Offering size$34.1M
Asset typeMultifamily
LocationManassas, VA
FinancingAll cash
Regulation D exemptionRule 506(c)
Sponsor-reported potential 721/UPREIT exitNo
First filedJun 16, 2025
Last filedJun 16, 2025
Minimum$100k
DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current Private Placement Memorandum before investing.
Messenger Place is a Delaware statutory trust sponsored by Bonaventure offering fractional interests in a 94-unit Class A multifamily community at 9009 Church Street in downtown Manassas, Virginia. Built in 2019 and owned and operated by Bonaventure since 2021, the property sits less than 18 miles from Dulles International Airport and was 95.7% occupied at offering with no debt. The all-cash trust raised $34.1 million in equity from 41 investors. In June 2026 Bonaventure announced the offering was fully subscribed and closed, its first DST, providing a 721-exchange path into the Bonaventure Multifamily Income Trust.
Built 2019; debt-free (0% LTV); 95.7% occ. at launch; raised $34.1M from 41 investors; closed Jul 2026
94 unitsBased on issuer-filed Form D notices through Jun 16, 2025. Amounts are self-reported, may lag current subscriptions, and do not confirm availability. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Reported sold as a percentage of stated offering amount51.0%
Not enough filing history for a trend line.
Capital sold, per latest Form D$17,256,401
Remaining amount reported in latest Form D$16,866,921
Investor count reported in latest Form D6
Stated minimum investment$100,000
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First filedJun 16, 2025
Latest filingJun 16, 2025
Filings tracked1
View filing on SEC EDGARForm D is an issuer notice filing. A filing does not mean the SEC approved, endorsed, or verified the offering.
Offering profile
SEC filings + cited sources
Property and location
Messenger Place DST holds a 94-unit Class A multifamily community at 9009 Church Street in downtown Manassas, Virginia, less than 18 miles from Dulles International Airport 14. The asset was built in 2019 and has been owned and operated by Bonaventure since 2021; at offering it was 95.7% occupied and carried no debt, and the trust is structured all-cash 14.
Offering structure and sponsor
The offering is Bonaventure's first Delaware statutory trust, an expansion beyond the firm's prior private placement structure 5. Bonaventure serves as sponsor, developer, and operator, and the trust provides a tax-deferred exit that includes a 721-exchange option into the Bonaventure Multifamily Income Trust 1. The issuer's Form D, filed June 16, 2025, reported a total offering amount of $34,123,322 with $17,256,401 sold as of that filing date 2.
Full subscription
On June 29, 2026, Bonaventure announced that Messenger Place was fully subscribed and closed, raising $34.1 million in equity from 41 investors 3. Independent trade-press coverage corroborated the fully subscribed close of Messenger Place alongside the Promenade Pointe DST 4.
In the news
Frequently asked questions
Is Messenger Place currently active?
Messenger Place is classified by Top1031 as active. “Active” reflects the latest public record and does not confirm that interests remain available.
Where does Top1031 get the data for Messenger Place?
Top1031 tracks this offering from SEC Form D filings and cited sponsor disclosures. Filing data may lag current subscriptions and does not mean the SEC approved or verified the offering.