Sponsor profile
Behringer Net Lease Advisors, LLC is a Delaware-formed sponsor based in Addison, Texas, and part of Dallas-based Behringer Investments, founded in 1989 by Robert M. Behringer. It organized the National Income Properties DST series, a set of 1031-exchange private placements built around single-tenant, net-lease retail properties using a multi-property portfolio strategy with double-net (roof and structure) lease economics. According to a September 2015 sponsor release, five completed offerings acquired 11 properties totaling more than 200,000 square feet and raised over $42.79 million, with the fifth closing fully subscribed in September 2015.
Sponsor identity
Behringer Net Lease Advisors, LLC is a Delaware limited liability company headquartered at 15601 Dallas Parkway, Suite 600, Addison, Texas, identified in SEC EDGAR under CIK 0001622881 4. It operates as a subsidiary within Behringer Investments, a Dallas-based commercial real estate firm founded in 1989 by Robert M. Behringer; the parent rebranded from Behringer Harvard to Behringer in January 2014 3.
DST platform and strategy
The sponsor organized the National Income Properties DST series, 1031-exchange private placements built around single-tenant, net-lease retail properties using a multi-property portfolio approach with double-net (roof and structure) lease economics 2. Top1031 tracks six National Income Properties DST entities, DST I through DST VI, first filed between 2013 and 2015 5.
Completed program record
According to a September 2015 Behringer release, the sponsor completed five National Income Properties DST offerings (DST I through DST V) encompassing 11 property acquisitions, more than 200,000 square feet, and aggregate offering proceeds exceeding $42.79 million, with the fifth offering closing fully subscribed in September 2015 1.