SEC filing record
Primary Source · SEC.gov

Sunlit DST

Single-Deal SPV2020 vintage506(b)

Raised

$13M

Investors

40

Min Invest

$25,000

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AltStreet Analysis

·

Generated from EDGAR primary sources

Sunlit DST is a Delaware statutory trust (DST) structured as a 506(b) Regulation D offering, formed for what appears to be a 1031 exchange real estate investment. The amended Form D reports $13.3M raised from 40 investors with a $25K minimum investment; related parties include Sunlit ST, LLC and 1031 CF Properties, LLC as promoters, and Edward Fernandez as an executive officer/director/promoter. No parent platform or related sibling entities were matched in available data.

This filing falls into the alternative real estate investment category typical of DST (Delaware statutory trust) structures used for 1031 tax-deferred exchanges, commonly sold under 506(b) with modest minimums ($25K-$100K) to accommodate smaller individual investors rolling over exchange proceeds. The $13.3M raise and 40-investor count are consistent with a single-property or small-portfolio DST offering rather than a diversified institutional fund.

Data Flags

firstSaleDateFirst sale date is not disclosed despite this being an amended filing reporting $13.3M already raised from 40 investors, which is atypical for a sub-$100M offering where sales have clearly commenced.
industryGroupIndustry group field is not specified, though the entity's DST structure and promoter names (1031 CF Properties) suggest a 1031 exchange real estate offering.

Critical Disclosures

What the filings and the regulators have said about this entity that a reader should know first. Each line links to its source. The history, the same event across other issuers, and alerts are in the terminal.

Reporting lapsed · Form D · last filing September 16, 2020

Offering declared to continue beyond a year; annual amendment 13+ months overdue An issuer that stops filing is the case the going-concern flag cannot catch: the report that would have carried it was never filed.

Timeline
Each line is a fact as filed. The history behind it, the same event across other issuers, and an alert on the next one:Open in the terminal Watch this issuer

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0001785340
Entity NameSunlit DST
ExemptionRule 506(b)
What the exemption meansRule 506(b) of Regulation D: securities may be sold to an unlimited number of accredited investors and up to 35 non-accredited investors who meet the rule's sophistication standard, without general solicitation or advertising.
Entity TypeOther
Jurisdiction of OrganizationDelaware
Issuer Address1 Spectrum Pointe, Suite 320, Lake Forest, CA 92630
Phone(844) 533-1031
Industry / Fund TypeCommercial
Securities TypeOther
First Sale Date—
Filing DateSeptember 16, 2020
Accession Number0001567619-20-016807
Total Offering Amount$13,600,000
Total Amount Sold$13,269,953
Amount Remaining$330,047
Total Investors40
Non-Accredited InvestorsNone
Minimum Investment$25,000
Offering DurationIntended to last more than one year
Revenue RangeDecline to Disclose
State (Issuer Address)CA
Amendment Count2 filings on record

Filings on Record

Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.

In the Terminal

Filing events

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none on file

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Statements extracted

0

none on file

NAV prints

0

none on file

Offering chains

1

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Investor

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Related Persons (Form D)

Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.

none Sunlit ST, LLC

Executive Officer, Director, Promoter · Lake Forest, CA

none 1031 CF Properties, LLC

Promoter · Lake Forest, CA

Edward Fernandez

Executive Officer, Director, Promoter · Lake Forest, CA

Placement Agents and Sales Compensation (Form D)

Who the issuer reported paying to sell the securities (Form D Item 12), with the FINRA registration number the filer gave. Source: SEC.gov.

Capulent LLCCRD 155155 on BrokerCheck

Associated broker-dealer: None · Phoenix, AZ · Soliciting in AK, AL, AZ, CA, CO, CT, DC, FL, GA, IA, IL, LA, MA, MD, ME, MI, MT, NC, NE, NJ, NM, NV, NY, OH, OR, PA, RI, TX, UT, VA, VT, WA, WI

Questions About Sunlit DST

Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.

What is Sunlit DST?

Sunlit DST is a Delaware entity that filed a Form D with the SEC on September 16, 2020 in the Commercial industry group. The filing claims Rule 506(b).

Is Sunlit DST legit?

AltStreet does not rate legitimacy; it reports the public record. Sunlit DST filed a Form D with the SEC on September 16, 2020 claiming Rule 506(b). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $13,269,953 sold to 40 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.

Is Sunlit DST registered with or approved by the SEC?

No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that Sunlit DST claimed Rule 506(b) and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.

How much has Sunlit DST raised?

Sunlit DST reported $13,269,953 sold from 40 investors of a $13,600,000 total offering as of the Form D filed September 16, 2020.

Who can invest in Sunlit DST?

The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $25,000.

What is the minimum investment in Sunlit DST?

The Form D lists $25,000 as the minimum investment accepted from any outside investor as of September 16, 2020. Issuers can waive their own minimums, and the figure does not include fees.

Who is selling Sunlit DST and how are they paid?

The Form D names Capulent LLC (CRD 155155), associated with None as the recipient of sales compensation soliciting in AK, AL, AZ, CA, CO, CT, DC, FL, GA, IA, IL, LA, MA, MD, ME, MI, MT, NC, NE, NJ, NM, NV, NY, OH, OR, PA, RI, TX, UT, VA, VT, WA, WI.

Who is behind Sunlit DST?

The Form D lists 3 related persons: Sunlit ST, LLC, executive officer, director, promoter (Signatory Trustee of the issuer); 1031 CF Properties, LLC, promoter ("1031 CF Properties, LLC is the sponsor (the ""Sponsor"") of the issuer."); Edward E. Fernandez, executive officer, director, promoter (Mr. Fernandez is the manager of the signatory trustee and Sponsor, and he is the CEO of 1031 Crowdfunding, LLC, which is a member of the Sponsor). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Where is Sunlit DST located?

The issuer's address on its SEC filings is 1 Spectrum Pointe, Suite 320, Lake Forest, CA 92630. Its phone number of record is 844-533-1031. It is organized under the laws of Delaware.

How long is the Sunlit DST offering open?

The issuer indicated that the offering is intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open; 1 amendment is on record for this CIK.

What is Sunlit DST's revenue?

The issuer declined to disclose its revenue range on the Form D, which the form permits.

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Data Methodology

Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.