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Sponsors/InCommercial
InCommercial logo

InCommercial

DST sponsor · first SEC filing 2020 · incommercialre.com ↗

Active offerings0None in current SEC filings
Programs on record7 →SEC Form D filings
First filed2020Earliest Form D on record
Property focusNet lease 22 of 6 with a stated type

Counted by Top1031 from SEC Form D filings · updated Oct 15, 2026 · Record Card evaluated Oct 12, 2026

Sponsor Record Card
NR
NR · Not rated

0 completed sales; 0 losses or impairments; 0 counted Programs. Fewer than three counted Programs.

Completed sales: 0
Lost or impaired 0 · Counted Programs 0
See the full cardRead the method

InCommercial has sponsored seven Delaware Statutory Trust (DST) programs found in SEC Form D filings since 2020. None of its offerings is active in SEC filings today; its most recent Form D was first filed in 2025.

1Offerings2Record Card3Deal practices4About5Track record 76News7Questions8Similar sponsors
OfferingsRecord CardPracticesAboutTrack record 7NewsQuestionsSimilar sponsors
On this sponsor page
  1. 1Offerings
  2. 2Record Card
  3. 3Deal practices
  4. 4About
  5. 5Track record 7
  6. 6News
  7. 7Questions
  8. 8Similar sponsors
  9. 9Next step

InCommercial DST offerings (0 active)

Active means an SEC filing in the last 15 months and not reported fully subscribed. It does not confirm you can still invest.

Ask a 1031 specialist about InCommercial

No active offerings are on record for this sponsor.

InCommercial Record Card

Top1031 Sponsor Record Card

InCommercial

How this letter was decided
NR
NR · Not rated

0 completed sales; 0 losses or impairments; 0 counted Programs. Fewer than three counted Programs. NR is not a failing grade. A letter needs 3 counted outcomes or 3 documented sales.

Completed sales 0Losses or impairments 0Counted Programs 0

Of 7 Programs, 0 count toward the Grade: 0 completed sales and 0 losses or impairments. The lines below describe all Programs, including those outside the Grade count.

No documented loss found in searched sources as of Oct 12, 2026.

Programs found in SEC fundraising filings (Form D)
7
Sold, result reported by the sponsor
0
Sold, result not reported by the sponsor
0
Sold according to the sponsor, not yet verified by us
0
Moved into a REIT instead of sold
0
Lost investors' money, or capital at documented risk
0
Older than 7 years, confirmed still operating
0
Older than 7 years, no public outcome found
0
No outcome recorded · under 7 years
7
Share of programs over 3 years old whose status we confirmed
33%

If we missed a sale, a reported result or a public record, send it. Evidence changes a Grade.

Submit a correction ↗

How does InCommercial build its deals?

From one of InCommercial’s offering documents (Jul 2025). These are the sponsor's own tables, not the Record Card's counts above.

Deal terms · free account

How complete is the track record in its offering documents?
Full record, losses includedFull record, no completed exits yetRecord with gapsSelected results onlyNo results tableFull record, losses included
Full record, losses includedFull record, no completed exits yetRecord with gapsSelected results onlyNo results table
How often did past exits return less than investors put in?
Under 5% of the 10–49 exits in its tablesUnder 5% of the 50+ exits in its tables5–15% of the 10–49 exits in its tables5–15% of the 50+ exits in its tables15% or more of the 10–49 exits in its tables15% or more of the 50+ exits in its tablesNot shown in its offering documentsUnder 5% of the 10–49 exits in its tables

As reported by the sponsor.

