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Sponsors/Behringer Net Lease Advisors
BN

Behringer Net Lease Advisors

DST sponsor · first SEC filing 2013

Sponsor status: dormant. No SEC filing since 2015.No SEC filing since 2015
Active offerings0None in current SEC filings
Programs on record6 →SEC Form D filings
First filed2013Earliest Form D on record

Counted by Top1031 from SEC Form D filings · updated Oct 15, 2026 · Record Card evaluated Oct 12, 2026

Sponsor Record Card
NR
NR · Not rated

0 completed sales; 0 losses or impairments; 0 counted Programs. Fewer than three counted Programs.

Completed sales: 0
Lost or impaired 0 · Counted Programs 0
See the full cardRead the method

Behringer Net Lease Advisors has sponsored six Delaware Statutory Trust (DST) programs found in SEC Form D filings since 2013. None of its offerings is active in SEC filings today; its most recent Form D was first filed in 2015.

1Offerings2Record Card3About4Track record 65Questions6Similar sponsors
OfferingsRecord CardAboutTrack record 6QuestionsSimilar sponsors
On this sponsor page
  1. 1Offerings
  2. 2Record Card
  3. 3About
  4. 4Track record 6
  5. 5Questions
  6. 6Similar sponsors
  7. 7Next step

Behringer Net Lease Advisors DST offerings (0 active)

Active means an SEC filing in the last 15 months and not reported fully subscribed. It does not confirm you can still invest.

Ask a 1031 specialist about Behringer Net Lease Advisors

No active offerings are on record for this sponsor.

Behringer Net Lease Advisors Record Card

Top1031 Sponsor Record Card

Behringer Net Lease Advisors

How this letter was decided
NR
NR · Not rated

0 completed sales; 0 losses or impairments; 0 counted Programs. Fewer than three counted Programs. NR is not a failing grade. A letter needs 3 counted outcomes or 3 documented sales.

Completed sales 0Losses or impairments 0Counted Programs 0

Of 6 Programs, 0 count toward the Grade: 0 completed sales and 0 losses or impairments. The lines below describe all Programs, including those outside the Grade count.

No documented loss found in searched sources as of Oct 12, 2026.

Programs found in SEC fundraising filings (Form D)
6
Sold, result reported by the sponsor
0
Sold, result not reported by the sponsor
0
Sold according to the sponsor, not yet verified by us
0
Moved into a REIT instead of sold
0
Lost investors' money, or capital at documented risk
0
Older than 7 years, confirmed still operating
0
Older than 7 years, no public outcome found
6
No outcome recorded · under 7 years
0
Share of programs over 3 years old whose status we confirmed
0%

If we missed a sale, a reported result or a public record, send it. Evidence changes a Grade.

Submit a correction ↗

About Behringer Net Lease Advisors

Behringer Net Lease Advisors is the sponsor identity behind the National Income Properties Delaware statutory trust series, six programs first filed between 2013 and 2015 in Top1031's tracked record. Behringer described the platform as a series of multi-property 1031 DST offerings and separately managed accounts for retail investors and qualified investment buyers. The first program, National Income Properties DST I, held two Texas single-tenant net-lease retail properties totaling 37,800 square feet leased to Tractor Supply Co. of Texas, LP, with a guaranty from Tractor Supply Company. Behringer reported National Income Properties DST III fully committed and subscribed in June 2015, and DST V fully subscribed and closed that September.

Sponsor-stated figures are as reported by the sponsor.Sources: Top1031 sponsor record · 1031gateway.com · PDF document · 2013 · prnewswire.com · Press release · 2015 · prnewswire.com · Press release · 2015

Platform and strategy

In a September 15, 2015 release, Behringer described the platform as a series of multi-property 1031 DST offerings together with separately managed accounts, directed at retail investors and qualified investment buyers 3.

