Hamilton Point Investments Fully Subscribes $28.8M HPI Farmhouse DST
Hamilton Point Investments LLC, or HPI, has fully subscribed HPI Farmhouse DST, a Delaware statutory trust offering located near Greenville, S.C. The firm raised approximately $28.8 million in equity from accredited investors through broker-dealers and registered investment advisers.
According to HPI, the offering seeks to provide investors with predictable monthly cash flow and the potential for capital appreciation.
Previously reported by AltsWire, the offering launched in January 2026 and expects to have a loan-to-value of approximately 45%. The company anticipates that the DST will have a first-year cash flow of 4.35% that increases year over year.
HPI Farmhouse is the 10th DST offering from HPI since 2012, all of which were fully subscribed, according to the company. HPI said seven DSTs have gone full-cycle within five years with a weighted average internal rate of return of 14% net to investors. The company expects to offer additional DSTs selectively in 2026, in addition to its flagship apartment funds.
“Farmhouse is a particularly attractive asset for DST investors as it is one of the newest apartment communities available in the fast growing Greenville/Easley submarket,” said Josh Grenier, president of Hamilton Point Investments.
The apartment community is located in Easley, S.C., just outside of Greenville. Built in 2023, the property consists of 224 one-, two-, and three-bedroom units that are currently 95% occupied.
Amenities include a saltwater swimming pool, outdoor kitchen and dining area, fire pit, business center, clubhouse, courtyard, dog park and dog wash, storage units and garages, exterior lighting, fitness center, and a game room.
In February, HPI announced the full-cycle sale of Forty649 North Hills from HPI Real Estate Fund VIII. The El Paso, Texas, apartment complex was acquired in April 2021 for $43 million and sold in February 2026 for $51 million, an increase of nearly 20%. HPI said the sale allowed for $20 million to be returned to fund investors in a special distribution.
Since inception in 2009, Connecticut-based HPI has acquired more than 35,000 apartment units for approximately $4 billion. The firm has taken 14 investment programs full cycle – seven funds with original equity of $590 million, and seven DSTs – all within a three- to five-year hold period.
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