Top1031

AEI Net Lease Portfolio 23 DST

Single-tenant net lease property · sponsored by AEI Capital

HistoricalLast Form D filed Apr 17, 2025 (opens in a new tab)

AEI Net Lease Portfolio 23 DST was a DST sponsored by AEI Capital that owned a single-tenant net lease property. Its last Form D was filed Apr 17, 2025.

How it ended

No outcome recorded · under 7 years

Last Form D filed Apr 17, 2025.

AEI Capital has 2 active offerings on record →

Key facts

Minimum investment
$50,000
From the Form D
Offering size
$25,100,000
Equity offered, per the Form D
Sold
93.3%
Form D, Apr 17, 2025; the % is our arithmetic
Investors reported
62
Form D, Apr 17, 2025
Selling commissions
$1,255,000 · 5.0% of offering
Form D Item 15; the % is our arithmetic
Financing
Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
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 →

Using this record to judge the sponsor? A licensed 1031 specialist from our affiliated partner can talk it through with you.

Ask a 1031 specialist about this recordFree. About: AEI Net Lease Portfolio 23 DST. Top1031 is not a broker-dealer.

What did AEI Net Lease Portfolio 23 DST own?

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.

Tenant and lease terms are not in the SEC filings or cited sources.

How was it financed, and what did it cost to sell?

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
$1,255,000 · 5.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$3,147,889 · 12.5% of offering
Form D Item 16
· The filing’s note: “AEI Net Lease Portfolio 23 Depositor, LLC will be responsible for paying certain fees and costs of approximately $2,303,889.”
Broker-dealers named in the Form D
12 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Feb 13, 2024
Minimum investment
$50,000

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. The issuer marked these amounts as an estimate.

What does the SEC record show?

Legal Trust name
AEI NET LEASE PORTFOLIO 23 DST
SEC CIK
1987775
First Form D
Feb 15, 2024
Latest Form D
Apr 17, 2025
Filings on record
10
Offered under
Rule 506(b)
General advertising and solicitation are not permitted under this exemption.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount soldInvestors
Form D/A$25,100,000
$23,436,861+$5,132,526
62+12
EDGAR
Form D/A$25,100,000
$18,304,335+$2,779,003
50+8
EDGAR
Form D/A$25,100,000
$15,525,332+$450,000
42+1
EDGAR
Form D/A$25,100,000
$15,075,332+$275,129
41+1
EDGAR
Form D/A$25,100,000
$14,800,203+$347,695
40
EDGAR
Form D/A$25,100,000
$14,452,508+$1,698,090
40+10
EDGAR
Form D/A$25,100,000
$12,754,418+$9,650,485
30+21
EDGAR
Form D/A$25,100,000
$3,103,933+$1,447,568
9+5
EDGAR
Form D/A$25,100,000
$1,656,365+$1,156,545
4+3
EDGAR
Form D$25,100,000
$499,820
1
EDGAR
Show all 10 SEC Form D filings

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 23 DST?
AEI Net Lease Portfolio 23 DST is a Historical offering. Last Form D filed Apr 17, 2025.

Sources

Show sources (4)Hide sources (4)

These links support the record as a whole; individual details may come from different sources.

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.