Top1031

Reston Metro

Office property · sponsored by REVA Properties

HistoricalLast Form D filed Jan 5, 2024 (opens in a new tab)

Reston Metro was a DST sponsored by REVA Properties that owned an office property. Its last Form D was filed Jan 5, 2024.

How it ended

No outcome recorded · under 7 years

Last Form D filed Jan 5, 2024.

Key facts

Minimum investment
$50,000
From the Form D
Offering size
$23,150,000
Equity offered, per the Form D
Sold
61.8%
Form D, Jan 5, 2024; the % is our arithmetic
Investors reported
57
Form D, Jan 5, 2024
Selling commissions
$2,083,500 · 9.0% of offering
Form D Item 15; the % is our arithmetic
Financing
Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
Offered under
Rule 506(c)
May be advertised publicly. Every buyer’s accredited status must be verified.

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 →

Using this record to judge the sponsor? A licensed 1031 specialist from our affiliated partner can talk it through with you.

Ask a 1031 specialist about this recordFree. About: Reston Metro. Top1031 is not a broker-dealer.

What did Reston Metro own?

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 was it financed, and what did it cost to sell?

Debt

Financing
Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.

Costs and terms from the Form D

Selling commissions
$2,083,500 · 9.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$1,003,500 · 4.3% of offering
Form D Item 16
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
Oct 2, 2023
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 does the SEC record show?

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.

Legal Trust name
REVA Reston Metro DST
SEC CIK
2006830
First Form D
Jan 5, 2024
Latest Form D
Jan 5, 2024
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 soldInvestors
Form D$23,150,000
$14,324,581
57
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

What happened to Reston Metro?
Reston Metro is a Historical offering. Last Form D filed Jan 5, 2024.
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 offering documents are 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 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 offering documents.
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.

In the news

Sources

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These links support the record as a whole; individual details may come from different sources.

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.