Sponsor profile
SEC filings + cited sources
Cunat, Inc. is an Illinois-based real estate investment, development, and property management firm founded in 1976 and headquartered in McHenry, Illinois, specializing in multifamily and single-family housing. It sponsors a numbered series of Delaware statutory trust 1031-exchange programs, with nine Cunat Exchange DSTs (I through IX) tracked by Top1031. In September 2025, Cunat reported the full-cycle sale of Cunat Exchange I DST, a five-property, 585-unit Illinois multifamily portfolio, after a roughly 5.5-year hold. The firm reports owning and managing property across six states and two countries and remains operational at its McHenry headquarters.
Firm identity
Cunat, Inc. is a privately held, Illinois-incorporated real estate investment, development, and property management company founded in 1976 and headquartered at 5400 W. Elm Street, Suite 110, McHenry, Illinois. The firm specializes in multifamily and single-family housing and reports owning and managing property across six states and two countries. 1
DST program platform
Top1031 tracks nine Cunat Delaware statutory trust programs filed as a numbered series — Cunat Exchange I DST through Cunat Exchange IX DST — with first filing years spanning 2019 to 2025. 2
Representative completed outcome
Cunat reported the full-cycle completion of Cunat Exchange I DST in September 2025. The trust held five multifamily properties totaling 585 units in McHenry, Woodstock, and Harvard, Illinois — Autumnwood Apartments (102 units), Lillian Street Apartments (81), Northfield Court (242), Southgate Apartments (64), and Westside Court (98). Cunat stated the sale, following a roughly 5.5-year hold, delivered a 12.14% annualized return to investors, and noted it retained a 20% co-investment stake. These figures are as reported by the sponsor. 3
Operating status
As of July 2026, Cunat, Inc. remains operational at its McHenry, Illinois headquarters. 4