Hopper Lofts
Multifamily property in Richmond, VA — sponsor not disclosed
Files with the SEC as 700 Everett Fee, DST
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
700 Everett Fee, DST is a Delaware Statutory Trust — a structure that holds real estate while 1031 exchangers own fractional beneficial interests — that registered an apartment offering with the SEC in 2022 under Rule 506(c). Its filings name no sponsor and no property. The address in its legal name points to Hopper Lofts in Richmond, Virginia, but no reviewed document confirms the trust owns it.
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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 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
Who is the tenant, and what's the lease?
An apartment property has no single tenant: income comes from residents on short leases rather than one corporate credit. The three Form D filings describe no master tenant or management arrangement. The Richmond property at this address is professionally managed by GoldOller Management Services.4
How did it end?
No sale or other ending on record
Mercer Street Partners' Investments page states that it sold Hopper Lofts, a 139-unit Richmond apartment property, in 2024; because the disclosure is property-level and does not name 700 Everett Fee, DST or state investor-return figures, this is a medium-confidence property-level disposition match.
The only non-marketplace public property match located for the legal trust's 700 Everett identifier is Hopper Lofts at 700 Everett St; public property pages do not explicitly state that Hopper Lofts is owned by or offered through 700 Everett Fee, DST. Listings show one- and two-bedroom apartments with unit sizes of 550–1,151 square feet, but no total unit count was found.
550–1,151 square feet per unitHow is it financed, and what does it pay?
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
Who's behind it?
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.
- Sponsor
- Sponsor not disclosedThe filing does not identify a sponsor we can confirm.
- Legal Trust name
- 700 Everett Fee, DST
- May convert to a REIT
- No
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
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.
- First Form D filedThe public offering record begins.
- Offering amount recordedA Form D amendment recorded offering and sales totals.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Filings on record
- 3
- 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 Hopper Lofts?
Top1031 lists Hopper Lofts as historical. It is no longer raising money.
Where does Top1031 get the data for Hopper Lofts?
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.
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's private placement memorandum (PPM), the confidential offering document, 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.
Is the offering still open to new investors?
The public record does not say. A Form D reports what an issuer chooses to report at the time of filing, and this trust has filed nothing since its last amendment on July 12, 2023. There is no filed notice of termination and no updated sales report, so open-or-closed status cannot be determined from the SEC file alone.
What does Rule 506(c) mean for how I would encounter this offering?
Rule 506(c) is the private-placement exemption that permits general solicitation — public advertising, websites, mailers — in exchange for a stricter duty on the issuer: it must take reasonable steps to verify that every purchaser is an accredited investor, typically by reviewing tax returns, brokerage statements, or a letter from your CPA or attorney. Self-certification alone is not enough under 506(c).
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.
What is a DST, in plain terms?
A Delaware Statutory Trust holds title to real estate while investors own fractional beneficial interests in the trust. The IRS treats those interests as like-kind replacement property, so a 1031 exchanger can defer capital gains by moving sale proceeds into a DST. Investors have no management role; the trustee and sponsor make operating decisions under a fixed set of powers described in the PPM.