 506(c)" mean for this offering?
- 506(c) is the SEC exemption that lets a sponsor advertise a private offering publicly, provided every buyer is an accredited investor — generally someone meeting income or net-worth tests — and the sponsor takes steps to verify that status rather than accepting a self-certification. The Form D reports a $100,000 minimum investment.
- Has the Trust reported a sale, distribution, or 721/UPREIT exit?
- No outcome has been reported. The record shows no full-cycle land sale, no distribution history, and no 721/UPREIT transaction — the exchange of Trust property for operating-partnership units in a REIT. The Trust's filing record also indicates it is not structured to convert to a REIT.
- How would a land Trust like this generate an outcome for investors?
- Per Walton Global's March 27, 2025 launch release, the property was agriculturally zoned and expected to be rezoned for residential development, with approximately 630 single-family homes planned. An outcome would depend on entitlement progress and an eventual sale of land. Neither timing nor price is established by the public record, and no figures are projected here.
- Where do I look for the Trust's current subscription status?
- The sales section of this page carries the latest subscription figures as reported on the Trust's most recent Form D amendment. Only two filings are on record, so nothing more recent than that amendment exists in EDGAR for this Trust.
In the news
Sources
Show sources (7)Hide sources (7)
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.