HZ Legends DST is a real estate fund based in San Francisco, California. According to its most recent Form D, filed Oct 2, 2025, it has sold $26,850,000 of interests to 2 investors since its first sale in Sep 2025. The minimum investment it accepts from an outside investor is $25,000. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include HZ Legends Depositor, LLC; HZ Perpetual Income Fund OP, LLC; HZ Legends DST Manager, LLC.
- Total raised
- $26,850,000Cumulative sales reported on Form D
- Investors
- 2
- First sale
- Sep 17, 2025
- Minimum investment
- $25,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- HZ Legends Depositor, LLC; HZ Perpetual Income Fund OP, LLC; HZ Legends DST Manager, LLC
- Latest Form D
- Oct 2, 2025
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about HZ Legends DST
What is the minimum investment for HZ Legends DST?
According to its latest Form D, filed Oct 2, 2025, the minimum investment HZ Legends DST accepts from an outside investor is $25,000.
Who can invest in HZ Legends DST?
HZ Legends DST is generally open only to investors who meet the eligibility rules in its offering documents. It uses Rule 506(b), which does not allow general advertising.
How much has HZ Legends DST raised?
HZ Legends DST reports $26,850,000 sold from 2 investors on its Form D filed Oct 2, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is HZ Legends DST based?
HZ Legends DST is based in San Francisco, California.
When did HZ Legends DST launch?
HZ Legends DST reports its first sale in Sep 2025, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every real estate fund
Raised more than 90% of the 1,091 real estate funds based in California, and more than 90% of all 7,337 that report sales.