Irish Row Apartments
Multifamily property in South Bend, IN · sponsored by Inland Private Capital
Irish Row Apartments was a DST sponsored by Inland Private Capital that owned a multifamily property in South Bend, IN (127 units). Its last Form D, filed Feb 5, 2026, reports the offering fully sold.
How it ended
No outcome recorded · under 7 years
The last Form D, filed Feb 5, 2026, reports the offering fully sold.
Key facts
- Minimum investment
- $250,000From the Form D
- Offering size
- $77,202,071Equity offered, per the Form D
- Sold
- 100%Form D, Feb 5, 2026; the % is our arithmetic
- Investors reported
- Form D, Feb 5, 2026143
- Selling commissions
- Form D Item 15; the % is our arithmetic$6,098,964 · 7.9% of offering
- 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: Irish Row Apartments. Top1031 is not a broker-dealer.What did Irish Row Apartments own?
The Form D filings for this Trust name no property, address, or purchase price. 1 Top1031 links the CIK to Irish Row Apartments at 1855 Vaness St in South Bend, Indiana, whose leasing site markets two-, three-, and four-bedroom off-campus apartments to University of Notre Dame students. 2 Inland's April 22, 2024 announcement ties Irish Row to a differently named trust, Irish Row Student Housing DST, so the property-to-trust match remains unresolved in the public record. 3
- Reported location
- South Bend, IN
- Property size
- 127 units / 326 beds
How was it financed, and what did it cost to sell?
No lender, mortgage, or leverage arrangement appears in this Trust's Form D filings. 1 Whether the Trust carries debt or was funded all-cash is not established anywhere in the public record reviewed here, and Top1031 records its leverage as unknown.
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
- $6,098,964 · 7.9% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $1,794,901 · 2.3% of offeringForm D Item 16· The filing’s note: “Estimate of certain fees, including Organization and Offering Expenses and reimbursement for acquisition costs that may accrue to one or more related persons.”
- Broker-dealers named in the Form D
- 24 named in the Form D
Show the firms
- APW Capital, Inc. · CRD 43814
- American Investors Company · CRD 38
- Arkadios Capital · CRD 282710
- Berthel, Fisher & Company Financial Services, Inc. · CRD 13609
- Cabin Securities, Inc. · CRD 137608
- Cabot Lodge Securities LLC · CRD 159712
- Cambridge Investment Research, Inc. · CRD 39543
- Capulent LLC · CRD 155155
- Concorde Investment Services, LLC · CRD 151604
- Dempsey Lord Smith, LLC · CRD 141238
- Emerson Equity LLC · CRD 130032
- Inland Securities Corporation · CRD 15807
- Innovation Partners LLC · CRD 146344
- Moloney Securities Co., Inc. · CRD 38535
- Nationwide Planning Associates Inc. · CRD 31029
- Osaic Wealth, Inc. · CRD 23131
- Patrick Capital Markets, LLC · CRD 16518
- Prospera Financial Services, Inc. · CRD 10740
- Purshe Kaplan Sterling Investments · CRD 35747
- Realized Financial, Inc. · CRD 22333
- Realta Equities, Inc. · CRD 23769
- Saxony Securities, Inc. · CRD 115547
- The Strategic Financial Alliance, Inc. · CRD 126514
- United Planners' Financial Services of America a Limited Partner · CRD 20804
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Jul 18, 2024
- Minimum investment
- $250,000
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 Irish Row Apartments?
Inland Private Capital Corporation is named as sponsor in the Form D, with ALT Student Housing, L.L.C. as depositor and ALT Student Housing Exchange, L.L.C. as signatory trustee. 1 On April 22, 2024 Inland announced it had fully subscribed a student-housing DST serving Notre Dame students — a release that names Irish Row Student Housing DST rather than this Trust. 3 That announcement was covered by AltsWire on May 1, 2024 and Yield Pro on May 8, 2024.
- Sponsor
- Offerings on record
What does the SEC record show?
The Trust was offered under Rule 506(b), meaning no public advertising and sales made to accredited investors through existing relationships. Sales began July 18, 2024, days before the initial notice reached the SEC. 1 Two later amendments updated the tally, the second reporting the Offering fully subscribed.
- Legal Trust name
- ALT Student Housing DST
- SEC CIK
- 2029321
- First Form D
- Jul 26, 2024
- Latest Form D
- Feb 5, 2026
- Filings on record
- 3
- 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 | $77,202,071 | $77,202,071+$25,349,164 | 143+50 | EDGAR | |
| Form D/A | $77,202,071 | $51,852,907+$51,852,907 | 93 | EDGAR | |
| Form D | $77,202,071 | $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 Irish Row Apartments?
- Irish Row Apartments is a Historical offering. The last Form D, filed Feb 5, 2026, reports the offering fully sold.
- Do the SEC filings confirm this Trust owns Irish Row Apartments?
- No. The Form D filings under CIK 0002029321 identify the issuer as ALT Student Housing DST and name no property, address, or acquisition price. Inland Private Capital's April 22, 2024 release about Irish Row Apartments in South Bend, Indiana refers to a differently named entity, Irish Row Student Housing DST. Top1031 associates the two based on public sources, but no deed or purchase agreement confirming the pairing was located.
- What was the minimum investment?
- The Form D filings report a minimum investment of $250,000 from any outside investor. That is the figure the issuer stated to the SEC; the actual subscription terms, including any sponsor discretion to accept less, would be set out in the offering documents.
- Who pays the rent in a student housing DST?
- Individual student residents, not a corporate tenant. Income depends on unit-by-unit leasing each academic year rather than one long-term lease, so occupancy turns over annually. The Irish Row leasing site states 12-month lease terms, bars subletting, and allows a resident to reassign a lease to a qualified replacement.
- Could this Trust convert into a REIT through a 721/UPREIT exchange?
- Top1031's record shows no 721/UPREIT feature for this Trust — that is, no disclosed path to contribute the property to a REIT's operating partnership in exchange for partnership units at exit. The Form D filings do not describe exit mechanics of any kind; those terms would appear only in the offering documents.
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.