Parq 170 at City Center
Multifamily property in Manassas Park, VA — sponsored by Hasta DST Ventures
Files with the SEC as Hasta Multifamily 1 DST
Minimum investment
$25k
Offering size
$53.6M
How much has sold
70.0%
Asset type
Multifamily property
Location
Manassas Park, VA
Financing
All cash. This offering reports no mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Hasta Multifamily 1 DST is a Delaware statutory trust — a structure that lets 1031 exchangers hold fractional real estate — owning Parq 170 at City Center, an apartment community with ground-floor retail in Manassas Park, Virginia, across from the Manassas Park VRE commuter rail station. Hasta DST Ventures announced on August 8, 2022 that the offering was fully subscribed.2
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These links support the historical public record; individual details may come from different sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
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
Who is the tenant, and what's the lease?
There is no single corporate tenant here: income comes from short-term apartment leases plus ground-floor retail space. The SEC filing names Hasta Multifamily PM, LLC as property manager, entitled to management fees under the offering documents.1 Reviewed sources did not identify retail tenants or state retail lease terms.
How did it end?
No sale or other ending on record
Hasta Multifamily 1 DST, which acquired the 291-unit Parq 170 at City Center in Manassas Park, VA for approximately $55M in August 2022, is still operating; as of May 2025 the White Law Group is reviewing potential FINRA arbitration claims from investors reporting losses, but no disposition has been announced.
PR Newswire reported approximately $55 million of equity for the offering; Parq 170 at City Center is across from the Manassas Park VRE station.
291 units and 43,708 square feet of retail spaceSupporting evidence
How is it financed, and what does it pay?
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 PPM, the private placement memorandum given to prospective investors.
Who's behind it?
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
- Hasta DST Ventures
- Legal Trust name
- Hasta Multifamily 1 DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 0 active / 1 total offerings from Hasta DST Ventures
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
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
- Form D filedFirst and latest filing on record.
- Filings on record
- 1
- How it may be offered
- Rule 506(b)Not advertised publicly. Offered through existing relationships.
- Source filing
- Read the filings on SEC EDGAR
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.
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.
Common questions
What happened to Parq 170 at City Center?
Top1031 lists Parq 170 at City Center as historical. It is no longer raising money.
Where does Top1031 get the data for Parq 170 at City Center?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Can I still invest in this Trust?
No. Hasta DST Ventures announced on August 8, 2022 that the Hasta Multifamily 1 DST offering was fully subscribed, and no further offering filings have appeared on the SEC record since the original Form D of June 7, 2022. The sales figures shown on this page come from that single 2022 filing and were never updated by an amendment.
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 private placement memorandum 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.
What does Rule 506(b) mean for this offering?
506(b) is the private-placement exemption that lets an issuer raise money without registering with the SEC, provided it does not advertise publicly and sells to accredited investors reached through pre-existing relationships — typically via broker-dealers and registered representatives rather than open marketing.
Chapter 9HASTA Buys Virginia PropertyMulti-Housing News reported HASTA's acquisition of Parq 170, a Class A 291-unit multifamily property with 43,708 square feet of retail space. HASTA DST Ventures Completes DST Offering of Class A Multifamily Property outside Washington, DCHASTA DST Ventures reported that HASTA Multifamily 1 DST was fully subscribed and acquired Parq 170 at City Center, a 291-unit property with 43,708 square feet of retail space.