Top1031

VA LV NW DST

Net lease medical outpatient property · sponsored by Net Lease Capital Advisors

HistoricalLast Form D filed Feb 10, 2023 (opens in a new tab)

VA LV NW DST was a DST sponsored by Net Lease Capital Advisors that owned a net lease medical outpatient property. Its last Form D was filed Feb 10, 2023.

How it ended

No outcome recorded · under 7 years

Last Form D filed Feb 10, 2023.

Net Lease Capital Advisors has 8 active offerings on record →

Key facts

Minimum investment
$61,000
From the Form D
Offering size
$11,555,556
Equity offered, per the Form D
Sold
86.7%
Form D, Feb 10, 2023; the % is our arithmetic
Investors reported
22
Form D, Feb 10, 2023
Selling commissions
$941,980 · 8.1% 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.
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: VA LV NW DST. Top1031 is not a broker-dealer.

What did VA LV NW DST own?

SEC filings for this Trust name no building; the Form D classifies the issuer only under Other Real Estate. As of August 27, 2026, no public record establishes when the Trust acquired that real estate, from whom, or at what price.

Property size
Portfolio of 2 VA outpatient clinic properties; ~160,688 SF total (VA – NW Las Vegas: 35,187 SF; VA – Eugene: 125,501 SF)

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

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

Form D has no field for debt, and no lender, loan balance, or loan-to-value figure for this Trust appears anywhere in the public record. Whether the Offering is leveraged or all-cash is a question for the offering documents and for the sponsor directly.

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
$941,980 · 8.1% 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
8 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Nov 2, 2022
Minimum investment
$61,000

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?

Legal Trust name
VA LV NW DST
SEC CIK
1951456
First Form D
Oct 25, 2022
Latest Form D
Feb 10, 2023
Filings on record
3
Offered under
Rule 506(b)
General advertising and solicitation are not permitted under this exemption.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount soldInvestors
Form D/A$11,555,556
$10,020,898+$1,231,075
22+4
EDGAR
Form D (new notice)$11,555,556
$8,789,823
18
EDGAR
Form D$11,555,556
$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

What happened to VA LV NW DST?
VA LV NW DST is a Historical offering. Last Form D filed Feb 10, 2023.
What was the minimum investment?
The February 10, 2023 amended Form D lists a minimum investment of $61,000 from any outside investor. DST minimums are set by the sponsor and stated in the offering documents; they can change between filings, and the amount an exchanger actually needs is usually driven by the debt and equity they must replace.
Is there any litigation or regulatory action tied to this Trust?
On August 1, 2025, the law firm White Securities Law published a page announcing an investigation into broker-dealer recommendations of the Net Lease VA LV NW DST on behalf of investors who reported losses, citing the Form D filed December 19, 2022 and its $11,555,556 offering amount.
Can this Trust convert into a REIT?
The record here shows no 721/UPREIT feature — that is, no mechanism for exchanging beneficial interests into operating-partnership units of a REIT at the end of the hold. Investors in a DST without that feature generally look to a sale of the property and a subsequent 1031 exchange as the exit path, subject to whatever the trust agreement and offering documents provide.

In the news

Sources

Show sources (9)Hide sources (9)

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.