AEI NET LEASE PORTFOLIO 23 DST
Single-tenant net lease (per trust name; property mix not publicly disclosed) property — sponsored by AEI Capital
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
AEI Net Lease Portfolio 23 DST is a Delaware statutory trust sponsored by AEI Capital, a St. Paul, Minnesota real estate firm operating from 30 East 7th Street, Suite 1300. Issuer filings identify Marni J. Nygard as president of the manager and a director, Kevin Steele as chief operating officer and a director, and Keith Petersen as chief financial officer, with AEI Trust Advisors, Inc. and AEI Trust Manager, LLC named as promoters. The trust conducted a Regulation D exempt offering with a total offering amount of $25,100,000; an amendment dated April 17, 2025 reported $23,436,861 sold across 62 investors.
Show sources (4)Hide sources (4)
These links support the historical public record; individual details may come from different sources.
- sec.gov ↗Public record
- Top1031 identity record ↗Top1031-reviewed source
- formds.com ↗
- sec.gov ↗
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
How did it end?
No sale or other ending on record
We have not found a public record of how this offering ended. That is not the same as knowing it still operates.
Raised ~$5.13M of $25.1M per 4/2025 Form D/A; 506(b), no public property-level marketing found
Who's behind it?
- Sponsor
- AEI Capital
- Legal Trust name
- AEI NET LEASE PORTFOLIO 23 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?
- 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
- 10
- 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 23 DST?
Top1031 lists AEI NET LEASE PORTFOLIO 23 DST as historical. It is no longer raising money.
Where does Top1031 get the data for AEI NET LEASE PORTFOLIO 23 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.