Heartland Payment Systems Corporate Headquarters
Office property in Oklahoma City, OK · sponsored by Net Lease Capital Advisors
Heartland Payment Systems Corporate Headquarters was a DST sponsored by Net Lease Capital Advisors that owned an office property in Oklahoma City, OK (111,500 sq ft). Its last Form D was filed Jun 21, 2021.
How it ended
No outcome recorded · under 7 years
Last Form D filed Jun 21, 2021.
Net Lease Capital Advisors has 8 active offerings on record →
Key facts
- Minimum investment
- Not in the Form DFrom the Form D
- Offering size
- $29,484,204Equity offered, per the Form D
- Sold
- 38.2%Form D, Jun 21, 2021; the % is our arithmetic
- Investors reported
- Form D, Jun 21, 202116
- Selling commissions
- Form D Item 15; the % is our arithmetic$0 · 0.0% of offering
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.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: Heartland Payment Systems Corporate Headquarters. Top1031 is not a broker-dealer.What did the Trust own?
The property is a seven-story Class A office building at 616 N Broadway Ave. in downtown Oklahoma City, built to suit Heartland Payment Systems and completed in 2020. 1 Syndicated Equities, an affiliated firm, announced on October 12, 2022 that it had acquired the headquarters for $46.97 million and structured the ownership as a Delaware statutory trust for 1031-exchange investors. 2
- Reported location
- Oklahoma City, OK
- Property size
- 111,500 sq ft
How was it financed, and what did it cost to sell?
A Form D reports equity raised, not debt, so this Trust's filings say nothing about a mortgage. No lender, loan amount, or loan-to-value figure appears in the public materials reviewed for this record, and the leverage status is therefore not established here.
Debt
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
Costs and terms from the Form D
- Selling commissions
- $0 · 0.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $0 · 0.0% of offeringForm D Item 16
- Broker-dealers named in the Form D
- None named in the Form D
- Date of first sale
- Mar 15, 2021
- Minimum investment
- Not in the Form D
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.
Who's behind the Trust?
The sponsor is a net-lease real estate firm based in Nashua, New Hampshire; the Form D/A lists the issuer c/o Net Lease Capital Advisors, Inc. at 10 Tara Boulevard, Suite 501, and names Douglas F. Blough and Bruce S. MacDonald as executive officers, with MacDonald signing as president. 3 Affiliated firm Syndicated Equities announced the Oklahoma City acquisition on October 12, 2022. 2 The White Law Group published a lawsuit-investigation page naming this Trust on May 3, 2025. 6
- Sponsor
- Offerings on record
What does the SEC record show?
The Trust was organized in Delaware in 2020, and the Form D/A reports a first sale of interests on March 15, 2021. 3 The amendment updated the amount sold and the investor count while leaving the total offering amount unchanged. 3
- Legal Trust name
- FC OKLAHOMA CITY OK INVESTORS DST
- SEC CIK
- 1852737
- First Form D
- Mar 25, 2021
- Latest Form D
- Jun 21, 2021
- Filings on record
- 2
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D/A | $29,484,204 | $11,276,164+$5,713,776 | 16+1 | EDGAR | |
| Form D | $29,484,204 | $5,562,388 | 15 | 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 Heartland Payment Systems Corporate Headquarters?
- Heartland Payment Systems Corporate Headquarters is a Historical offering. Last Form D filed Jun 21, 2021.
- What exactly am I buying an interest in?
- A beneficial interest in FC Oklahoma City OK Investors DST, a Delaware statutory trust organized in 2020 and sponsored by Net Lease Capital Advisors. The trust's asset is a Class A office building at 616 N Broadway Ave. in downtown Oklahoma City, built to suit Heartland Payment Systems and completed in 2020. A DST holds title to the real estate; investors hold passive fractional interests that can qualify as replacement property in a 1031 exchange.
- Who is the tenant?
- Heartland Payment Systems, which the sponsor describes as occupying the building as its corporate headquarters under a 100% net lease. Heartland now operates under the Global Payments brand. The public filings reviewed for this record do not disclose the lease term, rent, escalations, or expiration date.
- Is Heartland still occupying the building today?
- That is not established by the sources here. The Oklahoman reported in October 2022 that Heartland fully occupied the building and would continue leasing space there. A broker leasing page for the Heartland Building lists availabilities on the second floor and elsewhere, but that page is undated and does not itself show that Heartland vacated or that the headquarters lease ended.
- How much debt is on the property?
- Unknown from public sources. Form D filings do not require disclosure of mortgage debt, and no lender, loan balance, maturity, or loan-to-value figure surfaced in the reporting or sponsor materials reviewed for this record. Those terms, if any, would be described in the offering documents.
- Why is there a 2021 offering but a 2022 acquisition date?
- The Trust filed its first Form D on March 25, 2021 and reported a first sale of interests on March 15, 2021. The purchase of the Oklahoma City headquarters for $46.97 million was reported by The Oklahoman on October 6, 2022 and announced by Syndicated Equities on October 12, 2022. The public record does not explain the gap between the two dates.
- What is the White Law Group page about this trust?
- The White Law Group, a securities law firm, published a page on May 3, 2025 titled as a lawsuit investigation into FC Oklahoma City OK Investors DST, discussing potential claims against brokerage firms that recommended the investment. An investigation page is a solicitation by a law firm, not a court finding; no foreclosure docket, judgment, deed, or arbitration award corroborating an adverse outcome was located for this record.
In the news
Sources
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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.