Full cycle

Top1031 Records a September 14, 2021 Walgreens Sale Out of Pharmacy Portfolio VII DST

Top1031 records it as a partial sale rather than a completed cycle, and as the only disposition in its record for the Delaware Statutory Trust (DST) since 2014.

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A Walgreens property left Pharmacy Portfolio VII DST on September 14, 2021. The sale, the date, and Inland Private Capital's description of the transaction as a one-off out of a portfolio the sponsor said it still owned all come from one Finance & Commerce item, which by its own web address concerns a Walgreens in St. Cloud at a different price. That single item is the whole of the outside record.

What the trust filed:

Field

Record

Trust

Pharmacy Portfolio VII DST

Sponsor

Inland Private Capital

First Form D

December 22, 2014

Offering amount

$14,818,729

Minimum investment

$25,000

Exemption

506(b)

Asset class recorded

Other Real Estate

The Form D states the money and the terms, not the real estate. Nothing filed under the trust's CIK identifies the properties, the tenants, or the financing behind them; that detail sits in a private placement memorandum the public does not see. Which is why the sale has to be documented from outside the filings.

Top1031's disposition record does carry a sale price for the transaction, recorded at high confidence on a sponsor-announcement basis, and it names the property as the Walgreens at 1112 Civic Center Drive NW in Rochester. Three sources are cited for that price. The first is the Finance & Commerce item. The second is an executive summary for Inland Zero Coupon Pharmacy VI and VII DST, a differently titled program. The third, a filing index under CIK 1628725, is the only cited item that names this Trust's CIK, and it reports no sale price. No dated announcement from the sponsor of a Pharmacy Portfolio VII sale turned up, so the recorded figure is not printed here as this Trust's price.

The record carries no total return, no annualized figure, and no equity multiple for the September 2021 transaction.

So the public file, as of August 26, 2026, supports a narrow statement and no more: a property sold on a stated date out of a 2014 offering, and a sponsor characterization that reaches the record secondhand.