Is USCIS Headquarters - One Town Center an active DST offering?

USCIS Headquarters - One Town Center is classified by Top1031 as an active offering. Active does not confirm that interests remain available.

Where does the data for USCIS Headquarters - One Town Center come from?

Top1031 tracks USCIS Headquarters - One Town Center from SEC Form D filings and cited sponsor disclosures.

USCIS Headquarters - One Town Center

Legal trust name GSA CIS CAMP SPRINGS DST

RaisingOffice

Offering size$295.0M

Asset typeOffice

LocationCamp Springs, MD

FinancingNot disclosed

Regulation D exemptionRule 506(c)

Sponsor-reported potential 721/UPREIT exitNo

First filedDec 13, 2022

Last filedAug 8, 2025

Minimum$100k

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.

GSA CIS Camp Springs DST, marketed as USCIS Headquarters – One Town Center, holds a single office asset at One Capital Gateway Drive in Camp Springs, Maryland—a 574,767-rentable-square-foot building leased to U.S. Citizenship and Immigration Services. The federal tenant occupies the property under a 15-year GSA lease signed in August 2017 that consolidated USCIS headquarters operations from multiple prior locations. Net Lease Capital Advisors LLC of Nashua, New Hampshire sponsors the Delaware statutory trust, with Douglas F. Blough and Bruce S. MacDonald serving as trustees. The building stands across from the Branch Avenue Metro Green Line station in Prince George's County.

USCIS Headquarters - One Town Center property

Sponsor Net Lease Capital; GSA 15-yr lease to USCIS HQ; min $100k; $177.5M/$295M sold as of 8/25 D/A

574,767 RSF

5900 Capital Gateway Dr (One Town Center), Camp Springs, MDAddress matched to a cited source

Form D raise progress
About Form D raise progress
Top1031 compares the amount reported sold with the stated offering amount in issuer-filed Form D notices through Aug 8, 2025.
Amounts are self-reported by the issuer and may be amended.
Filings can lag current subscriptions and do not confirm that interests remain available.
A Form D notice does not mean the SEC approved, endorsed, or verified the offering.
Latest Form D filed Aug 8, 2025

Based on issuer-filed Form D notices through Aug 8, 2025. Amounts are self-reported, may lag current subscriptions, and do not confirm availability. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.

Reported sold as a percentage of stated offering amount60.0%

Capital sold, per latest Form D$177,512,817

Remaining amount reported in latest Form D$117,487,183

Investor count reported in latest Form D295

Stated minimum investment$100,000

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SEC filing recordMatched to public SEC filings

First filedDec 13, 2022

Latest filingAug 8, 2025

Filings tracked15

View filing on SEC EDGAR

Form D is an issuer notice filing. A filing does not mean the SEC approved, endorsed, or verified the offering.

Offering profile

SEC filings + cited sourcesUpdated Jul 13, 2026

Property and tenant

The trust owns a single office asset: the USCIS headquarters at One Town Center, One Capital Gateway Drive, Camp Springs, Maryland 20746, totaling 574,767 rentable square feet ⁴. U.S. Citizenship and Immigration Services occupies the building under a 15-year GSA lease signed in August 2017, an agreement that consolidated the agency's headquarters from five prior leased locations and one federally owned asset ³. Designed by Powers Brown Architecture, the building features interior curtain-wall courtyards and ribbon windows and sits across from the Branch Avenue Metro Green Line station in Prince George's County ⁵.

Lease economics

The 2017 GSA/USCIS announcement stated the lease would generate roughly $21.4 million in first-year annualized savings against prior leases while reducing the agency's footprint by about 128,000 rentable square feet ³.

Sponsor and structure

Net Lease Capital Advisors LLC, based in Nashua, New Hampshire, is the sponsor of record, with Douglas F. Blough and Bruce S. MacDonald identified as the trust's executive officers and trustees ¹. A broker-affiliated marketing page lists leverage on the DST at 22.64%, a sponsor-reported figure not confirmed by audited filing ⁶.

Offering record

An issuer-filed Form D/A dated August 8, 2025 reported a total offering amount of $295 million with $177,512,817 sold as of that date ¹. Top1031's structured record, derived from filings first made December 13, 2022 and last amended August 8, 2025, classifies the offering at approximately 60% sold; this reflects filing data, not current availability ².

Sources (6)

In the news

Oct 31, 2017Groundbreaking for USCIS consolidated headquarters in MarylandCoverage of the groundbreaking ceremony for the USCIS consolidated headquarters at One Town Center in Camp Springs, MD, the GSA-leased 15-year property underlying the GSA CIS Camp Springs DST.

Federal News Network ↗

Sep 14, 2017Big new federal headquarters coming to Camp SpringsLocal coverage of the planned USCIS federal headquarters building at One Town Center on One Capital Gateway Drive in Camp Springs — the underlying GSA-leased asset of the GSA CIS Camp Springs DST.

Southern Maryland News (SoMD News) ↗

Aug 31, 2017GSA announces new lease agreement for U.S. Citizenship and Immigration Services in Camp Springs, MDUSCIS announcement that GSA signed a 15-year lease consolidating USCIS headquarters into 574,767 RSF at One Town Center, One Capital Gateway Drive, Camp Springs, MD — the underlying property of the GSA CIS Camp Springs DST.

U.S. Citizenship and Immigration Services (USCIS) ↗

Frequently asked questions

Is USCIS Headquarters - One Town Center currently active?

USCIS Headquarters - One Town Center is classified by Top1031 as active. “Active” reflects the latest public record and does not confirm that interests remain available.

Where does Top1031 get the data for USCIS Headquarters - One Town Center?

Top1031 tracks this offering from SEC Form D filings and cited sponsor disclosures. Filing data may lag current subscriptions and does not mean the SEC approved or verified the offering.