PrimeDST Net Lease 1, DST
sponsored by PrimeDST
PrimeDST Net Lease 1, DST, sponsored by PrimeDST, filed its first Form D with the SEC on Jul 26, 2023 for a $25.2 million offering. Its last Form D was filed Jul 26, 2023.
How it ended
Last Form D filed Jul 26, 2023.
Key facts
- Minimum investment
- $100,000From the Form D
- Offering size
- $25,256,823Equity offered, per the Form D
- Sold
- $0Form D, Jul 26, 2023
- Investors reported
- Form D, Jul 26, 20230
- Selling commissions
- Form D Item 15; the % is our arithmetic$2,273,114 · 8.9% of offering
- 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 →
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Ask a 1031 specialist about this recordFree. About: PrimeDST Net Lease 1, DST. Top1031 is not a broker-dealer.What did PrimeDST Net Lease 1, DST own?
No property is identified anywhere in this Trust's public record. A Form D discloses offering mechanics, not real estate, and no amendment or third-party filing reviewed as of August 31, 2026 names an address, a building, a purchase price, or a closing date. Those facts would live in the Trust's offering documents, which are not filed publicly.
How was it financed, and what did it cost to sell?
Costs and terms from the Form D
- Selling commissions
- $2,273,114 · 8.9% 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
- 1 named in the Form D
Show the firms
- Emerson Equity LLC · CRD 130032
Individual representatives named in Item 12 are not listed.
- Minimum investment
- $100,000
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.
Who's behind PrimeDST Net Lease 1, DST?
PrimeDST is a sponsor with a short SEC footprint. JRW Investments, a 1031 exchange brokerage, lists PrimeDST as the investment sponsor of Net Lease 1, DST and gives an investment date of July 11, 2023. 2 That same page marks the Trust active while labeling its offering table closed — an inconsistency the public record does not resolve. 2 Nothing has been added to the Trust's SEC file since July 2023.
- Sponsor
- Offerings on record
What does the SEC record show?
The paperwork here is thin: an initial Form D notice — the short filing an issuer submits when a private offering begins — with no amendments behind it. The exemption noted below permits sales to accredited investors reached through pre-existing relationships and bars general advertising.
- Legal Trust name
- PrimeDST Net Lease 1, DST
- SEC CIK
- 1985852
- First Form D
- Jul 26, 2023
- Latest Form D
- Jul 26, 2023
- Filings on record
- 1
- 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 | Filing on SEC EDGAR |
|---|---|---|---|---|
| Form D | $25,256,823 | $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 PrimeDST Net Lease 1, DST?
- PrimeDST Net Lease 1, DST is a Historical offering. Last Form D filed Jul 26, 2023.
- Is the Trust leveraged?
- Not disclosed. No lender, mortgage amount, loan-to-value, or all-cash designation for PrimeDST Net Lease 1, DST appears in the SEC filing or in the sponsor material reviewed as of August 31, 2026. Debt matters in an exchange because replacement debt affects how much boot you recognize, so this is a question for the sponsor and the offering documents.
- Has any outcome — a sale or a 721/UPREIT roll-up — been reported?
- No outcome has been reported. There is no public filing, sponsor release, or third-party report describing a sale, refinancing, or 721 exchange (a contribution of the property into a REIT's operating partnership in return for OP units) for this Trust. The record shows only the 2023 Form D.
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.