Healthcare Portfolio II DST reached full cycle on September 2, 2021. Its properties were contributed to the Operating Partnership of IPC Alternative Real Estate Income Trust, which issued OP Units in exchange, and those units were distributed to participants in the Delaware Statutory Trust (DST). The transaction is recorded in the Form S-11/A that IPC Alternative Real Estate Income Trust filed with the SEC on September 22, 2023, which places this Trust in the roll-up.
No return figure for this Trust appears in the public record. The registration statement gives the date, this Trust's participation and the form of consideration, and stops there; it does not state what the exchange was worth to Healthcare Portfolio II DST participants, and Top1031 found no dated release from Inland Private Capital reporting a result for this program. Because the consideration was units rather than cash, no disposition price sits in the record either.
The offering as filed and the disposition on record | |
|---|---|
Sponsor | Inland Private Capital |
First Form D | |
Exemption | 506(b) |
Offering amount | $54,858,510 |
Minimum investment | $25,000 |
Asset class as filed | Other Real Estate |
Exit type | Section 721 UPREIT roll (contribution to a REIT for operating-partnership units) |
Exit date | September 2, 2021 |
Hold, first filing to exit | 4.4 years |
The Form D describes the offering, not the real estate. It carries the sponsor, the exemption, the ceiling and the minimum, and it does not identify the properties, their locations or their tenants; the asset class was filed under the broad heading above. Readers looking for the property-level detail will not find it in the filings that opened or closed this program.
What the record fixes is the mechanism, the date, and the hold from first filing to exit.