HPI Deer Creek DST

Other real estate
Rule 506(c)
Old Lyme, Connecticut
Amended Oct 27, 2026

Raising: $27,929,065
Sold so far: $19,842,137; 71% sold
Investors: 58
Average check: $342,106; Sold ÷ investors
Minimum: $200,000
Sales commissions: $1,955,035; Issuer's estimate

In plain English

HPI Deer Creek DST, a real estate business based in Old Lyme, Connecticut, filed an amended Form D with the SEC on Oct 27, 2026 to raise about $27.9 million. It reports about $19.8 million raised from 58 investors, 71% of its target. That works out to roughly $342,000 per investor. The smallest investment it accepts from an outside investor is $200,000.

It filed under Rule 506(c), which means it can advertise the offering publicly, but only accredited investors can buy in, and the issuer has to check that they qualify.

How it compares

Against the 594 real estate offerings filed Oct 6 – Nov 4, 2026.

This offeringMedian

Raise size$27.9M vs $7.7M median

Larger than 75% of the 460 offerings that set a size.

How much is sold71% sold vs 50% median

Further along than 57% of the 460 offerings with a set size.

Minimum investment$200,000 vs $50,000 median

Higher than 80% of the 427 offerings that stated a minimum.

Where the sponsor is based

The Connecticut housing market

Typical home value $447KChange, 12 months 5.0%

Form D lists the issuer's principal place of business, not where its properties are. Home values for Sep 2026.

See Connecticut market data

Filing details

File number: 021-599967
Latest filing: Form D/A (amendment), Oct 27, 2026
Accession number: 0002150923-26-000003
Entity type: Delaware Statutory Trust
Industry group: Other Real Estate
Principal place of business: Old Lyme, Connecticut
Exemption claimed: Rule 506(c)
First sale: Sep 15, 2026

Timeline

First sale
Sep 15, 2026
Latest amendment (Form D/A) filed
Oct 27, 2026
$19.8M sold (71% of the target)
As reported Oct 27, 2026

Other recent filings from Connecticut

All fund filings

HMC 65 Furniture Row Investors LLCNew Milford · Commercial · 506(b) · Oct 8$985K

This page summarizes a notice HPI Deer Creek DST filed with the SEC. Fidelis First is not affiliated with HPI Deer Creek DST, has not reviewed this offering and does not recommend it. Nothing here is an offer to sell or a solicitation of an offer to buy any security. Figures are as the issuer reported them on Oct 27, 2026 and may have changed since.

Sales commissions are the issuer's estimate for the whole offering, not amounts paid so far. Average check is derived: amount sold divided by number of investors. Issuers don't have to amend a Form D when sales or investor counts change, so these can lag.

Source: SEC EDGAR, Form D · As of Oct 27, 2026

Source: Data Provided by Zillow Group · As of Sep 2026