National Retail Portfolio III 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 III DST is a Delaware statutory trust — a passive co-ownership vehicle whose interests can be used in a 1031 exchange — organized in 2011 and sponsored by Inland Private Capital.1 It is Historical: closed to new investors, with no Form D activity after January 2012. Public filings never identify the underlying retail properties, tenants, or debt, so the PPM is the only source for those.
Show sources (4)Hide sources (4)
These links support the historical public record; individual details may come from different sources.
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 III DST (CIK 1525257) 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 1031 exchange arm of the Inland group of real estate companies, based at 2901 Butterfield Road in Oak Brook, Illinois — the same address the Trust reported to the SEC.2 The January 19, 2012 filing named Inland Private Capital Corporation as a promoter of this offering, alongside National Retail Portfolio III, L.L.C. and National Retail Portfolio III Exchange, L.L.C.3 No dated sponsor development bearing on this specific Trust was located in public sources.
- Sponsor
- Inland Private Capital
- Legal Trust name
- National Retail Portfolio III 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 and filed its initial Form D — the brief notice an issuer files for a private placement — shortly after.4 Each later amendment updated the running sales tally without changing the offering size first recorded. It was offered under Rule 506(b), meaning sales to accredited investors without general 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 III DST?
Top1031 lists National Retail Portfolio III DST as historical. It is no longer raising money.
Where does Top1031 get the data for National Retail Portfolio III 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 III DST?
No. This is a Historical Trust — closed to new investors. Its last Form D amendment was filed in January 2012, and there has been no filing activity since. Investors seeking a 1031 replacement property today would look to offerings currently raising capital.
What properties does this Trust own?
Public records do not say. The name points to a portfolio of retail properties, but no SEC filing, sponsor page, or trade-press item located in research identifies the addresses, tenants, square footage, or purchase prices. Only the Private Placement Memorandum and the Trust's own reports to holders would settle that.
Was the Trust leveraged?
Unknown from public sources. Form D filings do not disclose mortgage debt, and no lender, loan amount, or loan-to-value figure for this Trust was found. A prospective buyer of a secondary interest would need the PPM and current loan documents.
Has the Trust sold its properties or gone full-cycle?
No outcome has been reported in the sources reviewed. The January 19, 2012 Form D amendment closes out the offering's sales record, but an offering that finished selling is not the same as a property that has been sold. No disposition or full-cycle result was located.
What does "Rule 506(b)" mean for this offering?
Rule 506(b) is the private placement exemption that let the sponsor sell interests without registering them, provided it did not advertise publicly and sold essentially only to accredited investors — people meeting SEC income or net-worth tests. Investors typically came through broker-dealers and registered representatives.