Full cycle

CF Pearland Multifamily DST Reached Full Cycle Through a Section 721 Roll Into a REIT

Investors' interests in the residential Trust became operating-partnership units, ending the Delaware Statutory Trust (DST) offering 2. 5 years after its first Form D.

Published Updated

CF Pearland Multifamily DST went full cycle on February 1, 2026 through a Section 721 UPREIT roll: the Trust's real property interest was contributed to a REIT in exchange for operating-partnership units, rather than sold on the open market. Cantor Fitzgerald lists the program as completed on its published track record.

Term

As filed

Sponsor

Cantor Fitzgerald

Asset class

Residential

Exemption

506(b)

First Form D

August 9, 2023

Maximum offering amount

$22,025,000

Minimum investment

$250,000

Disposition type

Section 721 UPREIT roll (contribution to a REIT for operating-partnership units)

Hold

2.5 years

The record carries no total return, annualized return, or equity multiple for the Trust. It does not show how many operating-partnership units were issued, how those units were divided among the DST's investors, or the terms on which they may later be redeemed or converted. Nor does it name the REIT that received the contribution.

What the documents establish is the exchange itself, dated and structured: a contribution to a REIT for operating-partnership units, after which what an investor holds is a partnership interest rather than an interest in real property.