Top1031
The Arboretum
Multifamily property in Farmingville, NY · sponsored by Inland Private Capital
The Arboretum is a DST sponsored by Inland Private Capital that owns a multifamily property in Farmingville, NY. Its latest Form D, filed Oct 6, 2026, lists a $107.5 million offering with a $25,000 minimum.
Key facts
- Minimum investment
- $25,000From the Form D
- Offering size
- $107,581,888Equity offered, per the Form D
- Sold so far
- Form D, Oct 6, 2026; the % is our arithmetic50.5%
- Investors reported
- Form D, Oct 6, 2026128
- Selling commissions
- Form D Item 15; the % is our arithmetic$8,498,969 · 7.8% of offering
- Financing
- Leveraged. This offering reports mortgage debt on the property.How it is financed ↓
- 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 →
Sales so far
- Latest Form D
- Oct 6, 2026 · 13 filings
- First sale
- Feb 23, 2026
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
- Amount sold
- $54,350,955
- Not yet sold
- $53,230,933
- Investors
- 128
Calculated by Top1031 from the Form D filings, not stated by the sponsor:
50.5% of $107,581,888 sold, calculated by Top1031 from the Form D
- Average since first sale
- about $7.3 million a month
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Ask a 1031 specialist about this recordFree. About: The Arboretum. Top1031 is not a broker-dealer.The Arboretum · Farmingville, NY · Photo: libn.com
What does The Arboretum own?
The community was completed in 2024 on roughly 62 acres, and 50 of its residences are detached single-family rental homes. BRP Companies sold it for $190 million to an affiliate of The Inland Real Estate Group, a trade JLL announced on March 2, 2026. 2 Inland reported the property 98% occupied at closing. 1 Thirty of the units are designated affordable two- and three-bedroom rentals. 3
- Property address
- 20 Maple Lane, Farmingville, NY
- Property size
- 292 dwelling units; roughly 491,071 square feet of net leasable area
How have sales gone?
The sponsor’s own numbers, with the caveat in Sales so far ↑.
How is it financed, and what did it cost to sell?
The Trust carries a mortgage loan on the property. Baker 1031, summarizing sponsor offering materials, reports a $104,500,000 first-mortgage loan from PNC Bank, National Association funded alongside the acquisition, inside total capitalization of $212,081,888 that also includes the offering equity. 5
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Costs and terms from the Form D
- Selling commissions
- $8,498,969 · 7.8% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $6,799,456 · 6.3% of offeringForm 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 be accrue to one or more Related Persons.”
- Broker-dealers named in the Form D
- 25 named in the Form D
Show the firms
- 1031 Securities Inc. · CRD 326590
- Alexander Capital, L.P. · CRD 40077
- American Investors Company · CRD 38
- American Trust Investment Services, Inc. · CRD 3001
- Ameritas Investment Company, LLC · CRD 14869
- Calton & Associates, Inc. · CRD 20999
- Cambridge Investment Research, Inc. · CRD 39543
- Capulent LLC · CRD 155155
- Centaurus Financial, Inc. · CRD 30833
- Concorde Investment Services, LLC · CRD 151604
- DAI Securities, LLC · CRD 36673
- Emerson Equity LLC · CRD 130032
- FNEX Capital, LLC · CRD 166316
- Hilltop Securities Inc. · CRD 6220
- Investment Planners, Inc. · CRD 18557
- Investment Security Corporation · CRD 47536
- J.W. Cole Financial, Inc. · CRD 124583
- Lincoln Investment Planning · CRD 519
- MML Investor Services, LLC · CRD 10409
- McDermott Investment Services, LLC · CRD 154926
- Park Avenue Securities LLC · CRD 46173
- Private Client Services, LLC · CRD 120222
- Rainmaker Securities, LLC · CRD 132995
- Realized Financial, Inc. · CRD 22333
- Stifel Nicolaus & Company, Incorporated · CRD 793
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Feb 23, 2026
- 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.
Who's behind The Arboretum?
Inland Private Capital is the private-placement arm of The Inland Real Estate Group, the real estate company whose affiliate acquired The Arboretum. 1 The Trust's Form D amendments name Inland Private Capital Corporation as sponsor of the issuer. 6 An Inland affiliate also operates the property under a master lease, subleasing units to residents. 4 On January 7, 2026, the Town of Brookhaven Industrial Development Agency approved assigning the project's existing tax benefits to Inland Long Island Residential DST. 7
- Sponsor
- Sponsor entity in the Form D
- Inland Private Capital Corporation
- Signatory trustee
- Inland Long Island Residential Exchange, L.L.C.
