AMG Chicago + Winding Woods
Medical office / outpatient healthcare clinics (single-tenant net lease) property in Multi-state (2) — sponsored by AEI Capital
Files with the SEC as AEI Healthcare Portfolio VI DST
Minimum investment
$25k
Offering size
$22.0M
How much has sold
89.0%
Asset type
Medical office / outpatient healthcare clinics (single-tenant net lease) property
Location
Multi-state (2)
Financing
All cash. This offering reports no mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
AMG Chicago + Winding Woods is a Delaware Statutory Trust — fractional, passive property ownership that qualifies for 1031 exchange treatment — holding two single-tenant outpatient medical buildings, in Chicago and O'Fallon, Missouri. AEI Capital owns both without mortgage debt and offers interests to accredited investors under Rule 506(b), the private-placement exemption that bars advertising. No Form D amendment later than October 23, 2025 appears on the SEC record.
Debt-free (0% LTV), min $100K, Y1 5.05%, 7-10yr hold; tenants Advocate Medical Group & Mercy Health; open 8/2025, since delisted
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These links support the public record as a whole; 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?
AEI Capital assembled this portfolio one building at a time, buying each clinic outright before syndicating the equity. It reported closing on the Advocate Medical Group clinic in Chicago on December 18, 2024 for $7,510,000, on 1.74 acres.1 It reported adding the Mercy-occupied medical office at 300 Winding Woods Drive in O'Fallon, Missouri on February 18, 2025 for $11,345,000, on 3.94 acres.2
- Property address
- 2210 West 95th Street, Chicago, IL
- Property size
- 69,645 SF total (25,000 SF Chicago; 44,645 SF O'Fallon)
Who is the tenant, and what's the lease?
AEI reports the O'Fallon building is 100% leased to and occupied by Mercy Health under a long-term net lease — the structure in which the tenant carries taxes, insurance and maintenance.2 It reports the Chicago clinic leased to an affiliate of Advocate Health.1 Neither lease's expiration, rent or escalation terms appear in public materials.
How are sales going?
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
89.0% reported sold
- Amount sold
- $19,663,300
- Still available
- $2,336,700
- Investors reported
- 54
- Total offering
- $22,000,000
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How is it financed, and what does it pay?
No lender means no loan maturity, no refinancing event and no lender covenants during the hold. It also means an exchanger who carried a mortgage on the relinquished property gets no debt replacement from this Trust and must address that requirement elsewhere.
- Financing
- All cash. This offering reports no mortgage debt.
Who's behind it?
AEI Capital sponsors debt-free Delaware Statutory Trusts built around single-tenant, net-leased properties, and this Trust is the sixth vehicle in its healthcare portfolio series. On January 15, 2026, AEI announced that the preceding AEI Healthcare Portfolio V DST was fully subscribed, having raised more than $27 million.3 AltsWire published a directory feature on AEI's debt-free DST and 1031 exchange program dated July 3, 2026.4
- Sponsor
- AEI Capital
- Legal Trust name
- AEI Healthcare Portfolio VI 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 amendments have tracked accumulating sales rather than new terms; the first of them lowered the stated minimum investment from $50,000 to $25,000. Interests are sold through broker-dealers and their representatives rather than advertised, and the governing document is the Private Placement Memorandum, or PPM — not the Form D.
- 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
- 7
- 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
Is AMG Chicago + Winding Woods still raising money?
Top1031 lists AMG Chicago + Winding Woods as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.
Where does Top1031 get the data for AMG Chicago + Winding Woods?
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.
Is this Trust still accepting new investors?
Its most recent SEC filing is a Form D amendment dated October 23, 2025, which still reported unsold equity in the offering, and no later filing appears on the SEC record through August 23, 2026. A third-party DST marketplace listed the offering in August 2025 and later removed the listing. Current availability is not settled by public filings; ask the sponsor or your representative.
What does a debt-free or all-cash DST mean for me?
AEI reported buying both properties without a mortgage, so there is no loan to mature, no lender covenants and no refinancing event during the hold. The trade-off is that such a Trust supplies no mortgage debt, so a 1031 exchanger who carried a loan on the relinquished property gets no debt replacement here and must satisfy that requirement another way.
Who occupies the two buildings?
AEI reports the Chicago clinic is leased to an affiliate of Advocate Health, and Advocate Health lists an Advocate Medical Group primary care location at that address. AEI reports the O'Fallon, Missouri property at 300 Winding Woods Drive is 100% leased and occupied by Mercy Health under a long-term net lease, and Mercy lists a clinic there. The Chicago occupancy percentage, and both leases' commencement and expiration dates, rent and escalation terms, are not established in public materials.
What did AEI pay for the properties, and when?
AEI announced it acquired the Chicago clinic on December 18, 2024 for $7,510,000 and the O'Fallon property on February 18, 2025 for $11,345,000, both without mortgage financing. Both purchases preceded the Trust's first Form D, filed July 23, 2025 — a common sequence in which the sponsor buys first and syndicates the equity afterward.
What is a Rule 506(b) offering?
Rule 506(b) is the private-placement exemption that lets an issuer sell securities without SEC registration, but without general solicitation or advertising. In practice, interests are offered through broker-dealers and their representatives to accredited investors — people who meet SEC income or net-worth thresholds — typically where a pre-existing relationship already exists. The governing document is the Private Placement Memorandum, not the Form D.
What does the public record not tell me?
The Form D filings carry the offering size, sales progress, investor count, minimum investment and the exemption relied on. They say nothing about lease expirations, rent escalations, tenant credit, reserve accounts, fees, master lease terms or exit plans. Those live in the Private Placement Memorandum and the trust agreement.
Chapter 9AEI Acquires an Advocate Medical Group ClinicAEI Capital Corporation announced the all-cash acquisition of an Advocate Medical Group clinic at 2210 West 95th Street, Chicago, Illinois for $7.51 million, leased to an affiliate of Advocate Health.