Building Profits With Private REITs

ERP 1031 Industrial Portfolio III DST
400 West Illinois Avenue suite 1630, Midland, TX 79701, USA

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Offering Summary
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Team
Executive Summary
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ERP Industrials · Midland, TX

AREA OVERVIEW

THE PERMIAN BASIN

IF THE PERMIAN BASIN WERE ITS OWN COUNTRY IT WOULD CURRENTLY BE THE THIRD LARGEST PRODUCER GLOBALLY.¹

The Permian Basin is a major operations hub for U.S. Oil & Gas Supermajors including:

ExxonMobil, BP, Chevron Corporation, ConocoPhillips, EOG, Diamondback Energy and Occidental Petroleum Corporation.

The Permian also serves a plethora of oil & gas related industries including trucking, mining, construction, perforation, manufacturing, metallurgical manufacturing and maintenance, as well as numerous piping and piping related sub-industries.

TOP 2025 WORLD OIL PRODUCERS (BBLS/DAY)

Saudi Arabia 9.0 Million Barrels

Russia 8.9 Million Barrels

Permian Basin 6.5 Million Barrels

SOURCE: 1) OPEC Monthly Oil Market Report – May 2025; U.S. Energy Information Administration | Short-Term Energy Outlook - May 2025.

FOR ACCREDITED INVESTOR OR FINANCIAL PROFESSIONAL USE ONLY

PERMIAN REGION OIL PRODUCTION

The Permian Basin

produces 6.5 million barrels per day of oil, and 27.2 million cubic feet per day of gas.¹

In terms of daily production, it is the second largest gas producing region in the United States and the largest oil field in the world.

The region stretches from Western Texas into Southeastern New Mexico and is 250 miles wide and 300 miles long and includes the highly-prolific Delaware Basin and Midland Basin.

6.5M

barrels per day of oil

27.2M

cubic feet per day of gas

SOURCE: 1) EIA – Short Term Energy Outlook (July 2025).

ERP believes that the offering presents an opportunity to capture a strategic real estate position in the largest producing oil field in the world, the Permian Basin.

MIDLAND AND ODESSA, TEXAS HIGHLIGHTS

Diverse Yet Well Defined Focus On Industry

The cities’ history and local economy are closely tied to the Permian Basin and the oil and gas industry, but have expanded significantly to include both large public and private businesses, and family owned businesses in diverse sectors such as the aerospace, aviation, professional and business services, traditional and alternative energy, and warehouse and distribution sectors.

Located along Interstate 20— the La Entrada al Pacifico Trade Corridor—and the Ports to Plains corridor connecting Mexico and Canada, Midland and Odessa are the logistics, distribution and warehousing hubs for West Texas.

Midland International Air and Space Port along with its Foreign Trade Zone 165 and service by Union Pacific Railroad—provides additional resources for logistics, distribution and warehousing.

HIGHEST PERSONAL INCOME IN U.S.

MIDLAND RANKED FASTEST-GROWING ECONOMY AMONG THE 100 LARGEST MIDSIZE CITIES IN THE COUNTRY

SOURCE: https://www.midlandtexas.gov/1120/Midland-Fast-Facts

FOR ACCREDITED INVESTOR OR FINANCIAL PROFESSIONAL USE ONLY

MIDLAND INTERNATIONAL

Air & Space Port

The Portfolio’s strategic location places it within the vicinity of the Midland International Air & Space Port (MAF), which is located halfway between Midland and Odessa. The airport is the eighth-ranked primary commercial service airport in Texas. MAF serves 43 counties in Western Texas and Eastern New Mexico.

Owned and operated by the City of Midland, MAF has more than 20 daily departures with non-stop service to eight major airports including Austin (AUS), Dallas Fort Worth (DFW), Dallas Love Field (DAL), Houston Intercontinental (IAH), Houston Hobby (HOU), Las Vegas (LAS), Phoenix (PHX) and Denver (DEN).

Currently, the airport is served by Southwest, American, United, and Delta.

Source: The Midland International Air & Space Port.. https://www.flymaf.com/27/About-MAF.

