Cantor Fitzgerald Investors, LLC and its affiliates sponsor Delaware Statutory Trust investment programs for accredited investors seeking passive ownership of institutional real estate, including investors completing Section 1031 exchanges.
Individual Cantor Fitzgerald DST offerings are generally established as separate Delaware statutory trusts. Each program may own a specific property or portfolio and operate under its own offering documents, financing structure, distribution terms, transfer restrictions, and anticipated business plan.
Recent Cantor-sponsored DST activity has been heavily concentrated in multifamily real estate. Public SEC filings in 2025 and 2026 include CF Chestnut Street Multifamily DST, CF Landings Multifamily DST, CF Biscayne Multifamily DST, and CF Fleetwood Multifamily DST.
Because Cantor Fitzgerald DST interests are private securities and are not listed on a national securities exchange, investors generally cannot sell them through a conventional brokerage account at a continuously quoted market price.
Potential liquidity may therefore depend on the specific DST program, governing documents, sponsor procedures, purchaser qualifications, transferability, property performance, debt structure, remaining holding period, documentation, and current private-market buyer demand.
Cantor Fitzgerald Investors, LLC and Affiliates
Delaware Statutory Trust / Private Real Estate Program
Multifamily Real Estate
Accredited Investors / 1031 Exchange Investors
Limited Private Secondary Market Liquidity
Program, Property, Debt, Distributions, Transferability & Buyer Demand
Cantor Fitzgerald DST programs are generally structured as individual private real estate investment offerings rather than shares in a single pooled public vehicle.
Each trust may hold a specific multifamily property, commercial property, or portfolio and may have its own acquisition price, mortgage financing, distribution expectations, business plan, transfer procedures, and anticipated exit timing.
This means that liquidity analysis should be performed at the individual DST level. The Cantor Fitzgerald sponsor name provides useful context, but the economics and marketability of one Cantor-sponsored DST may differ substantially from another.
Public Form D filings show that Cantor Fitzgerald Investors, LLC has sponsored multiple private DST programs over time, reflecting a recurring sponsor platform rather than a single investment vehicle.
Recent SEC filings show continued Cantor Fitzgerald DST activity, particularly in multifamily real estate. The following examples illustrate the scale and structure of recent programs.
$82.32 Million Equity Offering
Approximately $36.05 Million Equity Offering
Approximately $112.65 Million Equity Offering
$74.9 Million Equity Offering
Multifamily Residential
Private Regulation D DST Interests
CF Chestnut Street Multifamily DST was formed in 2025 and reported an $82.32 million equity offering. A subsequent Form D amendment reported that the full offering amount had been sold to 201 investors.
The Chestnut Street program is associated with 2116 Chestnut, a multifamily residential property in Philadelphia, Pennsylvania.
CF Landings Multifamily DST reported an offering of approximately $36.05 million. CF Biscayne Multifamily DST reported a total offering amount of approximately $112.65 million, while CF Fleetwood Multifamily DST reported an offering of approximately $74.9 million.
These examples are provided as sponsor-platform research and should not be interpreted as a recommendation, statement of current availability, or representation that any particular offering remains open to new investors.
Alternative Investment Liquidity evaluates certain Cantor Fitzgerald DST interests for potential direct private purchase or other secondary-market liquidity.
Because each Cantor Fitzgerald DST is a separate investment, there is no single standing purchase price that can be applied across the sponsor family. Buyer interest and potential pricing depend on the specific DST program and the characteristics of the individual investor position.
Potential Direct Private Purchase
Baron De Biltmore LLC
AIL Reviews Eligible Cantor Fitzgerald DST Positions
Determined By Specific DST And Position Review
Property, Debt, Distributions, Transferability & Buyer Demand
Subject To Position And Documentation Review
Any potential purchase indication is separate from the investor's original investment amount, tax basis, sponsor-reported value, account statement value, or projected future sale proceeds.
A potential transaction may be influenced by property performance, current distributions, debt terms, loan maturity, remaining holding period, transfer restrictions, purchaser eligibility requirements, sponsor procedures, position size, and market conditions.
Any offer from AIL, an affiliated purchaser, or another potential buyer represents the amount that purchaser is willing to pay under the applicable terms and should not be interpreted as an independent appraisal or representation of underlying fair value.
Cantor Fitzgerald has sponsored DST programs across multiple property types, including multifamily, office, industrial, retail, net-leased properties, and other income-producing commercial real estate.
