-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 SkVdQJHTUjQQ4JTzYRmrlRJCBqhs4WkIgA8hNSRbV6NL3iBZJhghIsFeX6zJ1BWx
 7C1Ee1MavSBUCOx+poyMWQ==

<SEC-DOCUMENT>0001482177-10-000011.txt : 20100827
<SEC-HEADER>0001482177-10-000011.hdr.sgml : 20100827
<ACCEPTANCE-DATETIME>20100827132233
ACCESSION NUMBER:		0001482177-10-000011
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20100827
DATE AS OF CHANGE:		20100827
EFFECTIVENESS DATE:		20100827

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Hillsboro 1031 DST
		CENTRAL INDEX KEY:			0001482177
		IRS NUMBER:				276361105
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-138227
		FILM NUMBER:		101043044

	BUSINESS ADDRESS:	
		STREET 1:		2901 BUTTERFIELD ROAD
		CITY:			OAK BROOK
		STATE:			IL
		ZIP:			60523
		BUSINESS PHONE:		630-218-4916

	MAIL ADDRESS:	
		STREET 1:		2901 BUTTERFIELD ROAD
		CITY:			OAK BROOK
		STATE:			IL
		ZIP:			60523
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0704</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001482177</cik>
        <entityName>Hillsboro 1031 DST</entityName>
        <issuerAddress>
            <street1>2901 BUTTERFIELD ROAD</street1>
            <city>OAK BROOK</city>
            <stateOrCountry>IL</stateOrCountry>
            <stateOrCountryDescription>ILLINOIS</stateOrCountryDescription>
            <zipCode>60523</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>630-218-4916</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Other</entityType>
        <entityTypeOtherDesc>Delaware Statutory Trust</entityTypeOtherDesc>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2009</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Estate Corporation</firstName>
                <lastName>Inland Real</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2901 Butterfield Road</street1>
                <city>Oak Brook</city>
                <stateOrCountry>IL</stateOrCountry>
                <stateOrCountryDescription>ILLINOIS</stateOrCountryDescription>
                <zipCode>60523</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>1031, L.L.C.</firstName>
                <lastName>Hillsboro</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2901 Butterfield Road</street1>
                <city>Oak Brook</city>
                <stateOrCountry>IL</stateOrCountry>
                <stateOrCountryDescription>ILLINOIS</stateOrCountryDescription>
                <zipCode>60523</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Exchange, L.L.C.</firstName>
                <lastName>Hillsboro</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2901 Butterfield Road</street1>
                <city>Oak Brook</city>
                <stateOrCountry>IL</stateOrCountry>
                <stateOrCountryDescription>ILLINOIS</stateOrCountryDescription>
                <zipCode>60523</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Other Real Estate</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0001482177-10-000010</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2010-01-14</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isOtherType>true</isOtherType>
            <descriptionOfOtherType>Beneficial interests in a Delaware Statutory Trust reflecting beneficial interests in real estate.</descriptionOfOtherType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>100000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Inland Securities Corporation</recipientName>
                <recipientCRDNumber>15807</recipientCRDNumber>
                <associatedBDName>Inland Securities Corporation</associatedBDName>
                <associatedBDCRDNumber>15807</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>2901 Butterfield Road</street1>
                    <city>Oak Brook</city>
                    <stateOrCountry>IL</stateOrCountry>
                    <stateOrCountryDescription>ILLINOIS</stateOrCountryDescription>
                    <zipCode>60523</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>IL</state>
                    <description>ILLINOIS</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Patrick R. Conway</recipientName>
                <recipientCRDNumber>1337831</recipientCRDNumber>
                <associatedBDName>Investacorp, Inc.</associatedBDName>
                <associatedBDCRDNumber>7684</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>2901 Butterfield Road</street1>
                    <city>Oak Brook</city>
                    <stateOrCountry>IL</stateOrCountry>
                    <stateOrCountryDescription>ILLINOIS</stateOrCountryDescription>
                    <zipCode>60523</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>FL</state>
                    <description>FLORIDA</description>
                    <state>IL</state>
                    <description>ILLINOIS</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Timothy K. Whipple</recipientName>
                <recipientCRDNumber>2829688</recipientCRDNumber>
                <associatedBDName>Triad Advisors, Inc.</associatedBDName>
                <associatedBDCRDNumber>25803</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>499 South Oren Boulevard</street1>
                    <city>Orem</city>
                    <stateOrCountry>UT</stateOrCountry>
                    <stateOrCountryDescription>UTAH</stateOrCountryDescription>
                    <zipCode>84058</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>UT</state>
                    <description>UTAH</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Gregory W. McCloskey</recipientName>
                <recipientCRDNumber>2820510</recipientCRDNumber>
                <associatedBDName>Newport Coast Securities, Inc.</associatedBDName>
                <associatedBDCRDNumber>16944</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>18872 MacArthur Boulevard, Suite 100</street1>
                    <city>Irvine</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>92612</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>David B. Levinson</recipientName>
