ERP 1031 Industrial Portfolio II DST
Net lease industrial property in Midland and Odessa, TX · sponsored by ERP 1031
ERP 1031 Industrial Portfolio II DST was a DST sponsored by ERP 1031 that owned 29 net lease industrial properties in Midland and Odessa, TX. Its last Form D was filed Nov 5, 2024.
How it ended
No outcome recorded · under 7 years
The record lists the offering as fully subscribed; the last Form D was filed Nov 5, 2024.
Key facts
- Minimum investment
- $50,000From the Form D
- Offering size
- $49,880,000Equity offered, per the Form D
- Sold
- 0.1%Form D, Nov 5, 2024; the % is our arithmetic
- Investors reported
- Form D, Nov 5, 20241
- Selling commissions
- Form D Item 15; the % is our arithmetic$4,489,200 · 9.0% 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 →
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Ask a 1031 specialist about this recordFree. About: ERP 1031 Industrial Portfolio II DST. Top1031 is not a broker-dealer.What did the Trust own?
The buildings sit in Midland and Odessa, Texas, along transportation corridors including Interstate 20, Highway 191, FM 1788, Highway 158 and Business 20. 1 ERP reported that equity raised through the offering was used to acquire the portfolio, which serves the Permian Basin energy industry. 1 Individual street addresses, construction dates and the purchase price do not appear in the public record.
- Reported location
- Midland and Odessa, TX
- Property size
- 29 properties / 396,145 SF / ~137 acres
How was it financed, and what did it cost to sell?
Neither the Form D nor ERP's public releases states whether the Trust used mortgage debt or names a lender, so whether investors hold a leveraged or an all-cash position is not established in the public record.
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Costs and terms from the Form D
- Selling commissions
- $4,489,200 · 9.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $1,317,600 · 2.6% of offeringForm D Item 16· The filing’s note: “The Sponsor will receive a Sponsor Fee of $320,000 + organization and offering expenses of $997,600”
- Broker-dealers named in the Form D
- 1 named in the Form D
Show the firms
- American Alternative Capital, LLC · CRD 309956
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Oct 28, 2024
- 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 the Trust?
ERP 1031 LLC sponsors the Trust and lists its principal place of business at 400 W Illinois Ave in Midland, Texas — inside the basin it invests in. 2 ERP Industrials is described as the largest dedicated commercial real estate investment company in the Permian Basin. Its first exchange vehicle, ERP 1031 Industrial Portfolio DST, launched in 2022, and AltsWire reported on September 26, 2024 that it had fully subscribed after raising $44.2 million for 28 single-tenant net-lease industrial properties. 4
- Sponsor
- Offerings on record
What does the SEC record show?
The offering was filed under Rule 506(c) — the private-placement exemption that lets a sponsor advertise publicly provided every buyer is verified as an accredited investor. 2 The filing has not been amended since, so the SEC record reflects the offering as it stood at launch rather than the completed raise ERP announced in July 2025. 1
- Legal Trust name
- ERP 1031 Industrial Portfolio II DST
- SEC CIK
- 2043302
- First Form D
- Nov 5, 2024
- Latest Form D
- Nov 5, 2024
- 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 | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D | $49,880,000 | $50,000 | 1 | 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 II DST?
- ERP 1031 Industrial Portfolio II DST is a Historical offering. The record lists the offering as fully subscribed; the last Form D was filed Nov 5, 2024.
- How much equity did the Trust raise?
- American Alternative Capital, the placement agent, said in a July 22, 2025 release that the Trust raised $49,880,000 in equity from accredited investors to acquire the 29-property portfolio. That matches the offering amount stated on the Form D filed November 5, 2024.
- What does the Trust actually own?
- ERP reported a portfolio of 29 net-lease, single-tenant industrial properties totaling 396,145 square feet across more than roughly 137 acres, located in Midland and Odessa, Texas, along corridors including Interstate 20, Highway 191, FM 1788, Highway 158 and Business 20.
- Who are the tenants and how long are the leases?
- The public record does not say. ERP's releases describe the properties as single-tenant net-lease assets serving the Permian Basin energy industry but do not name tenants, state lease expirations or report occupancy. Those details would appear in the offering documents.
- Is the Trust leveraged?
- Not disclosed publicly. The November 5, 2024 Form D reports the equity offering only and does not address mortgage debt, and ERP's public releases name no lender. Leverage terms, if any, would be described in the offering documents and loan documents.
- What is ERP 1031's track record in DSTs?
- ERP 1031 LLC launched its first exchange vehicle, ERP 1031 Industrial Portfolio DST, in 2022; AltsWire reported on September 26, 2024 that it fully subscribed after raising $44.2 million for 28 single-tenant net-lease industrial properties in the Permian Basin. No sale or full-cycle outcome for this second Trust is reported in the sources reviewed.
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.