SE NG (GILBERT), DST
Other property in Gilbert, AZ — sponsor not disclosed
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
SE NG (Gilbert), DST is a Delaware statutory trust — a structure that lets 1031 exchangers hold fractional real estate — formed in 2026 and raising $27,855,000 from accredited investors.1 Sponsor materials identify it as the Northrop Grumman SCIF & Lab Facility DST, a single-tenant office and laboratory building at 1655 West Elliot Road in Gilbert, Arizona.2
Property details are not confirmed yet. The SEC filings below are the current public record.
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These links support the public record as a whole; 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.
What exactly is the property?
Sponsor materials tie this Trust to a newly constructed Class A building of roughly 119,180 square feet at 1655 West Elliot Road in Gilbert, Arizona.2 A SCIF is a sensitive compartmented information facility — a secure space built to federal standards for classified work. The same materials state that tenant employees were not scheduled to occupy the building until August 2026, and that physical occupancy is not a requirement of the lease.2
- Reported location
- Gilbert, AZ
Who is the tenant, and what's the lease?
The building is described as 100% net leased to Northrop Grumman Systems Corporation — under a net lease the tenant, not the Trust, carries the operating costs.2 The sponsor states a primary term commencing January 15, 2025 and expiring January 31, 2037, with approximately 3% annual rent escalations and three five-year renewal options.2
How are sales going?
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
- Amount sold
- $12,493,113
- Still available
- $15,361,887
- Investors reported
- 32
- Total offering
- $27,855,000
How is it financed, and what does it pay?
This is a leveraged Trust. Sponsor materials report approximately $33,676,800 of non-recourse first-mortgage debt, meaning the lender's claim runs against the property rather than against investors personally, but still sits ahead of investor equity.2 No lender is named in the Form D.
Who's behind it?
Sponsor materials attribute the offering to SE NG (Gilbert) Sponsor, LLC, an affiliate of Syndicated Equities Group, LLC, and name SE NG (Gilbert) AM, LLC as asset manager.2 The SEC filing names no sponsor as such: it identifies SE NG (Gilbert) DT, LLC as discretionary trustee, executive officer and promoter, with Syndicated Equities Interests, LLC as that entity's manager and also an executive officer and promoter.1 That chain is what the public record actually discloses.
- Sponsor
- Sponsor not disclosedThe filing does not identify a sponsor we can confirm.
- Legal Trust name
- SE NG (GILBERT), DST
- May convert to a REIT
- Not stated
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The paper trail begins with the issuer's Form D, which reports a first sale of interests on July 21, 2026 — about a month before the filing reached EDGAR.1 Interests are offered privately, without general advertising, to accredited investors: people meeting SEC income or net-worth thresholds.
- 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
Is SE NG (GILBERT), DST still raising money?
Top1031 lists SE NG (GILBERT), DST as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.
Where does Top1031 get the data for SE NG (GILBERT), 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.
What property does this Trust own?
The Form D itself names no property. A Baker 1031 offering page states that the Northrop Grumman SCIF & Lab Facility DST is held of record as SE NG (Gilbert), DST and describes a newly constructed Class A building of approximately 119,180 square feet at 1655 West Elliot Road in Gilbert, Arizona.[2] A SCIF is a sensitive compartmented information facility, a secure area built to government standards for handling classified information. The private placement memorandum (PPM) — the offering document given to prospective investors — is the controlling description. When the building was acquired by the Trust is not established in the records reviewed.
Who is the tenant and how long is the lease?
Sponsor materials state the building is 100% net leased to Northrop Grumman Systems Corporation, with a primary term commencing January 15, 2025 and expiring January 31, 2037, approximately 3% annual escalations, and three five-year renewal options.[2] The same materials note that tenant employees were not scheduled to occupy the building until August 2026 and that physical occupancy is not required under the lease. Whether the tenant is physically in the building today is not established in the records reviewed.
Is the Trust still accepting investors?
Unresolved in the public record. The Form D filed August 20, 2026 reports an amount of the offering still unsold as of that date, while the Baker 1031 offering page, last updated July 14, 2026, displays the offering status as closed.[2] The SEC does not review Form D filings for accuracy, and a reported remaining amount is not confirmation that interests are available. Availability changes daily and must be confirmed with the sponsor or a broker-dealer.
Is this Trust leveraged, and who is the lender?
Yes. Sponsor materials report approximately $33,676,800 of non-recourse first-mortgage debt on the property.[2] The Form D does not name a lender, and no loan document tying a specific lender to this Trust was located. July 2026 press coverage of a $31.4 million bridge loan from Obra Real Estate on a Northrop Grumman-leased office asset at 1715 West Elliot Road in Gilbert concerns a different address and has not been connected to this Trust by any filing.
What is the minimum investment?
The Form D filed August 20, 2026 reports a $10,000 minimum accepted from any outside investor.[1] Form D minimums are frequently lower than the minimums a PPM actually imposes, and sponsors often set a higher threshold for 1031 exchange money than for cash investors. The offering documents and your broker-dealer control the number that applies to you.
Is there a 721/UPREIT exit?
Not stated in the record. A 721 or UPREIT exit is a structure in which DST investors eventually contribute their interests to a REIT's operating partnership in exchange for partnership units, deferring tax again rather than receiving cash. Nothing in the Form D addresses whether this Trust contemplates one; the PPM would say.