Chicago Healthcare MOB DST
Medical office property in Chicago, IL · sponsored by Inland Private Capital
Chicago Healthcare MOB DST was a DST sponsored by Inland Private Capital that owned a medical office property in Chicago, IL (21,370 sq ft). Its last Form D, filed Jun 13, 2024, reports the offering fully sold.
How it ended
The last Form D, filed Jun 13, 2024, reports the offering fully sold.
Key facts
- Minimum investment
- $25,000From the Form D
- Offering size
- $18,589,754Equity offered, per the Form D
- Sold
- 100%Form D, Jun 13, 2024; the % is our arithmetic
- Investors reported
- Form D, Jun 13, 202447
- Selling commissions
- Form D Item 15; the % is our arithmetic$929,488 · 5.0% of offering
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.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: Chicago Healthcare MOB DST. Top1031 is not a broker-dealer.What did Chicago Healthcare MOB DST own?
Inland's own property data links this Trust to an Advocate Medical Group medical outpatient building in Chicago, Illinois, in the 60641 ZIP code. 1 The sponsor's record puts the acquisition date at October 5, 2022, roughly two weeks before the first Form D was filed. 2 SEC filings categorize the asset generically as office, while Inland classifies it as medical outpatient. The sponsor's street-address field is blank, and no deed-level confirmation of the exact address has been located.
- Reported location
- Chicago, IL
- Property size
- 21,370 sq ft
How was it financed, and what did it cost to sell?
A Form D reports only the equity a sponsor raises, not mortgage debt, so whether this Trust holds the building with a loan or all-cash is not established in the public record. The securities sold were equity interests in the trust. 3
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
- $929,488 · 5.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $1,075,221 · 5.7% of offeringForm D Item 16· The filing’s note: “Estimate of certain fees, including Dealer Fee, Placement Agent Fee, O&O Expenses, Acquisition Fee and Reimbursement of Acquisition Costs that may accrue to one or more related persons.”
- Broker-dealers named in the Form D
- 12 named in the Form D
Show the firms
- Arkadios Capital · CRD 282710
- Berthel, Fisher & Company Financial Services, Inc. · CRD 13609
- Cambridge Investment Research, Inc. · CRD 39543
- Concorde Investment Services, LLC · CRD 151604
- DAI Securities, LLC · CRD 36673
- Emerson Equity LLC · CRD 130032
- Great Point Capital LLC · CRD 114203
- Inland Securities Corporation · CRD 15807
- Keel Point Capital, LLC · CRD 6769
- Nationwide Planning Associates Inc. · CRD 31029
- Realized Financial, Inc. · CRD 22333
- Whitehall-Parker Securities, Inc. · CRD 10608
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Oct 21, 2022
- 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 Chicago Healthcare MOB DST?
Inland Private Capital Corporation sponsored the Trust and is listed at 2901 Butterfield Road in Oak Brook, Illinois, the same address carried on the issuer record. 4 The Form D names Chicago Healthcare MOB, L.L.C. as depositor and Keith D. Lampi as signatory trustee of the issuer. 3 The trust itself is organized under Delaware law. 4 No trust-specific event has been reported since the final amendment.
- Sponsor
- Offerings on record
What does the SEC record show?
The Trust filed an initial Form D — the brief notice an issuer files with the SEC for a private placement — then amended it three times as subscriptions came in, with the last amendment reporting the raise complete. It was sold privately, without general advertising, to accredited investors meeting SEC income or net-worth thresholds.
- Legal Trust name
- Chicago Healthcare MOB DST
- SEC CIK
- 1951316
- First Form D
- Oct 21, 2022
- Latest Form D
- Jun 13, 2024
- Filings on record
- 4
- 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 | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D/A | $18,589,754 | $18,589,754+$2,940,587 | 47+12 | EDGAR | |
| Form D/A | $18,589,754 | $15,649,167+$13,451,640 | 35+28 | EDGAR | |
| Form D/A | $18,589,754 | $2,197,527+$2,197,527 | 7 | EDGAR | |
| Form D | $18,589,754 | $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 Chicago Healthcare MOB DST?
- Chicago Healthcare MOB DST is a Historical offering. The last Form D, filed Jun 13, 2024, reports the offering fully sold.
- What property does the Trust own?
- Inland's property record links the Trust to a medical outpatient building in Chicago, Illinois, in the 60641 ZIP code, used by Advocate Medical Group and acquired October 5, 2022. Inland's record leaves the street address blank, and no independent source confirming the exact address has been located.
- Has the Trust sold the property or gone full cycle?
- No sale, refinancing, or full-cycle announcement has been located as of August 27, 2026. The most recent SEC filing on record is the Form D amendment dated June 13, 2024, which concerned the offering rather than a property event.
- Is the Trust leveraged?
- Not established. Form D filings disclose the equity raised, not mortgage debt, and neither Inland's public property record nor the SEC file states a loan amount, lender, or loan-to-value for this Trust. Those terms would appear in the offering documents given to investors.
- Can this Trust convert into a REIT through a 721 exchange?
- The record shows no 721 or UPREIT exit — the arrangement in which a DST's property is contributed to a REIT's operating partnership in exchange for units. Investors here would expect a conventional sale of the property as the exit path, though timing is at the sponsor's discretion.
- What does 'Rule 506(b)' mean for this offering?
- Rule 506(b) is the private placement exemption that lets an issuer raise unlimited capital from accredited investors without registering with the SEC, provided it does not advertise or generally solicit. Investors typically reach such offerings through an existing relationship with a broker-dealer or registered representative.
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.