K1
Keystone 1031
DST Sponsor · SEC filing history and documented Program outcomes
Website not on recordPrograms on record4
First filed2021
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 decidedKeystone 1031
NR
NR · Not rated
0 completed sales; 0 losses or impairments; 0 counted Programs. Fewer than three counted Programs. NR is not a failing grade. A letter needs 3 counted outcomes or 3 documented sales.
Completed sales 0Losses or impairments 0Counted Programs 0
- Programs found in SEC fundraising filings (Form D)
- 4
- Share of programs over 3 years old whose status we confirmed
- 0%
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
Keystone 1031 Lansing Industrial, DSTFirst filed 2023 Source
No outcome recorded · under 7 yearsDocument
Keystone 1031 Orlando Office, DSTFirst filed 2023 Source
No outcome recorded · under 7 yearsDocument
Keystone 1031 Net Leased Portfolio II DSTFirst filed 2022
No outcome recorded · under 7 years
Keystone 1031 Net Leased Portfolio DSTFirst filed 2021
No outcome recorded · under 7 years
Active offerings
Active means the sponsor’s SEC filings show the offering still raising money. It does not confirm you can still buy in.
No active offerings are on record for this sponsor.
Who is behind this record?
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.Sources: Keystone National Properties (KNPRE) · Top1031 sponsor record · prnewswire.com
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 opportunities1. The firm describes its work as identifying, assessing, and acquiring properties aimed at investor needs2. 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 20233.
Reported acquisitions and offering record
On December 2, 2021, the sponsor announced the acquisition of six net-leased essential-retail properties for a DST portfolio4. 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 term5. 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 investors6.
Show sources (6)Hide sources (6)
- Keystone National Properties (KNPRE) ↗Sponsor disclosure
- Keystone National Properties (KNPRE) ↗Sponsor disclosure
- Top1031 sponsor record ↗
- prnewswire.com ↗Sponsor disclosure
- prnewswire.com ↗Sponsor disclosure
- Keystone National Properties (KNPRE) ↗Sponsor disclosure
Written from SEC filings and cited sources
Keystone 1031 in the news
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