Top1031

IPC Detroit Hospitality DST

Hotel in Detroit, MI · sponsored by Inland Private Capital

HistoricalLast Form D, filed Nov 3, 2025, reports the offering fully sold (opens in a new tab)

IPC Detroit Hospitality DST was a DST sponsored by Inland Private Capital that owned a hotel in Detroit, MI. Its last Form D, filed Nov 3, 2025, reports the offering fully sold.

How it ended

No outcome recorded · under 7 years

The last Form D, filed Nov 3, 2025, 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
$15,670,319
Equity offered, per the Form D
Sold
100%
Form D, Nov 3, 2025; the % is our arithmetic
Investors reported
36
Form D, Nov 3, 2025
Selling commissions
$783,516 · 5.0% 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.
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: IPC Detroit Hospitality DST. Top1031 is not a broker-dealer.

What did IPC Detroit Hospitality DST own?

Public filings place the Trust's asset in Detroit — a hotel associated with Detroit Hospitality Leaseco LLC at 351 Gratiot Ave. The trust itself was organized in Delaware and formed in 2023. 1

Reported location
Detroit, MI

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

The Form D filings located disclose no mortgage, lender, or loan terms — a Form D covers the securities offering, not the property's capital stack. Whether this Trust is leveraged or all-cash is therefore not established on the public record.

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
$783,516 · 5.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$1,146,801 · 7.3% of offering
Form D Item 16
· The filing’s note: “Estimate of certain fees, including Dealer Fee, Placement Agent Fee, O&O Expenses and Sponsorship Fee that may accrue to one or more related persons.”
Broker-dealers named in the Form D
4 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Aug 28, 2024
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 was offered under Rule 506(b), the private-placement route that permits sales to accredited investors — those meeting SEC income or net-worth tests — without general advertising. The initial Form D reported a first sale on August 28, 2024, and a single later amendment updated the sales totals. 4

Legal Trust name
IPC Detroit Hospitality DST
SEC CIK
2034852
First Form D
Sep 11, 2024
Latest Form D
Nov 3, 2025
Filings on record
2
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$15,670,319
$15,670,319+$14,922,229
36+35
EDGAR
Form D$15,670,319
$748,090
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 IPC Detroit Hospitality DST?
IPC Detroit Hospitality DST is a Historical offering. The last Form D, filed Nov 3, 2025, reports the offering fully sold.
What property does this Trust actually own?
The public record identifies only a hotel asset in Detroit, Michigan, associated with Detroit Hospitality Leaseco LLC at 351 Gratiot Ave, Detroit, MI 48226. No SEC filing or sponsor page located names the hotel, its brand or franchise, its operator, or its room count. Investors would find those details in the offering documents.
Is the Trust leveraged?
Not established. Form D filings disclose the terms of the securities offering, not the property's mortgage debt, so no lender, loan balance, or loan-to-value figure appears in the public record for this Trust. Leverage would be described in the offering documents.
Can investors roll into a REIT at the end?
There is no 721/UPREIT exit indicated for this Trust — that is the structure in which a DST's property is contributed to a REIT's operating partnership in exchange for units, converting a real estate interest into REIT units. The record here shows no such conversion path.
I found a law firm page about a "Detroit Hospitality DST." Is that this Trust?
In December 2022, The White Law Group published a page saying it was investigating potential claims involving a Detroit Hospitality DST sponsored by Inland Private Capital, referencing a Form D filed in 2019. That page predates this Trust, which was formed in 2023 and first filed a Form D on September 11, 2024, so the two may be different offerings.
How many investors participated, and what was the minimum?
The Form D filings report a $25,000 minimum investment accepted from an outside investor. The investor count and the dollars raised are shown in this record's sales figures, drawn directly from the initial Form D of September 11, 2024 and the amendment of November 3, 2025.

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.