                <recipientCRDNumber>705929</recipientCRDNumber>
                <associatedBDName>Newport Coast Securities, Inc.</associatedBDName>
                <associatedBDCRDNumber>16944</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>18872 MacArthur Boulevard, Suite 100</street1>
                    <city>Irvine</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>92612</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Robert S. Smith</recipientName>
                <recipientCRDNumber>1412333</recipientCRDNumber>
                <associatedBDName>Pacific West Securities, Inc.</associatedBDName>
                <associatedBDCRDNumber>6390</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>8705 SW Nimbus Avenue, Suite 260</street1>
                    <city>Beaverton</city>
                    <stateOrCountry>OR</stateOrCountry>
                    <stateOrCountryDescription>OREGON</stateOrCountryDescription>
                    <zipCode>97008</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                    <state>OR</state>
                    <description>OREGON</description>
                    <state>VA</state>
                    <description>VIRGINIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Iaian L. Filippini</recipientName>
                <recipientCRDNumber>4708877</recipientCRDNumber>
                <associatedBDName>Independent Financial Group, LLC</associatedBDName>
                <associatedBDCRDNumber>7717</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1096 Coast Village Road</street1>
                    <city>Montecito</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>93108</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Jason L. Garofalo</recipientName>
                <recipientCRDNumber>3008935</recipientCRDNumber>
                <associatedBDName>Tricor Financial, LLC</associatedBDName>
                <associatedBDCRDNumber>142518</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>7201 West Lake Mead Boulevard, Suite 114</street1>
                    <city>Las Vegas</city>
                    <stateOrCountry>NV</stateOrCountry>
                    <stateOrCountryDescription>NEVADA</stateOrCountryDescription>
                    <zipCode>89128-8347</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>NV</state>
                    <description>NEVADA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Elizabeth Delgado-Schuetze</recipientName>
                <recipientCRDNumber>4501355</recipientCRDNumber>
                <associatedBDName>Tricor Financial, LLC</associatedBDName>
                <associatedBDCRDNumber>142518</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>7201 West Lake Mead Boulevard, Suite 114</street1>
                    <city>Las Vegas</city>
                    <stateOrCountry>NV</stateOrCountry>
                    <stateOrCountryDescription>NEVADA</stateOrCountryDescription>
                    <zipCode>89128-8347</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>NV</state>
                    <description>NEVADA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Robert A. Cannon</recipientName>
                <recipientCRDNumber>2765289</recipientCRDNumber>
                <associatedBDName>Pacific West Securities, Inc.</associatedBDName>
                <associatedBDCRDNumber>6390</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>371 NE Gilman Boulevard, Suite 310</street1>
                    <city>Issaquah</city>
                    <stateOrCountry>WA</stateOrCountry>
                    <stateOrCountryDescription>WASHINGTON</stateOrCountryDescription>
                    <zipCode>98027</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>IL</state>
                    <description>ILLINOIS</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Christopher T. Wendel</recipientName>
                <recipientCRDNumber>1930870</recipientCRDNumber>
                <associatedBDName>WRP Investments, Inc.</associatedBDName>
                <associatedBDCRDNumber>7365</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>215 West Market Street</street1>
                    <city>Celina</city>
                    <stateOrCountry>OH</stateOrCountry>
                    <stateOrCountryDescription>OHIO</stateOrCountryDescription>
                    <zipCode>45822</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>OH</state>
                    <description>OHIO</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Nathaniel M. Kuhn</recipientName>
                <recipientCRDNumber>4624143</recipientCRDNumber>
                <associatedBDName>Investacorp, Inc.</associatedBDName>
                <associatedBDCRDNumber>7684</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>300 Anthony Avenue, Suite 206</street1>
                    <city>Mundelein</city>
                    <stateOrCountry>IL</stateOrCountry>
                    <stateOrCountryDescription>ILLINOIS</stateOrCountryDescription>
                    <zipCode>60060</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>IL</state>
                    <description>ILLINOIS</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Ricky L. Coody</recipientName>
                <recipientCRDNumber>4251317</recipientCRDNumber>
                <associatedBDName>Invest Financial Corporation</associatedBDName>
                <associatedBDCRDNumber>12984</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>300 East Choctaw</street1>
                    <city>McAlester</city>
                    <stateOrCountry>OK</stateOrCountry>
                    <stateOrCountryDescription>OKLAHOMA</stateOrCountryDescription>
                    <zipCode>74501</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>TX</state>
                    <description>TEXAS</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>John S. Weiss</recipientName>
