ERP 1031 Industrial Portfolio III
Net-lease industrial property in Midland, TX · sponsored by ERP 1031
Sold outReported fully subscribed Jan 23, 2026 · latest Form D Sep 18, 2025
ERP 1031 Industrial Portfolio III is a DST sponsored by ERP 1031 that owns 2 net-lease industrial properties in Midland, TX. Its latest Form D, filed Sep 18, 2025, lists a $29.6 million offering with a $50,000 minimum.
Key facts
- Minimum investment
- $50,000From the Form D
- Offering size
- $29,650,000Equity offered, per the Form D
- Sold so far
- Form D, Sep 18, 2025; the % is our arithmetic28.0%
- Investors reported
- Form D, Sep 18, 202525
- Selling commissions
- Form D Item 15; the % is our arithmetic$2,668,500 · 9.0% of offering
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
- 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 →
Can I still invest?
No new interests: the offering is reported fully subscribed as of Jan 23, 2026.
By Top1031’s calculation from the latest Form D, filed Sep 18, 2025, 28.0% of the offering had sold.
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What does the Trust own?
ERP 1031 assembled this Trust around industrial real estate in the Permian Basin oilfield economy of West Texas, presented in sponsor marketing as Tier-1 logistics sites serving energy operators. The issuer itself was organized in Delaware in 2025. 1
- Reported location
- Midland, TX
- Property size
- 2 properties, ~104,784 sq ft
How have sales gone?
The Form D record has one sales figure so far, so there is no trend to chart. The figure is in Sales so far ↑.
How is it financed, and what did it cost to sell?
Debt
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
Costs and terms from the Form D
- Selling commissions
- $2,668,500 · 9.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $771,603 · 2.6% of offeringForm D Item 16· The filing’s note: “The Sponsor will receive a Sponsor Fee of $185,725 + organizational and offering expenses of $585,878.94”
- 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
- Aug 21, 2025
- 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 builds its 1031 exchange business around Permian Basin industrial real estate leased to energy-sector users. On January 23, 2026 the sponsor announced that this Trust was fully subscribed and that a fourth DST offering had launched. 2 AltsWire reported on February 9, 2026 that ERP had launched a $36.15 million DST of Permian Basin industrial properties serving the energy sector.
- Sponsor
- Offerings on record
What does the SEC record show?
The offering's first sale of interests took place on August 21, 2025, about a month before the issuer's notice reached the SEC. 1 The exemption claimed allows the sponsor to advertise the offering publicly, as long as it verifies that every buyer is an accredited investor.
- Legal Trust name
- ERP 1031 Industrial Portfolio III DST
- SEC CIK
- 2084282
- First Form D
- Sep 18, 2025
- Latest Form D
- Sep 18, 2025
- 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 | $29,650,000 | $8,308,712 | 25 | 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
- Can I still invest in ERP 1031 Industrial Portfolio III?
- No new interests: ERP 1031 Industrial Portfolio III is reported fully subscribed as of Jan 23, 2026. Top1031 lists it as recently fully subscribed and does not count it as an active offering.
- What does the Trust own?
- Two industrial properties totaling roughly 104,784 square feet are reported in Midland, Texas, in the Permian Basin. They are classified as net-lease industrial serving the energy sector. Building-level detail, including addresses and tenants, sits in the offering documents.
- Why Midland, Texas?
- Midland sits at the center of the Permian Basin, the West Texas oilfield region, and ERP 1031 builds its DST offerings around industrial buildings leased to energy-sector users there. The sponsor describes the sites in this Trust as Tier-1 logistics locations serving energy operators.
- Who sponsors this Trust?
- ERP 1031 LLC, named as the sponsor in the issuer's Form D, the brief notice filed with the SEC for a private offering. ERP's press release of January 23, 2026 announced that this Trust was fully subscribed, raising $29.65 million in equity from accredited investors, and that the firm had launched a fourth DST offering.
- Could this end in a 721/UPREIT roll-up?
- No 721/UPREIT exit is indicated for this Trust. A 721 exit is a structure in which investors contribute their trust interests to a real estate investment trust's operating partnership in exchange for partnership units; this offering is not set up that way.
- What is the minimum investment?
- The Form D states a $50,000 minimum investment from an outside investor.
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.