Top1031

IPC Industrial Portfolio DST

Industrial property · sponsored by Inland Private Capital

HistoricalLast Form D, filed Jun 21, 2024, reports the offering fully sold (opens in a new tab)

IPC Industrial Portfolio DST was a DST sponsored by Inland Private Capital that owned an industrial property. Its last Form D, filed Jun 21, 2024, reports the offering fully sold.

How it ended

No outcome recorded · under 7 years

The last Form D, filed Jun 21, 2024, 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
$275,859,119
Equity offered, per the Form D
Sold
100%
Form D, Jun 21, 2024; the % is our arithmetic
Investors reported
546
Form D, Jun 21, 2024
Selling commissions
$13,792,956 · 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.
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 Industrial Portfolio DST. Top1031 is not a broker-dealer.

What did IPC Industrial Portfolio DST own?

The Trust's name and its classification as an industrial offering are the clearest signals of what it holds. Beyond that, the reviewed public record — SEC filings, sponsor pages, and independent coverage — does not identify the properties, their addresses, their size, or when they were acquired. Form D discloses securities terms, not real estate, so those details sit in the offering documents.

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
$13,792,956 · 5.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$14,365,850 · 5.2% of offering
Form D Item 16
· The filing’s note: “Estimate of certain fees, including Dealer Fee, Placement Agent Fee, O&O Expenses, Acquisition Fee and Reimbursement of Acquisition of Property that may accrue to one or more related persons.”
Broker-dealers named in the Form D
66 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Jun 29, 2022
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?

Inland Private Capital filed an original Form D and then amended it three times, each amendment reporting further sales progress until the offering was fully subscribed. The Trust reported its first sale on June 29, 2022. 2 It was offered under Rule 506(b), the private-placement exemption that bars general advertising and reaches investors through existing relationships. 2

Legal Trust name
IPC Industrial Portfolio DST
SEC CIK
1932376
First Form D
Jun 7, 2022
Latest Form D
Jun 21, 2024
Filings on record
4
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$275,859,119
$275,859,119+$54,568,323
546+112
EDGAR
Form D/A$275,859,119
$221,290,796+$75,005,164
434+177
EDGAR
Form D/A$275,859,119
$146,285,632+$146,285,632
257
EDGAR
Form D$275,859,119
$0
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 Industrial Portfolio DST?
IPC Industrial Portfolio DST is a Historical offering. The last Form D, filed Jun 21, 2024, reports the offering fully sold.
What properties does this Trust actually own?
The reviewed public record does not say. Form D filings cover securities terms only. The offering documents and the sponsor's asset-level reporting are where those facts live.
What is the White Law Group investigation about?
On May 23, 2025, the securities law firm The White Law Group published a notice saying it was investigating potential claims involving IPC Industrial Portfolio DST and the financial professionals who recommended it. A law firm investigation notice is a solicitation for potential clients, not a finding. The page does not establish wrongdoing, investor losses, foreclosure, receivership, or a sale of the assets.
Is there a 721/UPREIT exit for this Trust?
None is recorded in the data here. A 721 or UPREIT exit is a structure where a DST's property is later contributed to a REIT's operating partnership in exchange for units, deferring tax again. Nothing in the reviewed filings indicates that path for this Trust.

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.