National Retail Portfolio II DST
Other property — sponsored by Inland Private Capital
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
National Retail Portfolio II DST is a Delaware statutory trust — a passive co-ownership vehicle whose interests can be used in a 1031 exchange — sponsored by Inland Private Capital and organized in Delaware in 2011.1 Its offering ran through the second half of 2011 and closed to new investors with a final Form D amendment in January 2012. Public filings never name the retail properties behind the title.6
Show sources (6)Hide sources (6)
These links support the historical public record; individual details may come from different sources.
- U.S. Securities and Exchange Commission, Form D/A (0001525256-12-000001) ↗
- U.S. Securities and Exchange Commission, Form D/A (0001525256-12-000001) ↗
- U.S. Securities and Exchange Commission, Form D/A (0001525256-12-000001) ↗
- U.S. Securities and Exchange Commission, Form D (0001525256-11-000001) ↗
- U.S. Securities and Exchange Commission, Form D/A (0001525256-12-000001) ↗
- Top1031 ↗
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
How did it end?
No ending on record
No direct or indirect full-cycle or sale announcement located for National Retail Portfolio II DST (CIK 1525256) after searching AltsWire, BlueVault, SEC EDGAR, Inland newsroom, and press release wires; outcome remains unknown.
No exact offering/property page, address, size, photo candidate, or dated offering-specific news source was found in the researched public sponsor, trade-press, press-wire, and property-site sources. Only SEC Form D filing-tracker entries were located.
Who's behind it?
Inland Private Capital is the private-placement and 1031 exchange sponsor within the Inland group of real estate companies. The Trust's Form D names Inland Private Capital Corporation as a promoter of the offering.2 The same filing lists National Retail Portfolio II, L.L.C. and National Retail Portfolio Exchange II, L.L.C. as promoters or related persons of the issuer.3 No dated sponsor development specific to this Trust was located in public sponsor, trade-press, or press-wire sources.
- Sponsor
- Inland Private Capital
- Legal Trust name
- National Retail Portfolio II DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 8 active / 79 total offerings from Inland Private Capital
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The Trust reported its first sale on July 8, 2011, then amended its Form D repeatedly through the rest of that year as subscriptions were reported.4 A final amendment in January 2012 recorded the offering as fully subscribed.5 It was offered under Rule 506(b), the private-placement exemption permitting sales to accredited investors without public advertising.
- First Form D filedThe public offering record begins.
- Offering amount recordedA Form D amendment recorded offering and sales totals.
- Filing record updatedA later amendment updated the sponsor’s filing record.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Filings on record
- 8
- How it may be offered
- Rule 506(b)Not advertised publicly. Offered through existing relationships.
- Source filing
- Read the filings on SEC EDGAR
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.
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 Private Placement Memorandum before investing.
Common questions
What happened to National Retail Portfolio II DST?
Top1031 lists National Retail Portfolio II DST as historical. It is no longer raising money.
Where does Top1031 get the data for National Retail Portfolio II DST?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Can I still invest in National Retail Portfolio II DST?
No. This is a Historical Trust — closed to new investors. Its last Form D amendment was filed January 19, 2012, and the record shows the offering fully subscribed. Inland Private Capital continues to sponsor other 1031 programs, listed on its sponsor page.
What property does this Trust own?
Public records located do not settle it. The name points to a retail portfolio, but no sponsor offering page, address, or square-footage record was found for this specific Trust — only SEC Form D filings. Anyone researching it should ask Inland Private Capital or a broker-dealer for the original Private Placement Memorandum (PPM).
Was the Trust leveraged?
Not determinable from public filings. Form D does not disclose property-level debt, and no offering document for this Trust was located. Leverage, loan terms and any lender identity would be stated in the PPM and the closing loan documents.
What happened to the Trust after the raise closed?
No outcome has been reported in the public records located. There is no located sale announcement, refinancing notice, or 721/UPREIT transaction — a swap of property into a REIT's operating partnership for REIT units — for this Trust. Former investors would receive such news directly from the sponsor.
What is a Delaware statutory trust, and what does Rule 506(b) mean here?
A DST is a trust that holds title to real estate while investors own beneficial interests; the IRS treats those interests as real property for 1031 exchange purposes. Rule 506(b) is the exemption the offering used: sales to accredited investors, without general solicitation or advertising.