Gander Mountain - College Station, TX
Freestanding retail property in College Station, TX · sponsored by Inland Private Capital
Gander Mountain - College Station, TX was a DST sponsored by Inland Private Capital that owned a freestanding retail property in College Station, TX. Its last Form D, filed Aug 23, 2012, reports the offering fully sold.
How it ended
Sold, result reported by the sponsor
The last Form D, filed Aug 23, 2012, reports the offering fully sold.
Key facts
- Minimum investment
- $25,000From the Form D
- Offering size
- $11,605,425Equity offered, per the Form D
- Sold
- 100%Form D, Aug 23, 2012; the % is our arithmetic
- Investors reported
- Form D, Aug 23, 201282
- Selling commissions
- Form D Item 15; the % is our arithmetic$812,380 · 7.0% of offering
- Financing
- Sources disagreeThe financing classification on record says leveraged (mortgage debt); the profile says “unleveraged”. 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: Gander Mountain - College Station, TX. Top1031 is not a broker-dealer.What did the Trust own?
The Trust's only asset was a one-story freestanding retail store at 2301 Earl Rudder Freeway South in College Station, Brazos County, Texas, occupied by Gander Mountain since 2007. 1 Inland Private Capital brought it to market as a single-property Trust in 2012. Building area is not settled in the public record: coverage of the 2018 sale described the store as 76,632 square feet, larger than the offering-document figure. 2 No purchase price appears in the public record.
- Reported location
- College Station, TX
- Property size
- 67,753 square feet of gross rentable area; 8.642 acres
Tenant and lease terms are not in the SEC filings or cited sources.
How was it financed, and what did it cost to sell?
Inland Private Capital described the offering as unleveraged, with investors expected to own the property free and clear of mortgage debt once all equity was collected. 1 A $6,113,600 bridge loan from Bank of the Ozarks, secured by a deed of trust and maturing February 28, 2013, temporarily funded the acquisition. 1
Debt
- Financing
- Sources disagree The financing classification on record says leveraged (mortgage debt); the profile says “unleveraged”.
Costs and terms from the Form D
- Selling commissions
- $812,380 · 7.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $716,476 · 6.1% of offeringForm D Item 16
- Broker-dealers named in the Form D
- 23 named in the Form D
Show the firms
- 1st Global Capital Corp. · CRD 30349
- American Investors Company · CRD 38
- American Portfolios Financial Services, Inc. · CRD 18487
- Arete Wealth Management, LLC · CRD 44856
- Berthel, Fisher & Company Financial Services, Inc. · CRD 13609
- Cambridge Investment Research, Inc. · CRD 39543
- Centaurus Financial, Inc. · CRD 30833
- Concorde Investment Services, LLC · CRD 151604
- Crown Capital Securities, L.P. · CRD 6312
- Geneos Wealth Management, Inc. · CRD 120894
- Hornor, Townsend & Kent, Inc. · CRD 4031
- Independent Financial Group, LLC · CRD 7717
- Investment Planners, Inc. · CRD 18557
- J.P. Turner & Company, L.L.C. · CRD 43177
- KCD Financial, Inc. · CRD 127473
- NPB Financial Group, LLC · CRD 137743
- Osaic Wealth, Inc. · CRD 23131
- Sandlapper Securities, LLC · CRD 137906
- Sigma Financial Corporation · CRD 14303
- Signature Estate Securities, LLC · CRD 18923
- Transamerica Financial Advisors, Inc. · CRD 16164
- Triad Advisors LLC · CRD 25803
- VSR Financial Services, Inc. · CRD 14503
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Apr 11, 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.
Who's behind the Trust?
The offering documents identify the Trust as a Delaware statutory trust affiliated with Inland Private Capital Corporation, its sponsor. 1 Inland Private Capital is among the longer-running sponsors of 1031 exchange DST programs and is still bringing new Trusts to market today. KBTX reported the former Gander Mountain building transaction in May 2018; the report does not identify the legal seller. 2
- Sponsor
- Offerings on record
What does the SEC record show?
The filing record is short: an initial Form D — the brief SEC notice for an exempt private offering — followed by amendments tracking the raise to completion. It was offered under Rule 506(b), which bars general advertising and limits purchasers to accredited investors.
- Legal Trust name
- College Station Retail DST
- SEC CIK
- 1547502
- First Form D
- Apr 19, 2012
- Latest Form D
- Aug 23, 2012
- Filings on record
- 7
- 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 | $11,605,425 | $11,605,425+$693,720 | 82+7 | EDGAR | |
| Form D/A | $11,605,425 | $10,911,705+$3,294,356 | 75+21 | EDGAR | |
| Form D/A | $11,605,425 | $7,617,349+$2,426,040 | 54+20 | EDGAR | |
| Form D/A | $11,605,425 | $5,191,309+$1,226,188 | 34+6 | EDGAR | |
| Form D/A | $11,605,425 | $3,965,121+$314,277 | 28+6 | EDGAR | |
| Form D/A | $11,605,425 | $3,650,844+$2,315,844 | 22+14 | EDGAR | |
| Form D | $11,605,425 | $1,335,000 | 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 Gander Mountain - College Station, TX?
- Gander Mountain - College Station, TX is a Historical offering. The last Form D, filed Aug 23, 2012, reports the offering fully sold.
- Was there a reported outcome for investors?
- An investor-level return for this exact Trust is not established by the cited sources. KBTX confirms the building transaction but does not state investor proceeds.
- Was this offering leveraged?
- The offering documents describe it as "No Leverage," with investors expected to own the property free and clear once all offering equity was collected. Separately, it discloses a $6,113,600 bridge loan from Bank of the Ozarks with a one-year term maturing February 28, 2013, prepayable without penalty.
- Does the Trust still own the College Station property?
- The cited report records a May 2018 building transaction, but does not identify the legal seller. It does not by itself establish this exact Trust’s current ownership or dissolution.
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.