Prominent Companies In The Region

Baker Hughes ChampionX ExxonMobil ConocoPhillips Don-Nan Enterprise Products Partners L.P. SM Energy Diamondback Energy Fasken Oil and Ranch Kinder Morgan Chevron Schlumberger Permian Resources Marmon OXY Trafigura Halliburton

FOR ACCREDITED INVESTOR OR FINANCIAL PROFESSIONAL USE ONLY

ERP industrials

ERP Industrials · Midland, TX

PROPERTY OVERVIEW

Past performance is not indicative of future results. There can be no assurance that these investments will achieve any targets or that there will be any return of capital. Historical and present occupancy rates provide no indication of future occupancy rates. Current performance may be higher or lower than the performance data shown.

Tier 1 Strategic Transportation and Commercial Corridors

ERP is an important industrial owner and operator in the Permian Basin of Texas. ERP only selects properties that it believes are in Tier 1 locations. ERP attributes much of its success in the industrial real estate sector to the performance of these 4 properties. These properties represent a core multi-tenant industrial position in the Permian Basin for ERP. These buildings are located along important frontage and other key roads, within close-proximity to the strategic economic zones of the Permian Basin, specifically Midland, TX and Odessa, TX and two key transportation arteries of the Permian Basin: Highway 191 and FM 1788.

100%

Occupancy

*As of July 1, 2025

PROPERTY SUMMARY

4 PROPERTIES | 294,000 SF | 121 UNITS

	ADDRESS	YEAR BUILT	UNITS	SQFT	ACRES
1	1110 South FM 1788, Midland, TX 79706	2008 -2013	91	189,600	15
2	10716 Hwy 191, Midland, TX 79707	2009	12	39,600	3.09
3	10800 Hwy 19, Midland, TX 79707	2019	12	43,200	3.86
4	10810 Hwy 191, Midland, TX 79707	2019	6	21,600	1.61
	Total		121	294,000	23.56

FOR ACCREDITED INVESTOR OR FINANCIAL PROFESSIONAL USE ONLY

ERP industrials

ERP Industrials · Midland, TX

SELECT CASE STUDIES

NOTE: The Sponsor selected these case studies to provide examples of different property types, lease terms, rental rates, and lease structures.

Data as of July 1, 2025.

Select Case Studies

1110 South FM 1788 Midland, TX 79706

(ERP 1788)

Years Built:2008 – 2013

Square Feet:189,600 SQFT

Occupancy:100%

Units:91

Acres:15

Lease Structure:Modified Gross

Landlord Responsibilities:

The Landlord is responsible for paying all expenses related to the Property, except utilities, as the units are individually metered.

Lease Terms:From month-to-month to five years

Annual Rent ($PSF):$11.63

ERP 1788 is a 100% warehouse-only property that lies at an important cross section of the Permian Basin’s transportation corridors – all directions, north, south, east and west, are easily accessible from the facility, including the Midland International Airport, which is in close proximity. The Sponsor believes that this particular multi-tenant industrial property is a “flagship” multi-tenant industrial asset in the Permian Basin.

15.000

ACRES

29%

BUILDING-TO-LAND RATIO

FM 1788

1110 South FM 1788, Midland, TX 79706

189,600 SF | 91 Units

Building One Building Two Building Three Building Four Building Five

148.5 ft

of space between buildings

96.6 ft

We also offer Yard Space for rental measuring an impressive 192,112 square ft (301.4 ft x 637.4 ft)

Our specially designed buildings’ dividing walls can be easily removed to seamlessly combine units within a matter of hours.

Select Case Studies

10716, 10800, 10810 Hwy 191 Midland, TX 79707

(ERP 191)

Years Built:2009 – 2019

Square Feet:104,400

Occupancy:100%

Units:30

Acres:8.56

Lease Structure:Net lease

Landlord Responsibilities:

The tenants are generally responsible for expenses associated with insurance, property taxes, and the general maintenance of their leased premises. The Landlord is responsible for all other expenses.

Lease Terms:From month-to-month to five years

Annual Rent ($PSF):$15.10

ERP 191 is located within ERP’s industrial “strike zone” along Highway 191, one of the most important east-west transportation and high traffic-count corridors connecting Midland and Odessa. These multi-tenant industrial properties are located along the HWY 191 / FM 1788 exit, one of the most important intersections in the Permian Basin.

