Minimum investment
$50k
Offering size
$29.6M
How much has sold
28.0%
Asset type
Industrial (net-lease, energy services) property
Location
Midland, TX
Financing
All cash. This offering reports no mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
ERP 1031 Industrial Portfolio III DST is a Delaware statutory trust — a structure letting accredited investors hold fractional real estate interests eligible for 1031 exchange treatment — holding West Texas industrial property tied to the Permian Basin energy economy. Sponsor ERP 1031 filed a Form D in September 2025 and announced on January 23, 2026 that the Trust was fully subscribed, with $29.65 million of equity raised.2
Fully subscribed Jan 2026; $29.65M equity raised; Permian Basin Tier-1 logistics sites; sponsor ERP 1031 LLC (erpfunds.com)
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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?
ERP 1031 assembled this Trust around industrial real estate in the Permian Basin oilfield economy of West Texas, described in sponsor marketing as Tier-1 logistics sites serving energy operators. The issuer was organized in Delaware in 2025 and filed its first securities notice that September.1 No public filing names the individual buildings, their street addresses, their age, or the price paid for them.
- Reported location
- Midland, TX
- Property size
- 2 properties, ~104,784 sq ft
Who is the tenant, and what's the lease?
The holdings are classified as net-lease industrial serving energy services, but no public filing names a tenant or states a lease term. In a net lease the tenant carries some or all of the taxes, insurance and upkeep; exactly which costs shift, and for how long, is set in each lease and disclosed only in the offering documents.
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.
28.0% reported sold
- Amount sold
- $8,308,712
- Still available
- $21,341,288
- Investors reported
- 25
- Total offering
- $29,650,000
Not enough filings yet to show a trend.
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Who's behind it?
ERP 1031 LLC builds its 1031 exchange platform around Permian Basin industrial real estate leased to energy-sector users.1 AltsWire reported that the sponsor's first industrial DST, a $44 million Permian Basin offering, was fully subscribed as of September 26, 2024, and that a second Permian-focused DST was fully subscribed as of July 23, 2025. On January 23, 2026 the sponsor announced this Trust was fully subscribed and that its next offering had launched.2
- Sponsor
- ERP 1031
- Legal Trust name
- ERP 1031 Industrial Portfolio III 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?
No amendment has followed the original notice, so the only sales figures in the public record are those in that first snapshot. The first sale occurred on August 21, 2025, roughly a month before that notice was filed.1 The exemption claimed permits public advertising of the offering provided the sponsor verifies every buyer's accredited status.
- Form D filedFirst and latest filing on record.
- Filings on record
- 1
- 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 ERP 1031 Industrial Portfolio III still raising money?
Top1031 lists ERP 1031 Industrial Portfolio III 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 ERP 1031 Industrial Portfolio III?
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.
Can I still invest in this Trust?
ERP 1031 announced on January 23, 2026 that the Trust was fully subscribed, raising $29.65 million of equity from accredited investors. No Form D amendment has been filed since the original September 18, 2025 notice, so the sponsor's announcement is the only report of the final outcome. Anyone approached about units today should ask the sponsor directly whether any remain.
What does the Trust actually own?
Two industrial properties totaling roughly 104,784 square feet, reported in Midland, Texas, in the Permian Basin, classified as net-lease industrial serving energy services. The Form D does not identify the specific buildings, their addresses or their tenants — those appear only in the private placement memorandum, or PPM, the sponsor's full offering document.
What does Rule 506(c) mean for me as an investor?
506(c) is the private-placement exemption that permits general solicitation — public advertising, press releases, web listings — in exchange for the issuer verifying that every purchaser is an accredited investor. Practically, you will be asked for third-party documentation of income or net worth rather than simply self-certifying.
Could this end in a 721/UPREIT roll-up?
Top1031's record for this Trust shows no 721/UPREIT exit path — that is, no structure allowing investors to contribute their interests to a REIT's operating partnership in exchange for units. Whatever exit the offering documents contemplate should be confirmed in the PPM.
How much debt does the Trust use?
Leverage is not disclosed in the public record for this Trust. The single Form D covers the equity offering only and says nothing about mortgage financing, so whether this is an all-cash or leveraged DST — and on what terms — must be confirmed in the PPM and the loan documents.
Has ERP 1031 done offerings like this before?
Yes. AltsWire reported that ERP's first industrial DST, a $44 million Permian Basin offering, was fully subscribed as of September 26, 2024, and that a second Permian-focused DST was fully subscribed as of July 23, 2025. The sponsor said on January 23, 2026 that it was launching a fourth DST alongside the close of this one.
Chapter 8ERP 1031 Launches $36.15M DST Offering of Permian Basin AssetsERP 1031 launched a $36.15M DST offering of Permian Basin industrial properties serving the energy sector; first sale was in August 2025.