Inland Long Island Residential DST

Matthew Fries and three co-GPs with no prior EDGAR history suggest this is either a first-time institutional fund or a continuation vehicle rebranded under new management, and the 06b exemption (pre-existing relationships only) indicates the raise is limited to known LPs and insider networks rather than a broader market solicitation.

Filing in May 2026 during a secondary DST market recovery and renewed institutional appetite for 1031 exchange vehicles into residential real estate signals the manager is capitalizing on renewed demand for qualified opportunity structures, though the 17% close rate at this stage suggests either a slower fundraise or a restrictive target list.

Verify the amendment language against the prior 2025 or early 2026 initial filing (which may not be indexed yet on EDGAR) to confirm whether terms, fee structures, or GP commitment levels have shifted, and confirm whether Matthew Fries or any co-GP has DST or real estate operating history outside of this entity.