The only filing HZ Bellevue DST has on record with the SEC is a Form D dated December 22, 2022. That is the day 865 Bellevue Apartments in Nashville sold. Measured from those two dates, the Delaware Statutory Trust (DST) has no hold period to speak of: first filing and disposition fall on the same day.
The filing names Hamilton Zanze as Sponsor and sets the terms of the raise. It does not name a property.
HZ Bellevue DST, as filed | |
|---|---|
Sponsor | Hamilton Zanze |
Asset class | Residential |
Exemption | 506(b) |
Offering amount | $40,554,000 |
Minimum investment | $25,000 |
No private placement memorandum for the Trust is public, and a Form D carries no performance figures. What the Offering set out for its subscribers, in distributions or in any term beyond those above, cannot be read from the record.
The account of the outcome comes from another party. Cantor Fitzgerald announced the sale on December 22, 2022. Top1031's disposition record, drawn from that release, describes the seller as a Cantor Fitzgerald and Hamilton Zanze joint venture and states the sale was made on behalf of HZ Bellevue DST investors. The release dates the acquisition to March 2019 and describes the hold as approximately three years. No sale price appears in the record before us.
The release, which Blue Vault Partners republished, states two figures for the investors:
Result announced December 22, 2022 | |
|---|---|
Total return | 156%, as reported by the sponsor announcement Cantor Fitzgerald issued that day (release) |
Internal rate of return | 15%, as reported by the sponsor announcement Cantor Fitzgerald issued that day (release) |
Hamilton Zanze is the Sponsor named on the Form D. The announcement came from Cantor Fitzgerald.
In Top1031's data the December 22, 2022 disposition is the first full cycle logged for Hamilton Zanze, with no earlier one recorded. For HZ Bellevue DST, everything on the record about how the property performed sits in a release issued by another party, and everything the Trust itself filed fits on one page.