                <recipientCRDNumber>1097536</recipientCRDNumber>
                <associatedBDName>Crown Capital Securities, L.P.</associatedBDName>
                <associatedBDCRDNumber>6312</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>7541 North Calle Sin Desengano</street1>
                    <city>Tucson</city>
                    <stateOrCountry>AZ</stateOrCountry>
                    <stateOrCountryDescription>ARIZONA</stateOrCountryDescription>
                    <zipCode>85718</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                    <state>IA</state>
                    <description>IOWA</description>
                    <state>NY</state>
                    <description>NEW YORK</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Kim D. Frink</recipientName>
                <recipientCRDNumber>2298983</recipientCRDNumber>
                <associatedBDName>Invest Financial Corporation</associatedBDName>
                <associatedBDCRDNumber>12984</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>93 Route 6A</street1>
                    <city>Sandwich</city>
                    <stateOrCountry>MA</stateOrCountry>
                    <stateOrCountryDescription>MASSACHUSETTS</stateOrCountryDescription>
                    <zipCode>02563</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>MA</state>
                    <description>MASSACHUSETTS</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>William A. Howe</recipientName>
                <recipientCRDNumber>4533710</recipientCRDNumber>
                <associatedBDName>Invest Financial Corporation</associatedBDName>
                <associatedBDCRDNumber>12984</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>5 Brook Street</street1>
                    <city>Middleboro</city>
                    <stateOrCountry>MA</stateOrCountry>
                    <stateOrCountryDescription>MASSACHUSETTS</stateOrCountryDescription>
                    <zipCode>02346</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>FL</state>
                    <description>FLORIDA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>John G. Chess</recipientName>
                <recipientCRDNumber>4812430</recipientCRDNumber>
                <associatedBDName>Investors Capital Corp.</associatedBDName>
                <associatedBDCRDNumber>30613</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>4263 Gavin Lane</street1>
                    <city>Columbus</city>
                    <stateOrCountry>OH</stateOrCountry>
                    <stateOrCountryDescription>OHIO</stateOrCountryDescription>
                    <zipCode>43220</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>KY</state>
                    <description>KENTUCKY</description>
                    <state>OH</state>
                    <description>OHIO</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>John M. Lavery</recipientName>
                <recipientCRDNumber>2659827</recipientCRDNumber>
                <associatedBDName>Investment Planners, Inc.</associatedBDName>
                <associatedBDCRDNumber>18557</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>420 Maine Street</street1>
                    <city>Quincy</city>
                    <stateOrCountry>IL</stateOrCountry>
                    <stateOrCountryDescription>ILLINOIS</stateOrCountryDescription>
                    <zipCode>62301</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>IL</state>
                    <description>ILLINOIS</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Donovan T. Kelly</recipientName>
                <recipientCRDNumber>2622366</recipientCRDNumber>
                <associatedBDName>Pacific West Securities, Inc.</associatedBDName>
                <associatedBDCRDNumber>6390</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>3115 1st Avenue North</street1>
                    <city>Billings</city>
                    <stateOrCountry>MT</stateOrCountry>
                    <stateOrCountryDescription>MONTANA</stateOrCountryDescription>
                    <zipCode>59101</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>AZ</state>
                    <description>ARIZONA</description>
                    <state>MT</state>
                    <description>MONTANA</description>
                    <state>SD</state>
                    <description>SOUTH DAKOTA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>George C. Merhoff, Jr.</recipientName>
                <recipientCRDNumber>2918171</recipientCRDNumber>
                <associatedBDName>Pacific West Securities, Inc.</associatedBDName>
                <associatedBDCRDNumber>6390</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>626 South 7th Street</street1>
                    <city>Klamath Falls</city>
                    <stateOrCountry>OR</stateOrCountry>
                    <stateOrCountryDescription>OREGON</stateOrCountryDescription>
                    <zipCode>97601</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>OR</state>
                    <description>OREGON</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Douglas R. Griesel</recipientName>
                <recipientCRDNumber>4463348</recipientCRDNumber>
                <associatedBDName>1st Global Capital Corp.</associatedBDName>
                <associatedBDCRDNumber>30349</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>432 West 11th Avenue</street1>
                    <city>Eugene</city>
                    <stateOrCountry>OR</stateOrCountry>
                    <stateOrCountryDescription>OREGON</stateOrCountryDescription>
                    <zipCode>97401</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>OR</state>
                    <description>OREGON</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Larry T. Kennard</recipientName>
                <recipientCRDNumber>267675</recipientCRDNumber>
                <associatedBDName>Sigma Financial Corporation</associatedBDName>
