Top1031

Austell 1031 DST

in Austell, GA · sponsored by Inland Private Capital

HistoricalLast Form D filed Oct 8, 2009 (opens in a new tab)

Austell 1031 DST, sponsored by Inland Private Capital, filed its first Form D with the SEC on Apr 15, 2009 for a $8.1 million offering. Its last Form D was filed Oct 8, 2009.

How it ended

Sold, result reported by the sponsor

Last Form D filed Oct 8, 2009.

Inland Private Capital has 8 active offerings on record →

Key facts

Minimum investment
$100,000
From the Form D
Offering size
$8,100,800
Equity offered, per the Form D
Sold
90.5%
Form D, Oct 8, 2009; the % is our arithmetic
Investors reported
50
Form D, Oct 8, 2009
Selling commissions
$567,056 · 7.0% of offering
Form D Item 15; the % is our arithmetic
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 →

Using this record to judge the sponsor? A licensed 1031 specialist from our affiliated partner can talk it through with you.

Ask a 1031 specialist about this recordFree. About: Austell 1031 DST. Top1031 is not a broker-dealer.

What did Austell 1031 DST own?

The Trust's public filing record names no property, asset type, or location. 1 A candidate match — the former BJ's Wholesale Club at 2435 East-West Connector in Austell, Georgia — remains unresolved, because no deed, offering documents, or sponsor release ties this Trust to that address. 2 CoStar has reported that Inland Real Estate Exchange Corporation bought that Austell BJ's from H&R REIT, without naming this Trust. 3

Reported location
Austell, GA

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

The filings do not say whether the Trust carries mortgage debt, so it can be described as neither leveraged nor all-cash. 2 The distinction matters in an exchange, because an investor who carried a mortgage on the relinquished property generally needs matching debt on the replacement.

Costs and terms from the Form D

Selling commissions
$567,056 · 7.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$972,097 · 12.0% of offering
Form D Item 16
Broker-dealers named in the Form D
15 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Mar 30, 2009
Minimum investment
$100,000

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.

What does the SEC record show?

The initial Form D reported a first sale on March 30, 2009, and each later amendment did one thing: restate how much had been sold and to how many investors. 1 The offering was made under Rule 506(b), the private-placement exemption that bars general advertising and in practice limits buyers to accredited investors.

Legal Trust name
Austell 1031 DST
SEC CIK
1461800
First Form D
Apr 15, 2009
Latest Form D
Oct 8, 2009
Filings on record
8
Offered under
Rule 506(b)
General advertising and solicitation are not permitted under this exemption.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount soldInvestors
Form D/A$8,100,800
$7,334,710+$625,000
50+3
EDGAR
Form D/A$8,100,800
$6,709,710+$936,352
47+9
EDGAR
Form D/A$8,100,800
$5,773,358+$485,000
38+4
EDGAR
Form D/A$8,100,800
$5,288,358+$837,500
34+9
EDGAR
Form D/A$8,100,800
$4,450,858+$1,915,862
25+9
EDGAR
Form D/A$8,100,800
$2,534,996+$1,060,887
16+6
EDGAR
Form D/A$8,100,800
$1,474,109+$906,380
10+5
EDGAR
Form D$8,100,800
$567,729
5
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 Austell 1031 DST?
Austell 1031 DST is a Historical offering. Last Form D filed Oct 8, 2009.
What property does this Trust own?
The SEC filings do not say. They identify no address, asset type, square footage, or unit count. A candidate match to a former BJ's Wholesale Club building at 2435 East-West Connector in Austell, Georgia, has been raised but is unresolved: no deed, offering document, or sponsor release retrieved ties this Trust to that address.
Is there any record of the property being sold?
There is no trust-level sale record in the public filings. Separately, the Atlanta Journal-Constitution reported that Cobb County approved a $10,750,000 purchase of the former BJ's property at 2435 East-West Connector in Austell on October 9, 2018 — a 115,369-square-foot building on nearly 20 acres. That article does not mention Austell 1031 DST.
Does this Trust have a 721/UPREIT exit?
The record shows no provision to convert into a REIT. A 721 or UPREIT exit is where a DST's property is contributed to a real estate investment trust's operating partnership in exchange for partnership units, turning a property interest into a REIT position. Nothing in these filings describes that path.

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.