Reliant/Midgard Athens DST I (RMAT)
Self-storage in Athens, AL — sponsored by Reliant Real Estate
Files with the SEC as Reliant/Midgard Self Storage DST I
Minimum investment
$50k
Offering size
$8.1M
How much has sold
None sold yet
Asset type
Self-storage
Location
Athens, AL
Financing
All cash. This offering reports no mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Reliant/Midgard Athens DST I is a Delaware Statutory Trust — a structure that lets 1031 exchangers hold fractional interests in real estate — raising equity to own a self-storage facility in Athens, Alabama that carries no mortgage debt.3 Reliant's launch material calls it the firm's first DST, describes the building as completed in 2021, and names its Midgard Self-Storage affiliate as the operator.2
Min $50k; $8.15M Class 1 beneficial interests; 506(c); $0 sold as of 6/9/26 Form D; dealer ARKap Markets LLC
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These links support the public record as a whole; 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?
Reliant's launch material describes the asset as a self-storage facility in Athens, Alabama that was built in 2021 and was 91% occupied at the time of the offering.2 AltsWire reported that the acquisition price was not disclosed.3 No reviewed SEC filing or sponsor page ties a street address or an acquisition date to this Trust.
- Reported location
- Athens, AL
- Property size
- 459 units; approximately 60,510 rentable square feet
Who is the tenant, and what's the lease?
Self-storage has no single corporate tenant — income comes from many month-to-month renters, so occupancy and rents can move quickly in either direction. Reliant's material identifies Midgard Self-Storage, the sponsor's own operating company, as the facility's operator.2 No reviewed source states a master lease or a named legal tenant.
How are sales going?
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
Raise history appears here once sales are filed — free account required.
How is it financed, and what does it pay?
No lender sits behind this Trust: investor equity funds the entire purchase, so there is no mortgage to refinance and no lender that can foreclose. AltsWire reported Reliant's statement that the property is unencumbered by debt.3 It also means the Trust supplies no replacement debt to an exchanger who must match mortgage liability.
- Financing
- All cash. This offering reports no mortgage debt.
Who's behind it?
Reliant Real Estate Management is a self-storage owner-operator whose launch material describes this as its first Delaware Statutory Trust offering, run by its Midgard Self-Storage arm.2 Separately, Multi-Housing News reported on July 31, 2026 that Reliant closed an $86 million variable-rate bridge refinancing on a nine-property Midgard portfolio in Georgia, Florida and North Carolina — a different portfolio, not the Athens asset.
- Sponsor
- Reliant Real Estate
- Legal Trust name
- Reliant/Midgard Self Storage DST I
- May convert to a REIT
- No
- Offerings from this sponsor
- 1 active / 1 total offerings from Reliant Real Estate
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
EDGAR shows only the initial notice of an exempt offering — no amendments and no closing notice. Interests may be generally advertised, but the sponsor must verify each purchaser's accredited status (an SEC income or net-worth test) before any sale. The notice names ARKap Markets LLC as the offering's dealer.
- Form D filedFirst and latest filing on record.
- Filings on record
- 1
- How it may be offered
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- 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
Is Reliant/Midgard Athens DST I (RMAT) still raising money?
Top1031 lists Reliant/Midgard Athens DST I (RMAT) as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.
Where does Top1031 get the data for Reliant/Midgard Athens DST I (RMAT)?
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.
Is this Trust still open to new investors?
Yes, on the public record. Its only SEC filing, the Form D notice of an exempt offering filed June 9, 2026, reports the offering as open, and no amendment or closing notice has been filed since.[1] AltsWire reported that the offering targets a June 30, 2027 close — a stated target, not a completed event.[3]
Where exactly is the property?
Athens, Alabama. Reliant's launch material and press coverage name the city and state only, and no street address appears in the Form D.[2] Research through August 21, 2026 found no reviewed source tying a specific street address or parcel to this Trust. The PPM (Private Placement Memorandum) and title documents are where the legal description appears.
Is there any debt on the property?
No. The offering is unleveraged, and AltsWire reported Reliant's statement that the property is unencumbered by debt.[3] A DST with no loan has no mortgage to refinance and no lender that can foreclose, but it also supplies no replacement debt for an exchanger who must match mortgage liability from the property they sold.
Who runs the buildings day to day?
Reliant's launch material says Midgard Self-Storage, the sponsor's own operating company, runs the facility.[2] Self-storage income depends on continuously re-leasing individual units rather than on one corporate tenant, so management execution drives results more directly than in a single-tenant net-lease DST. The management agreement's fees, term and termination rights are set out in the offering documents.
Can this Trust roll into a REIT at the end?
Nothing in the public filings indicates a 721/UPREIT feature — the arrangement in which DST interests are exchanged for operating-partnership units in a REIT instead of cash. The filings describe a self-storage property held in a Delaware Statutory Trust, with no stated conversion mechanism.
What is the minimum investment?
The Form D filed June 9, 2026 states a $50,000 minimum investment, in Class 1 beneficial interests.[1] Because the offering relies on Rule 506(c), the sponsor may advertise publicly but must take reasonable steps to verify that every purchaser is an accredited investor — someone meeting the SEC's income or net-worth tests.
Chapter 9Reliant Launches Inaugural DST With $8.1M All-Cash Alabama Self-Storage OfferingAltsWire reported that Reliant launched its inaugural $8.1 million DST backed by a 459-unit, approximately 60,510-rentable-square-foot self-storage property in Athens, Alabama, with a targeted June 30, 2027 close. Reliant Real Estate Management Launches Reliant/Midgard Athens DSTReliant Real Estate Management launched its inaugural DST with an $8.1M all-cash Alabama self-storage offering.