                <associatedBDCRDNumber>14303</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>11969 Fuerte Drive</street1>
                    <city>El Cajon</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>92020</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>AZ</state>
                    <description>ARIZONA</description>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Bruce S. Birke</recipientName>
                <recipientCRDNumber>1671284</recipientCRDNumber>
                <associatedBDName>Crown Capital Securities, L.P.</associatedBDName>
                <associatedBDCRDNumber>6312</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>725 Town &amp; Country Road, Suite 530</street1>
                    <city>Orange</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>92868</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Thomas J. Todd</recipientName>
                <recipientCRDNumber>3111871</recipientCRDNumber>
                <associatedBDName>1st Global Capital Corp.</associatedBDName>
                <associatedBDCRDNumber>30349</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>2160 County Club Road</street1>
                    <city>Winston Salem</city>
                    <stateOrCountry>NC</stateOrCountry>
                    <stateOrCountryDescription>NORTH CAROLINA</stateOrCountryDescription>
                    <zipCode>27104-4208</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>NC</state>
                    <description>NORTH CAROLINA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Andrew G. Rosenberg</recipientName>
                <recipientCRDNumber>2944124</recipientCRDNumber>
                <associatedBDName>Securities America, Inc.</associatedBDName>
                <associatedBDCRDNumber>10205</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>12510 West Atlantic Boulevard</street1>
                    <city>Coral Springs</city>
                    <stateOrCountry>FL</stateOrCountry>
                    <stateOrCountryDescription>FLORIDA</stateOrCountryDescription>
                    <zipCode>33071-4085</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>FL</state>
                    <description>FLORIDA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>James F. Mangam, Jr.</recipientName>
                <recipientCRDNumber>316794</recipientCRDNumber>
                <associatedBDName>Cadaret, Grant &amp; Co., Inc.</associatedBDName>
                <associatedBDCRDNumber>10641</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>12 Overlook Avenue</street1>
                    <city>Rochele Park</city>
                    <stateOrCountry>NJ</stateOrCountry>
                    <stateOrCountryDescription>NEW JERSEY</stateOrCountryDescription>
                    <zipCode>07662</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>NJ</state>
                    <description>NEW JERSEY</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>John F. Connealy</recipientName>
                <recipientCRDNumber>1714005</recipientCRDNumber>
                <associatedBDName>Securities America, Inc.</associatedBDName>
                <associatedBDCRDNumber>10205</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>5505 Red Rock Lane, Suite 200</street1>
                    <city>Lincoln</city>
                    <stateOrCountry>NE</stateOrCountry>
                    <stateOrCountryDescription>NEBRASKA</stateOrCountryDescription>
                    <zipCode>68516-6513</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>NE</state>
                    <description>NEBRASKA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Jerald D. Peabody</recipientName>
                <recipientCRDNumber>3009776</recipientCRDNumber>
                <associatedBDName>Investment Planners, Inc.</associatedBDName>
                <associatedBDCRDNumber>18557</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>121 North Macarthur</street1>
                    <city>Macomb</city>
                    <stateOrCountry>IL</stateOrCountry>
                    <stateOrCountryDescription>ILLINOIS</stateOrCountryDescription>
                    <zipCode>61455</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>IL</state>
                    <description>ILLINOIS</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Craig M. Rollins</recipientName>
                <recipientCRDNumber>1896698</recipientCRDNumber>
                <associatedBDName>Triad Advisors, Inc.</associatedBDName>
                <associatedBDCRDNumber>25803</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>499 South Oren Boulevard</street1>
                    <city>Orem</city>
                    <stateOrCountry>UT</stateOrCountry>
                    <stateOrCountryDescription>UTAH</stateOrCountryDescription>
                    <zipCode>84058</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>UT</state>
                    <description>UTAH</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Anand M. Savur</recipientName>
                <recipientCRDNumber>1809528</recipientCRDNumber>
                <associatedBDName>Proequities, Inc.</associatedBDName>
                <associatedBDCRDNumber>15708</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>20319 Nordhoff Street, Suite 120</street1>
                    <city>Chatsworth</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>91311</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Michael C. Kirk</recipientName>
                <recipientCRDNumber>4396710</recipientCRDNumber>
                <associatedBDName>Sii Investments, Inc.</associatedBDName>
                <associatedBDCRDNumber>2225</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>5404 West Lake Street</street1>
                    <city>West Bend</city>
                    <stateOrCountry>WI</stateOrCountry>
                    <stateOrCountryDescription>WISCONSIN</stateOrCountryDescription>
