Talk to a 1031 specialistData updated Dec 29, 2025
Offering size$48.9M
Asset typeMultifamily
LocationDayton, KY
FinancingNot disclosed
Regulation D exemptionRule 506(c)
Sponsor-reported potential 721/UPREIT exitNo
First filedDec 29, 2025
Last filedDec 29, 2025
Minimum$25k
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.
Velo Riverside is a 265-unit apartment community at 1181 Manhattan Boulevard in Dayton, Kentucky, held through the Passco Riverside DST and sponsored by Passco Companies. Part of the Manhattan Harbour development, it offers one-, two-, and three-bedroom layouts across roughly 11.68 acres, with Arlington Properties serving as third-party property manager. Passco Companies acquired the community for $76.6 million in 2025, reported as the Greater Cincinnati region's largest real estate deal of that year. An issuer Form D dated December 29, 2025 reported a $48.9 million offering with $6 million sold as of that date.
11.68 acres, 4 res bldgs, avg 1,042 SF/unit; Cincinnati MSA; exec summary distributed Feb 2026; site veloriversideapartments.com
265 units / 276,262 SFBased on issuer-filed Form D notices through Dec 29, 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 amount12.0%
Not enough filing history for a trend line.
Capital sold, per latest Form D$6,000,000
Remaining amount reported in latest Form D$42,900,000
Investor count reported in latest Form D1
Stated minimum investment$25,000
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First filedDec 29, 2025
Latest filingDec 29, 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 identity
Velo Riverside is a 265-unit apartment community at 1181 Manhattan Boulevard, Dayton, Kentucky 41074, situated within the Manhattan Harbour development on approximately 11.68 acres. The community offers one-, two-, and three-bedroom layouts and is owned and operated through the Passco Riverside DST, with Arlington Properties named as the third-party property manager 2.
Acquisition
Passco Companies purchased Velo Riverside for $76.6 million in 2025, a price that nearly doubled Arlington Properties' $47.9 million development cost. The transaction was reported as the Greater Cincinnati region's largest real estate deal of 2025 1.
Offering
An issuer Form D dated December 29, 2025 reported a total offering amount of $48.9 million, with $6 million sold as of that date 3.
In the news
Frequently asked questions
Is Velo Riverside currently active?
Velo Riverside 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 Velo Riverside?
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.