Austell 1031 DST
Other property in Austell, GA — sponsored by Inland Private Capital
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Austell 1031 DST is a Delaware Statutory Trust — the fractional co-ownership vehicle used to hold replacement property in a 1031 exchange — sponsored by Inland Private Capital. It raised through Form D filings in 2009 and has been closed to new investors since. The initial filing set the offering at $8,100,800 with a $100,000 minimum.1 The filings never name a property, tenant, or lender.
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These links support the historical public record; individual details may come from different sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
The Trust's public filing record names no property, asset type, or location.1 A candidate match — the former BJ's Wholesale Club at 2435 East-West Connector in Austell, Georgia — remains unresolved, because no deed, private placement memorandum, or sponsor release ties this Trust to that address.2 CoStar has reported that Inland Real Estate Exchange Corporation bought that Austell BJ's from H&R REIT, without naming this Trust.3
- Reported location
- Austell, GA
Who is the tenant, and what's the lease?
No tenant, operator, lease structure, or occupancy figure appears in the Trust's public filings.2 For a single-asset DST, that is the whole income story: who pays rent, under what lease, and for how long can only be reconstructed from the offering documents.
How did it end?
Sold after 9.8 years; sponsor reported 1.21x
Cobb County purchased the former BJ's property at 2435 East-West Connector in Austell for $10,750,000, per the Atlanta Journal-Constitution (March 28, 2019), matching the Austell 1031 DST's only asset.
Form D filings by Austell 1031 DST between April 15, 2009 and October 8, 2009. Sponsor listed as Inland Real Estate (Inland Private Capital/Inland Real Estate Exchange Corp.) at 2901 Butterfield Road, Oak Brook, IL 60523. No dated third-party news coverage, property address, asset type or unit count identified for this specific trust in publicly available sources.
How is it financed, and what does it pay?
The filings do not say whether the Trust carries mortgage debt, so it can be described as neither leveraged nor all-cash.2 The distinction matters in an exchange, because an investor who carried a mortgage on the relinquished property generally needs matching debt on the replacement.
Who's behind it?
The Trust filed from 2901 Butterfield Road in Oak Brook, Illinois, and its 2009 Form D names Inland Real Estate Exchange Corporation, Austell 1031, L.L.C., and Austell Exchange, L.L.C. as related persons or promoters.1 The sponsor label carried on this record is Inland Private Capital; continuity between that name and the Inland Real Estate Exchange Corporation entity on the filing is not established in the retrieved public record.2 Inland remains an active DST sponsor today.
- Sponsor
- Inland Private Capital
- Legal Trust name
- Austell 1031 DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 8 active / 79 total offerings from Inland Private Capital
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The initial Form D reported a first sale on March 30, 2009, and each later amendment did one thing: restate how much had been sold and to how many investors.1 The offering was made under Rule 506(b), the private-placement exemption that bars general advertising and in practice limits buyers to accredited investors.
- First Form D filedThe public offering record begins.
- Offering amount recordedA Form D amendment recorded offering and sales totals.
- Filing record updatedA later amendment updated the sponsor’s filing record.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Filings on record
- 8
- How it may be offered
- Rule 506(b)Not advertised publicly. Offered through existing relationships.
- Source filing
- Read the filings on SEC EDGAR
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current Private Placement Memorandum before investing.
Common questions
What happened to Austell 1031 DST?
Top1031 lists Austell 1031 DST as historical. It is no longer raising money.
Where does Top1031 get the data for Austell 1031 DST?
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.
Can I still invest in Austell 1031 DST?
No. The Form D record for this Trust ends with an amendment filed October 8, 2009, and nothing has been added since. It is a historical offering — closed to new investors — and appears here as a public record, not an available deal.
What property does this Trust own?
The SEC filings do not say. They identify no address, asset type, square footage, or unit count. A candidate match to a former BJ's Wholesale Club building at 2435 East-West Connector in Austell, Georgia, has been raised but is unresolved: no deed, offering document, or sponsor release retrieved ties this Trust to that address.
Is there any record of the property being sold?
There is no trust-level sale record in the public filings. Separately, the Atlanta Journal-Constitution reported that Cobb County approved a $10,750,000 purchase of the former BJ's property at 2435 East-West Connector in Austell on October 9, 2018 — a 115,369-square-foot building on nearly 20 acres. That article does not mention Austell 1031 DST.
What is a Delaware Statutory Trust, and why does it appear in 1031 exchanges?
A DST holds real estate and issues beneficial interests to investors. IRS guidance treats those interests as direct property ownership for exchange purposes, so an investor selling property can buy into a DST as replacement property within the 45-day identification and 180-day closing windows. Interests are sold only to accredited investors under a private placement memorandum.
Does this Trust have a 721/UPREIT exit?
The record shows no provision to convert into a REIT. A 721 or UPREIT exit is where a DST's property is contributed to a real estate investment trust's operating partnership in exchange for partnership units, turning a property interest into a REIT position. Nothing in these filings describes that path.