Reston Metro
Office — sponsored by REVA Properties
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These links support the historical public record; individual details may come from different sources.
What is this, in one paragraph?
REVA Reston Metro DST is a Delaware Statutory Trust — a fractional-ownership vehicle whose interests can serve as replacement property in a 1031 exchange — sponsored by REVA Properties in a joint venture with Kay Properties and holding office real estate in Reston, Virginia. It has one SEC filing, a Form D dated January 5, 2024, offered under Rule 506(c), which permits public advertising to verified accredited investors.
Minimum investment
$50k
Offering size
$23.1M
How much has sold
62.0%
Financing
Not stated. The filings for this offering do not say whether it carries mortgage debt.
Sponsor-reported, from SEC filings and cited 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?
No public filing, sponsor material, or trade report reviewed names the building behind this Trust; the Form D gives only a Richmond, Virginia mailing address, so address, square footage, and acquisition terms are left blank rather than inferred. Separately, CTO Realty Growth announced on October 2, 2023 the closing of an $18.5 million sale of Reston Metro Center II, a 64,319-square-foot single-tenant Reston office building.1 No source reviewed links that sale to this Trust.
How did it end?
Still operating
No public sale, full-cycle, or disposition announcement exists for REVA Reston Metro DST (Reston, VA office); the Form D raised $14.3M on Jan 5, 2024, JRW Investments lists REVA with an 'Active Reston Metro DST Reviewed' status and 0 full-cycle offerings, and no AltsWire or trade-press sale coverage was found [1][2][3].
No public press coverage, sponsor marketing materials, or trade-press articles were located that name the specific underlying building for the REVA Reston Metro DST. The Form D SEC filing confirms a January 5, 2024 offering raising approximately $14.3M (issuer entity REVA Reston Metro DST, c/o 5806 Grove Avenue Ste 259, Richmond VA 23226). Sponsor is a joint venture between REVA and Kay Properties. The underlying Reston, VA office property cannot be confirmed from public sources reviewed, so address, square footage, and acquisition details are intentionally left blank rather than inferred.
Supporting evidence
Counted on REVA Properties’s Record Card as: No outcome recorded · under 7 years Document
Who's behind it?
REVA Properties is a Richmond, Virginia sponsor, and Top1031's enrichment record describes this Trust as a joint venture between REVA and Kay Properties. The Form D names Stevens M. Sadler, Christopher K. Sadler, and John M. Ramey III as related persons and executive officers of the issuer.2 Beyond that filing, no sponsor marketing material naming this specific Trust's asset was located.
- Sponsor
- REVA Properties
- May convert to a REIT
- No
- Offerings from this sponsor
- 1 active / 4 total offerings from REVA Properties
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The Trust's entire SEC record is a single document: a New Notice rather than an amendment, reporting a first sale on October 2, 2023.2 No later filing or amendment appears in the SEC submissions record for this issuer.3 The offering may be generally advertised, but each investor's accredited status must be verified.
- Form D filedFirst and latest filing on record.
- Legal Trust name
- REVA Reston Metro DST
- 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
What happened to Reston Metro?
Top1031 lists Reston Metro in the Historical cohort because its latest filing is outside the Active window. The outcome and source documents are shown separately.
Where does Top1031 get the data for Reston Metro?
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.
What is REVA Reston Metro DST?
It is a Delaware Statutory Trust sponsored by REVA Properties, described in Top1031's enrichment record as a joint venture with Kay Properties. DST interests are treated as direct real property interests for 1031 exchange purposes, which is why exchangers use them as replacement property. The Trust's asset type is office, in Reston, Virginia.
Which building does the Trust own?
Public sources do not say. No press coverage, sponsor page, or trade article reviewed names the specific Reston building, and the Form D does not describe the property. A separately reported Reston single-tenant office sale by CTO Realty Growth closed on October 2, 2023, but no reviewed source connects it to this Trust. The PPM is the place to confirm the asset.
What is the minimum investment?
The Form D reports $50,000 as the minimum accepted from any outside investor. Sponsors can and do accept different amounts in practice, and the offering documents control.
Is the Trust still accepting new investors?
The SEC record contains only the January 5, 2024 Form D, with no amendment or closing notice on file, and Top1031 lists the offering as still raising. Third-party listings are not consistent: JRW Investments' sponsor page shows a Reston Metro row with an offering status of closed. Anyone mid-exchange should confirm current availability directly with the sponsor or their own representative.
Is there debt on the property?
Unknown from public records. A Form D does not disclose property-level financing, and no leverage figure for this Trust was located in the sources reviewed. Loan terms, lender, and loan-to-value would appear in the PPM.
Can this Trust convert into a REIT interest?
Top1031's record shows no 721/UPREIT exit — the structure in which DST investors contribute their interests to a REIT's operating partnership for OP units. Nothing in the filing indicates that path for this Trust.
Chapter 7CTO Realty Growth Announces Sale of Single Tenant Office Property in Reston, Virginia For $18.5 MillionCTO Realty Growth announced the sale of a single-tenant office property in Reston, Virginia, for $18.5 million via a 1031 like-kind exchange, identifying a potential source property that may connect to the REVA Reston Metro DST filed January 2024.