Manufacturing Essential Asset 1 (MEA 1)

Top1031 lists Manufacturing Essential Asset 1 (MEA 1) as historical. It is no longer raising money.

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.

CAI Investments announced on March 19, 2026 that the MEA 1 Delaware Statutory Trust offering had been fully subscribed, which means the sponsor was no longer accepting new equity as of that announcement. The most recent Form D amendment on the SEC record is dated January 24, 2024, so the filings themselves have not been updated to reflect the close. Anyone with a 45-day identification clock running should confirm current availability with the sponsor or their own representative before identifying the Trust.

The single tenant is U.S. Medical Glove Company (USMGC), a nitrile glove and medical equipment manufacturer whose build-out has been supported by Department of Defense and Health and Human Services funding. CAI states the lease is a 23.5-year absolute triple-net lease with four five-year renewal options, guaranteed by U.S. Medical Glove Company, LLC. Absolute triple-net means the tenant, not the Trust, pays property taxes, insurance and maintenance. In a May 30, 2024 press release marking its first year at the site, USMGC said ten nitrile-glove production lines were running with 21 more under assembly.

It is the former Motorola North American headquarters campus at 2001 N. Division Street in Harvard, Illinois. Chicago Tribune reporting identified Pinnacle Fund Management, an affiliate of CAI Investments, as the buyer of the 303-acre property from the U.S. Marshals Service in late September 2021, at an undisclosed price. Local coverage in June 2023 described the plant being prepared for U.S. Medical Glove's occupancy under a non-disclosure agreement that limited what city officials could say.

No public source reviewed states the loan amount, the lender, or the loan-to-value ratio. CAI has said the overall MEA 1 investment totaled approximately $286 million including both debt and equity, against a $182,117,607 total offering amount reported on the Form D. The difference implies debt, but the sponsor has not published the figure, and Form D notices do not require it. The PPM and loan documents are the authoritative sources.

No. The record for this Trust shows no provision to convert investor interests into operating-partnership units of a REIT — the structure often called a 721 exchange or UPREIT exit, in which DST investors roll into a REIT rather than into another property. Without that option, the eventual disposition path for this Trust is a sale of the property or the interests, as described in the PPM.

Both are Regulation D exemptions that let a sponsor raise money privately without registering the securities. Under Rule 506(b) the sponsor cannot advertise generally and can rely on an investor's self-certification of accredited status. Under Rule 506(c) the sponsor may advertise publicly but must take reasonable steps to verify that every investor is accredited — typically tax returns, brokerage statements, or a letter from a CPA or attorney. CAI converted this offering to 506(c) in 2024, which is why prospective investors face documented verification rather than a checkbox.