Top1031

IPC Nashville Hospitality DST

Hotel in Nashville, TN · sponsored by Inland Private Capital

HistoricalLast Form D, filed May 23, 2023, reports the offering fully sold (opens in a new tab)

IPC Nashville Hospitality DST was a DST sponsored by Inland Private Capital that owned a hotel in Nashville, TN (341 keys). Its last Form D, filed May 23, 2023, reports the offering fully sold.

How it ended

No outcome recorded · under 7 years

The last Form D, filed May 23, 2023, 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
$15,600,052
Equity offered, per the Form D
Sold
100%
Form D, May 23, 2023; the % is our arithmetic
Investors reported
35
Form D, May 23, 2023
Selling commissions
$780,003 · 5.0% of offering
Form D Item 15; the % is our arithmetic
Financing
Leveraged. This offering reports mortgage debt on the property.
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 Nashville Hospitality DST. Top1031 is not a broker-dealer.

What did IPC Nashville Hospitality DST own?

The hotel is an 11-story DoubleTree by Hilton at 315 4th Avenue North, in the Core District of downtown Nashville. 1 Inland Private Capital's marketplace listing reports the property underwent a $6 million renovation in 2018. 1 The reviewed public record does not establish when Inland's affiliate acquired the hotel; it shows only that an AWH affiliate agreed in 2019 to manage a downtown Nashville DoubleTree controlled by an IPC affiliate. 2

Reported location
Nashville, TN
Property size
341 keys

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

Leveraged means the Trust funded the property with mortgage debt alongside investor equity, so the loan's terms and any refinancing sit ahead of the equity. The sponsor's listing also describes a 721 UpREIT structure — a route to exchange Trust interests for REIT operating-partnership units instead of selling for cash. 1

Debt

Financing
Leveraged. This offering reports mortgage debt on the property.
May convert to a REIT (721)
Yes

Costs and terms from the Form D

Selling commissions
$780,003 · 5.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$1,083,463 · 6.9% 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
10 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Mar 8, 2023
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 filing history is short: an original notice submitted after the first sale on March 8, 2023, then a single amendment that updated the subscription figures as the raise wound down. 4 Because it was offered privately rather than by public advertising, the Trust reached investors through Inland's existing broker-dealer relationships.

Legal Trust name
IPC Nashville Hospitality DST
SEC CIK
1969680
First Form D
Mar 17, 2023
Latest Form D
May 23, 2023
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$15,600,052
$15,600,052+$14,212,614
35+31
EDGAR
Form D$15,600,052
$1,387,438
4
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 Nashville Hospitality DST?
IPC Nashville Hospitality DST is a Historical offering. The last Form D, filed May 23, 2023, reports the offering fully sold.
Does IPC Nashville Hospitality DST have a 721 UPREIT exit?
The record lists a possible 721 exit for IPC Nashville Hospitality DST. The offering documents set whether and when it could happen. In a 721 exchange, or UPREIT, the DST’s property is contributed to a REIT’s operating partnership and investors receive operating-partnership units instead of cash.
How a DST-to-721 UPREIT exit works
Who actually runs the hotel day to day?
The hotel operates under Hilton's DoubleTree brand. A Jan. 17, 2020 announcement from Spire Hospitality and AWH Partners said an AWH affiliate invested in the DoubleTree by Hilton Nashville Downtown and that Spire Hospitality became the manager for Inland's affiliate. Inland Real Estate Income Trust's annual report dated March 5, 2025 similarly describes an AWH affiliate managing a downtown Nashville DoubleTree controlled by an IPC affiliate.
Why does the sponsor's listing show a much larger offering size than the Form D?
Inland's marketplace listing, dated March 1, 2023, shows a total offering size of $157,038,486 and an equity offering of $80,953,386, while the Form D notices filed under this Trust's CIK report a far smaller amount (the rows on this page carry the filed figures). The public record does not reconcile the two; a Form D reports only the securities offered under that specific notice, not a property's full capitalization.
How is a hotel DST different from a net-lease DST?
A net-lease DST collects rent from a tenant under a written lease, often triple-net, where the tenant covers taxes, insurance and maintenance. A hotel DST owns an operating business: revenue comes from nightly room rates and depends on occupancy, seasonality, brand performance and management, and there is no contractual rent obligation backstopping it.
Has this Trust gone full cycle or reported an outcome?
No outcome has been reported yet. As of research conducted Aug. 31, 2026, the reviewed public record shows no sale of the hotel, no disposition of the Trust, no rebrand, and no foreclosure, receivership or similar distress event, and no Trust-specific SEC filing after the May 23, 2023 amendment.

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.