Top1031

One on 4th

Student housing property in Stillwater, OK

HistoricalLast Form D filed Aug 17, 2022 (opens in a new tab)

One on 4th was a DST that owned a student housing property in Stillwater, OK. Its last Form D was filed Aug 17, 2022.

How it ended

No outcome recorded · under 7 years

Last Form D filed Aug 17, 2022.

Key facts

Minimum investment
Not in the Form D
From the Form D
Offering size
$30,922,808
Equity offered, per the Form D
Sold
Not reported after the first Form D (Aug 17, 2022)
Form D, Aug 17, 2022
Selling commissions
$2,783,053 · 9.0% of offering
Form D Item 15; the % is our arithmetic
Financing
Leveraged. This offering reports mortgage debt on the property.
How it is financed ↓
Offered under
Rule 506(b)
General advertising and solicitation are not permitted under this exemption.

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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One on 4th image

One on 4th · Stillwater, OK · Photo: oneon4th.com

What did One on 4th own?

Multi-Housing News reported the community as a 475-bed, 190,472-square-foot student-housing asset sold by Greystar. 2 A Versity Invest Form 1-A filed with the SEC describes it as a Class A mid-rise community and states the trust, formed July 20, 2022, acquired it on July 27, 2022 for $50,625,000. 1 Berkadia materials and later law-firm write-ups put the 2022 price at roughly $52 million; the SEC figure is used here.

Property address
713 West 4th Avenue, Stillwater, OK
Property size
Furnished studio, 1-, 2-, and 4-bedroom apartments; total unit/bed count not publicly stated

How was it financed, and what did it cost to sell?

Berkadia announced $27.5 million of permanent acquisition financing that closed July 27, 2022 with the purchase, naming Versity Invest as borrower. 3 The loan runs seven years, with the first five years interest-only — meaning no principal is repaid until year six. 3

Debt

Financing
Leveraged. This offering reports mortgage debt on the property.

Costs and terms from the Form D

Selling commissions
$2,783,053 · 9.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$1,820,000 · 5.8% of offering
Form D Item 16
Broker-dealers named in the Form D
None named in the Form D
Date of first sale
Not in the Form D
Minimum investment
Not in the Form D

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.

What does the SEC record show?

A single Form D, never amended, is this trust's entire SEC record, offered under Rule 506(b), which allows sales to accredited investors without general solicitation. A later Versity Invest Form 1-A reported that 20.2687% of the trust's beneficial interests remained available as of June 30, 2023, so the 2022 filing does not reflect subsequent activity. 1

Legal Trust name
ONE ON 4TH, DST
SEC CIK
1940354
First Form D
Aug 17, 2022
Latest Form D
Aug 17, 2022
Filings on record
1
Offered under
Rule 506(b)
General advertising and solicitation are not permitted under this exemption.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount sold
Form D$30,922,808
$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 One on 4th?
One on 4th is a Historical offering. Last Form D filed Aug 17, 2022.
What does One on 4th, DST actually own?
A student-housing community at 713 West 4th Avenue in Stillwater, Oklahoma, near Oklahoma State University. Versity Invest's SEC Form 1-A describes it as a Class A mid-rise community acquired July 27, 2022 for $50,625,000, and Multi-Housing News reported it as a 475-bed, 190,472-square-foot property sold by Greystar. The property's own site lists furnished studio, one-, two-, and four-bedroom floor plans.
Who is the sponsor? The record says the sponsor is not disclosed.
The Form D itself names no sponsor company — only Blake Wettengel and Tanya Muro as officers and promoters, each described as a manager of the manager of the trust's signatory trustee. Related records tie the deal to Versity Invest, LLC: Berkadia identified Versity as borrower on the acquisition loan, and Versity's SEC Form 1-A reported owning 47.04% of the trust as of December 31, 2022.
Is the SEC data on this offering current?
No. Only one Form D was ever filed, on August 17, 2022, and no amendment appears in the SEC index. Sponsors are expected to amend annually while an offering continues, so figures on the original filing can be stale. A Versity Invest Form 1-A separately reported that 20.2687% of the trust's beneficial interests remained available as of June 30, 2023.
What is the master-lease structure, and why does it matter?
A Delaware statutory trust cannot actively operate a business, so the trust leases the whole property to a master tenant — here One on 4th LeaseCo, LLC, formed July 21, 2022 — which signs the individual student leases and subleases the units. Investors own beneficial interests in the trust; what reaches them depends on rent paid up through that master tenant.
What litigation involves this trust?
In KHCA Funding LLC v. Versity Invest, LLC, the Supreme Court of New York County issued a decision on April 10, 2026 that treated One on 4th, DST as one of the DST Defendants, denied dismissal for lack of personal jurisdiction, dismissed certain causes of action, and let the rest of the case proceed. Plaintiffs' allegations about misuse of DST syndication proceeds are allegations only; the decision adjudicated no liability.
Why are law firms publishing pages about One on 4th?
Several plaintiff-side securities firms have posted investor investigations: The White Law Group on December 1, 2025, Iorio Law PLLC on March 12, 2026, and Rosenberger Law on May 20, 2026, whose post discussed halted DST distributions and possible FINRA arbitration claims. These are law-firm marketing pages, not regulatory findings or court rulings.

In the news

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.