More recent public filings show a strong concentration in multifamily DST programs. Recent examples include Chestnut Street, Landings, Biscayne, and Fleetwood multifamily programs.
For secondary-market purposes, the property or portfolio underlying the specific trust is generally more important than the sponsor name alone.
Potential buyers may review location, occupancy, rental performance, expenses, tenant or resident demand, capital requirements, debt service, loan maturity, and the property's expected path to disposition.
Potentially. A Cantor Fitzgerald DST interest may be transferable before a sponsor-led property sale, but the transfer process depends on the governing documents and procedures applicable to the specific trust.
Transfer requirements may include sponsor or administrative trustee review, purchaser eligibility requirements, subscription or assignment documentation, accredited-investor qualifications, lender-related restrictions, ownership limitations, and other conditions.
A transfer may also require documentation regarding the seller's ownership registration, entity authority, trust or estate status, IRA custodian, or other account-specific circumstances.
The fact that an interest is legally transferable does not mean that a ready purchaser or active secondary market exists.
Many DST investors acquire their interests as replacement property in a Section 1031 exchange. The federal tax treatment of qualifying Delaware Statutory Trust interests is an important part of the DST structure.
That treatment does not create public-market liquidity. A later private transfer may have tax consequences that differ from the investor's original exchange and may affect deferred gain, debt allocation, depreciation, recapture, and future exchange planning.
An investor considering a secondary-market sale should evaluate the transaction with qualified tax and legal professionals before proceeding.
Alternative Investment Liquidity does not provide tax, legal, investment, accounting, or valuation advice.
Current and historical distributions can be important when evaluating a Cantor Fitzgerald DST position.
A prospective purchaser may consider the current distribution rate, property-level operating cash flow, reserves, occupancy, rental trends, financing costs, sponsor communications, and the sustainability of future distributions.
A change in distributions does not by itself determine secondary-market value. Buyers may also weigh property appreciation or depreciation, leverage, refinancing risk, anticipated sale timing, and expected future proceeds.
Distribution information should therefore be evaluated together with the broader financial condition of the specific DST and its underlying property.
Cantor Fitzgerald DST interests do not trade on a national securities exchange and generally do not provide a continuous redemption mechanism.
Potential liquidity alternatives may include continued ownership until a sponsor-led property disposition, a private secondary-market transaction, a direct private purchase, or another permitted transfer under the trust documents.
The availability and attractiveness of these alternatives may depend on the specific DST, transfer restrictions, remaining holding period, property performance, debt obligations, current distributions, purchaser qualifications, and buyer demand.
There is no guarantee that a purchaser will be available or that an investor can sell at the original investment amount, account statement value, or an expected future property-sale value.
Potentially. Certain Cantor Fitzgerald DST positions may qualify for a private secondary-market transaction or direct purchase, subject to transfer requirements, documentation, purchaser eligibility, sponsor procedures, and available buyer demand.
A potential sale may require confirmation of the exact DST program, current ownership amount, account registration, governing documents, distribution history, and other investment-specific information.
Investors should compare the potential benefit of obtaining liquidity today with the possibility of continuing to receive distributions and holding the investment until a future sponsor-led property sale or other liquidity event.
Whether an early sale is appropriate depends on the investor's own circumstances and should not be determined solely by the availability of a private-market purchaser.
Private secondary-market transactions may provide a potential source of liquidity for certain Cantor Fitzgerald DST investors who do not want to wait for a future property disposition or other sponsor-led exit.
The DST secondary market does not operate like a national securities exchange. There is generally no continuously quoted price, centralized order book, or guarantee that a buyer will be available for a particular Cantor Fitzgerald DST.
Potential buyers may evaluate the specific property or portfolio, acquisition basis, current income, occupancy, debt structure, interest rate, loan maturity, remaining holding period, sponsor communications, expected future liquidity, transfer requirements, and current market conditions.
Because a private buyer may be acquiring an illiquid investment with uncertain future liquidity, secondary-market pricing may differ materially from the investor's original purchase amount, tax basis, or sponsor-related valuation reference.
Investors can learn more about how the DST secondary market works, including transfer restrictions, buyer qualifications, pricing, documentation, and timing.
Each Cantor Fitzgerald DST is a separate investment with its own property or portfolio, acquisition basis, financing structure, distribution history, transfer procedures, and anticipated exit strategy.
Location, occupancy, rental performance, tenant or resident demand, operating expenses, lease terms, concessions, capital expenditures, and local real estate conditions may affect investor and buyer expectations.