Under 5% of the 10–49 exits in its tablesUnder 5% of the 50+ exits in its tables5–15% of the 10–49 exits in its tables5–15% of the 50+ exits in its tables15% or more of the 10–49 exits in its tables15% or more of the 50+ exits in its tablesNot shown in its offering documents
How many current programs pay less than the sponsor projected?
Under 20% of the 10–49 programs in its tablesUnder 20% of the 50+ programs in its tables20–40% of the 10–49 programs in its tables20–40% of the 50+ programs in its tables40% or more of the 10–49 programs in its tables40% or more of the 50+ programs in its tablesNot shown in its offering documentsNot shown in its offering documents
Under 20% of the 10–49 programs in its tablesUnder 20% of the 50+ programs in its tables20–40% of the 10–49 programs in its tables20–40% of the 50+ programs in its tables40% or more of the 10–49 programs in its tables40% or more of the 50+ programs in its tablesNot shown in its offering documents
Can its affiliate buy investors out?
Yes, in the 1 offering reviewedNo, in the 1 offering reviewedYes, in the 1 offering reviewed
Yes, in the 1 offering reviewedNo, in the 1 offering reviewed
Does its own master tenant pay the rent?
Yes, in the 1 offering reviewedNo, in the 1 offering reviewedYes, in the 1 offering reviewed
Yes, in the 1 offering reviewedNo, in the 1 offering reviewed
Can investors remove the manager?
Only for cause, in the 1 offering reviewedNo, in the 1 offering reviewedNo, in the 1 offering reviewed
Only for cause, in the 1 offering reviewedNo, in the 1 offering reviewed

About InCommercial

InCommercial Property Group is a real estate investment firm that describes itself as specializing in net-leased, necessity-based assets in the motor fuel and convenience retail sectors, with stated service lines spanning investment sales, 1031 exchange, financing, property management and investments. Top1031 tracks seven InCommercial Delaware statutory trusts: Net Lease DST 1 through 6, first filed between 2020 and 2022, and InCommercial RMF DST, first filed in 2025. Sponsor material describes RMF DST as owning four Texas properties leased to Panthers Petroleum III LLC under 20-year triple-net leases, and AltsWire reported in May 2026 that the trust was fully subscribed at nearly $18.2 million.

Sponsor-stated figures are as reported by the sponsor.Sources: incommercialre.com · Web page · Undated · dst.investments · PDF document · 2026 · Top1031 sponsor record · altswire.com · Web page · 2025 · altswire.com · Web page · 2026 · prnewswire.com · Press release · 2024

DST programs tracked

Top1031 tracks seven InCommercial Delaware statutory trusts and the year each first filed: InCommercial Net Lease DST 2 (2020); InCommercial Net Lease DST 1, InCommercial Net Lease DST 3 and InCommercial Net Lease DST 4 (2021); InCommercial Net Lease DST 5 and InCommercial Net Lease DST 6 (2022); and InCommercial RMF DST (2025) 3.

Motor-fuel DST record

AltsWire reported that InCommercial Capital Corporation launched InCommercial RMF DST on July 28, 2025 as its first retail motor-fuel DST, with nearly $18.2 million of equity offered to accredited investors 4. That trust's offering summary states that it owns four Texas properties leased to Panthers Petroleum III LLC under triple-net leases with 20-year terms 2. AltsWire reported on May 19, 2026 that InCommercial Capital Corporation had fully subscribed the trust, raising nearly $18.2 million from accredited investors for four Houston-area gas station and convenience store properties 5.

Reported acquisition financing

Fairview Partners announced on January 9, 2024 that it closed a $20 million loan to InCommercial, facilitated by Gneiting Capital, and said the financing enabled InCommercial to acquire the Travel America travel center in Fairview, Kansas and three regional Texas gas stations 6.

Show sources (6)Hide sources (6)
  • incommercialre.com · Web page · Undated ↗ Sponsor disclosure
  • dst.investments · PDF document · 2026 ↗ Sponsor disclosure
  • Top1031 sponsor record ↗
  • altswire.com · Web page · 2025 ↗ Sponsor disclosureJul 28, 2025
  • altswire.com · Web page · 2026 ↗ Sponsor disclosureMay 19, 2026
  • prnewswire.com · Press release · 2024 ↗ Sponsor disclosureJan 9, 2024
Written from SEC filings and cited sources · Updated Sep 2, 2026

InCommercial track record (7 programs)

Every program found in SEC Form D filings. Programs with a reported result are listed first, then the rest by first filing year. Each row links to its SEC filings.

