Top1031
Virginia Small Bay 121 DST
in Newport News, VA · sponsored by Cove Capital Investments
Active offeringLatest Form D filed Aug 28, 2026 (opens in a new tab)
Virginia Small Bay 121 DST, sponsored by Cove Capital Investments, filed its first Form D with the SEC on Aug 28, 2026 for a $16.2 million offering. Its latest Form D, filed Aug 28, 2026, lists a $16.2 million offering with a $1,000 minimum.
Key facts
A free account shows how much of each active offering has sold and the Sponsor Grade letters.- Minimum investment
- $1,000From the Form D
- Offering size
- $16,207,609Equity offered, per the Form D
- Sold so far
- RaisingForm D, Aug 28, 2026; the % is our arithmetic17.0%
- Investors reported
- Form D, Aug 28, 202612
- Selling commissions
- Form D Item 15; the % is our arithmetic$972,457 · 6.0% of offering
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
Figures come from SEC Form D filings unless a source is cited. Sponsor-stated figures are as reported by the sponsor; Top1031 does not independently audit them. On a 45-day clock? Find day 45 and day 180 →
Sales so far
A free account shows how much of each active offering has sold and the Sponsor Grade letters.Raising
- Latest Form D
- Aug 28, 2026 · 1 filing
- First sale
- Jul 24, 2026
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
- Amount sold
- $2,763,824
- Not yet sold
- $13,443,785
- Investors
- 12
Calculated by Top1031 from the Form D filings, not stated by the sponsor:
17.0% of $16,207,609 sold, calculated by Top1031 from the Form D
- Average since first sale
- about $2.4 million a month
Weighing this offering for your exchange? A licensed 1031 specialist from our affiliated partner can go through these filings with you.
Ask a 1031 specialist about this recordFree. About: Virginia Small Bay 121 DST. Top1031 is not a broker-dealer.No photo on record.
What does Virginia Small Bay 121 DST own?
Virginia Small Bay 121 DST is a Delaware statutory trust sponsored by Cove Capital Investments and organized in Delaware in 2026. 1 Interests in such a trust can serve as replacement property in a 1031 exchange. Its Form D, filed August 28, 2026, reports a $16,207,609 offering and a first sale of interests on July 24, 2026. 1
- Property address
- 813 Diligence Drive, Newport News, VA
How have sales gone?
The Form D record has one sales figure so far, so there is no trend to chart. The figure is in Sales so far ↑.
How is it financed, and what did it cost to sell?
Costs and terms from the Form D
- Selling commissions
- $972,457 · 6.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $1,616,609 · 9.9% of offeringForm D Item 16· The filing’s note: “Messrs. Kay & Lapin will receive a portion of this amount (in)directly for various fees & selling commissions paid by their broker-dealer of record in states whereby they hold appropriate securities licenses.”
- Broker-dealers named in the Form D
- 1 named in the Form D
Show the firms
- FNEX Capital, LLC · CRD 166316
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Jul 24, 2026
- Minimum investment
- $1,000
Form D Item 15 and Item 16 amounts may be the issuer’s estimates; each percentage is Top1031’s arithmetic on two Form D figures. Item 16 can overlap Item 15, so Top1031 does not add them together. The issuer marked these amounts as an estimate.
Who's behind Virginia Small Bay 121 DST?
Cove Capital Investments sponsors Delaware statutory trust programs for 1031 exchange investors. The Form D for this Trust names Cove Capital Investments, LLC as both its sponsor and its promoter, meaning the party that organizes the trust and markets the interests. 1
- Sponsor
- Offerings on record
What does the SEC record show?
The opening notice reported a first sale of interests on July 24, 2026, which is a securities milestone rather than a property closing date. 1 The exemption claimed permits public advertising of a private offering, provided each buyer's accredited status is verified with documents rather than self-certified.
- Legal Trust name
- Virginia Small Bay 121 DST
- SEC CIK
- 2152246
- First Form D
- Aug 28, 2026
- Latest Form D
- Aug 28, 2026
- Filings on record
- 1
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D | $16,207,609 | $2,763,824 | 12 | EDGAR |
Amounts, investor counts and minimums are as filed with the SEC on Form D. The change lines are Top1031’s arithmetic between consecutive filings; a new Form D notice starts a new count.
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Common questions
- Is Virginia Small Bay 121 DST an active offering?
- Virginia Small Bay 121 DST is an Active offering: its latest Form D was filed Aug 28, 2026. A Form D filing does not by itself confirm that interests are still available; the sponsor or a registered representative can confirm what is open.
- Who sponsors Virginia Small Bay 121 DST?
- Cove Capital Investments. The Form D filed with the SEC on August 28, 2026 names Cove Capital Investments, LLC as the offering's sponsor and promoter. Cove Capital sponsors Delaware statutory trust programs aimed at 1031 exchange investors.
- What exactly is being sold to investors?
- A beneficial interest in a Delaware statutory trust, per the Form D filed August 28, 2026. A beneficial interest is a fractional ownership stake in the trust that holds the real estate, and the IRS treats such an interest as real property for 1031 exchange purposes. The same filing reports a total offering amount of $16,207,609 and a minimum investment of $1,000 from an outside investor.
- When did this offering begin?
- The Form D reports the first sale of trust interests on July 24, 2026, and the notice itself was filed with the SEC on August 28, 2026. The first-sale date is a securities event, the date an investor first bought in, not the date a building was purchased.
- Was this trust newly formed for the offering?
- Yes. The Form D reports that Virginia Small Bay 121 DST was organized in Delaware in 2026, the same year the offering began. Single-purpose trusts of this kind are typically formed to hold one property or portfolio for a single exchange offering.
In the news
Sources
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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 offering documents before investing.