Top1031

Reliant/Midgard Athens DST I (RMAT)

Self-storage property in Athens, AL · sponsored by Reliant Real Estate

Active offeringLatest Form D filed Jun 9, 2026 (opens in a new tab)

Reliant/Midgard Athens DST I (RMAT) is a DST sponsored by Reliant Real Estate that owns a self-storage property in Athens, AL (459 units). Its latest Form D, filed Jun 9, 2026, lists a $8.1 million offering with a $50,000 minimum.

Key facts

Minimum investment
$50,000
From the Form D
Offering size
$8,145,740
Equity offered, per the Form D
Sold so far
None reported as of Jun 9, 2026
Form D, Jun 9, 2026
Selling commissions
$773,845 · 9.4% of offering
Form D Item 15; the % is our arithmetic
Financing
All cash. This offering reports no mortgage debt.
How it is financed ↓
Offered under
Rule 506(c)
May be advertised publicly. Every buyer’s accredited status must be verified.
Sponsor buyout right
No
Offering documents, Jun 2026 · Deal terms ↓

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 →

Sales so far

Latest Form D
Jun 9, 2026 · 1 filing

No sales reported in a Form D amendment yet. Latest notice Jun 9, 2026.

Weighing this offering for your exchange? A licensed 1031 specialist from our affiliated partner can go through these filings with you.

Ask a 1031 specialist about this recordFree. About: Reliant/Midgard Athens DST I (RMAT). Top1031 is not a broker-dealer.
Reliant/Midgard Athens DST I (RMAT) image

Reliant/Midgard Athens DST I (RMAT) · Athens, AL · Photo: transform.octanecdn.com

City-level mapAthens, AL metroMap shows the city, not the exact address.

What does the Trust own?

The Trust's property sits on two contiguous parcels at 1411 Lindsay Lane S. in Athens, Alabama: five single-story self-storage buildings on roughly 9.55 acres, with improvements completed in May 2021. 2 Sponsor affiliate Midgard Self Storage Athens AL Two, LLC bought the site from an unaffiliated seller for $6,000,000 on August 13, 2021, then contributed it to the Trust on June 5, 2026. 2 The memorandum reported the property approximately 90.7% leased as of May 18, 2026. 2

Reported location
Athens, AL
Property size
459 units; approximately 60,510 rentable square feet

How is it financed, and what did it cost to sell?

No lender sits behind this Trust: investor equity funds the entire position, so there is no mortgage to refinance and no lender that can foreclose. The memorandum states that no debt financing encumbers the property. 2

Debt

Financing
All cash. This offering reports no mortgage debt.
May convert to a REIT (721)
See Deal terms ↓

Costs and terms from the Form D

Selling commissions
$773,845 · 9.4% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$264,199 · 3.2% of offering
Form D Item 16
· The filing’s note: “Sponsor will receive Organization and Offering Expenses up to 2% + Closing Costs”
Broker-dealers named in the Form D
1 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Not in the Form D
Minimum investment
$50,000

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.

What are the deal terms?

From Reliant Real Estate’s offering documents (Jun 2026).

Your exit

Can the sponsor's affiliate buy investors out?
No

Rent and the bills

Who pays rent to the trust?
A master tenant affiliated with the sponsor
Who pays for roof and structural repairs?
Investors, through the trust
Who pays if taxes or insurance go up?
Investors, through the trust
Was the property bought from a sponsor affiliate?
Yes

Your rights

Can investors remove the manager?
No
How are disputes with the sponsor resolved?
In court

What does the SEC record show?

The only document on file at EDGAR is the initial notice of an exempt offering; no amendment or closing notice has followed. Under Rule 506(c) the sponsor may advertise publicly but must take reasonable steps to verify that every purchaser is an accredited investor under SEC income or net-worth tests. The notice names ARKap Markets LLC as dealer.

Legal Trust name
Reliant/Midgard Self Storage DST I
SEC CIK
2136626
First Form D
Jun 9, 2026
Latest Form D
Jun 9, 2026
Filings on record
1
Offered under
Rule 506(c)
May be advertised publicly. Every buyer’s accredited status must be verified.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount sold
Form D$8,145,740
$0
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

Is Reliant/Midgard Athens DST I (RMAT) an active offering?
Reliant/Midgard Athens DST I (RMAT) is an Active offering: its latest Form D was filed Jun 9, 2026. A Form D filing does not by itself confirm that interests are still available; the sponsor or a registered representative can confirm what is open.
Where exactly is the property, and what is it?
The Trust's offering documents identify two contiguous parcels at 1411 Lindsay Lane S., Athens, Alabama 35613, improved with five single-story self-storage buildings holding 459 storage units and 60,510 net rentable square feet on approximately 9.55 acres, with the improvements completed in May 2021. The same memorandum reported the property approximately 90.7% leased as of May 18, 2026 — a dated snapshot, not a current reading. Midgard Self-Storage, Reliant's own property-management company, operates the facility.
How did the Trust come to own the property?
Sponsor affiliate Midgard Self Storage Athens AL Two, LLC purchased the real estate from an unaffiliated third party for $6,000,000 on August 13, 2021. On June 5, 2026, that affiliate contributed the property to Reliant/Midgard Self Storage Holdings I, LLC, which immediately contributed it to the Trust; the memorandum identifies the Trust as the property owner. The contribution carried an imputed value of $7,007,696, which the memorandum does not describe as a cash purchase price paid by the Trust. As of the memorandum's June 15, 2026 date, the depositor still owned 100% of the Trust's beneficial interests.
Who is the tenant, and what does the master lease say?
There is no single corporate tenant behind the rent roll; a self-storage facility re-earns its occupancy continuously from individual renters. The Trust master-leased the property effective June 5, 2026 to Reliant/Midgard Self Storage MT I, LLC, a sponsor affiliate that is distinct from the facility's storage-unit renters. The master lease runs an initial ten-year term from that date and provides for up to five successive one-year renewals, subject to its conditions; beyond base rent, additional and supplemental rent depend on gross-revenue thresholds.
Is there any debt on the property?
The memorandum states that no debt financing encumbers the property. An unleveraged DST has no mortgage to refinance and no lender that can foreclose, but it also supplies no replacement debt to a 1031 exchanger who needs to match mortgage liability carried on the property they sold. That mismatch is a question for your own tax adviser before identification.
What is the minimum investment, and who can buy?
The Form D on file reports a $50,000 minimum investment in Class 1 beneficial interests, offered under Rule 506(c). Under 506(c), a sponsor may advertise an offering publicly but must take reasonable steps to verify that each purchaser is an accredited investor under the SEC's income or net-worth tests — self-certification alone is not enough. ARKap Markets LLC is named as the dealer.

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.