NLC VA 14 Raleigh Healthcare DST

Healthcare property in Raleigh, NC · sponsored by Net Lease Capital Advisors

NLC VA 14 Raleigh Healthcare DST is a DST sponsored by Net Lease Capital Advisors that owns a healthcare property in Raleigh, NC. Its latest Form D, filed Jul 2, 2026, lists a $167.6 million offering with a $150,000 minimum.

Key facts

Minimum investment
$150,000
From the Form D
Offering size
$167,619,086
Equity offered, per the Form D
Sold so far
98.6%
Form D, Jul 2, 2026; the % is our arithmetic
Investors reported
13
Form D, Jul 2, 2026
Selling commissions
$706,830 · 0.4% of offering
Form D Item 15; the % is our arithmetic
Financing
Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
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 →

Sales so far

Latest Form D
Jul 2, 2026 · 4 filings
First sale
Jan 22, 2026

These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.

How we work out how much has sold

We divide the amount the sponsor reports sold by the offering size in its latest SEC filing, filed Jul 2, 2026.

  • The sponsor reports these amounts itself, and can amend them later.
  • A filing can be behind what has actually sold. It does not confirm that interests are still available.
  • The amount left to sell is the offering size minus the amount sold.
Amount sold
$165,340,605
Not yet sold
$2,278,481
Investors
13

Calculated by Top1031 from the Form D filings, not stated by the sponsor:

98.6% of $167,619,086 sold, calculated by Top1031 from the Form D

Average since first sale
about $31.2 million a month
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Ask a 1031 specialist about this recordFree. About: NLC VA 14 Raleigh Healthcare DST. Top1031 is not a broker-dealer.
City-level mapRaleigh, NC metroMap shows the city, not the exact address.

No photo on record.

What does the Trust own?

NLC VA 14 Raleigh Healthcare DST is a healthcare real estate offering reported in Raleigh, North Carolina, sponsored by Net Lease Capital Advisors. It is a Delaware statutory trust, a structure that lets investors own a fraction of a property and still use a 1031 exchange. 1 The Form D records a $167.6 million offering under Rule 506(b), the private-placement exemption. 1

Reported location
Raleigh, NC

Tenant and lease terms are not in the SEC filings or cited sources.

How have sales gone?

The sponsor’s own numbers, with the caveat in Sales so far ↑.

Share of the offering sold at each Form D filing date, calculated by Top1031 from the filed amounts
0%50%100%0%98.6%Jan 26, 2026Jul 2, 20260%50%100%0%98.6%Jan 26, 2026Jul 2, 2026

How is it financed, and what did it cost to sell?

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
$706,830 · 0.4% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$0 · 0.0% of offering
Form D Item 16
Broker-dealers named in the Form D
3 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Jan 22, 2026
Minimum investment
$150,000

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.

What does the SEC record show?

The first Form D, the notice an issuer files with the SEC after a private securities sale, came days after the January 22, 2026 first sale. 1 Later amendments updated the reported figures. Interests go to accredited investors, those meeting SEC income or net-worth tests, without public advertising.

Legal Trust name
NLC VA 14 Raleigh Healthcare DST
SEC CIK
2107101
First Form D
Jan 26, 2026
Latest Form D
Jul 2, 2026
Filings on record
4
Offered under
Rule 506(b)
General advertising and solicitation are not permitted under this exemption.

SEC Form D filings, newest first

SEC Form D filings for NLC VA 14 Raleigh Healthcare DST, newest first
FiledFormOffering amountAmount soldInvestorsFiling on SEC EDGAR
Form D/A$167,619,086
$165,340,605+$105,532,602
13+10
EDGAR
Form D/A$167,619,086
$59,808,003+$38,858,334
3+1
EDGAR
Form D/A$167,619,086
$20,949,669+$20,949,669
2
EDGAR
Form D$167,619,086
$0
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

Is NLC VA 14 Raleigh Healthcare DST an active offering?
NLC VA 14 Raleigh Healthcare DST is an Active offering: its latest Form D was filed Jul 2, 2026. A Form D filing does not by itself confirm that interests are still available; the sponsor or a registered representative can confirm what is open.
What kind of property is behind this Trust?
It is classified as a healthcare deal associated with Raleigh, North Carolina, a location drawn from the trust's legal name. Net Lease Capital Advisors' 1031 program concentrates on net-leased buildings with investment-grade and government tenants. Property-level detail such as the address, the tenant and the lease terms travels in the offering documents.
What is the minimum investment?
Every Form D filed for this Trust, including the amendment dated July 2, 2026, states a $150,000 minimum investment from an outside investor. Sponsors can set different minimums for particular investors, and the subscription agreement governs the amount actually accepted.
Who is the sponsor, and how large is its program?
Net Lease Capital Advisors sponsors the Trust from Nashua, New Hampshire. Its 1031 program focuses on net-leased real estate with investment-grade and government tenants, and the sponsor row on this page shows 8 active and 25 total offerings carried under its name.
Can this Trust convert into a REIT through a 721 exchange?
No REIT conversion is recorded for this Trust. A 721 or UPREIT exit is the arrangement in which a DST's property is later contributed to a REIT's operating partnership in exchange for REIT units, and the record marks this Trust as not converting to a REIT.
How is the offering structured under securities law?
The securities offered are beneficial interests in a Delaware statutory trust, sold under Rule 506(b), the private-placement exemption that bars general solicitation and public advertising. The SEC filings report a $167.6 million offering amount and a first sale dated January 22, 2026.

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.