ERP 1031 Industrial Portfolio IV DST

The sponsor’s SEC filings show the offering raising money within the past 15 months. A filing does not by itself confirm you can still buy in.

Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.

Four single-tenant industrial properties in West Texas — three in Odessa and one in Midland — totaling approximately 323,352 rentable square feet across 111.28 acres, reported 100% occupied as of January 1, 2026 in the sponsor's offering materials.[2] They are office and warehouse buildings used by companies serving Permian Basin oil and gas operations.

Sponsor-affiliated offering materials identify ChampionX LLC / Schlumberger at 11809 W. CR 125, Odessa; DNOW L.P. at 5301 W. Murphy St., Odessa; American Cementing, LLC (described as owned by Argonaut Private Equity) at 6165 W. Murphy St., Odessa; and Odessa American Refabrication LLC / Odessa AIM Holdings (described as a BP Energy Partners portfolio company) at 11716 Highway 191, Midland.[3] Each building is leased to its tenant on a triple-net basis, and the same materials state the DNOW lease covers roughly 23% of portfolio square footage and expires February 28, 2028 — the nearest rollover point.[3] Other expiration dates, renewal options and rent escalations are set out in the private placement memorandum.

ERP announced on September 15, 2026 that the Trust was fully subscribed, having raised $36.15 million in equity; SQX Alts and AltsWire both carried the announcement that day.[4] The SEC record has not caught up: the Form D filed January 27, 2026 remains the only filing and stated that the first sale had yet to occur.[1] A sponsor-affiliated offering page last updated July 13, 2026 still listed the offering as under review with equity shown as available.[3] Investors should confirm current availability with the sponsor or their own representative.

Sponsor materials report that the Trust acquired the four properties on December 15, 2025 for an aggregate $44,000,000 from ERP Funds III, LLC, an affiliate of the sponsor.[3] Because the seller was a sponsor affiliate, this is a related-party transaction: how the price was set, what appraisals supported it and what fees the sponsor takes are disclosed in the private placement memorandum rather than in the SEC filing.

It is leveraged. Sponsor materials report a $13,000,000 loan from GECU Federal Credit Union within a maximum capitalization of $49,150,000, and state leverage as approximately 29.5% of the purchase price, 25.2% of the $51,640,000 average appraised value, and 26.4% of the maximum offering amount.[3] Because debt sits on the properties, an exchanger who needs to replace mortgage debt from a sold property can do so through this structure, with the lender standing ahead of investors in repayment. The loan's interest rate, term and amortization are disclosed in the private placement memorandum.

PR Newswire distributed a law-firm notice on August 27, 2026 reminding investors of a securities class action against DNOW Inc., the publicly traded company associated with the DNOW tenant at 5301 W. Murphy St., Odessa. Those claims concern DNOW's own securities disclosures, not this property or its lease. No default, lease amendment or vacancy at that building appears in the record reviewed, though tenant credit and the February 28, 2028 lease expiration are among the things a buyer would weigh.[3]