ERP 191’s small and flexible unit sizes include an office component, small warehouse and outdoor storage options. The units are constructed within a modular framework, which allows them to connect internally to accommodate a tenant’s future growth requirements.

Multi-Tenant Flex Industrial Warehouse — Property At-A-Glance

10716 HIGHWAY 191 - MULTI-TENANT BUILDING

ADDRESS10716 Highway 191, Midland, TX

YEAR BUILT2009

SQUARE FEET34,300

ACRES3.090

WAREHOUSE (%)62%

OFFICE (%)38%

LEASE STRUCTURENN

LANDLORD RESPONSIBILITIES

Roof & Foundation - Reimbursed by Tenant

TX-191 Frontage · 3.090 ACRES · 25% BUILDING-TO-LAND RATIO

10800 HIGHWAY 191 - MULTI-TENANT BUILDING

ADDRESS10800 Highway 191, Midland, TX

YEAR BUILT2019

SQUARE FEET43,200

ACRES3.855

WAREHOUSE (%)72%

OFFICE (%)28%

LEASE STRUCTURENN

LANDLORD RESPONSIBILITIES

Roof & Foundation - Reimbursed by Tenant

TX-191 Frontage · 3.855 ACRES · 26% BUILDING-TO-LAND RATIO

10810 HIGHWAY 191 - MULTI-TENANT BUILDING

ADDRESS10810 Highway 191, Midland, TX

YEAR BUILT2003

SQUARE FEET21,600

ACRES1.61

WAREHOUSE (%)72%

OFFICE (%)28%

LEASE STRUCTURENN

LANDLORD RESPONSIBILITIES

Roof & Foundation - Reimbursed by Tenant

TX-191 Frontage · 1.61 ACRES · 31% BUILDING-TO-LAND RATIO

HWY 191

Highway 191, Midland, TX 79706

104,400 SF | 30 Units

10810 Highway 191 10800 Highway 191 10716 Highway 191

Multi-Tenant Yard Space Multi-Tenant Yard Space Multi-Tenant Yard Space Parking HYW 191 N. Service Road

Our specially designed buildings’ dividing walls can be easily removed to seamlessly combine units.

FOR ACCREDITED INVESTOR OR FINANCIAL PROFESSIONAL USE ONLY

ERP industrials

ERP Industrials · Midland, TX

OFFERING AT-A-GLANCE

1110 South FM 1788
Midland, TX 79706

FM 1788

189,600 SF (91 units)

• Entrance on 1788 with 24-hours access.

• Exterior LED lights throughout the property.

• 14’x16’ overhead doors available in every unit.

• Building spacing allows for 18 Wheeler access to all units.

• Flexible lease terms available, including month-to-month options.

10716 Hwy 191, Midland, TX 79707
10800 Hwy 191, Midland, TX 79707
10810 Hwy 191, Midland, TX 79707

HWY 191

104,400 SF (30 units)

• Lighted signage opportunities for all tenants (up to 5’x10’) facing Highway 191.

• Mezzanine storage space can be converted into additional office space.

• Flexible lease terms available including month-to-month options.

• Direct access to Highway 191 frontage road and FM 1788.

Need a bigger space?

Our specially designed buildings’ dividing walls can be easily removed to seamlessly combine units within a matter of hours.

VISIBLE & ACCESSIBLE

Strategically positioned between Midland and Odessa, near the Hwy 191 and FM 1788 intersection, ERP Industrials offers four multi-tenant industrial properties, across two distinct sites, designed for companies seeking maximum flexibility. These flexible spaces provide the adaptability tenants may need to grow, streamline operations, and thrive in one of the nation’s most dynamic energy hubs.

Property Map

1 HWY 191

2 FM 1788

1) The Sponsor believes that the Properties capture strategic, premier locations that grant companies access to maximum economic activity along important transportation and commercial corridors of the Permian Basin, or what ERP terms “Tier 1” locations.

FOR ACCREDITED INVESTOR OR FINANCIAL PROFESSIONAL USE ONLY

Properties Focused on Tier 1 Locations¹

71% land to warehouse ratio

71%

29%

MAXIMUM
FLEXIBILITY

FUNCTIONAL
& VERSATILE

FM 1788

One unit three functions.

