Top1031

PEM NOV DST

sponsored by Principle Equity Properties

HistoricalLast Form D, filed Jul 7, 2011, reports the offering fully sold (opens in a new tab)

PEM NOV DST, sponsored by Principle Equity Properties, filed its first Form D with the SEC on Jul 7, 2011 for a $7 million offering. Its last Form D, filed Jul 7, 2011, reports the offering fully sold.

How it ended

No public outcome found

The last Form D, filed Jul 7, 2011, reports the offering fully sold.

Key facts

Minimum investment
$25,000
From the Form D
Offering size
$7,099,390
Equity offered, per the Form D
Sold
100%
Form D, Jul 7, 2011; the % is our arithmetic
Investors reported
34
Form D, Jul 7, 2011
Selling commissions
$481,961 · 6.7% of offering
Form D Item 15; the % is our arithmetic
Financing
Leveraged. This offering reports mortgage debt on the property.
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 →

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Ask a 1031 specialist about this recordFree. About: PEM NOV DST. Top1031 is not a broker-dealer.

What did PEM NOV DST own?

The Trust's asset is a then-new 76,600-square-foot office, manufacturing and distribution building at 6602 Newcastle Road in Oklahoma City, per the sponsor's offering summary. 4 Oklahoma County land-sale reporting lists PEM NOV DST as buyer from SBS 6602 Newcastle LP for $13,000,000 in August 2010. 3 Trade coverage that month described the newly constructed building on roughly 10 acres, sold by the Simpkins Group. 5

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

The sponsor's offering summary described assumable non-recourse mortgage debt of $7,150,000 on the property — non-recourse meaning the lender's claim runs to the building rather than to investors personally. 4 The Form D itself registers only equity securities and does not settle the debt question either way. 2

Debt

Financing
Leveraged. This offering reports mortgage debt on the property.

Costs and terms from the Form D

Selling commissions
$481,961 · 6.7% 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
6 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Jul 21, 2010
Minimum investment
$25,000

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?

The Trust reported its first sale on July 21, 2010, about a year before its single Form D notice reached EDGAR, and no amendment followed. 2 It was offered under Rule 506(b), the private-placement path that bars general advertising and effectively limits buyers to accredited investors.

Legal Trust name
PEM NOV DST
SEC CIK
1494701
First Form D
Jul 7, 2011
Latest Form D
Jul 7, 2011
Filings on record
1
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$7,099,390
$7,099,390
34
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 PEM NOV DST?
PEM NOV DST is a Historical offering. The last Form D, filed Jul 7, 2011, reports the offering fully sold.
What property backs the Trust?
Sponsor offering material identifies a then-new 76,600-square-foot office, manufacturing and distribution building at 6602 Newcastle Road in Oklahoma City. Oklahoma County land-sale reporting dated August 21, 2010 lists PEM NOV DST buying the property from SBS 6602 Newcastle LP for $13,000,000, and August 13, 2010 trade coverage put the building on roughly 10 acres.
Who was the tenant?
Sponsor material names National Oilwell Varco, LP as tenant and lease guarantor, described as a wholly owned subsidiary of National Oilwell Varco, Inc. that services and builds downhole tools for the oilfield industry. The stated structure was an initial 15-year absolute net lease with two five-year tenant renewal options.
Did the Trust use mortgage debt?
Sponsor offering material describes assumable non-recourse mortgage debt of $7,150,000 secured by the property. The Form D itself classifies the securities sold as equity and does not disclose property-level debt, so the loan terms have to be confirmed in the offering documents and loan documents.
Is there a reported outcome — was the property sold?
No disposition by the Trust is reported in any source located. An Oklahoma County Assessor display produced August 7, 2026 for that parcel lists the owner reference as NOV I OWNER LLC and the occupancy field as UNOCCUPIED, but it does not name PEM NOV DST or evidence a transfer. A RealNex page dated July 21, 2026 markets the property for sale, which establishes marketing activity only.

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.