Three National Logistics Properties Investors DST
Industrial property · sponsored by Net Lease Capital Advisors
Three National Logistics Properties Investors DST was a DST sponsored by Net Lease Capital Advisors that owned an industrial property. Its last Form D was filed Jun 6, 2024.
How it ended
No outcome recorded · under 7 years
Last Form D filed Jun 6, 2024.
Net Lease Capital Advisors has 8 active offerings on record →
Key facts
- Minimum investment
- Not in the Form DFrom the Form D
- Offering size
- $812,108,972Equity offered, per the Form D
- Sold
- 19.6%Form D, Jun 6, 2024; the % is our arithmetic
- Investors reported
- Form D, Jun 6, 2024339
- Selling commissions
- Form D Item 15; the % is our arithmetic$3,964,907 · 0.4% 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: Three National Logistics Properties Investors DST. Top1031 is not a broker-dealer.What did the Trust own?
The Trust's name points to three logistics properties, but the public record does not deliver them: no address, no square footage, and no count of buildings appears in the entity's filings. 2 No sponsor press release, trade-press article, or marketplace listing identifying the underlying assets was located. The SEC filing classifies the offering only as "Other Real Estate"; Top1031 categorizes the asset type as industrial. 1
How was it financed, and what did it cost to sell?
No lender, loan amount, or debt terms appear in the filings, so whether the Trust used mortgage financing or bought all-cash is not established in the public record. 2
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
- $3,964,907 · 0.4% 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
- 23 named in the Form D
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Individual representatives named in Item 12 are not listed.
- Date of first sale
- Jan 13, 2023
- 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?
Net Lease Capital Advisors is a Nashua, New Hampshire firm built around single-tenant net-lease and government-occupied real estate; its website states more than $17 billion in closed transactions. A sponsor profile by Real Estate Transition Solutions lists earlier vehicles including NLCA DTW Air Cargo Logistics DST and Net-Leased Capital Advisors Government Lease Holdings DST. The Form D gives the issuer's contact address as 10 Tara Boulevard, Suite 501, Nashua. 4
- Sponsor
- Offerings on record
What does the SEC record show?
- Legal Trust name
- THREE NATIONAL LOGISTICS PROPERTIES INVESTORS DST
- SEC CIK
- 1966117
- First Form D
- Feb 16, 2023
- Latest Form D
- Jun 6, 2024
- Filings on record
- 9
- 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 | Minimum | Filing on SEC EDGAR |
|---|---|---|---|---|---|---|
| Form D/A | $812,108,972 | $159,409,867+$38,885,621 | 339+131 | $0 | EDGAR | |
| Form D/A | $812,108,972 | $120,524,246+$23,962,514 | 208+50 | $0 | EDGAR | |
| Form D/A | $812,108,972 | $96,561,732+$38,546,538 | 158+69 | $0 | EDGAR | |
| Form D/A | $812,108,972 | $58,015,194+$370,783 | 89+6 | $0 | EDGAR | |
| Form D/A | $812,108,972 | $57,644,411+$4,748,651 | 83+32 | $0was $60,000 | EDGAR | |
| Form D/A | $812,108,972 | $52,895,760+$7,241,433 | 51+26 | $60,000 | EDGAR | |
| Form D/A | $812,108,972 | $45,654,327+$3,380,229 | 25+15 | $60,000 | EDGAR | |
| Form D/A | $812,108,972 | $42,274,098+$42,274,098 | 10 | $60,000was $150,000 | EDGAR | |
| Form D | $812,108,972 | $0 | $150,000 | EDGAR |
Show all 9 SEC Form D filings
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 Three National Logistics Properties Investors DST?
- Three National Logistics Properties Investors DST is a Historical offering. Last Form D filed Jun 6, 2024.
- What properties does this Trust actually own?
- That is not public. The name implies three logistics or industrial properties, but the Form D filings for Three National Logistics Properties Investors DST disclose no property name, address, building count, square footage, or tenant, and a research run on August 29, 2026 found no sponsor release, trade-press article, or marketplace listing that identifies them. Property, lease, and debt detail of this kind would normally sit in the offering documents.
- What is the minimum investment?
- It has changed across the filings. The first Form D, filed February 16, 2023, stated a $150,000 minimum for outside investors; the February 22, 2023 amendment stated $60,000; every amendment from June 27, 2023 onward left the field blank. Anyone evaluating the Trust would need the current offering documents and subscription documents for the operative minimum.
- Why is there a law-firm page about this Trust online?
- The White Law Group, a securities law firm, published a page dated March 28, 2025 describing Three National Logistics Properties Investors DST as a Regulation D private placement sponsored by Net Lease Capital Advisors. Such investigation pages are marketing for investor-claims practices and are treated here as a secondary lead only: the August 29, 2026 research run found no primary record establishing a foreclosure, default, disposition, or other distress event at this Trust.
In the news
Sources
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These links support the record as a whole; individual details may come from different sources.
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.