• Modular industrial warehouse space that expands and contracts.

• From 1,500 to almost 200,000 square feet available.

• Additional outdoor storage.

• Flexible lease terms available including month-to-month options.

HWY 191

Flex your brand in the Basin and grow your business.

• All units offer separately metered electricity, bathrooms, kitchens, skylights, industrial-strength lighting and bay doors.

• Lighted signage opportunities for all tenants (up to 5’x10’) facing Highway 191.

• Mezzanine storage space can be converted into additional office space.

• Flexible lease terms available including month-to-month options.

• Direct access to Highway 191 frontage road and FM 1788.

• Additional outdoor storage.

ERP industrials

Investment Type: Real Estate
Offering Type: Reg D 506c
Funding Goal: $29,650,000
Initial Amount Raised: $29,650,000
Minimum Investment Amount: $50,000

CAPITAL STACK

Total

No Video available

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ERP 1031 Industrial Portfolio III DST	ERP 1031 Industrial Portfolio Subscription	View

ERP Industrials · Midland, TX

EXECUTIVE SUMMARY

ERP Industrials, founded and headquartered in Midland, TX, is a real estate investment firm that focuses primarily on acquiring cash flowing net-lease industrial properties, specializing in niche markets, which it believes will experience dramatic economic growth over long periods of time, offer ERP a first-mover advantage and possess unique pricing advantages relative to other markets that are difficult to replicate. The principals of ERP are credited with identifying the energy-prolific Permian Basin as an important real estate investment thesis in 2007 and believe that the firm has grown to become one of the largest and most dedicated industrial real estate investment companies in the Permian Basin.

The Sponsor believes that these 4 properties represent an important, core multi-tenant industrial position in the Permian Basin and may perform strongly in the current market environment due to their superior locations, attractive going-in base rents, and high land-to-building ratios. As of July 1, 2025 occupancy at the Properties was 100%.

INVESTMENT SUMMARY

Total Capitalization

$41,650,000

Appraised Value¹

$43,700,000

Purchase Price

$37,145,000

Equity Raise

$29,650,000

Original Loan Amount²

$ 12,000,000

LTV²

28.8%

Current Cash Flow to Investor³

5.40%

Equity from Debt Amortization⁴

1.16%

15%

Discount to Appraised Value

NOTES:

1) The Appraised Value represents the average of two appraisal reports completed in May of 2025.

2) LTV calculated using the Total Capitalization amount of $41,650,000. As of July 1, 2025.

3) One of the Sponsor’s principal investment objectives is to make scheduled distributions to the investors from net operating cash flow from rent collected under the Master Lease, after certain expenses, of 5.4% per annum, of investor’s equity. Accordingly, a portion of the cash distributed may constitute a return of each investor’s capital investment. Any such distribution will not constitute profit or earnings, but merely a return of the investor’s own capital. There is no guarantee that the Sponsor will meet its objectives.

4) The Master Tenant, on behalf of the Trust, pays monthly principal and interest on the loan. Principal payments made by the Master Tenant towards the loan balance increase investor equity in the Properties by, approximately, 1.16% per year during the first five years.

Property Multi-Tenant Industrial Portfolio (Midland, TX)

Portfolio Occupancy

100% (AS OF JULY 1, 2025)

Number of Properties

Number of Units

121

Property Type

MULTI-TENANT INDUSTRIAL

Lease Structure¹

MODIFIED GROSS & NET LEASE

Square Footage

294,000

Land

23.56 ACRES

1) The Tenant Leases at FM 1788 (1110 South FM 1788 Midland, TX 79706), are modified gross leases, whereby Landlord is responsible for paying all expenses related to the Property, except utilities, as the units are individually metered. The Tenant Leases at HWY 191 (10716 Highway 191, Midland, TX 79707; 10800 Highway 191, Midland, TX 79707; 10810 Highway 191, Midland, TX 79707) are net leases, whereby the tenants are generally responsible for expenses associated with insurance, property taxes, and the general maintenance of their leased premises and the Landlord is responsible for all other expenses.

