Top1031

Net-Leased High LTV 1 DST

Net lease property · sponsored by ExchangeRight

HistoricalLast Form D, filed Jan 29, 2024, reports the offering fully sold (opens in a new tab)

Net-Leased High LTV 1 DST was a DST sponsored by ExchangeRight that owned a net lease property. Its last Form D, filed Jan 29, 2024, reports the offering fully sold.

How it ended

No outcome recorded · under 7 years

The last Form D, filed Jan 29, 2024, reports the offering fully sold.

ExchangeRight has 11 active offerings on record →

Key facts

Minimum investment
$100,000
From the Form D
Offering size
$1,210,000
Equity offered, per the Form D
Sold
100%
Form D, Jan 29, 2024; the % is our arithmetic
Investors reported
19
Form D, Jan 29, 2024
Selling commissions
$48,400 · 4.0% of offering
Form D Item 15; the % is our arithmetic
Financing
Leveraged. This offering reports mortgage debt on the property.
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 →

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: Net-Leased High LTV 1 DST. Top1031 is not a broker-dealer.

What did Net-Leased High LTV 1 DST own?

Neither Form D on record identifies a property, a city, or a tenant, and no property-level public record surfaced in review. The Trust's name points to net-leased real estate carried with high loan-to-value mortgage financing, but the building itself, its lease, and its purchase date appear only in the offering documents. Treat the address as unknown until the sponsor supplies it.

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

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

The Trust holds its real estate with mortgage debt rather than paying all cash, so loan payments come ahead of anything distributed to investors and the lender holds a claim on the property. Neither Form D names the lender or states the loan amount.

Debt

Financing
Leveraged. This offering reports mortgage debt on the property.

Costs and terms from the Form D

Selling commissions
$48,400 · 4.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$0 · 0.0% of offering
Form D Item 16
Broker-dealers named in the Form D
8 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Sep 26, 2022
Minimum investment
$100,000

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.

What does the SEC record show?

The paperwork is short: an initial Form D opening the raise, then a single amendment more than a year later restating the offering and its sales figures. 2 The Trust reported its first sale on September 26, 2022, and nothing has been filed with the SEC since the amendment. 2

Legal Trust name
ExchangeRight Net-Leased High LTV 1 DST
SEC CIK
1943359
First Form D
Aug 31, 2022
Latest Form D
Jan 29, 2024
Filings on record
2
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$1,210,000
$1,210,000+$1,210,000
19
EDGAR
Form D$1,210,000
$0
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 Net-Leased High LTV 1 DST?
Net-Leased High LTV 1 DST is a Historical offering. The last Form D, filed Jan 29, 2024, reports the offering fully sold.
What does "High LTV" in the name mean for an investor?
LTV is loan-to-value — the share of a property's value covered by mortgage debt. The name signals that this Trust was structured with a relatively high proportion of debt. Neither Form D states the loan amount, the lender, or the terms, so those details would have to come from the offering documents. More debt means the lender is paid before investors and holds a foreclosure claim on the property.
Does this Trust convert into a REIT at the end?
Nothing in the record indicates a 721/UPREIT exit — the structure where a DST's property is later contributed to a REIT's operating partnership in exchange for units. The Trust is recorded here as having no REIT conversion feature, so an eventual sale of the property would be the expected path unless the offering documents say otherwise.
Why does a $1.21 million offering exist at all?
Small DST offerings like this one are typically sized to a specific slice of equity — often a single property interest or a top-up alongside larger sister programs. With 19 investors on the final Form D, the average commitment sat well above the stated minimum. The filings do not explain the offering's purpose, and the offering documents are the only place that would.

Sources

Show sources (3)Hide sources (3)

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.