Full cycle

CF Kacey Multifamily DST Reached Full Cycle on February 1, 2026 Through a Section 721 UPREIT Roll

Investors exchanged trust interests for operating-partnership units in a REIT, a mechanism that hands them an interest in a portfolio rather than cash at closing.

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CF Kacey Multifamily DST reached full cycle on February 1, 2026 through a Section 721 UPREIT roll. Interests in the Delaware Statutory Trust (DST) were contributed to a REIT's operating partnership in exchange for operating-partnership (OP) units. Cantor Fitzgerald lists the offering as a completed program on its published track record.

The offering as originally filed, from its Form D:

Term (as originally filed)

Detail

Sponsor

Cantor Fitzgerald

Asset class as filed

Other Real Estate

Offering ceiling

$29,450,000

Minimum investment

$250,000

Exemption

506(b)

First Form D filing

November 12, 2021

Disposition

Section 721 UPREIT roll (contribution for OP units)

Hold period

4.2 years, first Form D filing to roll

The Form D identifies no property. No return, equity multiple, or disposition value specific to the trust is on the public record.

The record establishes the mechanism and the timing; it does not establish a value. From here, the outcome for investors follows the OP units they hold and the REIT that issued them.