Top1031

Scarborough Medical DST

Medical property in Scarborough, ME — sponsored by Inland Private Capital

Minimum investment
$25k
Offering size
$7.3M
How much has sold
100.0%
Asset type
Medical property
Location
Scarborough, ME
Financing
Not stated. The filings for this offering do not say whether it carries mortgage debt.

Sponsor-reported, from SEC filings and cited sources.

Chapter 1

What is this, in one paragraph?

Scarborough Medical DST is a Delaware statutory trust — a structure letting accredited investors hold fractional real estate interests that qualify for 1031 exchange treatment — sponsored by Inland Private Capital and holding a medical property. It raised under Rule 506(b), the private-placement rule barring general advertising, beginning with a first sale on December 30, 2010.3 The Trust is closed to new investors.

Show sources (8)Hide sources (8)

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.

Chapter 2

What exactly is the property?

The public record does not identify this building. Form D filings describe securities, not real estate, and the eight filed here name no address, tenant, or square footage. A Class A office/medical listing at 71 US Route One in Scarborough, Maine surfaced during enrichment, but no searched source explicitly ties it to this Trust, so it stands as city-level context only.

Reported location
Scarborough, ME
Chapter 3

How did it end?

What happened

Sold after 9.5 years; sponsor reported 2.12x

Listed as a completed/full-cycle program on Inland Private Capital's published track record.

EDGAR records confirm Scarborough Medical DST is an Inland Private Capital entity (CIK 0001509829) headquartered at 2901 Butterfield Road, Oak Brook, IL. A Class A office/medical listing at 71 US Route One, Scarborough, ME was located; however, the searched sources do not explicitly link that specific property to Scarborough Medical DST, so this address is recorded as city-level context only.

2.12×Equity multiple · as reported by the sponsor
10.2%Annualized return · as reported by the sponsor
Supporting evidence
Chapter 5

What does the paperwork say?

The first sale occurred on December 30, 2010, before the initial Form D reached EDGAR.3 Seven amendments followed through 2011, each restating the same total offering while reporting a larger subscribed amount and a higher investor count, until the last one closed the raise.5 The timeline below carries every filing date.

  1. First Form D filedThe public offering record begins.
  2. Offering amount recordedA Form D amendment recorded offering and sales totals.
  3. Filing record updatedA later amendment updated the sponsor’s filing record.
  4. 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.

Chapter 6

Common questions

What happened to Scarborough Medical DST?

Top1031 lists Scarborough Medical DST as historical. It is no longer raising money.

Where does Top1031 get the data for Scarborough Medical 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 Scarborough Medical DST?

No. This Trust is Historical — closed to new investors. Its final Form D amendment was filed September 1, 2011, and no later offering filings appear on EDGAR for this issuer.

Where is the property?

The filings do not say. SEC Form D discloses securities terms, not real estate, and the eight filings for this Trust name no property. Enrichment located a Class A office/medical listing at 71 US Route One in Scarborough, Maine, but no source explicitly links it to this Trust. Treat the location as unconfirmed.

Who is the tenant?

Not disclosed in any public filing for this Trust. Neither the Form D filings nor the research located a named tenant, lease term, or occupancy figure. A buyer of a secondary interest would need the original Private Placement Memorandum and current sponsor reporting to establish those facts.

Did the Trust use debt?

Unknown from public records. Form D does not require leverage disclosure, and no filing or research finding for this Trust states a loan amount, lender, or loan-to-value. The PPM and any loan documents are the only reliable source.

How was the offering sold?

Under Rule 506(b), the private-placement exemption that prohibits general solicitation or advertising and effectively limits the offering to accredited investors the sponsor or its selling group already knew. The Trust reported a $25,000 minimum investment throughout its 2011 filings.

Has the Trust sold its property?

No sale is documented in the SEC record. A full-cycle outcome for this Trust circulates in secondary summaries, but Top1031 could not verify it against a sponsor publication or primary record, so it is not reported here. Ask the sponsor directly for disposition documentation.