Minimum investment
Not stated
Offering size
$11.3M
How much has sold
50.0%
Asset type
Build-to-rent single-family/townhome rental (55+ active adult) property
Location
Ruther Glen, VA
Financing
Leveraged. This offering reports mortgage debt on the property.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Velocis Maple Grove BTR DST is a Delaware statutory trust — a structure letting 1031 exchange investors hold fractional interests in one property — that owns Maple Grove, a build-to-rent rental community for residents 55 and older in Ruther Glen, Virginia, outside Richmond.1 The Trust acquired it on August 25, 2025.1 Velocis announced on August 14, 2026 that the $11.3 million equity raise was fully subscribed.2
LTV 47.2%; min $100k 1031/$25k cash; Fannie Mae loan 5.13%, 10yr/7yr IO; delivered 2023; total offering $21.4M
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These links support the public record as a whole; 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?
Maple Grove is a build-to-rent community of single-family-style homes and townhomes restricted to residents 55 and older, delivered in 2023. The Trust was formed to hold it and acquired the property on August 25, 2025, about six weeks before its first Form D notice reached the SEC.1 A sponsor rent roll dated August 18, 2025 splits the community into 58 two-bedroom and 8 three-bedroom homes.1 No reviewed source states what the Trust paid.
- Property address
- 7132 Maple Grove Way, Ruther Glen, VA
- Property size
- 66 units
Who is the tenant, and what's the lease?
There is no corporate tenant here: income comes from many individual resident leases, so cash flow turns on turnover and rent levels rather than one credit. The community's public leasing page markets homes with a 12-month lease option.3 Reviewed sources name no property manager and establish no verified current occupancy.
How are sales going?
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
50.0% reported sold
- Amount sold
- $5,667,537
- Still available
- $5,643,097
- Investors reported
- 18
- Total offering
- $11,310,634
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How is it financed, and what does it pay?
Investor equity sits beneath an agency mortgage from Fannie Mae, so the loan's covenants govern refinancing, prepayment and sale timing. Sponsor material puts loan proceeds at $10,117,000 within a total capitalization of $21,427,634, with an interest-only period in the loan's early years.1
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Who's behind it?
Velocis is a Dallas-based real estate investment manager that sponsors this Trust through its exchange arm, Velocis Exchange, LLC.1 Velocis Maple Grove BTR DST Manager, LLC is named as the trust's manager. AltsWire reported the offering's launch on September 23, 2025.4 Velocis announced on August 14, 2026 that the raise — its second Delaware statutory trust offering — had been fully subscribed.2
- Sponsor
- Velocis
- Legal Trust name
- Velocis Maple Grove BTR DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 1 active / 2 total offerings from Velocis
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The SEC record here is short: an initial notice followed by a single amendment that updated the sales figures reported at launch. The Trust is offered under the exemption permitting general solicitation provided each investor's accredited status — SEC income or net-worth tests — is separately verified, which is why the launch was announced publicly.
- First Form D filedThe public offering record begins.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Filings on record
- 2
- 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
Is Maple Grove still raising money?
Top1031 lists Maple Grove as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.
Where does Top1031 get the data for Maple Grove?
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.
Is the offering still open?
The EDGAR record ends with a Form D amendment dated December 31, 2025, which still reported equity available. Velocis announced on August 14, 2026 that the $11.3 million equity raise had been fully subscribed, and AltsWire reported the raise closed on August 6, 2026. No later Form D amendment confirming a final close appears on EDGAR, so the filing record and the sponsor's announcement have not been reconciled.
Is this a net-leased, single-tenant property?
No. Maple Grove is a residential build-to-rent community, so income depends on many individual resident leases rather than one corporate tenant's credit. The community's public leasing page shows a 12-month lease option. No master lease or named tenant entity appears in the public filing record.
Who runs the community day to day?
No primary record reviewed names the property manager or operator, and the SEC filings do not identify one. Whoever manages the community, the terms and fees of any management agreement with the Trust would be described in the PPM — the Private Placement Memorandum, the offering's full legal disclosure document.
What does the 55+ designation mean here?
Sponsor material describes Maple Grove as an age-restricted 55+ active-adult build-to-rent community, meaning residency is limited by age rather than open to all renters. Age-restricted communities draw from a narrower renter pool than conventional apartments. The specific age covenants, amenity obligations and marketing limits would be set out in the PPM.
Can my interest be rolled into a REIT later?
The record shows no 721/UPREIT exit — the structure in which DST interests are contributed to a REIT's operating partnership in exchange for units. Absent that path, an eventual sale of the property is the exit contemplated. Exit and sale provisions are described in the PPM.
What is not settled by the public filings?
The purchase price, the loan documents, standard lease terms across the community, the identity and contract of the property manager, and any independently verified occupancy figure are all absent from the SEC record. The capital stack, lender, acquisition date and delivery year come from sponsor material or sponsor statements reported by trade press. Those gaps are PPM questions.
Chapter 9Velocis Maple Grove DST | Peak Capital Solutions WebinarA Zoom webinar announcement for the Velocis Maple Grove DST, a $21,427,634 Delaware statutory trust offering for a 66-unit 55+ build-to-rent community in Ruther Glen, VA, with a 47.21% LTV Fannie Mae loan at 5.13%. Velocis Exchange Launches $11.3M Build-to-Rent DST Offering in Richmond MarketVelocis Exchange launched the Maple Grove BTR DST, a $11.3 million Delaware statutory trust that acquired a recently constructed 66-unit single-family rental community for adults 55 and older in Ruther Glen, Virginia (Richmond market).