NLC VA 14 Raleigh Healthcare DST
Healthcare (trust name indicates VA-series healthcare deal in Raleigh; NLC specializes in government/investment-grade net lease) property in Raleigh, NC — sponsored by Net Lease Capital Advisors
Minimum investment
$150k
Offering size
$167.6M
How much has sold
99.0%
Asset type
Healthcare (trust name indicates VA-series healthcare deal in Raleigh; NLC specializes in government/investment-grade net lease) property
Location
Raleigh, NC
Financing
All cash. This offering reports no mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
NLC VA 14 Raleigh Healthcare DST is a Delaware statutory trust — fractional real estate ownership that can qualify for 1031 exchange treatment — sponsored by Net Lease Capital Advisors.1 Its Form D filings name no building, tenant, or lease. Interests go to accredited investors — those meeting SEC income or net-worth tests — under Rule 506(b), the private-placement exemption that bars public advertising.1
Min $150k; $165.3M sold of $167.6M, $2.28M remaining (Form D/A 7/2/26); first sale 1/22/26; city from trust name only, NC inferred; street address not public (506b)
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These links support the public record as a whole; 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.
What exactly is the property?
Public filings do not say what this Trust owns. The Form D notices carry no street address, square footage, tenant, or purchase price, and a Rule 506(b) private offering need not publish any of it. Research through August 23, 2026 found no issuer, sponsor, or government record tying the Trust to a specific building. The asset is described only in the Private Placement Memorandum (PPM), the private offering document given to prospective investors.
- Reported location
- Raleigh, NC
Who is the tenant, and what's the lease?
No tenant or lease terms appear anywhere in the Trust's SEC filings; Form D does not ask for them. The name points to a healthcare use, but the occupant's identity, the rent, and whether the lease is triple-net — the tenant paying taxes, insurance, and maintenance — are settled only in the PPM.
How are sales going?
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
99.0% reported sold
- Amount sold
- $165,340,605
- Still available
- $2,278,481
- Investors reported
- 13
- Total offering
- $167,619,086
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How is it financed, and what does it pay?
The filings do not say whether the Trust carries mortgage debt or bought all-cash, and no lender is named. A Form D reports offering size and sales and nothing about the capital stack, so leverage, loan terms, and any reserves come from the PPM alone.
Who's behind it?
The sponsor runs this Trust from 10 Tara Boulevard, Suite 501, in Nashua, New Hampshire, the address the issuer gives as its principal place of business.1 Its 1031 program centers on net-leased, investment-grade and government-tenanted real estate, and the "VA 14" in the legal name marks this as one entry in a numbered series. No corporate or property-level news naming this Trust surfaced in research through August 23, 2026.
- Sponsor
- Net Lease Capital Advisors
- Legal Trust name
- NLC VA 14 Raleigh Healthcare DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 8 active / 22 total offerings from Net Lease Capital Advisors
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The first Form D — the short notice an issuer files with the SEC after selling securities in a private placement — came days after the January 22, 2026 first sale, and later amendments updated the reported sales totals.1 Nothing in the record describes the property or the tenant; Form D never requires it.
- 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
- 4
- 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
Is NLC VA 14 Raleigh Healthcare DST still raising money?
Top1031 lists NLC VA 14 Raleigh Healthcare DST as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.
Where does Top1031 get the data for NLC VA 14 Raleigh Healthcare 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?
The SEC filings never say. They report the offering amount, sales, the exemption used, and the sponsor's contact address, and nothing about the real estate. The VA's own location page, dated June 17, 2026, describes the Garner VA Clinic at 2700 Benson Road in Garner, in the Raleigh area, as an open 240,000-square-foot outpatient facility consolidating the former Raleigh I, II, and III clinics, and The Carolinian Newspaper covered that clinic's ribbon-cutting in an article dated July 27, 2026 — but neither names this Trust or Net Lease Capital Advisors. No issuer, sponsor, or government record located in research links the two, so treat the property identity as unresolved until the PPM and title documents confirm it.
Is the offering still open?
The most recent amendment, filed July 2, 2026, reports the offering as ongoing under Rule 506(b), and the sales figures reported to the SEC appear in the rows on this page. A Form D reflects only the day it was filed, so subscriptions can close without a new filing. The sponsor or your own representative can confirm current availability.
What is the minimum investment?
Every Form D filed for this Trust to date states a $150,000 minimum for outside investors. Sponsors can waive or raise minimums for particular investors, so the PPM and subscription agreement control what you can actually buy.
Can this Trust roll into a REIT later through a 721 exchange?
Nothing in the filings indicates an UPREIT or 721 exchange feature — the arrangement in which a DST's property is later contributed to a REIT's operating partnership in exchange for REIT units. This page records no REIT conversion path. If an exit route matters to you, confirm in the PPM how a sale or refinancing would be handled.
Why can't I find the address or lease online?
Because the offering uses Rule 506(b), which bars general solicitation and public advertising. The sponsor markets through existing relationships and broker-dealer channels, and property-level detail — address, tenant, lease, debt — travels in the PPM delivered to accredited investors rather than in public filings.
Chapter 9Ribbon Cut on Garner VA Clinic, Now Largest Outpatient FacilityLocal newspaper coverage of the ribbon-cutting ceremony for the Garner VA Clinic (VA Raleigh Community Based Outpatient Clinic) in Garner, NC, the VA's largest outpatient facility at over 240,000 square feet, reporting on the property without naming the NLC VA 14 DST or Net Lease Capital Advisors. Garner VA ClinicThe VA's official location page confirms the Garner VA Clinic at 2700 Benson Road in Garner, NC (Wake County, Raleigh area) is a fully operational 240,000-square-foot outpatient facility consolidating the Raleigh I, II, and III clinics and expanding specialty care for Veterans in central North Carolina.