THE OFFERING

As set forth in the Confidential Private Placement Memorandum, the interests are beneficial interests in a Delaware Statutory Trust (the “Trust”). The Interests in the Trust are being offered to prospective Investors for a Maximum Offering Amount of $41,650,000 or $416,500 per 1.00% Interest, with each 1.00% Interest being attributed an estimated $120,000 of debt. The minimum equity purchase by a prospective Investor is $50,000.

Location

The portfolio’s 4 industrial assets are located along frontage highway positions, or in very close proximity to, two key transportation arteries of the Permian Basin: Highway 191 and FM 1788.

Diversification

Owning 4 properties within a 121 unit multi-tenant industrial portfolio may help reduce the binary outcome risk typically associated with single tenant property ownership.

Acreage

In the energy industry, companies often need space to operate and store heavy machinery, equipment, pipe and other materials. Accordingly, the amount of excess land that accompanies an industrial property is a deciding factor for many companies operating in the Permian Basin. At 29% building / 71% land, ERP believes that the Portfolio offers some of the most compelling multi-tenant industrial land to building ratios in the Permian Basin, making it highly attractive relative to competing properties.

Management is Institutional

The properties are institutionally managed by an affiliate of ERP, a private equity real estate and management company headquartered in Midland, TX and focused on the Permian Basin.

Properties are Structured to Generate Cash Flow¹

Leases are generally structured as either (i) modified gross leases, whereby landlord is responsible for paying all expenses related to the Property, except utilities, as the units are individually metered; or (ii) net leases, whereby the tenants are generally responsible for expenses associated with insurance, property taxes, and the general maintenance of their leased premises and the landlord is responsible for all other expenses.

Amortizing, Non-Recourse Loan with a 15 Year Maturity and 6.25% Interest Rate

In conjunction with the Transaction Closing, the Trust has entered into a loan agreement in connection with obtaining a loan for an original principal amount of $12,000,000 for the acquisition of the Properties. The Loan has an initial interest rate of 6.25%, with fixed, five-year resets thereafter at the ten-year (10 year) Treasury Rate plus 2.25%. The loan offers a fifteen-year (15 year) term and twenty-year (20 year) amortization, with zero extension options. The loan is a non-recourse loan, with no prepayment penalty. The debt service coverage ratio on the loan is 1.50x.

1) Historical occupancy rates and cash flow provide no indication of future occupancy rates or guaranteed cash flow.

FOR ACCREDITED INVESTOR OR FINANCIAL PROFESSIONAL USE ONLY

ERP industrials

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ERP Industrials · Midland, TX

TEAM MANAGEMENT

William A. Meyer II

Partner · Founder & President

is a Partner in the Sponsor as well as the Founder and President of the ERP Group of Companies. He is also a partner in the Sponsor’s property manager affiliate. Prior to forming ERP, Mr. Meyer worked in the financial services industry in various capacities, including sales and trading in Paris, France with REFCO Securities and private equity and investment banking in New York and Hong Kong with Lehman Brothers and Greenhill & Co. Mr. Meyer received his BA in Economics, BA in French and The Certificate of Markets & Management from Duke University. Mr. Meyer received his MBA from The Wharton School at the University of Pennsylvania. The Wharton School honored Mr. Meyer by awarding him a full, merit-based scholarship and an opportunity to teach the principles of marketing to Wharton undergraduate students.

Meghan J. Berry

Partner

is a Partner in the Sponsor as well as a Partner in many of the companies that comprise the ERP Group of Companies. She is also a partner in the Sponsor’s property manager affiliate. Ms. Berry leads all asset management and portfolio management activities and oversees all aspects of sourcing, analyzing, and execution of new investment opportunities. Prior to joining the Sponsor, Ms. Berry formed and led Greenhill & Co.’s firm-wide private equity secondary advisory practice and managed private capital raising engagements. Ms. Berry also served as the Chief Operating Officer of the Private Capital Advisory group at Greenhill & Co. Notable transaction involvement included leading the execution of the sale of a $650 million portfolio among 90 parties for a large U.S. public pension client, a $120 million portfolio sale for a large corporate pension, as well as the acquisition by an insurance company of two significant bank-held private equity portfolios totaling $3.6 billion. Prior to joining Greenhill & Co., Ms. Berry spent three years in Cogent Partners’ private equity secondary market investment banking group, where she diligenced, valued and sold more than 250 private equity funds and 15 direct stakes in companies. Prior to joining Cogent Partners, Ms. Berry interned with the Directors of Private Markets and Real Estate at the NYC Office of the Comptroller in the Bureau of Asset Management. Ms. Berry received her BA in Political Science from the University of Chicago.