                    <zipCode>53095</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>WI</state>
                    <description>WISCONSIN</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Terry G. Hershey</recipientName>
                <recipientCRDNumber>3097903</recipientCRDNumber>
                <associatedBDName>Proequities, Inc.</associatedBDName>
                <associatedBDCRDNumber>15708</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>809 Center Avenue</street1>
                    <city>Payette</city>
                    <stateOrCountry>ID</stateOrCountry>
                    <stateOrCountryDescription>IDAHO</stateOrCountryDescription>
                    <zipCode>83661</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>OR</state>
                    <description>OREGON</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Tomas J. Velken</recipientName>
                <recipientCRDNumber>1600404</recipientCRDNumber>
                <associatedBDName>Sigma Financial Corporation</associatedBDName>
                <associatedBDCRDNumber>14303</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1078 Carol Lane, #203</street1>
                    <city>Lafayette</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>94549</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Leonard R. Bettencourt</recipientName>
                <recipientCRDNumber>4025897</recipientCRDNumber>
                <associatedBDName>1st Global Capital Corp.</associatedBDName>
                <associatedBDCRDNumber>30349</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>865 Geer Road</street1>
                    <city>Turlock</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>95380</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>DeVonna K. Murrin</recipientName>
                <recipientCRDNumber>5087189</recipientCRDNumber>
                <associatedBDName>Empire Securities Corporation</associatedBDName>
                <associatedBDCRDNumber>2826</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1960 East Grand Avenue, Suite 555</street1>
                    <city>El Segundo</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>90245</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Mark C. Christenson</recipientName>
                <recipientCRDNumber>2185958</recipientCRDNumber>
                <associatedBDName>Morgan Keegan &amp; Company, Inc.</associatedBDName>
                <associatedBDCRDNumber>4161</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>101 Trinity Place</street1>
                    <city>Athens</city>
                    <stateOrCountry>GA</stateOrCountry>
                    <stateOrCountryDescription>GEORGIA</stateOrCountryDescription>
                    <zipCode>30607</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>GA</state>
                    <description>GEORGIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Raymond W. Harrison</recipientName>
                <recipientCRDNumber>2287436</recipientCRDNumber>
                <associatedBDName>Proequities, Inc.</associatedBDName>
                <associatedBDCRDNumber>15708</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>6939 Sunrise Boulevard, Suite 101</street1>
                    <city>Citrus Heights</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>95610</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Brian A. Peardon</recipientName>
                <recipientCRDNumber>4819319</recipientCRDNumber>
                <associatedBDName>Proequities, Inc.</associatedBDName>
                <associatedBDCRDNumber>15708</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>6939 Sunrise Boulevard, Suite 101</street1>
                    <city>Citrus Heights</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>95610</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Deanna R. Pickering</recipientName>
                <recipientCRDNumber>4902439</recipientCRDNumber>
                <associatedBDName>1st Global Capital Corp.</associatedBDName>
                <associatedBDCRDNumber>30349</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>330 South Center Street, Suite 100</street1>
                    <city>Casper</city>
                    <stateOrCountry>WY</stateOrCountry>
                    <stateOrCountryDescription>WYOMING</stateOrCountryDescription>
                    <zipCode>82601</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>WY</state>
                    <description>WYOMING</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Daniel R. Mueller</recipientName>
                <recipientCRDNumber>4464268</recipientCRDNumber>
                <associatedBDName>1st Global Capital Corp.</associatedBDName>
                <associatedBDCRDNumber>30349</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>5635 NW Elam Young Parkway, Suite 100</street1>
                    <city>Hillsboro</city>
                    <stateOrCountry>OR</stateOrCountry>
                    <stateOrCountryDescription>OREGON</stateOrCountryDescription>
                    <zipCode>97124</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>OR</state>
                    <description>OREGON</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>12837500</totalOfferingAmount>
            <totalAmountSold>12837500</totalAmountSold>
            <totalRemaining>0</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>96</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>898625</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>1437917</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Hillsboro 1031 DST</issuerName>
                <signatureName>/s/ Patricia A. DelRosso</signatureName>
                <nameOfSigner>Patricia A. DelRosso</nameOfSigner>
                <signatureTitle>President of Member of Signatory Trustee</signatureTitle>
                <signatureDate>2010-08-27</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----