The Arboretum
Multifamily (luxury garden-style + single-family rentals) property in Farmingville, New York — sponsored by Inland Private Capital
Acq Mar 2026 for $190M ($651k/unit); built 2024, 62 acres, incl. 50 SFR homes; 98% occupied at sale; seller BRP Companies
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These links support the public record as a whole; individual details may come from different sources.
What is this, in one paragraph?
The Arboretum is a Delaware statutory trust (DST) — a structure letting accredited investors hold fractional, passive title to real estate inside a 1031 exchange — sponsored by Inland Private Capital. It holds one newly built rental community in Farmingville, on New York's Long Island, which an Inland affiliate bought from BRP Companies for $190 million in a sale JLL announced March 2, 2026.1 The Trust is still raising.
Minimum investment
$25k
Offering size
$107.6M
How much has sold
43.0%
Financing
Not stated. The filings for this offering do not say whether it carries mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
Completed in 2024 across roughly 62 acres, the garden-style community includes 50 detached single-family rental homes among its residences. BRP Companies developed it and sold it for $190 million in a sale JLL announced March 2, 2026, to an affiliate of The Inland Real Estate Group.1 Inland Real Estate Acquisitions closed the purchase on March 9, 2026.2 The Long Island Housing Partnership names Inland Long Island Residential LeaseCo, L.L.C. as the cooperating owner in the property's affordable-rental program.3
- Property address
- 20 Maple Lane, Farmingville, New York
- Property size
- 292 dwelling units; roughly 491,071 square feet of net leasable area
Who is the tenant, and what's the lease?
Residents lease individually; there is no single corporate tenant. Baker 1031, summarizing sponsor materials, describes the property as master-leased to an Inland affiliate, with sponsor affiliates serving as master tenant, property manager and asset manager; no primary filing reviewed confirms those terms.4 Inland reported the community 98% occupied at its March 9, 2026 closing.2
How are sales going?
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
43.0% reported sold
- Amount sold
- $46,593,740
- Reported unsold
- $60,988,148
- Investors reported
- 114
- Total offering
- $107,581,888
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How is it financed, and what does it pay?
No SEC filing for this Trust names a lender — the Form D reports only the equity being raised, and Top1031's filing-derived record lists leverage as unknown. Baker 1031, summarizing sponsor and placement materials, states the acquisition was financed with a $104,500,000 first-mortgage loan from PNC Bank, National Association.5
Who's behind it?
Inland Private Capital is the private-capital arm of Oak Brook, Illinois-based Inland Real Estate Group, a vertically integrated real estate company that has sponsored dozens of 1031 exchange programs. On July 20, 2026, parent Inland Investments named former iCapital executive Andrew Barnum Managing Director, Product Strategy, a role spanning product development and due diligence across its DST and 1031 platform; on July 27, 2026, Inland named Matthew Beverly head of asset management. Neither announcement names this Trust.
- Sponsor
- Inland Private Capital
- 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 initial Form D — the SEC notice for a private-placement exemption — set the offering total; each amendment since has updated the amount sold and the investor count. The filings name Inland Long Island Residential Exchange, L.L.C. as signatory trustee and Inland Long Island Residential, L.L.C. as depositor.6 Its exemption bars general advertising and limits buyers to accredited investors.
- 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.
- Legal Trust name
- Inland Long Island Residential DST
- Filings on record
- 12
- 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
Is The Arboretum still raising money?
The sponsor’s SEC filings show the offering raising money within the past 15 months. A filing does not by itself confirm you can still buy in.
Where does Top1031 get the data for The Arboretum?
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.
Is this Trust still open to new investors?
Yes. Inland Long Island Residential DST was still raising as of its most recent Form D amendment, filed September 2, 2026, and twelve filings appear on its SEC record. The amount sold, the amount still available and the reported investor count appear in the sales rows on this page.
What exactly does the Trust own?
One property: The Arboretum, at 20 Maple Lane in Farmingville, New York, on Long Island. It holds 292 dwelling units across roughly 491,071 square feet of net leasable area, completed in 2024 on about 62 acres, and 50 of the residences are detached single-family rental homes.
Does the Trust use debt, and who is the lender?
No public SEC filing for this Trust names a lender. The Form D reports only the $107,581,888 of equity being offered, with no loan balance or maturity, and Top1031's filing-derived record lists leverage as unknown. Baker 1031, a third-party listing site summarizing sponsor and placement materials, states the acquisition was financed with a $104,500,000 first-mortgage loan from PNC Bank, National Association; no primary mortgage record was located to confirm it. The Private Placement Memorandum, the offering's full disclosure document, governs any loan terms.
Is there a tenant, and how full is the property?
There is no single corporate tenant — income comes from individual apartment and single-family-home leases. Inland reported the community 98% occupied at the March 9, 2026 closing of its acquisition. Baker 1031, summarizing sponsor materials, describes the property as master-leased to an Inland affiliate, with sponsor affiliates as master tenant, property manager and asset manager; those terms do not appear in any primary filing reviewed, and no public filing for this Trust reports occupancy after the sale.
Who can invest, and what is the stated minimum?
The Trust is offered under Rule 506(b), a private-placement exemption that bars general advertising and relies on pre-existing relationships, so participation is limited to accredited investors — those meeting SEC income or net-worth tests. The Form D records a $25,000 minimum outside investment; a sponsor may accept less at its discretion.
Can this Trust convert into REIT shares?
The filing-derived record for this Trust shows no 721/UPREIT feature — the arrangement under which some DSTs may contribute the property to an affiliated REIT in exchange for operating-partnership units. Any exit mechanics, including a sale of the property, are described in the Private Placement Memorandum.
Chapter 9BRP Cos. sells The Arboretum at Farmingville to The Inland R.E. Group for $190 millionNYREJ trade-press recap reporting BRP Companies, BlackRock and Basis Investment Group sold the 292-unit Arboretum in Brookhaven/Farmingville to Inland for $190 million. Inland Acquires 292-Unit Luxury Multifamily Property on Long Island, New YorkSponsor's press release announcing the acquisition of The Arboretum at 20 Maple Lane, Farmingville, NY — a 292-unit luxury community built in 2024 through a JV with BRP Companies. The Arboretum in New York trades hands for $190MJLL Capital Markets announces it facilitated the $190 million sale of the 292-unit fully-leased luxury multifamily community The Arboretum at Farmingville on Long Island, NY, from BRP Companies to an affiliate of The Inland Real Estate Group.