For multifamily DST programs, potential buyers may review effective rents, concessions, new apartment supply, occupancy, operating expenses, insurance costs, property taxes, employment trends, population growth, and competing properties.
Outstanding loan balances, leverage, interest rates, debt-service requirements, maturity dates, refinancing exposure, and lender restrictions can materially affect expected returns and secondary-market pricing.
Current and historical distributions may influence buyer expectations, but income should be evaluated together with property operating performance, reserves, financing costs, and future capital needs.
A DST that appears closer to a property sale or other sponsor-led liquidity event may be evaluated differently from an investment expected to remain outstanding for several additional years.
Sponsor procedures, administrative trustee requirements, purchaser qualifications, ownership limitations, account registration, and required transfer documentation can affect whether and how an interest may be sold.
Private-market pricing can vary depending on current purchaser interest, position size, expected holding period, required return, execution risk, and broader real estate and capital-market conditions.
A recent investor or account statement is generally the best starting point when evaluating a Cantor Fitzgerald DST position for potential liquidity.
The statement can help identify the exact DST program, current ownership interest, account registration, custodian, and other information relevant to a potential transaction.
Helpful documentation may also include:
Not every document is necessary to begin. In many cases, a recent statement showing the exact Cantor Fitzgerald DST and current ownership amount is sufficient for an initial Confidential Investment Review.
Not every Cantor Fitzgerald DST interest will necessarily qualify for a private secondary-market transaction or direct purchase.
Potential marketability may depend on the specific trust, property performance, debt, distributions, remaining holding period, investor registration, transferability, documentation, position size, purchaser qualifications, and current buyer demand.
Because Cantor Fitzgerald has sponsored numerous individual DST programs, AIL evaluates the exact investment rather than applying a single sponsor-wide assumption about value or liquidity.
A Confidential Investment Review can help identify whether a particular Cantor Fitzgerald DST position may currently qualify for further evaluation and which factors may influence a potential transaction.
Alternative Investment Liquidity reviews Cantor Fitzgerald DST positions for investors seeking information about potential liquidity, transferability, valuation considerations, current buyer interest, and possible direct purchase opportunities.
AIL's review focuses on the specific DST program and investor position rather than relying solely on the Cantor Fitzgerald sponsor name or the investor's original purchase amount.
For eligible positions, AIL may be able to facilitate a direct private purchase through Baron De Biltmore LLC or evaluate another potential secondary-market liquidity pathway. Any potential purchase price or transaction remains subject to investment-specific review, documentation, transferability, purchaser requirements, and current market conditions.
Investors, trustees, estate representatives, attorneys, financial professionals, and other authorized representatives can request a Confidential Investment Review for a Cantor Fitzgerald DST position.
Information on this page was developed using publicly available Securities and Exchange Commission Form D filings for Cantor Fitzgerald-sponsored Delaware Statutory Trust offerings, including CF Chestnut Street Multifamily DST, CF Landings Multifamily DST, CF Biscayne Multifamily DST, CF Fleetwood Multifamily DST, and other Cantor-sponsored DST programs.
Public filings identify Cantor Fitzgerald Investors, LLC as sponsor of multiple recent DST offerings. Offering sizes, investor counts, property information, financing terms, distributions, transfer procedures, and other investment details may change after the applicable filing or offering date.
Investors should review the governing documents, current sponsor communications, investor statements, tax records, and other materials applicable to their specific Cantor Fitzgerald DST when evaluating current conditions.
Secondary market interest depends on more than asset type. AIL evaluates each position based on investment structure, transferability, documentation, and current market conditions.
Ownership type, sponsor requirements, investment terms, and underlying asset characteristics all influence review.
Some positions may be subject to transfer restrictions, approval requirements, or limitations within governing documents.
Offering materials, account records, ownership documents, and sponsor information help determine whether review can proceed.
Potential liquidity depends on current buyer interest, asset category, pricing expectations, and transaction feasibility.
Every opportunity is reviewed individually. Our process is designed to provide clarity regarding transferability, marketability, and potential liquidity pathways before any transaction decisions are made.
Provide basic details regarding the investment position, ownership structure, and available documentation.
AIL evaluates the investment type, transfer restrictions, sponsor requirements, and available transfer pathways.
We determine whether a secondary market opportunity may exist based on current investor demand and transaction activity.
If a viable pathway exists, we discuss potential next steps, timing considerations, and transaction requirements.
Submit basic information for a confidential review. Opportunities are evaluated individually based on investment structure, available documentation, transferability, and potential market interest.
REQUEST CONFIDENTIAL REVIEW