AEI Net Lease Portfolio 19 DST
Medical office property in Hayden, ID · sponsored by AEI Capital
AEI Net Lease Portfolio 19 DST was a DST sponsored by AEI Capital that owned a medical office property in Hayden, ID. Its last Form D, filed Jul 7, 2022, reports the offering fully sold.
How it ended
No outcome recorded · under 7 years
The last Form D, filed Jul 7, 2022, reports the offering fully sold.
Key facts
- Minimum investment
- $25,000From the Form D
- Offering size
- $23,310,000Equity offered, per the Form D
- Sold
- 100%Form D, Jul 7, 2022; the % is our arithmetic
- Investors reported
- Form D, Jul 7, 202237
- Selling commissions
- Form D Item 15; the % is our arithmetic$1,165,500 · 5.0% of offering
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.How it is financed ↓
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
Figures come from SEC Form D filings unless a source is cited. Sponsor-stated figures are as reported by the sponsor; Top1031 does not independently audit them. On a 45-day clock? Find day 45 and day 180 →
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Ask a 1031 specialist about this recordFree. About: AEI Net Lease Portfolio 19 DST. Top1031 is not a broker-dealer.What did AEI Net Lease Portfolio 19 DST own?
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
How was it financed, and what did it cost to sell?
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.
Debt
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
Costs and terms from the Form D
- Selling commissions
- $1,165,500 · 5.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $3,238,000 · 13.8% of offeringForm D Item 16· The filing’s note: “AEI Net Lease Portfolio 19 Depositor, LLC will be responsible for paying certain fees and costs of approximately $2,305,600.”
- Broker-dealers named in the Form D
- 17 named in the Form D
Show the firms
- AEI Securities, Inc. · CRD 6158
- Ameritas Investment Company, LLC · CRD 14869
- Arkadios Capital · CRD 282710
- Avantax Investment Services, Inc. · CRD 13686
- Concorde Investment Services, LLC · CRD 151604
- DAI Securities, LLC · CRD 36673
- DFPG Investments, LLC · CRD 155576
- Harbour Investments, Inc · CRD 19258
- Lighthouse Capital Group, LLC · CRD 169135
- McDermott Investment Services, LLC · CRD 154926
- Osaic FA, Inc. · CRD 3978
- Osaic Wealth, Inc. · CRD 23131
- Patrick Capital Markets, LLC · CRD 16518
- Realized Financial, Inc. · CRD 22333
- Sagepoint Financial, Inc. · CRD 133763
- Wealthforge Securities, LLC · CRD 152550
- Whitehall-Parker Securities, Inc. · CRD 10608
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Apr 28, 2022
- Minimum investment
- $25,000
Form D Item 15 and Item 16 amounts may be the issuer’s estimates; each percentage is Top1031’s arithmetic on two Form D figures. Item 16 can overlap Item 15, so Top1031 does not add them together.
Who's behind AEI Net Lease Portfolio 19 DST?
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
- Offerings on record
What does the SEC record show?
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.
- Legal Trust name
- AEI NET LEASE PORTFOLIO 19 DST
- SEC CIK
- 1903746
- First Form D
- May 5, 2022
- Latest Form D
- Jul 7, 2022
- Filings on record
- 4
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D/A | $23,310,000 | $23,310,000+$7,075,551 | 37+6 | EDGAR | |
| Form D/A | $23,310,000 | $16,234,449+$4,838,449 | 31+11 | EDGAR | |
| Form D/A | $23,310,000 | $11,396,000+$9,480,450 | 20+16 | EDGAR | |
| Form D | $23,310,000 | $1,915,550 | 4 | EDGAR |
Amounts, investor counts and minimums are as filed with the SEC on Form D. The change lines are Top1031’s arithmetic between consecutive filings; a new Form D notice starts a new count.
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.
Common questions
- What happened to AEI Net Lease Portfolio 19 DST?
- AEI Net Lease Portfolio 19 DST is a Historical offering. The last Form D, filed Jul 7, 2022, reports the offering fully sold.
- 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 offering documents would carry those terms.
- 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.
In the news
Sources
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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 offering documents before investing.