Sponsor profile
SEC filings + cited sources
InCommercial is a real estate investment firm specializing in net-leased, necessity-based motor fuel and convenience retail assets, operating a vertically integrated platform with a reported 25-year history spanning investment sales, 1031 exchange, financing, and property management. As of March 2025, the firm reported roughly $653 million in assets under management, 290 properties managed, and 219 owned across the United States. Its Delaware statutory trust platform includes several numbered net-lease series, and in May 2026 its debut motor fuel offering, the InCommercial RMF DST, was reported fully subscribed with nearly $18.2 million raised from accredited investors.
Platform and focus
InCommercial is a vertically integrated real estate investment firm concentrating on net-leased, necessity-based assets in the motor fuel and convenience retail sectors. The firm describes a 25-year operating history and provides investment sales, 1031 exchange, financing, property management, and investment services 1.
Reported scale
As of March 2025, InCommercial reported approximately $653 million in assets under management, with 290 properties managed and 219 properties owned across the United States 2.
DST program lineage
InCommercial's DST platform spans a series of net-lease vehicles, including six numbered InCommercial Net Lease DST offerings first filed between 2020 and 2022 and the more recent InCommercial RMF DST 5. SEC EDGAR identifies InCommercial Net Lease DST 4 under filer CIK 1891205, a Delaware-incorporated entity based in Chicago, Illinois 3.
Debut motor fuel DST
InCommercial reported in May 2026 that InCommercial Capital Corporation had fully subscribed the InCommercial RMF DST, its debut motor fuel DST, raising nearly $18.2 million from accredited investors. CEO Erik Conrad and head of capital markets Dan Mercer Jr. were quoted on the offering 4.