Top1031

Zero Coupon Essential Portfolio II DST

sponsored by Inland Private Capital

HistoricalLast Form D, filed Apr 30, 2026, reports the offering fully sold (opens in a new tab)

Zero Coupon Essential Portfolio II DST, sponsored by Inland Private Capital, filed its first Form D with the SEC on Mar 8, 2023 for a $3.6 million offering. Its last Form D, filed Apr 30, 2026, reports the offering fully sold.

How it ended

No outcome recorded · under 7 years

The last Form D, filed Apr 30, 2026, reports the offering fully sold.

Inland Private Capital has 8 active offerings on record →

Key facts

Minimum investment
$0
From the Form D
Offering size
$3,670,402
Equity offered, per the Form D
Sold
100%
Form D, Apr 30, 2026; the % is our arithmetic
Investors reported
36
Form D, Apr 30, 2026
Selling commissions
$0 · 0.0% 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 Essential Portfolio II DST. Top1031 is not a broker-dealer.

What did the Trust own?

Nothing in the public record identifies what this Trust owns. A Form D discloses securities terms, not real estate, and the SEC file for CIK 1965977 shows only a Delaware entity with a mailing address at 2901 Butterfield Road, Oak Brook, Illinois. 1 That detail would sit in the Trust's offering documents.

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

In a zero-coupon structure, the property's income goes to the lender rather than to investors: the loan pays down over the hold instead of cash arriving each quarter, and the tax deferral rather than current income is the point. The public record does not name the lender, the loan balance, or the term.

Debt

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

Costs and terms from the Form D

Selling commissions
$0 · 0.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$0 · 0.0% of offering
Form D Item 16
Broker-dealers named in the Form D
None named in the Form D
Date of first sale
Apr 26, 2023
Minimum investment
$0

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.

What does the SEC record show?

Two filings make up the entire record: an initial Form D notice and a single amendment three years later reporting the offering's final figures. The Trust's first sale took place April 26, 2023. 2 Rule 506(b) means no public advertising — interests went to accredited investors through pre-existing relationships with the sponsor or its selling broker-dealers.

Legal Trust name
Zero Coupon Essential Portfolio II DST
SEC CIK
1965977
First Form D
Mar 8, 2023
Latest Form D
Apr 30, 2026
Filings on record
2
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$3,670,402
$3,670,402+$3,670,402
36
EDGAR
Form D$3,670,402
$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 Essential Portfolio II DST?
Zero Coupon Essential Portfolio II DST is a Historical offering. The last Form D, filed Apr 30, 2026, reports the offering fully sold.
What does "zero coupon" mean in a DST like this one?
A zero-coupon DST is financed with a loan whose payments consume essentially all of the property's income, so investors receive little or no current cash during the hold. The debt amortizes instead. Investors in these structures are generally seeking 1031 tax deferral and whatever equity remains at sale rather than ongoing distributions. The specific loan terms for this Trust are not in the public record.[
What property does Zero Coupon Essential Portfolio II DST own?
It has never been publicly disclosed. Prospective investors would have received that information in the offering documents distributed by the sponsor and its broker-dealers.
Who is Inland Private Capital?
Inland Private Capital Corporation is the private-capital arm of the Inland real estate group, based in Oak Brook, Illinois, and it is named in this Trust's Form D as the sponsor. It sponsors a numbered series of zero-coupon DST offerings, of which this is the second "Essential Portfolio" entity. On July 14, 2022 the firm announced the monetization of its first zero-coupon offerings.
Does this Trust have a 721/UPREIT exit?
The record shows no REIT conversion feature. A 721 or UPREIT exit lets a DST's real estate be contributed to a REIT's operating partnership in exchange for units, converting an exchanger's position into REIT interests. Nothing in this Trust's public record indicates that path.

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.