Government Lease Holdings 2 portfolio

Top1031 lists Government Lease Holdings 2 portfolio as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.

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.

Two federally leased buildings, according to the sponsor's executive summary dated February 2026: the U.S. Citizenship and Immigration Services headquarters at 5900 Capital Gateway Drive in Camp Springs, Maryland (574,767 rentable square feet on 10.71 acres, described as constructed in 2020, with 1,770 parking spaces) and a VA clinic at 1695 Kernersville Medical Parkway in Kernersville, North Carolina (353,238 rentable square feet on 39.26 acres, described as a 2015 build-to-suit, with 1,914 parking spaces). The SEC Form D filings identify the issuer and the offering economics but do not name the properties, tenants, leases, or debt, so the property identifications are sponsor-reported. No source reviewed states when the Trust acquired either building or what it paid.

The U.S. General Services Administration is the lessee at both properties, according to the sponsor's February 2026 executive summary, with USCIS occupying the Camp Springs building and the Department of Veterans Affairs occupying the Kernersville clinic. Rent obligations therefore sit with a federal leasing agency rather than a private corporate tenant, subject to the government's own termination, renewal, and appropriation rights. The public record reviewed does not settle whether these are full-service, modified-gross, or net leases — the lease exhibits and summaries in the PPM, the private placement memorandum that serves as the offering's full disclosure document, govern.

The sponsor reports that the GSA lease covering Kernersville commenced December 11, 2015 and expires December 10, 2035, and that the GSA lease covering Camp Springs commenced January 17, 2020 and expires January 16, 2035, with one seven-year renewal option. Whether that renewal option has been exercised is not established by any source reviewed. All of these dates are sponsor-reported; the lease documents attached to the PPM control. A separate 2017 GSA announcement described the new USCIS headquarters lease as a 15-year commitment.

Yes. The sponsor's February 2026 executive summary reports total offering debt of $227,745,000, an all-in offering size of $402,397,396 against a maximum equity raise of $174,652,396, and 56.60% offering loan-to-value. The Form D filings do not address leverage at all, so the loan documents and the debt section of the PPM control. Lender identities, individual loan balances, interest rates, and maturity dates are not established by any source reviewed for this update.

The most recent SEC filing on record is a Form D amendment filed October 27, 2025, and no filing on record reports a closing, so the Trust is treated here as still raising. Research through September 1, 2026 located no later Form D amendment and no source that independently confirms current availability. One marketplace listing for the offering showed a separate $7,000,000 allocation that closed June 30, 2025, which is a listing figure rather than an SEC filing figure. Confirm current availability with the sponsor or your own representative before relying on any of it.

No 721/UPREIT exit appears in the record — that is the structure in which a DST's property is later contributed to a REIT's operating partnership in exchange for units, converting real estate into securities. Investors here would look to a property-level outcome instead, and the exit provisions described in the PPM control. The Trust is offered under Rule 506(c), the Regulation D exemption that permits public advertising provided the issuer verifies accredited status, with a $100,000 minimum outside investment reported in the Form D amendment filed October 27, 2025.