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Lost or impaired investor capital 0·Counted outcomes 0
No documented loss found in searched sources as of Sep 4, 2026.
Programs found in SEC fundraising filings (Form D)
ERP 1031 Industrial Portfolio II DSTFirst filed 2024No evidence of sale or full cycle; the offering (launched Nov 2024 per Form D) was fully subscribed at nearly $49.9M in equity by Jul 23, 2025 for a 29-property Permian Basin industrial portfolio, and no subsequent disposition has been reported (AltsWire, Jul 23, 2025). Source ↗As reported by the sponsor.
ERP 1031 is a real-estate investment firm founded and headquartered in Midland, Texas that sponsors Delaware statutory trust programs holding net-lease industrial properties serving the Permian Basin energy industry. Its principals say they identified the region as an investment thesis in 2007. The platform runs as a numbered industrial portfolio series: the first DST launched in April 2022 and raised roughly $44.2 million; Portfolio II was reported fully subscribed in July 2025 with $49,880,000 of equity; and Portfolio III was reported fully subscribed in January 2026 with $29.65 million. ERP reported four offerings comprising 65 industrial facilities, 96% occupied as of December 31, 2025.
ERP describes itself as founded and headquartered in Midland, Texas, and as a real-estate investment firm focused on acquiring cash-flowing, net-lease industrial properties3. The sponsor states that its strategy is to acquire and operate net-lease industrial facilities serving the energy industry in the Permian Basin and that its DST programs provide passive, hard-asset ownership of cash-flowing net-lease industrial properties serving the oil-and-gas industry; ERP says its principals identified the Permian Basin as an investment thesis in 20072.
Program series and reported scale
The DST platform runs as a numbered series: ERP 1031 Industrial Portfolio DST, ERP 1031 Industrial Portfolio II DST, ERP 1031 Industrial Portfolio III DST and ERP 1031 Industrial Portfolio IV DST6. AltsWire reported in February 2026 that ERP's aggregate presence in the DST marketplace consisted of four offerings comprising 65 industrial facilities, and ERP reported that its aggregate DST portfolio was 96% occupied as of December 31, 20254.
Completed offerings
The first ERP DST launched in April 2022 and raised approximately $44.2 million in equity from accredited investors, with that equity invested in 28 single-tenant, net-lease industrial properties serving the Permian Basin energy industry5. ERP reported that this first vehicle had maintained occupancy between 95% and 100% since its 2022 launch3. On July 22, 2025, ERP announced that ERP 1031 Industrial Portfolio II DST was fully subscribed with $49,880,000 of equity raised, used to acquire 29 net-lease industrial properties spanning 396,145 square feet across 137.17 acres3. On January 23, 2026, ERP announced that ERP 1031 Industrial Portfolio III DST was fully subscribed, having raised $29.65 million in equity from accredited investors2.
December 2025 acquisition and fourth program launch
On December 15, 2025, the fourth trust acquired its properties from ERP Funds III, LLC, an affiliate of the sponsor, for an aggregate purchase price of $44,000,0001. The four single-tenant, triple-net industrial assets serve the Permian Basin energy industry, encompass approximately 323,352 rentable square feet across 111.28 acres in Odessa and Midland, Texas, and were 100% leased as of January 1, 2026 with a weighted-average remaining lease term of roughly 13.1 years1. ERP announced the launch of ERP 1031 Industrial Portfolio IV DST on January 23, 2026 as a $36,150,000 equity offering of core net-lease industrial holdings in the Permian Basin2.
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