Top1031

Discount Retail Portfolio III DST

sponsored by Inland Private Capital

HistoricalLast Form D, filed May 30, 2012, reports the offering fully sold (opens in a new tab)

Discount Retail Portfolio III DST, sponsored by Inland Private Capital, filed its first Form D with the SEC on Jan 20, 2012 for a $6.1 million offering. Its last Form D, filed May 30, 2012, reports the offering fully sold.

How it ended

Still operating, confirmed

The last Form D, filed May 30, 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
$6,181,096
Equity offered, per the Form D
Sold
100%
Form D, May 30, 2012; the % is our arithmetic
Investors reported
31
Form D, May 30, 2012
Selling commissions
$432,677 · 7.0% of offering
Form D Item 15; the % is our arithmetic
Financing
All cash. This offering reports no 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 →

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 III DST. Top1031 is not a broker-dealer.

What did the Trust own?

Discount Retail Portfolio III DST is a Delaware statutory trust (DST) — a passive co-ownership vehicle whose interests can be used in a 1031 exchange — sponsored by Inland Private Capital. It raised from accredited investors in the first half of 2012 under Rule 506(b) and is now closed to new investors. Public filings never identify the underlying retail properties, tenants, or any mortgage debt.

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

A Form D reports securities-offering data, not property capitalization, and these filings say nothing about mortgage debt. Whether the Trust was acquired with a loan or all cash, and who any lender was, is settled only in the offering documents and the Trust's own closing documents.

Debt

Financing
All cash. This offering reports no mortgage debt.

Costs and terms from the Form D

Selling commissions
$432,677 · 7.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$418,994 · 6.7% of offering
Form D Item 16
Broker-dealers named in the Form D
21 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Jan 9, 2012
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 Trust filed a Form D at launch and then amended it repeatedly through the spring of 2012, each amendment stepping the reported amount sold higher until the last one reported the offering fully subscribed. 3 The final amendment gives January 9, 2012 as the date of first sale. 3 Rule 506(b) bars general advertising and limits sales to accredited investors.

Legal Trust name
Discount Retail Portfolio III DST
SEC CIK
1538566
First Form D
Jan 20, 2012
Latest Form D
May 30, 2012
Filings on record
7
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$6,181,096
$6,181,096+$292,642
31+1
EDGAR
Form D/A$6,181,096
$5,888,454+$225,000
30+3
EDGAR
Form D/A$6,181,096
$5,663,454+$1,594,780
27+5
EDGAR
Form D/A$6,181,096
$4,068,674+$1,010,273
22+10
EDGAR
Form D/A$6,181,096
$3,058,401+$2,087,434
12+9
EDGAR
Form D/A$6,181,096
$970,967+$399,000
3+2
EDGAR
Form D$6,181,096
$571,967
1
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 III DST?
Discount Retail Portfolio III DST is a Historical offering. The last Form D, filed May 30, 2012, reports the offering fully sold.
What property does the Trust own?
Public filings do not say. A Form D identifies the securities offering, not the real estate, and no qualifying non-SEC public source located a property name, address, size, or asset type for this exact trust. Similarly named Inland offerings, including Discount Retail Portfolio II and Family Discount Portfolio, are separate issuers and were not used to fill these fields.
Is the Trust leveraged?
Unknown from public records. The Form D filings do not state whether the Trust carries mortgage debt. Leverage, loan terms, and any lender would be disclosed in the offering documents and the loan documents rather than in SEC filings.
Has the Trust gone full cycle?
No outcome has been reported in public filings. The SEC submissions history for this issuer ends with the May 30, 2012 amendment, and no sale, refinancing, or full-cycle result was located through August 16, 2026.
Who were the promoters of the offering?
The final Form D/A names Inland Private Capital Corporation, Discount Retail Portfolio III, L.L.C., and Discount Retail Portfolio III Exchange, L.L.C. The Exchange entity in Inland's structures typically holds interests available to incoming 1031 exchange investors; confirm its role in the offering documents.

Sources

Show sources (3)Hide sources (3)

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.