Filter by Record Card line
ProgramResult on recordCounted asFiling
InCommercial RMF DSTFirst filed 2025No sponsor-reported figure
No outcome recorded · under 7 years
SEC filings ↗
InCommercial Net Lease DST 5First filed 2022No sponsor-reported figure
No outcome recorded · under 7 years
SEC filings ↗
InCommercial Net Lease DST 6First filed 2022No sponsor-reported figure
No outcome recorded · under 7 years
SEC filings ↗
InCommercial Net Lease DST 1First filed 2021No sponsor-reported figure
No outcome recorded · under 7 years
SEC filings ↗
Incommercial Net Lease DST 3First filed 2021No sponsor-reported figure
No outcome recorded · under 7 years
SEC filings ↗
InCommercial Net Lease DST 4First filed 2021No sponsor-reported figure
No outcome recorded · under 7 years
SEC filings ↗
InCommercial Net Lease DST 2First filed 2020No sponsor-reported figure
No outcome recorded · under 7 years
SEC filings ↗
Show all 7 programsShow fewer

InCommercial news

  1. May 19, 2026

    InCommercial Fully Subscribes Debut Motor Fuel DST, Raising $18.2 Million

    AltsWire ↗

  2. Jul 28, 2025

    InCommercial Launches $18 Million Gas Station DST in Houston Area

    AltsWire ↗

  3. Jul 23, 2025

    InCommercial Net Lease DST 6 – Investment Losses: Lawsuit Investigation

    The White Law Group ↗

More InCommercial coverage (1)
  1. Sep 2, 2025

    InCommercial Net Lease DST 4 Complaints and Lawsuits

    The White Law Group ↗

Questions about InCommercial DSTs

Does InCommercial have DST offerings available now?
None of InCommercial’s offerings is active in SEC filings today. Its most recent Form D was first filed in 2025.
How many DST programs has InCommercial sponsored?
Top1031 found seven InCommercial programs in SEC Form D filings. The first was filed in 2020. Each is listed in the track record on this page with a link to its SEC filings.
What kind of property does InCommercial put in its DSTs?
Of the six InCommercial offering records on Top1031, two are net lease.
What results has InCommercial published for its DSTs?
On its Record Card, none of its seven programs sold with a result reported by the sponsor yet. Sponsor-stated figures are as reported by the sponsor; Top1031 does not compute or estimate returns.
How do I ask about InCommercial offerings?
Use the “Ask a 1031 specialist about InCommercial” button at the top of InCommercial’s offerings list on this page. Top1031 is not a broker-dealer or investment adviser and does not provide tax, legal, or investment advice.

Answers are generated from the counts on this page and change when the record changes.

Other DST sponsors with active offerings

  • Cove Capital Investments logoCove Capital Investments18 active · 101 programs on record
  • ExchangeRight logoExchangeRight11 active · 121 programs on record
  • Kingsbarn Realty Capital logoKingsbarn Realty Capital10 active · 87 programs on record
  • Inland Private Capital logoInland Private Capital8 active · 235 programs on record
  • Net Lease Capital Advisors logoNet Lease Capital Advisors8 active · 30 programs on record
  • How to evaluate a DST sponsor →
  • DST due diligence checklist →
  • The largest DST sponsors, from SEC filings →

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Top1031 is a data and education platform, not a broker-dealer, investment adviser, tax advisor, law firm, qualified intermediary, or securities issuer.

Information is not advice or an offer to buy or sell securities. DSTs are illiquid private securities with substantial risks, including loss of principal.

Data may be incomplete or delayed, and Top1031 does not audit sponsor-reported figures. Sponsor Grades are editorial sponsor assessments, not offering ratings or recommendations.

Review the current offering documents and consult qualified professionals. Gated offering data is intended for users who self-attest that they are accredited investors.

Commercial relationships are not inputs in the Top1031 Grade method. Losses are counted only from court, county or sponsor-published records.

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