Top1031

ERP 1031 Industrial Portfolio IV DST

Industrial property in Odessa and Midland, TX · sponsored by ERP 1031

Sold outReported fully subscribed Sep 15, 2026 · latest Form D Jan 27, 2026
Source, Sep 15, 2026 (opens in a new tab)

ERP 1031 Industrial Portfolio IV DST is a DST sponsored by ERP 1031 that owns 4 industrial properties in Odessa and Midland, TX. Its latest Form D, filed Jan 27, 2026, lists a $36.1 million offering with a $50,000 minimum.

Key facts

Minimum investment
$50,000
From the Form D
Offering size
$36,150,000
Equity offered, per the Form D
Sold so far
Not reported after the first Form D (Jan 27, 2026)
Form D, Jan 27, 2026
Selling commissions
$3,253,500 · 9.0% of offering
Form D Item 15; the % is our arithmetic
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 →

Can I still invest?

No new interests: the offering is reported fully subscribed as of Sep 15, 2026.

Active industrial offerings in the directory →

Availability changes without a filing. The sponsor or a registered representative can confirm what is open.

Looking for an offering like this one? A licensed 1031 specialist from our affiliated partner can talk through what is on record.

Ask a 1031 specialist about this recordFree. About: ERP 1031 Industrial Portfolio IV DST. Top1031 is not a broker-dealer.

No photo on record. Multiple property locations are on record; no single map.

What does the Trust own?

Three of the buildings sit in Odessa and one in Midland, in the West Texas Permian Basin, used as office and warehouse space by oil-field service companies. 1 The largest, leased to American Cementing, covers 178,093 square feet on 82.91 acres on W. Murphy St. in Odessa. 1 The Trust bought all four on December 15, 2025 for $44 million from ERP Funds III, LLC, a sponsor affiliate. 2

Property address
11809 W. CR 125, TX
Property size
4 properties; approximately 323,352 rentable square feet across 111.28 acres

How is it financed, and what did it cost to sell?

The properties carry one non-recourse mortgage, meaning the lender's remedy is the real estate rather than the investors personally. 1 The sponsor describes a 15-year loan term with 20-year amortization. 1 Debt on the Trust lets an exchanger replace a mortgage carried on the property they sold.

Debt

Financing
Leveraged. This offering reports mortgage debt on the property.
May convert to a REIT (721)
See Deal terms ↓
Loan-to-value
29.5% (purchase price) From ERP 1031’s offering documents (Jan 2026). As reported by the sponsor.
Target hold
10 years From ERP 1031’s offering documents (Jan 2026). As reported by the sponsor.

Costs and terms from the Form D

Selling commissions
$3,253,500 · 9.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$844,855 · 2.3% of offering
Form D Item 16
· The filing’s note: “The Sponsor will receive a Sponsor Fee of $220,000 + Organizational and Offering Expenses of $624,855.”
Broker-dealers named in the Form D
1 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Not in the Form D
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.

What are the deal terms?

From ERP 1031’s offering documents (Jan 2026).

Rent and the bills

Who pays rent to the trust?
A master tenant affiliated with the sponsor
Who pays for roof and structural repairs?
Investors, through the trust
Who pays if taxes or insurance go up?
The tenant or master tenant
Was the property bought from a sponsor affiliate?
Yes

Your rights

Can investors remove the manager?
Only for cause
How are disputes with the sponsor resolved?
In court

What does the SEC record show?

A Form D is the short notice an issuer files for a private offering sold without registering the securities, and the Trust's filing set the equity raise at $36.15 million. 3 The exemption used permits general advertising, provided the sponsor verifies each buyer is an accredited investor.

Legal Trust name
ERP 1031 Industrial Portfolio IV DST
SEC CIK
2107025
First Form D
Jan 27, 2026
Latest Form D
Jan 27, 2026
Filings on record
1
Offered under
Rule 506(c)
May be advertised publicly. Every buyer’s accredited status must be verified.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount sold
Form D$36,150,000
$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

Can I still invest in ERP 1031 Industrial Portfolio IV DST?
No new interests: ERP 1031 Industrial Portfolio IV DST is reported fully subscribed as of Sep 15, 2026. Top1031 lists it as recently fully subscribed and does not count it as an active offering.
What exactly does this Trust own?
It owns four single-tenant industrial properties in West Texas, three in Odessa and one in Midland, together about 323,352 rentable square feet on 111.28 acres. They are office and warehouse buildings used by companies serving Permian Basin oil and gas operations. ERP 1031's executive summary reports the portfolio was 100% occupied as of January 1, 2026.
Who are the tenants, and how long do the leases run?
ERP 1031's offering materials name ChampionX LLC / Schlumberger at 11809 W. CR 125 in Odessa (48,018 square feet on 8.08 acres), DNOW L.P. at 5301 W. Murphy St. in Odessa (74,300 square feet on 10.29 acres), American Cementing, LLC at 6165 W. Murphy St. in Odessa (178,093 square feet on 82.91 acres), and Odessa American Refabrication LLC / Odessa AIM Holdings at 11716 Highway 191 in Midland (22,941 square feet on 10.00 acres). The Trust's offering documents state a weighted-average remaining lease term of 13.1 years calculated as of January 1, 2026, and say the DNOW lease, covering 23.0% of rentable area, expires February 28, 2028.
What is the master lease, and why does it matter?
The Trust leases the whole portfolio to a master tenant, which collects the tenants' rent and pays rent to the Trust. The memorandum states the master lease began December 15, 2025, runs ten years, and carries up to three five-year renewal options for the master tenant, subject to its terms. It also states that the master tenant's capitalization depends solely on the rents it receives and that the sponsor has no obligation to contribute capital to it.
How is the Trust financed?
There is mortgage debt alongside investor equity. ERP 1031's executive summary describes a $13 million property loan that is non-recourse, with a 15-year term and 20-year amortization. The memorandum's sources-of-funds table assigns that $13 million to loan proceeds, or 26.45% of the $49.15 million total capitalization, which is a capitalization-based share rather than a purchase-price loan-to-value figure.
Who is the sponsor, and did the Trust buy from a related party?
ERP 1031, LLC is the sponsor, and the purchase was from an affiliate. The memorandum states the Trust acquired the four properties on December 15, 2025 for an aggregate $44 million from ERP Funds III, LLC, an entity the offering materials identify as affiliated with the sponsor. Conflicts of interest arising from a sponsor affiliate selling to the trust the sponsor organized are addressed in the memorandum rather than in the SEC filing.
Can investors exchange into a REIT through this Trust?
No conversion into a REIT operating partnership is part of this structure, so a 721 or UPREIT exit, in which trust interests are swapped for operating-partnership units in a REIT, is not contemplated here. The Trust holds four net-leased industrial properties under a master lease that began December 15, 2025 with a ten-year original term and up to three five-year renewal options.

In the news

Sources

Show sources (6)Hide sources (6)

These links support the record as a whole; individual details may come from different sources.

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.