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 0·Counted Programs 0
No documented loss found in searched sources as of Sep 7, 2026.
Programs found in SEC fundraising filings (Form D)
Square at 48Multifamily·Lincoln, NESEC filing, May 1, 2026
$5.4M
$5.4M
99%Filed May 1, 2026
Availability unconfirmed
Multifamily
Benson Lights ApartmentsMultifamily·Omaha, NESEC filing, Mar 9, 2026
$10.8M
$5.5M
51%Filed Mar 9, 2026
Availability unconfirmed
Show all 4 active offerings
Industrial
1201 IndustrialIndustrial·North Kansas City, MOSEC filing, Jul 16, 2025
$17.2M
$3.6M
21%Filed Jul 16, 2025
Availability unconfirmed
Chapter 4
Who is behind this record?
SR Realty Trust, Inc. (SRRT) is a private real estate investment trust formed in 2014 and sponsored by Schafer Richardson, investing in commercial real estate in major metropolitan areas across the Upper Midwest. The company reports that it introduced the Delaware statutory trust structure in 2024, replacing tenant-in-common ownership as its primary vehicle for facilitating 1031 exchanges, and has since sponsored programs including SRRT 1201 Industrial DST and SRRT Benson DST. Portfolio highlights dated January 1, 2026 report more than $572 million of real estate across 50 properties and more than 5.7 million square feet at 60% loan-to-value, with assets in Minnesota, Missouri, Nebraska, Iowa and Wisconsin.
SR Realty Trust, Inc. (SRRT) is a private real estate investment trust formed in 2014 to invest in a diversified portfolio of stable, institutional-quality commercial real-estate assets alongside investor partners; Schafer Richardson sponsors the trust and states that its principals are significantly invested personally in SRRT1. A May 1, 2026 offering memorandum states that SRRT is externally managed by SRRT Advisor, LLC2. The trust states that it invests in commercial assets located in major metropolitan areas across the Upper Midwest, and portfolio highlights dated January 1, 2026 report more than $572 million of real estate, 50 properties, four investments, more than 5.7 million square feet and 60% loan-to-value, with assets in Minneapolis–Saint Paul and Duluth, Minnesota; Kansas City, Missouri; Omaha and Lincoln, Nebraska; the Quad Cities in Iowa; and Milwaukee, Wisconsin3.
DST platform
SRRT reports that the Delaware statutory trust structure was introduced in 2024, replacing the traditional tenant-in-common structure as the company's primary vehicle for facilitating 1031 exchanges, and that the platform continued expanding during 20254. Programs carrying the sponsor's name include SRRT 1201 Industrial DST, first filed in 2025, and SRRT Square 2 DST, SRRT Benson DST and SRRT 5902 Industrial DST, each first filed in 20265. A June 11, 2025 Schafer Richardson announcement stated that SRRT closed a $32.9 million Kansas City commercial portfolio — a 500,000-square-foot industrial property leased to Wagner Logistics, an adjacent United Rentals facility and approximately 12 acres of excess land — structured as the company's fourth DST6.
Reported transaction record
For 2025, SRRT's annual report states that the company closed on three assets totaling $75.2 million and generated approximately $22 million of proceeds from selling DST interests, resulting in approximately $3.7 million of realized gains4. The same report states that SRRT reduced its share price in December 2025 based on its calculation of the portfolio's net asset value4. Unaudited consolidated interim statements for the three and six months ended June 30, 2026 report second-quarter sales of portions of the company's investments in three of its Delaware statutory trusts: approximately $4.7 million of cash across five transactions involving 5902 Industrial DST, approximately $4.3 million across three transactions involving SRRT Benson DST, and approximately $3.1 million across three transactions involving SRRT 1201 Industrial DST7.
Portfolio operations
SRRT's August 2026 newsletter reports that 17 leases totaling 18,237 square feet were executed across the portfolio in the second quarter of 2026, including 16 renewals and one new 1,897-square-foot lease8.
New Phase and BuildingThe property's dated announcement says a new residential phase will arrive in August 2026 with modern amenities and smart access.
PEI to open North Omaha facility, bring 150 jobs to areaOmaha local outlet covers the same Pacific Engineering announcement (the company is a tenant of the SRRT 5902 Industrial DST), confirming plans for a 150,000-square-foot second Omaha facility at the Airport Business Park on Abbott Drive and 150 new jobs.
Pacific Engineering Inc. to become first tenant at Omaha Airport Business ParkLocal news reports Pacific Engineering Incorporated (a tenant of the SRRT 5902 Industrial DST property at 5902 N 9th St) is taking a 150,000-square-foot space at the new Omaha Inland Port Authority site on Abbott Drive and plans to hire 150 workers at an average $74,000 salary.
01 – Overview Brochure – SRRT 5902 Industrial DSTSponsor publication of the offering brochure for the SRRT 5902 Industrial DST at 5902 N 9th Street, Omaha, NE, evidencing the 2026 launch of offering materials for the two-tenant warehouse/manufacturing NNN DST (100% leased to OTR Engineered Solutions and Pacific Engineering).
SRRT Newsletter — November 2025 (Issue 33) introduces SRRT Benson DSTSR Realty Trust introduced SRRT Benson DST, a newly launched offering featuring a 100-unit multifamily community in Omaha, NE (the Benson Lights Apartments), with a target 5.36% return, $20.34M total price, 47% LTV, $500K minimum, 95% occupancy, built 2017, and 3,000 SF leased to First Interstate Bank on the ground floor.
SRRT Square 2 DST – Ground Lease Opportunity (Flyer)Sponsor flyer for the SRRT Square 2 DST: a $5,400,000 Delaware Statutory Trust offering of the land at 1712 N 48th Street, Lincoln, NE, under a 50-year ground lease to SRRT Properties LP for a 115-unit Class A market-rate apartment building with summer 2026 delivery.
Top Industrial Leases Recognized for OmahaCoStar lists Q4 2024 top industrial leases in Omaha/Nebraska including 5902 N 9th Street as the new 153,000 SF OTR Engineered Solutions lease—the underlying property of the SRRT 5902 Industrial DST.
Square at 48Sampson Construction built Square at 48, a five-story, 118,000 SF mixed-use development at 4800 Holdrege Street in Lincoln, NE, between the Nebraska Wesleyan University and UNL East campuses, with ground-floor retail and apartments above.
SR Realty Trust acquires 132-unit apartment property in OmahaSR Realty Trust acquired a 132-unit market-rate multifamily property at 405 S. 16th St., Omaha, NE (separate from Benson Lights, which was acquired in 2021 and is part of SRRT's broader portfolio).
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