Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
REVA One Independence DST is a Delaware statutory trust — a structure that lets 1031 exchangers hold fractional interests in real estate — sponsored by REVA Properties of Richmond, Virginia.1 Its Form D registered a $24.1 million offering of beneficial interests under Rule 506(c), the exemption that allows public advertising to verified accredited investors.1 The filing does not identify the underlying property.
Show sources (1)Hide sources (1)
These links support the historical public record; 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?
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 did it end?
No sale or other ending on record
No full-cycle or disposition announcement found; REVA One Independence DST is a recently-formed DST that filed its first Form D on 2023-07-31 with $15,034,118 sold (out of a $24,100,000 offering) and has only ~2.5 years of operating history, per the NASAA EFD issuer record.
Who's behind it?
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
- REVA Properties
- Legal Trust name
- REVA One Independence DST
- 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 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.
- 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
What happened to REVA One Independence DST?
Top1031 lists REVA One Independence DST as historical. It is no longer raising money.
Where does Top1031 get the data for REVA One Independence DST?
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 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 private placement memorandum (PPM) — the sponsor's full offering document, available through REVA Properties or a selling broker-dealer — to see the asset.
Is the offering still open to new investors?
Top1031 carries it as raising. The caveat is that the only filing on record is the Form D signed July 31, 2023, and no amendment or closing notice has been filed since, so the last publicly reported subscription figures are more than three years old. The sales panel on this page shows those figures as filed; confirm current availability directly with the sponsor.
What was the minimum investment?
The Form D reports that the minimum accepted from any outside investor was $241,000.[1] 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.
What does Rule 506(c) mean for this offering?
506(c) is the private-placement exemption that lets a sponsor advertise an offering publicly — on a website, in a webinar, in the press — but requires every purchaser to be an accredited investor whose income or net worth the sponsor affirmatively verifies, usually through tax documents or a letter from a CPA or attorney. That verification step is stricter than the older 506(b) route, which relies on investor self-certification but bars general advertising.
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 PPM governs, so verify the exit provisions there before relying on either outcome.