REVA One Independence DST
sponsored by REVA Properties
REVA One Independence DST, sponsored by REVA Properties, filed its first Form D with the SEC on Jul 31, 2023 for a $24.1 million offering. Its last Form D was filed Jul 31, 2023.
How it ended
Last Form D filed Jul 31, 2023.
Key facts
- Minimum investment
- $241,000From the Form D
- Offering size
- $24,100,000Equity offered, per the Form D
- Sold
- 62.3%Form D, Jul 31, 2023; the % is our arithmetic
- Investors reported
- Form D, Jul 31, 202353
- Selling commissions
- Form D Item 15; the % is our arithmetic$1,353,071 · 5.6% of offering
- 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 →
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Ask a 1031 specialist about this recordFree. About: REVA One Independence DST. Top1031 is not a broker-dealer.What did REVA One Independence DST own?
The public record located through September 1, 2026 does not identify the property behind this Trust. The Form D places the issuer in a generic "Other" real-estate category, names no asset or tenant, and gives no address other than the sponsor's Richmond, Virginia office. 1 No similarly named REVA asset has been tied to this trust in the records reviewed.
How was it financed, and what did it cost to sell?
Costs and terms from the Form D
- Selling commissions
- $1,353,071 · 5.6% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $712,500 · 2.9% of offeringForm D Item 16
- Broker-dealers named in the Form D
- 1 named in the Form D
Show the firms
- FNEX Capital, LLC · CRD 166316
Individual representatives named in Item 12 are not listed.
- Date of first sale
- May 11, 2023
- Minimum investment
- $241,000
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.
Who's behind REVA One Independence DST?
REVA Properties is the DST program of Real Estate Value Advisors, which the Form D names as promoter and sole member of the trust's signatory trustee. 1 The same filing lists Stevens M. Sadler and Christopher K. Sadler as directors and managers of the signatory trustee and John M. Ramey III as its vice president. 1 The firm operates from Richmond, Virginia, and files as a regional sponsor rather than one of the national DST platforms. 1
- Sponsor
- Offerings on record
What does the SEC record show?
The Trust's SEC file has never been amended. The original notice reported a first sale on May 11, 2023, and nothing further has been filed under this CIK since. 1 The exemption relied on permits general solicitation, provided every purchaser is an accredited investor whose status the sponsor verifies.
- Legal Trust name
- REVA One Independence DST
- SEC CIK
- 1987873
- First Form D
- Jul 31, 2023
- Latest Form D
- Jul 31, 2023
- Filings on record
- 1
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D | $24,100,000 | $15,034,118 | 53 | 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 REVA One Independence DST?
- REVA One Independence DST is a Historical offering. Last Form D filed Jul 31, 2023.
- What property does REVA One Independence DST own?
- The public filings do not say. The Trust's only SEC document is a Form D notice, which identifies the issuer, the offering size and the people behind the trustee, but places the issuer in a generic "Other" real-estate category and names no building, city or tenant. Investors would need the offering documents, available through REVA Properties or a selling broker-dealer, to see the asset.
- What was the minimum investment?
- The Form D reports that the minimum accepted from any outside investor was $241,000. DST minimums are typically set to match whole beneficial interests, and a 1031 exchanger's required equity is usually driven by the size of the relinquished property's proceeds and debt rather than the stated floor.
- Has the Trust sold its property or gone full cycle?
- No completed sale, disposition or other material property event is established for REVA One Independence DST in the records located through September 1, 2026. That is an absence of evidence rather than evidence of an outcome — DSTs are not periodic SEC reporting companies, so a sale can occur without any public filing. Sponsor investor reporting is the place to confirm.
- Can this Trust convert into a REIT interest?
- Nothing in the record indicates a 721/UPREIT exit — the structure in which a DST's property is later contributed to a REIT's operating partnership in exchange for units. Top1031 records this Trust as having no such conversion feature. The offering documents govern, so verify the exit provisions there before relying on either outcome.
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.