Passco Merrimack DST is a Passco-sponsored multifamily DST owning Slate at Merrimack, a recently constructed apartment community in southern New Hampshire.
This is a private Delaware Statutory Trust security and does not trade on a national securities exchange. Potential liquidity depends on the specific trust documents, property performance, financing, distributions, transfer restrictions, purchaser qualifications, remaining holding period, and current buyer demand.
Passco Companies
Delaware Statutory Trust / Multifamily
$53.225 Million
Slate at Merrimack / Merrimack, NH
Closed Offering
Limited Private Secondary Market Liquidity
The March 2025 Form D reported a $53.225 million offering. Public marketplace materials identify the program as a closed offering.
Slate at Merrimack is a 224-unit apartment community in Merrimack, New Hampshire, approximately 40 miles northwest of Boston. Public offering materials describe the property as completed in 2023 and stabilized above 92% occupancy at the time of marketing.
Potential buyers may review occupancy, rents, concessions, operating expenses, capital needs, insurance, property taxes, financing, and local multifamily market conditions.
Alternative Investment Liquidity evaluates certain Passco Merrimack DST interests for potential direct private purchase or other secondary-market liquidity.
Potential Direct Private Purchase
Baron De Biltmore LLC
AIL Reviews Eligible Positions
Determined By Position Review
Property, Debt, Income, Hold Period & Transferability
Subject To Documentation Review
Any potential purchase indication is separate from the investor's original investment amount, tax basis, account statement value, sponsor-related value, or projected future sale proceeds.
Potentially. A transfer depends on the governing trust documents and applicable sponsor, trustee, lender, purchaser-qualification, ownership, and assignment requirements.
Legal transferability does not mean that a ready purchaser or continuous secondary market exists.
Passco DST interests are commonly used as replacement property in Section 1031 exchanges. A later sale or transfer may have tax consequences that differ from the original exchange.
Alternative Investment Liquidity does not provide tax, legal, investment, accounting, or valuation advice.
Private secondary-market transactions may provide potential liquidity for investors who do not want to wait for a future sponsor-led property disposition.
The DST secondary market does not operate like a national securities exchange and there is no guarantee a buyer will be available.
Learn more about the DST secondary market.
Occupancy, rents, resident demand, operating expenses and local market fundamentals may affect buyer expectations.
Public offering materials report approximately 47.2% loan-to-value at offering. Current loan balance, rate, maturity and transfer provisions should be confirmed from sponsor documents.
Current income, remaining hold period, expected disposition timing and capital requirements may affect private-market pricing.
Purchaser interest, position size, transfer requirements and execution risk may influence marketability.
AIL reviews Passco Merrimack DST positions for potential liquidity, transferability, buyer interest and direct-purchase opportunities.
Research is based on the March 2025 SEC Form D and public offering materials for Passco Merrimack DST / Slate at Merrimack.
Program terms and operating information may change. Investors should review current governing documents and sponsor communications before relying on any program-specific information.
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