InCommercial Net Lease DST 5
sponsored by InCommercial
InCommercial Net Lease DST 5, sponsored by InCommercial, filed its first Form D with the SEC on May 13, 2022 for a $30.4 million offering. Its last Form D was filed May 13, 2022.
How it ended
Last Form D filed May 13, 2022.
Key facts
- Minimum investment
- $25,000From the Form D
- Offering size
- $30,493,000Equity offered, per the Form D
- Sold
- $0Form D, May 13, 2022
- Investors reported
- Form D, May 13, 20220
- Selling commissions
- Form D Item 15; the % is our arithmetic$2,896,835 · 9.5% of offering
- Financing
- Leveraged. This offering reports mortgage debt on the property.How it is financed ↓
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
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: InCommercial Net Lease DST 5. Top1031 is not a broker-dealer.What did InCommercial Net Lease DST 5 own?
No reviewed public source names the property behind this Trust. The Form D discloses the issuer, the amount being offered and the terms of sale, and says nothing about an address, a building type or a square footage. 1 InCommercial's own site carries no page for DST 5, and the sponsor-directory entry found for it reads only "InCommercial Net Lease DST 5 — former."
How was it financed, and what did it cost to sell?
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Costs and terms from the Form D
- Selling commissions
- $2,896,835 · 9.5% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $6,568,947 · 21.5% of offeringForm D Item 16· The filing’s note: “InCommercial Net Lease Depositor 5, LLC will be responsible for paying certain expenses of approximately $5,048,914.”
- Broker-dealers named in the Form D
- 1 named in the Form D
Show the firms
- Orchard Securities, LLC · CRD 133378
Individual representatives named in Item 12 are not listed.
- Minimum investment
- $25,000
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 InCommercial Net Lease DST 5?
InCommercial is a net lease sponsor that packages single-tenant commercial real estate into Delaware statutory trusts for 1031 exchange investors. 1 The name appears on the Form D as the trust's sponsor, and the firm continues to bring net lease trusts to market. Beyond that, no reviewed source published dated news, a property page, or an outcome report specific to DST 5.
- Sponsor
- Offerings on record
What does the SEC record show?
Nothing was amended after the initial filing, so this Trust's federal record stops where it started. Interests were offered privately rather than by general advertising, to accredited investors — those clearing SEC income or net-worth thresholds — with whom the sponsor had an existing relationship.
- Legal Trust name
- InCommercial Net Lease DST 5
- SEC CIK
- 1927075
- First Form D
- May 13, 2022
- Latest Form D
- May 13, 2022
- Filings on record
- 1
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Filing on SEC EDGAR |
|---|---|---|---|---|
| Form D | $30,493,000 | $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
- What happened to InCommercial Net Lease DST 5?
- InCommercial Net Lease DST 5 is a Historical offering. Last Form D filed May 13, 2022.
- What property does InCommercial Net Lease DST 5 own?
- The public record does not say. The Trust's only SEC filing is a Form D, which identifies the issuer and the offering terms but never names a property, address, tenant, lease structure or lender. InCommercial's own website and the sponsor directories reviewed carry no DST 5 property page either. Anyone evaluating this Trust would need the offering documents from the sponsor or a placement agent.
- What does it mean that this was offered under Rule 506(b)?
- Rule 506(b) is the private-placement exemption that lets an issuer sell securities without registering them, provided it does not advertise the offering publicly and generally sells only to accredited investors it already has a relationship with. In practice that means DST 5 was never marketed to the public, which is one reason so little about it appears outside the SEC filing.
- Has any outcome been reported for this Trust?
- No outcome has been reported in the sources reviewed. There is no primary record of a property sale, a refinancing, a 721 exchange, a foreclosure or any other material event tied to InCommercial Net Lease DST 5.
Sources
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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.