Hopper Lofts
Multifamily property in Richmond, VA
Hopper Lofts was a DST that owned a multifamily property in Richmond, VA. Its last Form D was filed Jul 12, 2023.
How it ended
Last Form D filed Jul 12, 2023.
Key facts
- Minimum investment
- $10,000From the Form D
- Offering size
- $18,565,004Equity offered, per the Form D
- Sold
- Not reported in its Form D filings (latest Jul 12, 2023)Form D, Jul 12, 2023
- Selling commissions
- Form D Item 15; the % is our arithmetic$1,670,850 · 8.9% of offering
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.How it is financed ↓
- 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: Hopper Lofts. Top1031 is not a broker-dealer.Hopper Lofts · Richmond, VA · Photo: assets.simpleviewinc.com
What did Hopper Lofts own?
The trust's legal name points to 700 Everett Street, and the only public property found at that address is Hopper Lofts, a 139-unit apartment complex in Richmond's Manchester neighborhood that New York-based Mercer Street Partners bought for $14.3 million in September 2018. 3 No SEC filing, property page, or sponsor document reviewed states that 700 Everett Fee, DST owns it. Treat the match as a lead, not a fact.
- Reported location
- Richmond, VA
- Property size
- 550–1,151 square feet per unit
How was it financed, and what did it cost to sell?
Nothing in the Form D record describes how this trust is capitalized, so whether it carries mortgage debt or was funded all-cash is not on the public record. Separately, Northmarq reported arranging a $14 million Fannie Mae permanent loan on the 700 Everett Street property in September 2022, a transaction no reviewed document ties to this trust. 5
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
- $1,670,850 · 8.9% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $916,500 · 4.9% of offeringForm D Item 16
- Broker-dealers named in the Form D
- 1 named in the Form D
Show the firms
- Emerson Equity LLC · CRD 130032
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Not in the Form D
- Minimum investment
- $10,000
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 Hopper Lofts?
The initial Form D identifies Alex Libin and Joe LeVine as executive officers and authorized signatories of the signatory trustee, filing from a business address at 7 World Trade Center in Manhattan. 2 Beyond those two names, no sponsor firm appears anywhere in the SEC record for this trust — there is no program history, prior-offering list, or platform track record to examine in public filings.
What does the SEC record show?
The trust filed its first Form D — the one-page notice of an exempt securities sale — in 2022, signing it on August 29, then amended that notice twice during 2023. 2 It is offered under Rule 506(c), which permits public advertising but requires the issuer to verify that every buyer is an accredited investor. Nothing has been filed since.
- Legal Trust name
- 700 Everett Fee, DST
- SEC CIK
- 1943940
- First Form D
- Aug 30, 2022
- Latest Form D
- Jul 12, 2023
- Filings on record
- 3
- 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 | Filing on SEC EDGAR |
|---|---|---|---|---|
| Form D/A | $18,565,004 | $0 | EDGAR | |
| Form D/A | $18,565,004 | $0 | EDGAR | |
| Form D | $18,565,004 | $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
- What happened to Hopper Lofts?
- Hopper Lofts is a Historical offering. Last Form D filed Jul 12, 2023.
- Does this trust actually own Hopper Lofts in Richmond?
- That is unresolved. The trust's legal name, 700 Everett Fee, DST, matches the street address of Hopper Lofts at 700 Everett St, Richmond, Virginia, and that is the only non-marketplace public property found at the address. But no SEC filing, deed record, property website, or sponsor page reviewed as of August 25, 2026 states that this trust owns or offers that building. Anyone relying on the connection would need to confirm it in the offering documents and in title records.
- Who is the sponsor?
- No sponsor firm is named in the SEC record. The initial Form D lists Alex Libin and Joe LeVine as executive officers and authorized signatories of the signatory trustee, with a business address at 7 World Trade Center in New York. Because no sponsor is identified, there is no disclosed platform, prior-offering history, or track record attached to this trust in public filings.
- Mercer Street says it sold Hopper Lofts in 2024. What does that mean for this trust?
- Mercer Street Partners' investments page states that it sold the property in 2024. Because no document reviewed establishes that 700 Everett Fee, DST ever held Hopper Lofts, that sale cannot be attributed to this trust, and the trust's own asset disposition, if any, is not reported in its SEC filings.
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.