Top1031

Discount Retail Portfolio II DST

Discount retail property · sponsored by Inland Private Capital

HistoricalLast Form D, filed Apr 3, 2012, reports the offering fully sold (opens in a new tab)

Discount Retail Portfolio II DST was a DST sponsored by Inland Private Capital that owned a discount retail property. Its last Form D, filed Apr 3, 2012, reports the offering fully sold.

How it ended

Sold, result reported by the sponsor

The last Form D, filed Apr 3, 2012, reports the offering fully sold.

Inland Private Capital has 8 active offerings on record →

Key facts

Minimum investment
$25,000
From the Form D
Offering size
$6,514,493
Equity offered, per the Form D
Sold
100%
Form D, Apr 3, 2012; the % is our arithmetic
Investors reported
48
Form D, Apr 3, 2012
Selling commissions
$456,014 · 6.9% of offering
Form D Item 15; the % is our arithmetic
Financing
Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
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: Discount Retail Portfolio II DST. Top1031 is not a broker-dealer.

What did the Trust own?

The public record does not identify what this Trust held. No address, property count, square footage, or alternate marketing name appears in the SEC filings, and no other exact non-SEC property source was located. Inland Private Capital's own later track-record disclosure describes it only as a retail-properties program, without naming the asset. 2

Tenant and lease terms are not in the SEC filings or cited sources.

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

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
$456,014 · 6.9% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$640,263 · 9.8% of offering
Form D Item 16
Broker-dealers named in the Form D
13 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Nov 4, 2011
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.

What does the SEC record show?

The Form D record begins with a first sale on November 4, 2011 and runs through a series of amendments that stepped up the reported subscription total until the offering was fully subscribed. 1 It was offered under Rule 506(b), meaning no general solicitation or advertising and sales made through existing broker-dealer relationships with accredited investors.

Legal Trust name
Discount Retail Portfolio II DST
SEC CIK
1534432
First Form D
Nov 17, 2011
Latest Form D
Apr 3, 2012
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$6,514,493
$6,514,493+$736,255
48+2
EDGAR
Form D/A$6,514,493
$5,778,238+$518,000
46+5
EDGAR
Form D/A$6,514,493
$5,260,238+$477,000
41+6
EDGAR
Form D/A$6,514,493
$4,783,238+$250,000
35+4
EDGAR
Form D/A$6,514,493
$4,533,238+$1,860,265
31+9
EDGAR
Form D/A$6,514,493
$2,672,973+$225,000
22+3
EDGAR
Form D/A$6,514,493
$2,447,973+$1,627,828
19+11
EDGAR
Form D$6,514,493
$820,145
8
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 Discount Retail Portfolio II DST?
Discount Retail Portfolio II DST is a Historical offering. The last Form D, filed Apr 3, 2012, reports the offering fully sold.
What property did the Trust own?
The public record does not say. The Form D filings do not name a property, address, size, or tenant, and Inland Private Capital's track-record row identifies it only as a retail-properties program. A buyer's offering documents would be the only place those details appear.
What outcome was reported when it went full cycle?
Inland Private Capital's track-record disclosure, published in the January 17, 2020 offering documents for a later self-storage Trust, reports a property sale on September 17, 2013 at a sales price of $11,940,439 against a stated offering price of $11,308,080, an average rate of return of 11.60%, and total return of 121.27%. Those figures are sponsor-reported, and the disclosure does not define the return calculations in detail.
Why does the sponsor's stated offering price differ from the SEC filings?
Inland Private Capital's track-record row lists an offering price of $11,308,080, which does not match the total offering amount reported on the Trust's Form D filings. The public record does not explain the difference; it could reflect debt, reserves, or a different measurement basis. The offering documents and closing documents would settle it.
Could this Trust have converted into a REIT interest?
No 721/UPREIT exit — a swap of property for operating partnership units in a REIT — is recorded for this Trust. The reported outcome was a direct property sale on September 17, 2013 per Inland Private Capital's track-record disclosure.

In the news

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.