Wheaton Multifamily DST is an Inland Private Capital-sponsored DST owning Wheaton 121 Apartments, a Class A multifamily community in Wheaton, Illinois.
This is a private Delaware Statutory Trust security. Potential liquidity before a sponsor-led exit depends on the specific trust documents, property performance, financing, distributions, transfer restrictions, purchaser qualifications, remaining holding period, and current buyer demand.
Inland Private Capital Corporation
Delaware Statutory Trust / Multifamily
More Than $120 Million Raised
Wheaton 121 / Wheaton, IL
Fully Subscribed / Closed
Limited Private Secondary Market Liquidity
Inland announced on February 24, 2026 that the offering had raised more than $120 million, was fully subscribed, and was closed.
Wheaton 121 is a seven-story, 306-unit apartment community at 121 North Cross Street in Wheaton, approximately 25 miles west of downtown Chicago. The unit mix includes studios and one-, two- and three-bedroom apartments.
Potential buyers may review occupancy, rents, operating expenses, property condition, capital requirements, financing, and local market conditions when evaluating a private transaction.
Alternative Investment Liquidity evaluates certain Wheaton Multifamily DST interests for potential direct private purchase or other secondary-market liquidity.
Potential Direct Private Purchase
Baron De Biltmore LLC
AIL Reviews Eligible Positions
Determined By Position Review
Property, Debt, Income, Exit Timing & Transferability
Subject To Documentation Review
Any potential purchase indication is separate from original investment amount, tax basis, account statement value, sponsor-reported value, or projected future proceeds.
Potentially. A transfer depends on the governing trust documents and applicable sponsor, trustee, lender, purchaser-qualification, ownership, and assignment requirements.
Legal transferability does not mean that a ready purchaser or continuous secondary market exists.
Many Inland DST interests are acquired as replacement property in Section 1031 exchanges. A later private sale or transfer may have tax consequences that differ from the original transaction.
Alternative Investment Liquidity does not provide tax, legal, investment, accounting, or valuation advice.
Private secondary-market transactions may provide potential liquidity for investors who do not want to wait for a sponsor-led property sale or other program exit.
The DST secondary market does not operate like a national securities exchange and there is no guarantee a purchaser will be available.
Learn more about the DST secondary market.
Occupancy, rents, demand, operating expenses, property condition and local real estate conditions may influence buyer expectations.
Current loan balance, rate, maturity and transfer restrictions should be confirmed from the private placement memorandum and current sponsor reporting.
Current income, remaining hold period, expected disposition timing and capital needs may affect private-market pricing.
Sponsor procedures, purchaser qualifications, documentation, position size and current demand may affect marketability.
AIL reviews Wheaton Multifamily DST positions for potential liquidity, transferability, buyer interest and direct-purchase opportunities.
Research is based primarily on Inland's February 24, 2026 announcement and related SEC Form D filings.
Program terms and operating information may change. Investors should review current governing documents and sponsor communications before relying on any program-specific information.
Secondary market interest depends on more than asset type. AIL evaluates each position based on investment structure, transferability, documentation, and current market conditions.
Ownership type, sponsor requirements, investment terms, and underlying asset characteristics all influence review.
Some positions may be subject to transfer restrictions, approval requirements, or limitations within governing documents.
Offering materials, account records, ownership documents, and sponsor information help determine whether review can proceed.
Potential liquidity depends on current buyer interest, asset category, pricing expectations, and transaction feasibility.
Every opportunity is reviewed individually. Our process is designed to provide clarity regarding transferability, marketability, and potential liquidity pathways before any transaction decisions are made.
Provide basic details regarding the investment position, ownership structure, and available documentation.
AIL evaluates the investment type, transfer restrictions, sponsor requirements, and available transfer pathways.
We determine whether a secondary market opportunity may exist based on current investor demand and transaction activity.
If a viable pathway exists, we discuss potential next steps, timing considerations, and transaction requirements.
Submit basic information for a confidential review. Opportunities are evaluated individually based on investment structure, available documentation, transferability, and potential market interest.
REQUEST CONFIDENTIAL REVIEW