National Net Lease Portfolio II DST
Net lease property — sponsored by Inland Private Capital
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
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.
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These links support the historical public record; 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.
How did it end?
No ending on record
No evidence of a full-cycle sale, partial sale, 721/UPREIT conversion, foreclosure, or continued operation was located for National Net Lease Portfolio II DST within available research.
No qualifying public sponsor/property page, offering document, exact address, property name, size, photo or dated news article was located for this trust; later Inland Portfolio III/VII and unrelated AEI results were excluded as different offerings.
Who's behind it?
The issuer is a Delaware trust with a mailing address at 2901 Butterfield Road, Oak Brook, Illinois — the Inland organization's longtime headquarters address.1 The Trust's own Form D/A names Inland Private Capital Corporation as a promoter, alongside National Net Lease Portfolio II, L.L.C. and National Net Lease Portfolio II Exchange, L.L.C., the affiliated entities that sat around the trust structure.2 No dated 2024–2026 development tied specifically to this Trust was located.
- Sponsor
- Inland Private Capital
- Legal Trust name
- National Net Lease Portfolio II DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 8 active / 79 total offerings from Inland Private Capital
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
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
- 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
- 13
- 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
What happened to National Net Lease Portfolio II DST?
Top1031 lists National Net Lease Portfolio II DST as historical. It is no longer raising money.
Where does Top1031 get the data for National Net Lease Portfolio II DST?
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.
Can I still invest in National Net Lease Portfolio II DST?
No. The Trust is Historical — closed to new investors. Its final Form D amendment was filed August 20, 2013, and no later filing reopens the offering. Any 1031 exchange today would need a currently offered Trust, not this one.
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 PPM 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 PPM.
What does Rule 506(b) mean for this offering?
506(b) is the private-placement exemption that let the sponsor sell without registering with the SEC, on the condition that it did not advertise publicly. Interests went to accredited investors — broadly, those meeting SEC income or net-worth tests — typically introduced by broker-dealers.
Did investors get their money back?
No outcome has been reported in any source located. As of August 18, 2026, research found no sale, refinancing, foreclosure, or 721/UPREIT conversion — a swap of DST interests for operating-partnership units in a REIT — recorded for this Trust. Form D filings stop at the close of the raise and report nothing afterward.