Parq 170 at City Center
Multifamily property in Manassas Park, VA · sponsored by Hasta DST Ventures
Parq 170 at City Center was a DST sponsored by Hasta DST Ventures that owned a multifamily property in Manassas Park, VA. Its last Form D was filed Jun 7, 2022.
How it ended
No outcome recorded · under 7 years
The record lists the offering as fully subscribed; the last Form D was filed Jun 7, 2022.
Key facts
- Minimum investment
- $25,000From the Form D
- Offering size
- $53,632,384Equity offered, per the Form D
- Sold
- 69.8%Form D, Jun 7, 2022; the % is our arithmetic
- Investors reported
- Form D, Jun 7, 20225
- Selling commissions
- Form D Item 15; the % is our arithmetic$969,145 · 1.8% of offering
- Financing
- Leveraged. This offering reports mortgage debt on the property.How it is financed ↓
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
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 →
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Ask a 1031 specialist about this recordFree. About: Parq 170 at City Center. Top1031 is not a broker-dealer.Parq 170 at City Center · Manassas Park, VA · Photo: parq170.com
What did Parq 170 at City Center own?
Parq 170 at City Center stands at 170 Market Street in Manassas Park, Virginia, across from the Manassas Park VRE commuter rail station. 4 Hasta DST Ventures acquired the apartment-and-retail community in 2022; Connect CRE reported a $55 million purchase price. 3 The property's own website describes the apartments as newly renovated and does not name any retail tenant. 4
- Reported location
- Manassas Park, VA
- Property size
- 291 units and 43,708 square feet of retail space
How was it financed, and what did it cost to sell?
The public record does not settle how this trust is capitalized. A Form D does not disclose mortgage debt, and no reviewed source names a lender, loan amount, or loan terms. Whether the trust carries financing or bought all-cash would be spelled out in the offering documents.
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Costs and terms from the Form D
- Selling commissions
- $969,145 · 1.8% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $0 · 0.0% of offeringForm D Item 16· The filing’s note: “Hasta Multifamily PM, LLC will act as Property Manager and is entitled to any management fees as outlined in the offering documents. Such amounts are indeterminable at this time.”
- Broker-dealers named in the Form D
- 1 named in the Form D
Show the firms
- RCX Capital Group, LLC · CRD 114290
Individual representatives named in Item 12 are not listed.
- Date of first sale
- May 25, 2022
- Minimum investment
- $25,000
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 Parq 170 at City Center?
Hasta DST Ventures, LLC sponsored this trust; the SEC filing lists it as manager of the trust's signatory entity, Hasta Multifamily 1 ST, LLC. 1 The firm announced the completed offering and the Manassas Park acquisition on August 8, 2022. 2 On May 13, 2025, a securities law firm published a page saying it was reviewing potential FINRA arbitration claims against brokerage firms that sold the investment; that page reported no filed lawsuit, judgment, or regulator action. 5
- Sponsor
- Offerings on record
What does the SEC record show?
One Form D — the short notice an issuer files with the SEC after its first sale — sits on this record, never amended. The offering was made under Rule 506(b), which bars general advertising and reaches accredited investors through existing relationships. The sponsor's full-subscription announcement came later that summer. 2
- Legal Trust name
- Hasta Multifamily 1 DST
- SEC CIK
- 1932602
- First Form D
- Jun 7, 2022
- Latest Form D
- Jun 7, 2022
- Filings on record
- 1
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D | $53,632,384 | $37,438,729 | 5 | 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
- What happened to Parq 170 at City Center?
- Parq 170 at City Center is a Historical offering. The record lists the offering as fully subscribed; the last Form D was filed Jun 7, 2022.
- What exactly does the Trust own?
- Parq 170 at City Center, a multifamily community with ground-floor retail at 170 Market Street in Manassas Park, Virginia, roughly 30 miles from Washington, D.C., and across from the Manassas Park VRE commuter rail station. Connect CRE reported the 2022 purchase price at $55 million.
- Who manages the property?
- The SEC filing identifies Hasta Multifamily PM, LLC as property manager, entitled to management fees under the offering documents. Greystar's website markets apartments at the same 170 Market Street address, but that listing does not by itself establish Greystar as owner or manager, and no reviewed source confirms who operates the property today.
- Is there a mortgage on the property?
- Not established. Form D filings do not disclose debt, and no reviewed public source names a lender or states loan terms for this Trust. Leverage, if any, would be described in the offering documents and the trust's loan documents.
- What is the investor-claims item from 2025?
- On May 13, 2025, The White Law Group posted that it was reviewing potential FINRA arbitration claims involving brokerage firms that may have sold Hasta Multifamily 1 DST to investors. The page describes a review of potential claims; it does not report a filed lawsuit, judgment, foreclosure, bankruptcy, or regulatory action against the Trust or sponsor.
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.