Top1031

Southeast Multifamily Portfolio DST

in Jacksonville, FL · sponsored by Inland Private Capital

HistoricalLast Form D, filed May 19, 2021, reports the offering fully sold (opens in a new tab)

Southeast Multifamily Portfolio DST, sponsored by Inland Private Capital, filed its first Form D with the SEC on Oct 7, 2020 for a $88.3 million offering. Its last Form D, filed May 19, 2021, reports the offering fully sold.

How it ended

No outcome recorded · under 7 years

The last Form D, filed May 19, 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
$88,388,065
Equity offered, per the Form D
Sold
100%
Form D, May 19, 2021; the % is our arithmetic
Investors reported
175
Form D, May 19, 2021
Selling commissions
$7,866,538 · 8.9% 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 →

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: Southeast Multifamily Portfolio DST. Top1031 is not a broker-dealer.

What did the Trust own?

The portfolio is described as two multifamily properties in the Southeast: a 350-unit community in Jacksonville, Florida, built in 2019, and Annandale Apartments in Murfreesboro, Tennessee, with 652 units counted across the two. 1

Reported location
Jacksonville, FL

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

The properties carry mortgage debt rather than being owned free and clear. A marketplace listing for the Trust describes ten-year, fixed-rate, interest-only loans. 1 In a DST, the loan sits at the trust level, and each investor is allocated a share of it for exchange purposes.

Costs and terms from the Form D

Selling commissions
$7,866,538 · 8.9% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$4,487,437 · 5.0% of offering
Form D Item 16
· The filing’s note: “Item 16 is an estimate of acquisition fees, reimbursements for certain acquisition and financing costs and offering and organizational expenses that may accrue to one or more Related Persons.”
Broker-dealers named in the Form D
47 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Sep 30, 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?

The issuer reported September 30, 2020 as its date of first sale, days before the first Form D reached the SEC. 2 A steady run of amendments through the spring of 2021 restated the offering's running totals. It was offered privately, without general advertising.

Legal Trust name
Southeast Multifamily Portfolio DST
SEC CIK
1827037
First Form D
Oct 7, 2020
Latest Form D
May 19, 2021
Filings on record
15
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$88,388,065
$88,388,065+$251,191
175+1
EDGAR
Form D/A$88,388,065
$88,136,874+$151,515
174
EDGAR
Form D/A$88,388,065
$87,985,359+$366,949
174+1
EDGAR
Form D/A$88,388,065
$87,618,410+$1,416,060
173+2
EDGAR
Form D/A$88,388,065
$86,202,350+$606,370
171+4
EDGAR
Form D/A$88,388,065
$85,595,980+$223,430
167+2
EDGAR
Form D/A$88,388,065
$85,372,550+$1,298,416
165+5
EDGAR
Form D/A$88,388,065
$84,074,134+$3,076,009
160+5
EDGAR
Form D/A$88,388,065
$80,998,125+$4,763,114
155+12
EDGAR
Form D/A$88,388,065
$76,235,011+$6,419,275
143+19
EDGAR
Form D/A$88,388,065
$69,815,736+$15,042,255
124+32
EDGAR
Form D/A$88,388,065
$54,773,481+$12,038,046
92+23
EDGAR
Form D/A$88,388,065
$42,735,435+$27,345,422
69+43
EDGAR
Form D/A$88,388,065
$15,390,013+$6,646,934
26+21
EDGAR
Form D$88,388,065
$8,743,079
5
EDGAR
Show all 15 SEC Form D filings

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 Southeast Multifamily Portfolio DST?
Southeast Multifamily Portfolio DST is a Historical offering. The last Form D, filed May 19, 2021, reports the offering fully sold.
What does Southeast Multifamily Portfolio DST own?
It owns two apartment communities in the Southeast, one in Jacksonville, Florida, and one in Murfreesboro, Tennessee. A Real Estate Transition Solutions marketplace page for the Trust identifies the Murfreesboro property as Annandale Apartments, describes the Jacksonville holding as a 350-unit community built in 2019, and reports 652 units for the portfolio.
Who is the sponsor?
Inland Private Capital Corporation is identified as the sponsor in the Trust's Form D filings with the SEC. The Trust is a Delaware statutory trust organized in 2020.
Is there a mortgage on the properties?
Yes. The Real Estate Transition Solutions marketplace page for the Trust describes the financing as ten-year, fixed-rate, interest-only loans. In a DST, that debt is held at the trust level and allocated to investors for 1031 exchange purposes.
When did the offering begin?
The issuer reported September 30, 2020 as its date of first sale, and the first Form D was filed with the SEC on October 7, 2020. Amendments followed roughly every two weeks into the spring of 2021.
How were investors able to buy into this Trust?
The offering was made privately under Rule 506(b), the exemption that allows a sponsor to sell to accredited investors without general advertising. An accredited investor is one who meets SEC income or net worth tests. The reported minimum investment was $25,000.

Sources

Show sources (2)Hide sources (2)

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.