Velo Riverside

Top1031 lists Velo Riverside as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.

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.

One asset: Velo Riverside, a 265-unit apartment community at 1181 Manhattan Boulevard in Dayton, Kentucky, on the Ohio River waterfront across from downtown Cincinnati. Arlington Properties developed it and construction was completed in 2024. The private placement memorandum — the offering's governing disclosure document — states that the depositor acquired all interests in the property owner, Velo Riverside, LLC, and that the owner was then merged into the Trust on November 25, 2025, with Passco Riverside DST surviving. It states acquisition consideration of $78,566,250 gross, including a $1,916,250 advisory fee, on a $76,650,000 net purchase price.

Multifamily means hundreds of residents on comparatively short leases rather than one corporate credit, so income tracks occupancy and turnover instead of a single lease term. The memorandum states the Trust leased the entire project to a master tenant, Passco Riverside MT, LLC, an affiliate of the depositor and trust manager, whose expected income source is project operations; it also discloses that the master tenant was newly formed and had limited capital. A property table in the memorandum reports 91.70% occupancy and a $1,993 average rent, but those figures are undated in that document and are not a statement about occupancy today.

A Form D reports only the securities being sold — the investor equity. Sponsor and distributor material often quotes the whole capital stack instead. A distributor's offering page, in an August 10, 2026 update, described up to 9,780 Class A beneficial interests at $5,000 each for a maximum equity offering of $48,900,000 within total capitalization of $89,701,000; the memorandum states a $40,801,000 KeyBank loan alongside the equity. Both framings can be accurate because they measure different things, and the memorandum's sources-and-uses table settles which figure is which.

The Form D filed December 29, 2025 states a $25,000 minimum accepted investment. A Passco executive summary distributed through a distributor in February 2026 lists a $100,000 minimum, which is common for interests bought with 1031 exchange proceeds rather than cash. Individual broker-dealers can also impose minimums higher than the offering documents require, so confirm the number that applies to you before naming this Trust as replacement property.

Top1031 lists this Trust as raising, based on the December 29, 2025 Form D — the only SEC filing on record for it. A distributor page described availability as limited in an August 10, 2026 update, which is a secondary claim. Availability moves continuously between filings, with no new SEC document required, and intermediary pages can lag actual sales. If you are inside a 45-day identification window, confirm current remaining equity directly with the sponsor or your broker-dealer rather than relying on any published figure.

Nothing in the pipeline data flags this Trust as having a 721/UPREIT exit — the structure in which a DST's property is contributed to a REIT's operating partnership in exchange for units instead of being sold for cash. The memorandum and the Trust's own documents govern exit rights, so read the sale and disposition sections rather than assuming either path.