Top1031

FC EUCLID OH INVESTORS DST

Other property — sponsored by Net Lease Capital Advisors

Minimum investment
Not stated
Offering size
$26.0M
How much has sold
83.0%
Asset type
Other property
Location
Not stated
Financing
Not stated. The filings for this offering do not say whether it carries mortgage debt.

Sponsor-reported, from SEC filings and cited sources.

Chapter 1

What is this, in one paragraph?

FC Euclid OH Investors DST is a Delaware statutory trust — a passive ownership vehicle whose interests can be used in a 1031 exchange — organized in 2019 and sponsored by Net Lease Capital Advisors.1 Its latest Form D reports a $26.04 million total offering of beneficial interests placed privately with accredited investors.5 No amendment has been filed since November 19, 2020, and the Ohio property is not publicly identified.

Show sources (12)Hide sources (12)

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.

Chapter 2

What exactly is the property?

Public filings do not settle what this Trust owns. The Form D classifies the issuer's business only as "Other Real Estate" and gives no property address.3 In its place, the filing lists the sponsor's Nashua, New Hampshire office.2 The name points to Euclid, Ohio, but research located no filing, sponsor document, or news report identifying a building, tenant, or acquisition there.

Chapter 3

How did it end?

What happened

No ending on record

No public full-cycle, sale, foreclosure, or UPREIT conversion announcement naming the FC EUCLID OH INVESTORS DST (CIK 1796183, ~$7.0M offering, c/o Net Lease Capital Advisors, Nashua, NH) or a matching single-tenant retail property was located.

Form D filed by FC Euclid OH Investors DST; related person First Capital Funding c/o Net Lease Capital Advisors, Inc. at 10 Tara Boulevard, Suite 501. Sponsor address is in the greater Wilmington, DE area, not the Euclid, OH property location. The specific Euclid, OH property held by the trust was not publicly identified in news coverage or DST offering materials available during research.

Supporting evidence
Chapter 5

What does the paperwork say?

The amendment history reads mostly as a subscription log, with one mid-2020 amendment lowering the stated offering total before the final filing restored it. The Trust was placed privately rather than by public advertising, meaning the sponsor relied on pre-existing relationships with accredited investors — buyers meeting SEC income or net-worth tests.

  1. First Form D filedThe public offering record begins.
  2. Offering amount recordedA Form D amendment recorded offering and sales totals.
  3. Filing record updatedA later amendment updated the sponsor’s filing record.
  4. Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
Filings on record
8
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.

Chapter 6

Common questions

What happened to FC EUCLID OH INVESTORS DST?

Top1031 lists FC EUCLID OH INVESTORS DST as historical. It is no longer raising money.

Where does Top1031 get the data for FC EUCLID OH INVESTORS 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.

What property does this Trust actually own?

Public records do not say. The Form D classifies the issuer's business only as "Other Real Estate" and lists the sponsor's Nashua, New Hampshire office instead of a property address. The trust name suggests Euclid, Ohio, but research found no filing, sponsor material, or news report naming a building, tenant, or acquisition. The Private Placement Memorandum (PPM) — the sponsor's full offering document — is where the asset would be identified.

Can I still invest in this Trust?

Treat that as unresolved. The most recent Form D amendment on record was filed November 19, 2020, and research through August 18, 2026 verified no later amendment. Separately, JRW Investments' sponsor page listed FC Euclid OH Investors in a row dated December 1, 2019 carrying a "Closed" offering-status label, though that page also displays a generic open-offerings message, so it is not a current status determination. Confirm availability directly with the sponsor or your broker-dealer.

Who is Net Lease Capital Advisors?

It is the sponsor of this Trust, with its principal office at 10 Tara Boulevard, Suite 501, Nashua, New Hampshire. Top1031 tracks 6 active / 20 total offerings from Net Lease Capital Advisors. The Trust's Form D names Douglas F. Blough and Bruce S. MacDonald as the issuer's executive officers.

Has anything adverse been reported about this Trust?

On May 22, 2025, The White Law Group published an investor-alert page stating that it was investigating potential claims against brokerage firms concerning FC Euclid OH Investors DST. That page identifies no specific complaint, enforcement action, arbitration award, or judgment, and research located no primary record substantiating an adverse legal or regulatory event involving the Trust.

Is the Trust leveraged?

Form D does not report debt, and no public source located in research establishes property-level financing, loan terms, or loan-to-value for this Trust. Leverage, lender identity, maturity, and any master lease arrangement would be described in the PPM and the loan documents.

What does the Delaware statutory trust structure mean for a 1031 exchange?

A DST holds title to real estate, and the IRS treats a beneficial interest in a qualifying DST as replacement property for a 1031 exchange, so an exchanger can defer capital gains tax. The trade-off is passivity: investors have no say in management, leasing, financing, or sale timing, and interests are illiquid with no established resale market.