Top1031

Last Mile Distribution DST

sponsored by Inland Private Capital

HistoricalLast Form D, filed Feb 4, 2021, reports the offering fully sold (opens in a new tab)

Last Mile Distribution DST, sponsored by Inland Private Capital, filed its first Form D with the SEC on Nov 20, 2020 for a $64.3 million offering. Its last Form D, filed Feb 4, 2021, reports the offering fully sold.

How it ended

No outcome recorded · under 7 years

The last Form D, filed Feb 4, 2021, 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
$64,319,739
Equity offered, per the Form D
Sold
100%
Form D, Feb 4, 2021; the % is our arithmetic
Investors reported
134
Form D, Feb 4, 2021
Selling commissions
$3,215,987 · 5.0% of offering
Form D Item 15; the % is our arithmetic
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: Last Mile Distribution DST. Top1031 is not a broker-dealer.

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

Costs and terms from the Form D

Selling commissions
$3,215,987 · 5.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$3,684,266 · 5.7% of offering
Form D Item 16
· The filing’s note: “Estimate of certain fees, including the Dealer Fee, Acquisition Fee, Operational and Organizational Expenses, Placement Agent Fee, and Reimbursement of Acquisition and Financing Costs that may accrue to one or more related persons”
Broker-dealers named in the Form D
25 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Nov 3, 2020
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?

Legal Trust name
Last Mile Distribution DST
SEC CIK
1833247
First Form D
Nov 20, 2020
Latest Form D
Feb 4, 2021
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$64,319,739
$64,319,739+$47,778,111
134+105
EDGAR
Form D$64,319,739
$16,541,628
29
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 Last Mile Distribution DST?
Last Mile Distribution DST is a Historical offering. The last Form D, filed Feb 4, 2021, reports the offering fully sold.

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.