No documented loss found in searched sources. Fewer than 3 outcomes to rate (0 published results, 0 documented sales). NR is not a failing grade. A letter needs 3 counted outcomes or 3 documented sales.
Lost or impaired investor capital 0·Counted outcomes 0
No documented loss found in searched sources as of Sep 4, 2026.
Programs found in SEC fundraising filings (Form D)
The Courtyard ApartmentsMultifamily·Garland, TXSEC filing, Aug 6, 2025
$19.5M
15%
Active
Chapter 4
Who is behind this record?
NAS Investment Solutions sponsors Delaware Statutory Trust offerings that give investors fractional co-ownership of commercial real estate, and the firm says Karen E. Kennedy launched it in 2017 with a mandate spanning all real estate sectors. Top1031 tracks eleven DST programs attributed to the sponsor, first filed between 2019 and 2025, and the firm states that properties it sponsors are managed by affiliate National Asset Services. Dated activity includes multifamily acquisitions in Des Moines, Iowa in March 2024, North Houston in August 2024, and Garland, Texas in July 2025, plus a July 2026 report of full-cycle completion for a Bentonville, Arkansas office building leased to The Clorox Company.
NAS Investment Solutions says it uses Delaware Statutory Trusts to structure properties as fractional interests, giving investors fractional co-ownership in commercial real estate, and states that its model accommodates cash investments, self-directed IRAs, and 1031 exchanges by accredited investors; the same page says Karen E. Kennedy launched the firm in 2017 as a division dedicated to acquiring and enhancing commercial real estate1. The sponsor describes its mandate as identifying, acquiring, and enhancing commercial real estate across all sectors of the industry2. Top1031 tracks eleven DST programs attributed to the firm, with first filings spanning 2019 through 20253.
Affiliated management
The firm states that the investment properties it sponsors are managed by National Asset Services, which provides the related property and asset management4. Its June 18, 2026 release credits that affiliate with overseeing 187 commercial properties totaling more than 25 million square feet across 31 states5.
Multifamily acquisitions
Multi-Housing News reported on March 1, 2024 that the firm acquired Broadway Apartments in Des Moines, Iowa, a 120-unit property built in 2015 and sold by Hubbell Realty6. On August 13, 2024, the firm announced the acquisition of Tranquility Grove Townhomes, a 92-townhome gated community in North Houston7. A July 31, 2025 release announced the acquisition of The Courtyard Apartments in Garland, Texas, a 123-unit asset on 5.5 acres, with in-unit washer-and-dryer installations identified as the value-add work8; on June 18, 2026 the sponsor identified that asset as Courtyard Apartments DST at 2046 N. Shiloh Road and said the property had been acquired and was operating with in-place cash flow5.
Reported full-cycle result
On July 14, 2026, the sponsor announced the full-cycle completion of a single-tenant office investment at 2200 Bentonville in Bentonville, Arkansas, and stated that investors realized a 41% effective rate of return9. The firm describes that asset as approximately 30,829 square feet of office space leased to The Clorox Company2.
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