Top1031

Zero Coupon Ann Arbor Lab DST

sponsored by Inland Private Capital

HistoricalLast Form D filed May 23, 2024 (opens in a new tab)

Zero Coupon Ann Arbor Lab DST, sponsored by Inland Private Capital, filed its first Form D with the SEC on Jul 26, 2023 for a $18.4 million offering. Its last Form D was filed May 23, 2024.

How it ended

No outcome recorded · under 7 years

Last Form D filed May 23, 2024.

Inland Private Capital has 8 active offerings on record →

Key facts

Minimum investment
$100,000
From the Form D
Offering size
$18,483,693
Equity offered, per the Form D
Sold
65.8%
Form D, May 23, 2024; the % is our arithmetic
Investors reported
101
Form D, May 23, 2024
Selling commissions
$924,185 · 5.0% of offering
Form D Item 15; the % is our arithmetic
Financing
Zero coupon. Cash flow from the property goes to servicing the debt.
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 →

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: Zero Coupon Ann Arbor Lab DST. Top1031 is not a broker-dealer.

What did Zero Coupon Ann Arbor Lab DST own?

Zero Coupon Ann Arbor Lab DST is a Delaware statutory trust organized in 2023 and sponsored by Inland Private Capital. 1 A DST holds real estate that 1031 exchangers buy fractional interests in. Its zero-coupon structure directs property cash flow to debt service rather than to current distributions. The Form D filings name no property, tenant, or lease, and set the offering at $18,483,693. 1

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

Under that structure, income from the property is applied to the loan rather than paid out to investors currently, which lets an exchanger replace a large mortgage with a small equity check. No lender, loan amount, or maturity appears anywhere in the SEC filings for this Trust.

Debt

Financing
Zero coupon. Cash flow from the property goes to servicing the debt.

Costs and terms from the Form D

Selling commissions
$924,185 · 5.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$5,257,803 · 28.4% of offering
Form D Item 16
· The filing’s note: “Estimate of certain fees, including Dealer Fee, Placement Agent Fee, O&O Expenses, Acquisition Fee and reimbursement of costs related to acquisition of property that may accrue to one or more related persons.”
Broker-dealers named in the Form D
15 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Aug 9, 2023
Minimum investment
$100,000

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 initial notice was filed before any sale had occurred and stated that the offering was not intended to last more than one year. 1 The most recent amendment reported August 9, 2023 as the date of first sale. 2 Interests are sold privately, without public advertising, to accredited investors — people meeting SEC income or net-worth tests.

Legal Trust name
Zero Coupon Ann Arbor Lab DST
SEC CIK
1987267
First Form D
Jul 26, 2023
Latest Form D
May 23, 2024
Filings on record
3
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$18,483,693
$12,179,817+$6,443,008
101+56
EDGAR
Form D/A$18,483,693
$5,736,809+$5,736,809
45
EDGAR
Form D$18,483,693
$0
EDGAR

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 Zero Coupon Ann Arbor Lab DST?
Zero Coupon Ann Arbor Lab DST is a Historical offering. Last Form D filed May 23, 2024.
What property does this Trust own?
No source identifies it. The name points to a laboratory property in Ann Arbor, Michigan, but the Form D and its two amendments name no property, address, tenant, lease, or purchase price, and no other primary record resolved the question. Prospective investors would need the offering documents for the asset details.
What does "zero coupon" mean in a DST?
In a zero-coupon DST, the property's cash flow is applied to the loan rather than distributed to investors during the hold. Exchangers typically use these structures to replace a large amount of debt from a relinquished property with a relatively small equity contribution. The filings for this Trust disclose no lender, loan balance, or maturity.
What is the minimum investment?
Every Form D on record for this Trust states a minimum investment of $100,000, unchanged from the July 26, 2023 initial notice through the May 23, 2024 amendment.
Can investors roll into a REIT at the end?
Nothing in the record indicates a 721 or UPREIT exit — the structure in which DST investors contribute their interests to a real estate investment trust's operating partnership for REIT units. Top1031's data marks no REIT conversion path for this Trust.
Who is Inland Private Capital?
Inland Private Capital Corporation, based at 2901 Butterfield Road in Oak Brook, Illinois, is the sponsor named in the Form D and part of the long-established Inland real estate organization. Top1031 tracks a substantial roster of Inland 1031 offerings, both active and closed.

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.