MDI Overland Park Net Lease DST
in Overland Park, KS
Active offeringLatest Form D filed Aug 19, 2026 (opens in a new tab)
MDI Overland Park Net Lease DST filed its first Form D with the SEC on Aug 19, 2026 for a $6.6 million offering. Its latest Form D, filed Aug 19, 2026, lists a $6.6 million offering with a $100,000 minimum.
Key facts
- Minimum investment
- $100,000From the Form D
- Offering size
- $6,657,515Equity offered, per the Form D
- Sold so far
- Form D, Aug 19, 2026$0
- Investors reported
- Form D, Aug 19, 20260
- Selling commissions
- Form D Item 15; the % is our arithmetic$599,176 · 8.9% of offering
- Financing
- All cash. This offering reports no 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 →
Sales so far
- Latest Form D
- Aug 19, 2026 · 1 filing
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
- Amount sold
- $0
- Not yet sold
- $6,657,515
- Investors
- 0
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What does the Trust own?
Medalist Diversified reported closing on 14939 Metcalf Avenue on July 29, 2026 for $5,800,000, funded with cash on hand. 3 A filed property financial statement names this Trust as the acquirer, buying from 14939 Metcalf Ave., LLC. 4 That closing filing measures the building at roughly 16,100 square feet on about 1.64 acres. 3 Medalist's August 25, 2026 offering announcement instead says 17,592 square feet on 1.58 acres, and the located records do not reconcile the two. 2
- Reported location
- Overland Park, KS
How is it financed, and what did it cost to sell?
Sponsor materials present the Trust as all-cash: the property was capitalized entirely with equity, with no Trust-level lender and no mortgage. 2 An unleveraged DST carries no refinancing or lender-default risk, but it also supplies no replacement debt for an exchanger who must match a mortgage paid off on the relinquished property.
Debt
- Financing
- All cash. This offering reports no mortgage debt.
- May convert to a REIT (721)
Costs and terms from the Form D
- Selling commissions
- $599,176 · 8.9% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $233,339 · 3.5% of offeringForm D Item 16· The filing’s note: “Sponsor will receive an Acquisition Fee of $92,800 and an Organizational + Offering Expenses of $95,000 + $45,539 for Closing Cost reimbursements.”
- Broker-dealers named in the Form D
- 1 named in the Form D
Show the firms
- Realta Equities, Inc. · CRD 23769
Individual representatives named in Item 12 are not listed.
- Minimum investment
- $100,000
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.
What are the deal terms?
From Medalist / MDI Sponsor’s offering documents (Aug 2026).
Your exit
- Can the sponsor's affiliate buy investors out?
- Yes, after 2 years
All investors must hold 2 years.
Rent and the bills
- Who pays rent to the trust?
- The property's tenants directly
- Who pays for roof and structural repairs?
- The tenant or master tenant
- Who pays if taxes or insurance go up?
- The tenant or master tenant
Your rights
- Can investors remove the manager?
- No
- How are disputes with the sponsor resolved?
- In court
Who's behind the Trust?
MDI Sponsor, LLC is the entity named as sponsor on the Trust's Form D. 1 Medalist Diversified, Inc. (Nasdaq: MDRR) announced its DST sponsor platform on May 6, 2026 alongside an inaugural Tesla-leased offering in Pensacola, Florida; AltsWire reported on August 10, 2026 that the debut trust fully subscribed at nearly $8.6 million. Medalist announced this Trust on August 25, 2026 as the platform's second offering. 2 Its current-offering page lists the Trust as open for 1031 subscriptions. 5
What does the SEC record show?
What is on file for the Trust is the brief notice an issuer files to claim an exemption from SEC registration — not a prospectus the SEC reviews — and no amendment has followed it. 1 Medalist separately amended its July 29 acquisition report on September 25, 2026 to add historical revenues and certain expenses for the property. 4
- Legal Trust name
- MDI Overland Park Net Lease DST
- SEC CIK
- 2149380
- First Form D
- Aug 19, 2026
- Latest Form D
- Aug 19, 2026
- 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 | Filing on SEC EDGAR |
|---|---|---|---|---|
| Form D | $6,657,515 | $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
- Is MDI Overland Park Net Lease DST an active offering?
- MDI Overland Park Net Lease DST is an Active offering: its latest Form D was filed Aug 19, 2026. A Form D filing does not by itself confirm that interests are still available; the sponsor or a registered representative can confirm what is open.
- Does MDI Overland Park Net Lease DST have a 721 UPREIT exit?
- The record lists a possible 721 exit for MDI Overland Park Net Lease DST. It is an option, not a completed transaction; the offering documents set whether and when it can happen. In a 721 exchange, or UPREIT, the DST’s property is contributed to a REIT’s operating partnership and investors receive operating-partnership units instead of cash.
- How a DST-to-721 UPREIT exit works
- What does this Trust own?
- A single automotive collision-repair building at 14939 Metcalf Avenue in Overland Park, Kansas, a Kansas City suburb. Medalist Diversified reported closing the $5,800,000 acquisition on July 29, 2026, funded with cash on hand, and a filed property financial statement names MDI Overland Park Net Lease DST as the buyer, acquiring from 14939 Metcalf Ave., LLC. The closing filing describes roughly 16,100 square feet on about 1.64 acres; Medalist's August 25, 2026 offering announcement instead describes 17,592 square feet on 1.58 acres. The located records do not reconcile the difference, and the offering documents control.
- Who is the tenant, and what does the lease say?
- The tenant is Caliber Holdings, LLC, which runs the site as a Caliber Collision body shop. Medalist's August 25, 2026 announcement describes a 15-year absolute net lease with approximately 12 years remaining, 10% contractual rent increases every five years, and a guarantee from Wand Newco 3, Inc. Property financial statements Medalist filed state that under the lease the tenant directly pays utilities, real estate taxes, repairs and maintenance, and maintains property insurance. The offering documents control the actual terms.
- Is there a mortgage on the property?
- No. Medalist's August 25, 2026 announcement describes the offering as all-cash and debt-free, so there is no Trust-level lender and no scheduled debt service. For a 1031 exchanger, an all-cash DST supplies no replacement debt, which matters if the relinquished property carried a mortgage that must be matched to avoid taxable boot.
- How concentrated is the risk?
- Heavily. The Trust holds one building leased to one tenant. A property financial statement Medalist filed reports that Caliber Holdings, LLC accounted for 100% of the property's rental revenues in 2025 and in the six months ended June 30, 2026 — periods that precede the Trust's acquisition, and a revenue measure rather than an independently verified physical occupancy figure. The lease is guaranteed by Caliber's corporate parent, Wand Newco 3, Inc. There is no second property or second tenant to offset a vacancy, a default, or a change in the collision-repair business.
- Has this sponsor done a DST before?
- Yes, one. Medalist Diversified, Inc. (Nasdaq: MDRR) announced its DST sponsor platform and an inaugural Tesla-leased Pensacola, Florida offering on May 6, 2026, and AltsWire reported on August 10, 2026 that the debut trust had fully subscribed, raising nearly $8.6 million. This Overland Park Trust, announced August 25, 2026, is the platform's second offering — a separate trust with its own property, tenant, lease and economics.
In the news
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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.