Inland NJ Senior Living DST reported its entire offering sold 377 days after its first sale, in a Form D amendment filed October 20, 2026. The trust, sponsored by Inland Private Capital, dated that first sale October 8, 2025.
Field | Detail |
|---|---|
Sponsor | Inland Private Capital |
First sale date | October 8, 2025 |
Days to 50% of ceiling | 377 |
Days to 90% of ceiling | 377 |
Offering ceiling | $77,255,073 |
Amount sold, initial filing | $265,625 |
Amount sold, amendment of October 20, 2026 | $77,255,073 |
Investors | 137 |
Minimum investment | $25,000 |
Exemption | 506(b) |
Form D industry | Other Real Estate |
Downward amendments | none |
The initial Form D, filed October 21, 2025, reported one investor. The next filing reported the raise complete. Nothing between the two is documented.
Set beside the sponsor's own history, the pace reads long. Inland Private Capital's prior programs carry a median of 113 days to the half mark and 159 days to 90%, across 122 programs. The market median across 875 likely 1031 DST programs sits at 109 days to half and 182 days to 90%. The trust's figure runs past each of those medians.
What the record does establish is that the ceiling filled and was never cut. The sponsor made no downward amendment, so the amount set at launch is the amount reported sold. That is demand, and demand is all it is: the filing carries no performance figures, and a subscribed offering is subscribed, not proven. With the stated ceiling reached, no amount is left for a further amendment to report.
Sources: Form D, filed October 21, 2025; Form D amendment, filed October 20, 2026.
Raise velocity is Top1031's pace measure: the days from an offering's first reported sale to the first Form D filing showing 50% and 90% of the stated ceiling sold. It is computed from filing dates, so an offering that amends rarely shows later milestones than one that amends often, and amounts sold are as filed and may lag. Sponsor and market medians cover likely 1031 DST programs only.