Form D · Other Real Estate

Union Multifamily DST

Oak Brook, IL · CIK 0002057288

Offering snapshot reported Mar 20, 2026 · SEC filing

Reported sold
$83.7M
Offering amount: $83.7M
Investors reported
180
Form D · investor count
Minimum accepted
$25K
Reported outside-investor minimum
First sale
Mar 7, 2025
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$41.8M$83.7MOct 3, 2025: $60,130,615.00Oct 3, 2025Oct 31, 2025: $73,600,085.00Nov 14, 2025: $76,887,068.00Nov 14, 2025Jan 14, 2026: $83,572,415.00Jan 14, 2026Mar 20, 2026: $83,672,415.00Mar 20, 2026

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

  • Reported sold$83,572,415 → $83,672,415
  • Reported investors179 → 180

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Mar 20, 2026Amendment$83,672,415$100,000vs Jan 14, 2026180SEC filing
Jan 14, 2026Amendment$83,572,415$6,685,347vs Nov 14, 2025179SEC filing
Nov 14, 2025Amendment$76,887,068$3,286,983vs Oct 31, 2025161SEC filing
Oct 31, 2025Amendment$73,600,085$13,469,470vs Oct 3, 2025143SEC filing
Oct 3, 2025Amendment$60,130,615No comparison121SEC filing
Aug 29, 2025Amendment$50,459,458No comparison91SEC filing
Aug 19, 2025Amendment$41,633,494No comparison80SEC filing
Jul 30, 2025Amendment$28,851,801$6,010,450vs Jul 16, 202562SEC filing
Jul 16, 2025Amendment$22,841,351$3,742,167vs Jul 2, 202548SEC filing
Jul 2, 2025Amendment$19,099,184$3,057,482vs Jun 18, 202536SEC filing
Jun 18, 2025Amendment$16,041,702$3,335,382vs Jun 4, 202527SEC filing
Jun 4, 2025Amendment$12,706,320$5,893,381vs May 1, 202521SEC filing
May 1, 2025Amendment$6,812,939$4,403,924vs Apr 18, 202514SEC filing
Apr 18, 2025Amendment$2,409,015$1,282,069vs Apr 2, 20258SEC filing
Apr 2, 2025Amendment$1,126,946$1,093,532vs Mar 21, 20254SEC filing
Mar 21, 2025Initial$33,414No comparison1SEC filing

Offering details

Securities
Equity, Pooled investment fund
Exemptions
06b, 3C, 3C.5
Duration over one year
No
Business combination
No
Sales commissions
$6.61M (estimated)
Finders' fees
$0 (estimated)
Form D file number
021-541782
Regarding Item 11, the Issuer may accept smaller investments in the Sponsor's sole discretion.
Sales Commissions include estimates of the maximum amount of Selling Commissions, Dealer Fees and Placement Agent Fees that may be paid.

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
DFPG Investments, LLC155576
McDermott Investment Services, LLC154926
DAI Securities, LLC36673
Avanatax Investment Services, Inc.13686
RCX Capital Group, LLC114290
Herald & Lantern Investments, Inc.30996
Stonecrest Capital Markets, Inc.39616
Investment Planners, Inc.18557
Park Avenue Securities LLC46173
Realized Financial, Inc.22333
Concorde Investment Services, LLC151604
Osaic Wealth, Inc.23131
LPL Financial LLC6413
M.S. Howells & Co.104100
Cadaret, Grant & Co., Inc.10641
FNEX Capital, LLC166316
Cambridge Investment Research, Inc.39543
APW Capital, Inc.43814
Stifel, Nicolaus & Company, Incorporated793
Kestra Investment Services, LLC42046
Cetera Wealth Services, LLC13572
Osaic Institutions, Inc.35371
Stifel Independent Advisors, LLC28218
Emerson Equity LLC130032

Source: Form D, filed Mar 20, 2026. Minimum accepted may differ from a standard advertised minimum.

Fund connections

No confirmed ADV fund connection is available for this issuer.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
NameReported role
Matthew Fries Executive
N/A Inland Private Capital Corporation Executive
Keith D. Lampi Executive
Ella S. Neyland Executive
N/A Union Multifamily Exchange, L.L.C. Executive
N/A Union Urban Renewal Exchange, L.L.C. Executive

Issuer details

Industry: Other Real Estate (See others in industry)

Address:
C/O Inland Private Capital Corporation 2901 Butterfield Road
Oak Brook, IL, 60523