Top1031

Net-Leased High LTV 2 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 2 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
$2,600,000
Equity offered, per the Form D
Sold
100%
Form D, Jan 29, 2024; the % is our arithmetic
Investors reported
16
Form D, Jan 29, 2024
Selling commissions
$104,000 · 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 2 DST. Top1031 is not a broker-dealer.

What did Net-Leased High LTV 2 DST own?

ExchangeRight's "High LTV" line pairs net-leased portfolios with higher loan-to-value debt to help 1031 exchangers match the mortgage debt they gave up on the property they sold. Neither of this Trust's two Form D filings nor any located sponsor material identifies the buildings behind it — no addresses, no square footage, no acquisition date. Until a filing or the sponsor discloses them, this chapter stays empty.

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 is leveraged: it carries mortgage debt alongside investor equity, which is what allows an exchanger to replace debt as well as equity. The "High LTV" label marks it as a line built around debt at a higher share of value than ExchangeRight's standard offerings. No lender or loan terms appear in the filings.

Debt

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

Costs and terms from the Form D

Selling commissions
$104,000 · 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
7 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Dec 5, 2023
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?

Two filings tell the story: an initial Form D noticing a Rule 506(b) offering — sold privately to accredited investors, with no general advertising — and a single amendment. That amendment dated the first sale December 5, 2023, more than a year after the initial notice, and stated the offering was not intended to last more than one year. 2

Legal Trust name
ExchangeRight Net-Leased High LTV 2 DST
SEC CIK
1953493
First Form D
Nov 18, 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$2,600,000
$2,600,000+$2,600,000
16
EDGAR
Form D$2,600,000
$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 2 DST?
Net-Leased High LTV 2 DST is a Historical offering. The last Form D, filed Jan 29, 2024, reports the offering fully sold.
What properties does this Trust actually own?
The public record does not say. Form D filings disclose securities terms, not real estate, and neither the November 18, 2022 notice nor the January 29, 2024 amendment names a property, address, or tenant. No sponsor press release or portfolio page for this specific Trust was located in research run on August 27, 2026. The Trust is categorized as net lease based on its name and ExchangeRight's product line.
What does "High LTV" mean in the name?
LTV is loan-to-value — the share of a property's value funded by mortgage debt. ExchangeRight's High LTV series uses higher leverage than its standard net-lease programs, which matters in a 1031 exchange because an exchanger generally has to replace the debt that was paid off on the property they sold, not just the equity. Higher leverage also raises risk if property income falls.
Has the Trust sold its property or gone full cycle?
No outcome has been reported. Similarly named ExchangeRight trusts were excluded from that search, so results reported for those offerings do not describe this one.
Does this Trust have a 721/UPREIT exit?
The record shows no 721 exchange feature. A 721 or UPREIT exit is a structure where investors contribute their interests to a REIT's operating partnership at the end of the hold, converting into REIT units instead of taking cash.

Sources

Show sources (6)Hide sources (6)

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.