Minimum investment
$50k
Offering size
$44.2M
How much has sold
31.0%
Asset type
Industrial
Location
Midland, TX
Financing
Leveraged. This offering reports mortgage debt on the property.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
ERP 1031 Industrial Portfolio DST is a Delaware statutory trust — a fractional ownership structure 1031 exchangers can use as replacement property — organized in 2022.1 It holds single-tenant, net-leased industrial real estate serving the energy industry in the Permian Basin. AltsWire reported on September 26, 2024 that the sponsor had fully subscribed the offering, raising about $44.2 million of equity.3
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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?
Sponsor materials describe industrial buildings serving Permian Basin energy operations, spanning more than 319,000 square feet and 148 acres along Highway 191, FM 1788, Business 20, and Interstate 20.3 That same September 2024 account counted 28 properties at $64.2 million.3 The figures shown below differ, and the exact count, street addresses, and acquisition dates are not settled in the located public record.
- Reported location
- Midland, TX
- Property size
- 4 properties / ~$62.2M portfolio value
Who is the tenant, and what's the lease?
The sponsor described the properties as single-tenant and net-leased, meaning the tenant rather than the Trust carries operating costs such as taxes, insurance, and maintenance.3 Named tenants, lease lengths, renewal options, and expiration dates do not appear in the located public record.
How did it end?
No ending on record
No public disposition, full-cycle announcement, or property sale has been identified for the ERP 1031 Industrial Portfolio DST in sponsor news, AltsWire, or industry trade press.
Single-tenant industrial portfolio serving the energy industry in the Permian Basin (4 industrial properties); ~$44.2M equity / ~$62.2M total portfolio value; original DST launched April 2022 and fully subscribed per AltsWire.
4 properties / ~$62.2M portfolio valueSupporting evidence
How is it financed, and what does it pay?
The Form D filings disclose no debt, and no lender, loan amount, or maturity appears in the located public record. Whether the Trust is leveraged or holds its property free of mortgage debt is unresolved outside the offering documents.
Who's behind it?
ERP 1031 sponsors Delaware statutory trusts holding industrial property tied to Permian Basin energy activity; the Form D/A names ERP 1031, LLC as this Trust's sponsor.1 AltsWire reported on July 1, 2025 that the sponsor fully subscribed a second Permian Basin industrial DST, a separate offering from this one.4 The White Law Group published a page on March 27, 2025 saying it was reviewing investor complaints tied to this Trust; no filed lawsuit, judgment, or regulatory finding appears in the located record.5
- Sponsor
- ERP 1031
- Legal Trust name
- ERP 1031 Industrial Portfolio DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 2 active / 4 total offerings from ERP 1031
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The Trust's first Form D — the brief notice private issuers file with the SEC — went in under Rule 506(b), which bars general advertising.2 The single amendment moved the offering to Rule 506(c), open only to investors whose accredited status is verified, and reported a first sale dated December 2, 2022.1
- 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
What happened to ERP 1031 Industrial Portfolio?
Top1031 lists ERP 1031 Industrial Portfolio as historical. It is no longer raising money.
Where does Top1031 get the data for ERP 1031 Industrial Portfolio?
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 this Trust still open to new investors?
AltsWire reported on September 26, 2024 that the sponsor had fully subscribed the ERP 1031 Industrial Portfolio DST offering, with roughly $44.2 million of equity raised from accredited investors.[3] No Form D amendment after November 9, 2023 was located in SEC records, so the close is documented by the sponsor's announcement rather than by a final SEC filing.
What does the Trust actually own?
Single-tenant, net-leased industrial property serving the energy industry in the Permian Basin. The sponsor's September 2024 description cited more than 319,000 square feet across 148 acres along Highway 191, FM 1788, Business 20, and Interstate 20, and counted 28 properties at $64.2 million — a count and value that do not reconcile with the property schedule carried on this record.[3] The property schedule in the PPM is the controlling document.
Who are the tenants?
Not established in public material. The sponsor characterized the buildings as single-tenant and net-leased to businesses serving Permian Basin energy activity, but no tenant names, lease terms, expiration dates, or occupancy figures appear in the SEC filings or the located public record.[3]
Does the Trust use mortgage debt?
Unknown from public sources. Form D filings do not report leverage, and no lender, loan amount, loan-to-value, or maturity date for this Trust was located. An investor would need the PPM and the loan documents to establish whether the Trust is leveraged.
What is the White Law Group investor alert about?
The White Law Group, a securities law firm, published a page dated March 27, 2025 stating it was reviewing investor complaints and potential claims related to this DST.[5] That page does not establish a filed lawsuit, judgment, settlement, regulatory finding, foreclosure, or realized investor loss, and no such proceeding was found in the public record reviewed.
Can this Trust convert into a REIT?
The record shows no 721/UPREIT exit — the mechanism by which some DSTs contribute property to a REIT operating partnership in exchange for units. Investors in this Trust would look to a property sale or other disposition, the terms of which are governed by the trust agreement and PPM.
Chapter 9ERP 1031 Industrial Portfolio DST: Investor AlertWhite Law Group published an investor alert regarding the original ERP 1031 Industrial Portfolio DST (~$44.2M equity). ERP Industrials Fully Subscribes $44 Million Industrial DST Offering Focused on Permian Basin AssetsAltsWire reported that the ERP 1031 Industrial Portfolio DST, launched April 2022, raised approximately $44.2M in equity invested in a ~$62.2M Permian Basin industrial portfolio.