Top1031

Family Discount Portfolio

Single-tenant retail property · sponsored by Inland Private Capital

HistoricalLast Form D, filed May 23, 2013, reports the offering fully sold (opens in a new tab)

Family Discount Portfolio was a DST sponsored by Inland Private Capital that owned a single-tenant retail property. Its last Form D, filed May 23, 2013, reports the offering fully sold.

How it ended

No public outcome found

The last Form D, filed May 23, 2013, 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
$5,557,102
Equity offered, per the Form D
Sold
100%
Form D, May 23, 2013; the % is our arithmetic
Investors reported
32
Form D, May 23, 2013
Selling commissions
$388,997 · 6.9% of offering
Form D Item 15; the % is our arithmetic
Financing
Sources disagree
The financing classification on record says leveraged (mortgage debt); the profile says “all-cash”. 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: Family Discount Portfolio. Top1031 is not a broker-dealer.

What did Family Discount Portfolio own?

The portfolio's Atlanta store, at 2310 Martin Luther King Jr. Drive, was built in 2007; the Lawrenceville store at 2630 Old Norcross Road and the San Antonio store at 9803 Potranco Road were both built in 2011. 2 At the October 12, 2012 offering date, each building was fully leased, occupied, and operating as a Family Dollar. 2

Property size
3 Family Dollar stores; 26,822 square feet total (9,192, 8,400, and 9,230 square feet)

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

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

The memorandum presented the portfolio to investors on an all-cash, no-debt basis — no permanent mortgage riding on the investor interests. 4 Bridge loans secured by mortgages partly funded the acquisition and were to be repaid out of offering proceeds once roughly 61.20% of interests had sold. 4

Debt

Financing
Sources disagree The financing classification on record says leveraged (mortgage debt); the profile says “all-cash”.

Costs and terms from the Form D

Selling commissions
$388,997 · 6.9% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$419,029 · 7.5% of offering
Form D Item 16
Broker-dealers named in the Form D
16 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Nov 12, 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 filings run from an initial Form D notice through a series of amendments, each raising the amount reported sold as the raise progressed. The offering was made under Rule 506(b), which bars general advertising and limits sales to accredited investors; the May 23, 2013 amendment reported a first sale date of November 12, 2012. 1

Legal Trust name
Family Discount Portfolio DST
SEC CIK
1561229
First Form D
Nov 15, 2012
Latest Form D
May 23, 2013
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$5,557,102
$5,557,102+$1,330,027
32+8
EDGAR
Form D/A$5,557,102
$4,227,075+$1,215,089
24+10
EDGAR
Form D/A$5,557,102
$3,011,986+$1,107,512
14+6
EDGAR
Form D/A$5,557,102
$1,904,474+$480,000
8+4
EDGAR
Form D/A$5,557,102
$1,424,474+$666,164
4+2
EDGAR
Form D/A$5,557,102
$758,310+$101,000
2+1
EDGAR
Form D$5,557,102
$657,310
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 Family Discount Portfolio?
Family Discount Portfolio is a Historical offering. The last Form D, filed May 23, 2013, reports the offering fully sold.
What did the Trust actually own?
Three single-tenant Family Dollar stores: one in Atlanta, Georgia at 2310 Martin Luther King Jr. Drive (built 2007), one in Lawrenceville, Georgia at 2630 Old Norcross Road (built 2011), and one in San Antonio, Texas at 9803 Potranco Road (built 2011).
Who were the tenants and was the lease guaranteed?
Family Dollar Stores of Georgia, Inc. leased the two Georgia stores and Family Dollar Stores of Texas, LLC leased the San Antonio store. The offering documents list Family Dollar Stores, Inc. as guarantor of each lease.
Did the Trust carry mortgage debt?
The October 12, 2012 memorandum presented the portfolio on an all-cash, no-debt basis. Bridge loans secured by mortgages helped fund the acquisition and were to be repaid from offering proceeds; until then the properties remained subject to those mortgages.

Sources

Show sources (8)Hide sources (8)

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.