ERP 1031 Industrial Portfolio
Industrial property in Midland, TX · sponsored by ERP 1031
ERP 1031 Industrial Portfolio was a DST sponsored by ERP 1031 that owned 4 industrial properties in Midland, TX. Its last Form D was filed Nov 9, 2023.
How it ended
No outcome recorded · under 7 years
The record lists the offering as fully subscribed; the last Form D was filed Nov 9, 2023.
Key facts
- Minimum investment
- $50,000From the Form D
- Offering size
- $44,241,222Equity offered, per the Form D
- Sold
- 31.1%Form D, Nov 9, 2023; the % is our arithmetic
- Investors reported
- Form D, Nov 9, 202349
- Selling commissions
- Form D Item 15; the % is our arithmetic$3,981,709 · 8.9% of offering
- Financing
- Leveraged. This offering reports mortgage debt on the property.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 →
Using this record to judge the sponsor? A licensed 1031 specialist from our affiliated partner can talk it through with you.
Ask a 1031 specialist about this recordFree. About: ERP 1031 Industrial Portfolio. Top1031 is not a broker-dealer.What did ERP 1031 Industrial Portfolio own?
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
How was it financed, and what did it cost to sell?
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.
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Costs and terms from the Form D
- Selling commissions
- $3,981,709 · 8.9% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $1,169,292 · 2.6% of offeringForm D Item 16· The filing’s note: “The Sponsor is entitled to an acquisition fee of $285,000 + organization and offering expense reimbursement of $884,292”
- Broker-dealers named in the Form D
- 5 named in the Form D
Show the firms
- Arkadios Capital · CRD 282710
- Concorde Investment Services, LLC · CRD 151604
- Emerson Equity LLC · CRD 130032
- KCD Financial, Inc. · CRD 127473
- Venure.co Brokerage Services LLC · CRD 173924
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Dec 2, 2022
- Minimum investment
- $50,000
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. The issuer marked these amounts as an estimate.
Who's behind ERP 1031 Industrial Portfolio?
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
- Offerings on record
What does the SEC record show?
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
- Legal Trust name
- ERP 1031 Industrial Portfolio DST
- SEC CIK
- 1925297
- First Form D
- Oct 18, 2022
- Latest Form D
- Nov 9, 2023
- Filings on record
- 2
- 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 | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D/A | $44,241,222 | $13,772,134+$13,772,134 | 49 | EDGAR | |
| Form D | $44,241,222 | $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 ERP 1031 Industrial Portfolio?
- ERP 1031 Industrial Portfolio is a Historical offering. The record lists the offering as fully subscribed; the last Form D was filed Nov 9, 2023.
- 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. The property schedule in the offering documents 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.
- 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 offering documents 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. 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 offering documents.
In the news
Sources
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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.