Net Lease 2, DST
Net lease property — sponsored by PrimeDST
Files with the SEC as PrimeDST Net Lease 2, DST
Minimum investment
$100k
Offering size
$12.7M
How much has sold
None sold yet
Asset type
Net lease property
Location
Not stated
Financing
Not stated. The filings for this offering do not say whether it carries mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Net Lease 2, DST combines the historical SEC filing record with the cited public sources we found for the property and its outcome. Use the chapters below to see what those sources establish, then use the source list to check the underlying materials.
Show sources (1)Hide sources (1)
These links support the historical public record; 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.
How did it end?
No ending on record
No public disposition evidence found; Form D filed March 28, 2024 reported 'Yet to Sell' ($0 raised) by sponsor Matthew Rabinowitz at 18333 Preston Road Ste 500, Dallas TX, and no subsequent SEC filings or press releases have appeared.
PrimeDST Net Lease 2 DST was filed March 28, 2024 (Top1031 lists an investment date of March 15, 2024 with a reported 4.53% annual cash flow). Sponsor is PrimeDST, an affiliate of JRW Investments, based at 1055 E. Colorado Blvd., Suite 310, Pasadena, CA 91106. PrimeDST focuses on fully-leased, single-tenant, investment-grade-credit net lease properties in prime U.S. locations. The underlying property/address/tenant for this specific DST is not publicly disclosed in reviewed sources.
Supporting evidence
Who's behind it?
- Sponsor
- PrimeDST
- Legal Trust name
- PrimeDST Net Lease 2, DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 0 active / 2 total offerings from PrimeDST
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
- Form D filedFirst and latest filing on record.
- Filings on record
- 1
- 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
What happened to Net Lease 2, DST?
Top1031 lists Net Lease 2, DST as historical. It is no longer raising money.
Where does Top1031 get the data for Net Lease 2, 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.
Chapter 6PrimeDST - Net Lease 2, DST (Offering Status: Closed)JRW Investments sponsor profile page lists Net Lease 2, DST under PrimeDST as a Reviewed offering with 4.53% annual cash flow, an investment date of March 15, 2024, and an overall Offering Status of Closed.