Minimum investment
$25k
Offering size
$23.3M
How much has sold
100.0%
Asset type
Medical office
Location
Hayden, ID
Financing
Leveraged. This offering reports mortgage debt on the property.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
AEI Net Lease Portfolio 19 DST is a Delaware statutory trust — a passive ownership vehicle whose beneficial interests can serve as replacement property in a 1031 exchange — organized in 2021.1 It holds two medical-office buildings leased to BioLife Plasma Services in Hayden, Idaho and Layton, Utah, bought for $14.4 million in a sale announced March 17, 2022.2 The offering is closed to new investors.
Show sources (8)Hide sources (8)
These links support the historical public record; individual details may come from different sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
Livingston Street Capital announced on March 17, 2022 that an affiliate had sold the portfolio to this Trust for $14.4 million.2 One building stands at 8300 N. Cornerstone Drive in Hayden, Idaho, the other at 781 Heritage Park Blvd. in Layton, Utah, and both were reported fully leased to BioLife Plasma Services when they traded.3 BioLife's own location page still lists a plasma donation center at the Hayden address.4
- Reported location
- Hayden, ID
- Property size
- 2 medical office buildings; 31,500 square feet
Who is the tenant, and what's the lease?
Both buildings were reported fully leased to BioLife Plasma Services, a plasma-collection operator, at the time of the March 2022 sale.3 The Trust's name points to a net-lease arrangement, in which the tenant rather than the landlord carries most property operating costs, but lease terms, expiration dates and any guarantor were not located in the public record.
How did it end?
No sale or other ending on record
No full-cycle, sale, foreclosure, or UPREIT-exchange announcement was located for AEI Net Lease Portfolio 19 DST (raised May–Jul 2022); the trust remains listed as Active/Reviewed on the JRW Investments AEI sponsor page and is well within AEI's typical 7–10 year DST hold window [1][2].
Livingston Street Capital identifies two medical-office properties in Idaho and Utah acquired by AEI Net Lease Portfolio 19 DST for $14.4 million and totaling 31,500 square feet; exact asset names, cities, and street addresses were not established in the public sources reviewed.
2 medical office buildings; 31,500 square feetSupporting evidence
How is it financed, and what does it pay?
The final Form D lists equity as the security sold, which describes the interests investors bought rather than proving whether mortgage debt encumbers the real estate.5 No lender, loan balance, maturity or loan-to-value figure surfaced in the public record reviewed.
Who's behind it?
AEI runs this Trust out of St. Paul, Minnesota; the SEC record lists it at 30 East 7th Street there.6 The filings name AEI Trust Advisors, Inc. as adviser, AEI Trust Manager, LLC as manager and AEI Net Lease Portfolio 19 Depositor, LLC as depositor, with Marni J. Nygard as president of the manager.5 No later issuer filing appears in the SEC record after July 2022, which by itself does not prove the Trust is inactive.
- Sponsor
- AEI Capital
- Legal Trust name
- AEI NET LEASE PORTFOLIO 19 DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 2 active / 8 total offerings from AEI Capital
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The Trust was sold privately to accredited investors — people meeting SEC income or net-worth tests — without general advertising, under the exemption shown below. Each successive Form D amendment restated the running subscription tally, and the last one reported the raise complete.
- First Form D filedThe public offering record begins.
- Offering amount recordedA Form D amendment recorded offering and sales totals.
- Filing record updatedA later amendment updated the sponsor’s filing record.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Filings on record
- 4
- How it may be offered
- Rule 506(b)Not advertised publicly. Offered through existing relationships.
- Source filing
- Read the filings on SEC EDGAR
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current Private Placement Memorandum before investing.
Common questions
What happened to AEI NET LEASE PORTFOLIO 19 DST?
Top1031 lists AEI NET LEASE PORTFOLIO 19 DST as historical. It is no longer raising money.
Where does Top1031 get the data for AEI NET LEASE PORTFOLIO 19 DST?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Can I still invest in AEI Net Lease Portfolio 19 DST?
No. This is a historical Trust — closed to new investors. The final Form D/A, filed July 7, 2022, reported the equity offering complete, with nothing left to sell. Any purchase today would have to come from an existing beneficial owner, which DST governing documents typically restrict.
What does the Trust own?
Two medical-office buildings that Livingston Street Capital announced selling to the Trust for $14.4 million on March 17, 2022: one at 8300 N. Cornerstone Drive in Hayden, Idaho, and one at 781 Heritage Park Blvd. in Layton, Utah. Both were reported fully leased to BioLife Plasma Services at the time of that sale.
Who is BioLife Plasma Services?
BioLife Plasma Services operates plasma donation centers across the United States and was reported as the sole tenant of both buildings when they were sold in March 2022. BioLife's official location pages list centers at the Hayden, Idaho and Layton, Utah addresses. Those listings show operations, not current title or lease terms.
Is there a mortgage on the properties?
The public record reviewed does not say. The Form D reports equity as the security offered to investors, which is a statement about the investment interests, not about property-level debt. No lender, loan amount, maturity or loan-to-value figure was located. The private placement memorandum would carry those terms.
What is a Delaware statutory trust, and why does it matter for a 1031 exchange?
A Delaware statutory trust holds real estate on behalf of passive beneficial owners. Under IRS Revenue Ruling 2004-86, an interest in a qualifying DST is treated as an interest in real property, so it can serve as replacement property in a 1031 exchange. Investors have no management role and cannot direct the property.
Has the Trust sold or refinanced the properties?
No later primary record confirming a sale, refinancing, foreclosure or other material property event was located in the sources reviewed. The SEC record for this issuer shows no filing after July 7, 2022. Investors in the Trust would receive any such information directly from the sponsor.
Chapter 9Livingston Street Capital Sells Two Medical Office Buildings in Idaho, Utah for $14.4MThe article reports that an affiliate of Livingston Street Capital completed the disposition of two medical-office properties totaling 31,500 square feet in Idaho and Utah that were acquired by AEI Net Lease Portfolio 19 DST for $14.4 million.