Top1031

National Net Lease Portfolio II DST

sponsored by Inland Private Capital

HistoricalLast Form D, filed Aug 20, 2013, reports the offering fully sold (opens in a new tab)

National Net Lease Portfolio II DST, sponsored by Inland Private Capital, filed its first Form D with the SEC on Jul 10, 2012 for a $30.3 million offering. Its last Form D, filed Aug 20, 2013, reports the offering fully sold.

How it ended

No public outcome found

The last Form D, filed Aug 20, 2013, reports the offering fully sold.

Inland Private Capital has 8 active offerings on record →

Key facts

Minimum investment
$100,000
From the Form D
Offering size
$30,351,220
Equity offered, per the Form D
Sold
100%
Form D, Aug 20, 2013; the % is our arithmetic
Investors reported
94
Form D, Aug 20, 2013
Selling commissions
$2,124,585 · 6.9% 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: National Net Lease Portfolio II DST. Top1031 is not a broker-dealer.

What did the Trust own?

National Net Lease Portfolio II DST is a Delaware Statutory Trust — a passive co-ownership vehicle a 1031 exchanger can buy into — sponsored by Inland Private Capital. Its Form D filings run from July 2012 to August 2013, when the raise ended, so the Trust is Historical: closed to new investors. Public filings never name the properties, tenants, lease terms, or financing.

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

Debt

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

Costs and terms from the Form D

Selling commissions
$2,124,585 · 6.9% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$2,535,318 · 8.3% of offering
Form D Item 16
Broker-dealers named in the Form D
28 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Jun 25, 2012
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. The issuer marked these amounts as an estimate.

What does the SEC record show?

Interests were offered under Rule 506(b), the private-placement route that bars general advertising and limits sales to accredited investors reached through existing relationships and broker-dealers. Each amendment did one job: update the running sales total and investor count. The filings record a first sale date of June 25, 2012. 2

Legal Trust name
National Net Lease Portfolio II DST
SEC CIK
1552217
First Form D
Jul 10, 2012
Latest Form D
Aug 20, 2013
Filings on record
13
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$30,351,220
$30,351,220+$636,774
94+5
EDGAR
Form D/A$30,351,220
$29,714,446+$1,356,377
89+8
EDGAR
Form D/A$30,351,220
$28,358,069+$4,420,865
81+11
EDGAR
Form D/A$30,351,220
$23,937,204+$4,658,004
70+12
EDGAR
Form D/A$30,351,220
$19,279,200+$6,317,465
58+11
EDGAR
Form D/A$30,351,220
$12,961,735+$2,944,510
47+12
EDGAR
Form D/A$30,351,220
$10,017,225+$1,296,515
35+6
EDGAR
Form D/A$30,351,220
$8,720,710+$1,497,314
29+4
EDGAR
Form D/A$30,351,220
$7,223,396+$1,143,207
25+5
EDGAR
Form D/A$30,351,220
$6,080,189+$845,475
20+6
EDGAR
Form D/A$30,351,220
$5,234,714+$1,481,571
14+6
EDGAR
Form D/A$30,351,220
$3,753,143+$1,876,119
8+4
EDGAR
Form D$30,351,220
$1,877,024
4
EDGAR
Show all 13 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 National Net Lease Portfolio II DST?
National Net Lease Portfolio II DST is a Historical offering. The last Form D, filed Aug 20, 2013, reports the offering fully sold.
What property does this Trust own?
Public records do not say. The SEC filings for CIK 1552217 disclose no address, property name, square footage, or portfolio schedule, and no sponsor page or offering document identifying the assets was located as of August 18, 2026. Only the offering documents and the sponsor can settle it.
Who is the tenant, and is the lease triple-net?
Not disclosed in any public source located. The Trust's name points to net-leased real estate, but no filing identifies tenants, lease terms, or who carries taxes, insurance, and maintenance. Treat tenant and lease facts as unresolved until you read the offering documents.
Did investors get their money back?
No outcome has been reported in any source located. Form D filings stop at the close of the raise and report nothing afterward.

Sources

Show sources (2)Hide sources (2)

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.