ERP Fully Subscribes Second Industrial DST Offering Focused on Permian Basin
ERP Industrials, a real estate investment firm focused on net-lease industrial facilities serving the Permian Basin energy industry, has announced the full subscription of its second Delaware statutory trust offering: ERP 1031 Industrial Portfolio II DST. The offering, launched in November 2024, raised nearly $49.9 million in equity from accredited investors and was used to acquire a curated portfolio of 29 net-lease industrial properties that, collectively, span 396,145 square feet across more than 137 acres.
“We believe that that these facilities play a vital role in supporting the wide spectrum of companies involved in domestic energy production and offer investors the opportunity to gain ‘hard asset’ exposure, through passive real estate ownership, to one of the largest producing oil fields in the world, the Permian Basin,” said William A. Meyer II, founder and president of ERP.
The portfolio is located in Texas in the cities of Midland and Odessa, along key transportation and logistics corridors including Interstate 20, Highway 191, FM 1788, Highway 158, and Business 20.
With production levels exceeding 6.5 million barrels of oil per day, the Permian Basin remains one of the most prolific oil-producing regions in the world. According to the U.S. Bureau of Economic Analysis, Midland leads the nation in per capita income growth since COVID-19, further underscoring the area’s economic strength. According to the ERP, its portfolio is intentionally constructed to serve the energy sector’s operational and logistical footprint in this high-growth environment.
ERP’s first DST investment vehicle, ERP 1031 Industrial Portfolio DST, launched in 2022 and raised $44.2 million in equity that was then invested in a $62.2 million portfolio of 28 single-tenant properties.
“We are deeply grateful to our investors and remain focused on delivering income and long-term value through disciplined acquisitions and local operational expertise,” added Meyer.
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