Representative program: National Income Properties DST I

The 2013 executive summary for National Income Properties DST I, published by Behringer Harvard Net Lease Advisors, LLC, describes two Texas single-tenant net-lease retail properties totaling 37,800 square feet. The leases ran to Tractor Supply Co. of Texas, LP and were guaranteed by Tractor Supply Company (NYSE: TSCO), under a double-net structure in which roof and structure obligations were covered. The same summary states a total purchase price of $6,226,700, a loan balance of $4,039,700, and an equity offering amount of $2,227,000 2.

Reported program closings

On June 8, 2015, Behringer reported that National Income Properties DST III, the third program in the multi-property Delaware statutory trust series, was fully committed and subscribed 4. On September 15, 2015, Behringer reported that National Income Properties DST V was fully subscribed and had closed, reaching full subscription within three weeks of its offering date. That release also reported that the five DST programs sponsored as of that date encompassed 11 property acquisitions, more than 200,000 square feet, and an aggregate offering price of more than $42.79 million 3.

Show sources (4)Hide sources (4)
  • Top1031 sponsor record ↗
  • 1031gateway.com · PDF document · 2013 ↗ Sponsor disclosureJan 1, 2013
  • prnewswire.com · Press release · 2015 ↗ Sponsor disclosureSep 15, 2015
  • prnewswire.com · Press release · 2015 ↗ Sponsor disclosureJun 8, 2015
Written from SEC filings and cited sources · Updated Oct 15, 2026

Behringer Net Lease Advisors track record (6 programs)

Every program found in SEC Form D filings. Programs with a reported result are listed first, then the rest by first filing year. Each row links to its SEC filings.

Filter by Record Card line
ProgramResult on recordCounted asFiling
National Income Properties DST IVFirst filed 2015No sponsor-reported figure
No public outcome found
SEC filings ↗
National Income Properties DST VFirst filed 2015No sponsor-reported figure
No public outcome found
SEC filings ↗
National Income Properties DST VIFirst filed 2015No sponsor-reported figure
No public outcome found
SEC filings ↗
National Income Properties DST IIIFirst filed 2014No sponsor-reported figure
No public outcome found
SEC filings ↗
National Income Properties DST IFirst filed 2013No sponsor-reported figure
No public outcome found
SEC filings ↗
National Income Properties DST IIFirst filed 2013No sponsor-reported figure
No public outcome found
SEC filings ↗
Show all 6 programsShow fewer

Questions about Behringer Net Lease Advisors DSTs

Does Behringer Net Lease Advisors have DST offerings available now?
None of Behringer Net Lease Advisors’ offerings is active in SEC filings today. Its most recent Form D was first filed in 2015.
How many DST programs has Behringer Net Lease Advisors sponsored?
Top1031 found six Behringer Net Lease Advisors programs in SEC Form D filings. The first was filed in 2013. Each is listed in the track record on this page with a link to its SEC filings.
What results has Behringer Net Lease Advisors published for its DSTs?
On its Record Card, none of its six programs sold with a result reported by the sponsor yet. Sponsor-stated figures are as reported by the sponsor; Top1031 does not compute or estimate returns.
How do I ask about Behringer Net Lease Advisors offerings?
Use the “Ask a 1031 specialist about Behringer Net Lease Advisors” button at the top of Behringer Net Lease Advisors’ offerings list on this page. Top1031 is not a broker-dealer or investment adviser and does not provide tax, legal, or investment advice.

Answers are generated from the counts on this page and change when the record changes.

Other DST sponsors with active offerings

  • Cove Capital Investments logoCove Capital Investments18 active · 101 programs on record
  • ExchangeRight logoExchangeRight11 active · 121 programs on record
  • Kingsbarn Realty Capital logoKingsbarn Realty Capital10 active · 87 programs on record
  • Inland Private Capital logoInland Private Capital8 active · 235 programs on record
  • Net Lease Capital Advisors logoNet Lease Capital Advisors8 active · 30 programs on record
  • How to evaluate a DST sponsor →
  • DST due diligence checklist →
  • The largest DST sponsors, from SEC filings →

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Information is not advice or an offer to buy or sell securities. DSTs are illiquid private securities with substantial risks, including loss of principal.

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Commercial relationships are not inputs in the Top1031 Grade method. Losses are counted only from court, county or sponsor-published records.

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