K1
Keystone 1031
4 Programs on record · filing history back to 2021 · 0 classified as raising now
Website not on recordPrograms on record4
First filed2021
Raising now0
Finished with published result—
Sponsor-reported, from SEC filings and cited sources.
What the record shows
Keystone 1031 is the Delaware statutory trust program line of Keystone National Properties, which states it was founded in 2016 by Mike Packman to sponsor and manage real estate and other direct-investment opportunities. Its reported record centers on single-tenant, net-leased commercial property assembled for exchange investors. In December 2021 the sponsor announced the purchase of six net-leased essential-retail properties for a DST portfolio, and in February 2022 it reported a $35,650,000 acquisition of eight net-leased properties across seven states with an 11.29-year weighted-average lease term; that portfolio, Keystone 1031 Net Leased Portfolio II, was reported fully subscribed at $17.7 million in August 2022.
Sponsor-stated figures are as reported by the sponsor.Evidence 123456
Raising money now
Classified active by Top1031 from the SEC filings. That does not confirm an offering is still available to buy.
No active offerings are on record for this sponsor.
Programs on the record
A Program is the filing-level offering record associated with this sponsor. Published-result figures are shown only with sponsor attribution and adjacent sources.
ProgramFirst filedStatusPublished outcome
Keystone 1031 Lansing Industrial, DSTSEC filing 2023Historical
Figure publishedAs reported by the sponsor.Source 1 Source 2 Source 3
Read the sponsor-stated result
No public disposition or full-cycle announcement for the Keystone 1031 Lansing Industrial, DST (CIK 1965600) was found on AltsWire, KNPRE press releases, PR Newswire, or EDGAR (only the original April 2023 Form D appears); the $24M FedEx Ground distribution facility at 2290 S Canal Rd, Lansing, MI acquired Feb 2023 has no recorded sale, and its removal from LoopNet listings is consistent with the trust still holding it within its typical 5–10-year DST hold period.
Keystone 1031 Orlando Office, DSTSEC filing 2023Historical
Figure publishedAs reported by the sponsor.Source 1 Source 2 Source 3
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No public disposition or full-cycle announcement was found for the Keystone 1031 Orlando Office, DST (CIK 1965596); EDGAR shows only the April 2023 Form D filing, and no sale of the Walgreens call-center property in Orlando acquired in December 2022 for $32.5M has been publicly reported, consistent with the trust still holding the asset within its typical 5–10-year DST hold period.
Keystone 1031 Net Leased Portfolio II DST2022Filing record
Figure publishedAs reported by the sponsor.Source 1 Source 2 Source 3
Read the sponsor-stated result
No public disposition or full-cycle announcement was found for the Keystone 1031 Net Leased Portfolio II DST (CIK 1915821); EDGAR shows only the March 2022 Form D filing, and although KNPRE announced in February 2025 that the offering had been 'fully subscribed' (raising $17.7M), no sale of the underlying properties or distribution event has been publicly announced, consistent with the trust still holding the assets.
Keystone 1031 Net Leased Portfolio DST2021Filing record
Figure publishedAs reported by the sponsor.Source 1 Source 2 Source 3
Read the sponsor-stated result
No public disposition or full-cycle announcement was found for the Keystone 1031 Net Leased Portfolio DST (CIK 1885853); EDGAR shows only the November 2021 Form D and a March 2022 amendment, and the December 2021 acquisition of a six-property net-leased retail portfolio in FL/TX/KS/WA has no public sale record, consistent with the trust still holding the assets within its 5–10-year hold period.
Who they are
Written from SEC filings and cited sources
Platform and strategy
Keystone National Properties states that it was founded in 2016 by Mike Packman and specializes in sponsoring and managing real-estate and other direct-investment opportunities 1. The firm describes its work as identifying, assessing, and acquiring properties aimed at investor needs 2. Under the Keystone 1031 name, Top1031 tracks four Delaware statutory trust programs: Keystone 1031 Net Leased Portfolio DST, Keystone 1031 Net Leased Portfolio II DST, Keystone 1031 Orlando Office, DST, and Keystone 1031 Lansing Industrial, DST, first recorded between 2021 and 2023 3.
Reported acquisitions and offering record
On December 2, 2021, the sponsor announced the acquisition of six net-leased essential-retail properties for a DST portfolio 4. On February 3, 2022, it reported a $35,650,000 acquisition of eight single-tenant, net-leased properties for Keystone 1031 Net Leased Portfolio II, totaling more than 62,000 square feet, diversified across seven states, and carrying a reported 11.29-year weighted-average lease term 5. On August 7, 2022, Keystone National Properties reported that Portfolio II, launched in January 2022, had been fully subscribed with $17.7 million raised from accredited investors 6.
Show sources (6)Hide sources (6)
- Keystone National Properties (KNPRE) ↗Sponsor disclosure
- Keystone National Properties (KNPRE) ↗Sponsor disclosure
- Top1031 sponsor record ↗Top1031-derived
- prnewswire.com ↗Sponsor disclosure
- prnewswire.com ↗Sponsor disclosure
- Keystone National Properties (KNPRE) ↗Sponsor disclosure