Brennan P. Berry

Chief Operating Officer & Head of Leasing

is the Chief Operating Officer and Head of Leasing for ERP. Mr. Berry oversees all aspects of leasing ERP’s portfolio, defining and communicating ERP’s brand in the market, as well as providing strategic guidance to the property management teams. Mr. Berry joined ERP following an eight-year tenure at Four Seasons Hotels and Resorts in various corporate sales and marketing roles, most recently as Account Director, Worldwide Sales, based in London. In his capacity as Account Director, Mr. Berry managed top producing global accounts for Four Seasons Hotels and Resorts throughout the United Kingdom and Scandinavia. Prior to his work in the UK, Mr. Berry was based in Dubai, United Arab Emirates, building the group’s account base in the Middle East and Africa. Before moving into the hospitality sector, Mr. Berry interned at the Brookings Institution’s Saban Center for Middle East Policy and RBC Wealth Management in Washington, D.C. Mr. Berry’s extensive travels have taken him to over 80 countries, including working and studying in Belgium, Japan, Saudi Arabia, Egypt, Lebanon, the United Arab Emirates and the United Kingdom. Mr. Berry received his BA in International Relations and History from The George Washington University.

CONTACT INFORMATION

For ERP related inquiries, please contact:

William A. Meyer II

President

ERP

400 W. Illinois Avenue, Suite 1630

Midland, TX 79701

o: 432-242-8850

m: 917-744-3072

wmeyer@erpfunds.com | www.erpfunds.com

Meghan J. Berry

Partner

ERP

400 W. Illinois Avenue, Suite 1630

Midland, TX 79701

o: 432-684-7539

mberry@erpfunds.com | www.erpfunds.com

ERP industrials

Invest Summary

Deal Type: 1031 Exchange
Sponsor: ERP 1031 Industrial Portfolio III DST
Hold Period: 7 YR
Investor Yield: 5.40
Funding Goal:$29,650,000
Investment Type: Real Estate
Min. Investment: $50,000

Documents

ERP 1031 Industrial Portfolio III DST PPM

ERP 1031 Industrial Portfolio Subscription

Create an Investment Account

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ERP 1031 Industrial Portfolio III DST

AREA OVERVIEW

THE PERMIAN BASIN

PERMIAN REGION OIL PRODUCTION

MIDLAND AND ODESSA, TEXAS HIGHLIGHTS

MIDLAND INTERNATIONAL

Prominent Companies In The Region

PROPERTY OVERVIEW

Tier 1 Strategic Transportation and Commercial Corridors

PROPERTY SUMMARY

SELECT CASE STUDIES

1110 South FM 1788 Midland, TX 79706

FM 1788

10716, 10800, 10810 Hwy 191 Midland, TX 79707

10716 HIGHWAY 191 - MULTI-TENANT BUILDING

10800 HIGHWAY 191 - MULTI-TENANT BUILDING

10810 HIGHWAY 191 - MULTI-TENANT BUILDING

HWY 191

OFFERING AT-A-GLANCE

FM 1788

HWY 191

Need a bigger space?

VISIBLE & ACCESSIBLE

MAXIMUM FLEXIBILITY

FUNCTIONAL & VERSATILE

One unit three functions.

Flex your brand in the Basin and grow your business.

Total

No Video available

EXECUTIVE SUMMARY

INVESTMENT SUMMARY

Property Multi-Tenant Industrial Portfolio (Midland, TX)

THE OFFERING

Location

Diversification

Acreage

Management is Institutional

Properties are Structured to Generate Cash Flow1

Amortizing, Non-Recourse Loan with a 15 Year Maturity and 6.25% Interest Rate

TEAM MANAGEMENT

William A. Meyer II

Meghan J. Berry

Brennan P. Berry

CONTACT INFORMATION

MAXIMUM
FLEXIBILITY

FUNCTIONAL
& VERSATILE

Properties are Structured to Generate Cash Flow¹