- Depositor
- Inland Long Island Residential, L.L.C.
- Offerings on record
What does the SEC record show?
The filings record an equity offering by a Delaware statutory trust with Inland Private Capital Corporation as sponsor, and report February 23, 2026 as the date of the first securities sale. 8 Each amendment since has updated the figures reported to the SEC.
- Legal Trust name
- Inland Long Island Residential DST
- SEC CIK
- 2113730
- First Form D
- Mar 9, 2026
- Latest Form D
- Oct 6, 2026
- Filings on record
- 13
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D/A | $107,581,888 | $54,350,955+$7,757,215 | 128+14 | EDGAR | |
| Form D/A | $107,581,888 | $46,593,740+$1,994,062 | 114+7 | EDGAR | |
| Form D/A | $107,581,888 | $44,599,678+$11,695,698 | 107+34 | EDGAR | |
| Form D/A | $107,581,888 | $32,903,980+$4,986,107 | 73+12 | EDGAR | |
| Form D/A | $107,581,888 | $27,917,873+$5,762,985 | 61+15 | EDGAR | |
| Form D/A | $107,581,888 | $22,154,888+$3,534,615 | 46+9 | EDGAR | |
| Form D/A | $107,581,888 | $18,620,273+$627,500 | 37+2 | EDGAR | |
| Form D/A | $107,581,888 | $17,992,773+$1,383,177 | 35+5 | EDGAR | |
| Form D/A | $107,581,888 | $16,609,596+$3,274,994 | 30+10 | EDGAR | |
| Form D/A | $107,581,888 | $13,334,602+$2,710,647 | 20+6 | EDGAR | |
| Form D/A | $107,581,888 | $10,623,955+$9,026,294 | 14+9 | EDGAR | |
| Form D/A | $107,581,888 | $1,597,661+$285,161 | 5+3 | EDGAR | |
| Form D | $107,581,888 | $1,312,500 | 2 | EDGAR |
Show all 13 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
- Is The Arboretum an active offering?
- The Arboretum is an Active offering: its latest Form D was filed Oct 6, 2026. A Form D filing does not by itself confirm that interests are still available; the sponsor or a registered representative can confirm what is open.
- What exactly does the Trust own?
- One property: The Arboretum, at 20 Maple Lane in Farmingville, New York, in Suffolk County 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. The Long Island Housing Partnership records 30 of the units as designated affordable two- and three-bedroom rentals.
- Who bought the property, from whom, and for how much?
- An affiliate of The Inland Real Estate Group bought The Arboretum from BRP Companies for $190 million. JLL announced the sale on March 2, 2026, and Inland announced the closing on March 9, 2026, reporting the community 98% occupied at that point. Baker 1031, a distributor site summarizing sponsor offering materials, dates the trust's acquisition to January 30, 2026.
- Who pays the rent?
- Residents do, under individual apartment, townhome and single-family-home leases, so there is no single corporate tenant. Baker 1031, summarizing sponsor offering materials, reports the trust master-leased the property to an Inland Private Capital affiliate that subleases the individual units to residents. That same source reports roughly 93.15% of units subleased as of January 19, 2026.
- Does the Trust use debt, and who is the lender?
- Yes, the Trust is leveraged. Baker 1031, a distributor site summarizing sponsor offering materials, reports a $104,500,000 first-mortgage loan from PNC Bank, National Association, within total capitalization of $212,081,888 made up of that debt and $107,581,888 of equity. The Form D filings themselves report only the equity offering, and loan terms are governed by the offering documents.
- Who can invest, and what is the stated minimum?
- Purchases are limited to accredited investors, those meeting SEC income or net-worth tests, because the Trust is offered under Rule 506(b), a private-placement exemption that bars general advertising and relies on pre-existing relationships. The Form D records a $25,000 minimum outside investment, and a sponsor may accept less at its discretion.
- Could this Trust roll into a REIT at exit?
- The record shows no 721/UPREIT feature, the arrangement under which some DSTs contribute their property to an affiliated REIT in exchange for operating-partnership units. Exit mechanics for this Trust are described in the offering documents, which are not public documents.
In the news
Sources
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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.