CU
Cunat
DST Sponsor · SEC filing history and documented Program outcomes
Website not on recordPrograms on record9
First filed2019
Active offerings0
Sponsor-reported, from SEC filings and cited sources.
What is on this sponsor’s Record Card?
Top1031 Sponsor Record Card
How this letter was decidedCunat
NR
NR · Not rated
1 completed sale; 0 losses or impairments; 1 counted Program. Fewer than three counted Programs. NR is not a failing grade. A letter needs 3 counted outcomes or 3 documented sales.
Completed sales 1Losses or impairments 0Counted Programs 1
- Programs found in SEC fundraising filings (Form D)
- 9
- Share of programs over 3 years old whose status we confirmed
- 17%
Which Programs are on the record?
A Program is one filing-level offering record associated with this Sponsor. Results are public and stay next to their source.
ProgramSponsor-stated resultCounted as
Cunat Exchange IX DSTFirst filed 2025No public evidence of sale, disposition, UPREIT conversion, or foreclosure; SEC EDGAR shows only Form D (Aug 26, 2025) and Form D/A (Mar 2, 2026) equity-raise filings (no 8-K/10-K/10-Q/25-NSE), JRW Investments' Cunat sponsor page lists the trust as Active in its Full Cycle column, and the trust is far too recently raised to be at Cunat's ~7-10 year projected hold end (per Cunat Exchange I). Source
No outcome recorded · under 7 yearsDocument
Cunat Exchange VIII DSTFirst filed 2025No public evidence of sale, disposition, UPREIT conversion, or foreclosure; SEC EDGAR shows only Form D (Aug 26, 2025) and Form D/A (Mar 2, 2026, $18.99M sold, 52 investors) equity-raise filings (no 8-K/10-K/10-Q/25-NSE), JRW Investments' Cunat sponsor page lists the trust as Active in its Full Cycle column, and the trust is far too recently raised to be at Cunat's ~7-10 year projected hold end. Source
No outcome recorded · under 7 yearsDocument
Cunat Exchange VI DSTFirst filed 2023No sponsor-stated result on record Source
No outcome recorded · under 7 yearsDocument
Cunat Exchange VII DSTFirst filed 2023No public evidence of sale, disposition, UPREIT conversion, or foreclosure; SEC EDGAR shows only Form D (Dec 21, 2023) and Form D/A (Aug 7, 2024) equity-raise filings (no 8-K/10-K/10-Q/25-NSE), and JRW Investments' Cunat sponsor page lists the trust as Active in its Full Cycle column ~2.5 years after raise. Source
No outcome recorded · under 7 yearsDocument
Cunat Exchange V DSTFirst filed 2022No sponsor-stated result on record
No outcome recorded · under 7 years
Show all 9 Programs
Cunat Exchange III DSTFirst filed 2021No sponsor-stated result on record
No outcome recorded · under 7 years
Cunat Exchange IV DSTFirst filed 2021No sponsor-stated result on record
No outcome recorded · under 7 years
Cunat Exchange II DSTFirst filed 2020No sponsor-stated result on record
No outcome recorded · under 7 years
Active offerings
Classified active by Top1031 from SEC filings. That does not confirm an offering is still available to buy.
No active offerings are on record for this sponsor.
Who is behind this record?
Cunat, Inc. is a privately held real estate investment, development, and property management firm based in McHenry, Illinois, which says it was founded in 1976 and specializes in multifamily and single-family housing. Top1031 tracks nine Cunat Exchange DST programs, Cunat Exchange I DST through Cunat Exchange IX DST, with first filings dated from 2019 through 2025. In a September 30, 2025 release, Cunat said Cunat Exchange I DST had gone full cycle: the trust's five Illinois multifamily properties were sold on behalf of investors at a sponsor-reported 12.14% annual rate of return, about five and a half years into the program.
Sponsor-stated figures are as reported by the sponsor.Sources: Cunat, Inc. · Cunat, Inc. via PR Newswire · Top1031 sponsor record
Firm and operating platform
Cunat's website says the firm was founded in 1976 and lists Cunat, Inc. at 5400 W. Elm Street, Suite 110, McHenry, Illinois1. Its September 30, 2025 release describes the company as a privately held real estate investment, development, and property management firm specializing in multifamily and single-family housing2. Cunat says it creates condominiums, rental communities, townhomes, and single-family homes, and that all of its properties have on-site managers with dedicated housekeeping and maintenance staffs1.
Cunat Exchange DST programs
Top1031 tracks nine Cunat Exchange DST programs, Cunat Exchange I DST through Cunat Exchange IX DST, with first filings dated from 2019 through 20253.
Cunat Exchange I DST full-cycle result
Cunat's September 30, 2025 release said Cunat Exchange I DST — which the sponsor described as designed to give accredited investors access to income-generating multifamily assets through a 1031-exchange-compliant structure — had completed its full cycle, with the trust's five properties sold on behalf of investors at a reported 12.14% annual rate of return2. Cunat identified that Illinois multifamily portfolio as Autumnwood Apartments (102 units, Woodstock), Lillian Street Apartments (81 units, McHenry), Northfield Court (242 units, Harvard), Southgate Apartments (64 units, McHenry), and Westside Court (98 units, McHenry)2. The sponsor reported that the sale was completed five and a half years into the program and that Cunat had retained a 20% ownership stake in the trust alongside investors2.
Show sources (3)Hide sources (3)
- Cunat, Inc. ↗Sponsor disclosure
- Cunat, Inc. via PR Newswire ↗Sponsor disclosure
- Top1031 sponsor record ↗Top1031-derived
Written from SEC filings and cited sources
Cunat in the news
More sponsor coverage (2)
What can I do next?
Use the record as a starting point. Compare the current Programs, save offerings to your Watchlist, or ask a licensed specialist about the facts shown here.