Sponsor-reported, from SEC filings and cited sources.
Chapter 1
What the record shows
NAS Investment Solutions is a Delaware Statutory Trust sponsor that states its new investment properties are typically structured as DSTs, giving investors passive fractional percentage interests in commercial real estate. Top1031 tracks eleven DST programs attributed to the firm, with first filings spanning 2019 through 2025, and the properties it sponsors are managed by affiliated firm National Asset Services. Dated activity includes the sponsor's July 2025 announced acquisition of The Courtyard Apartments, a 123-unit multifamily property in Garland, Texas, and its July 2026 report of the full-cycle completion of a Bentonville, Arkansas single-tenant office building leased to The Clorox Company.
Sponsor-stated figures are as reported by the sponsor.Evidence 12345678
Published Grade summary
The public record tracks 11 Programs from this Sponsor, with 2 lifecycle-eligible and 2 seasoned, all sitting in an unknown, levered state at age 7–10y across a 7 yrs history. No material adverse events, 0 distress, and no recorded floor appear in the file — absences in the record, not findings about outcomes. The outcome-disclosure ledger is empty: 0 figures published, 0 acknowledged without a figure, 0 silent, and the review rests on 2 citations at proof depth 1.
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2Programs with an ending or 7+ years of history
0 of 2Programs with a documented problem
0%Finished Programs with a published result
Not foundPublishes its own track record
Chapter 2
Raising money now
Classified active by Top1031 from the SEC filings. That does not confirm an offering is still available to buy.
HHarm recordDocumented problems, weighed against everything at stake35% weight
LLifecycle outcomesHow programs old enough to finish actually ended25% weight
RMarket acceptanceHow each raise went against comparable offerings25% weight
TDisclosure candorWhether completed programs come with published results15% weight
Weighted blend35% H + 25% L + 25% R + 15% TThe published result applies the anti-washout ceilings, evidence gates, and adverse floors below after this blend. Top1031 does not publish an intermediate score.
AProven71 and above
BEstablished61–70
CUnproven50–60
DWarning36–49
FAdverseBelow 36
NRNot ratedRecord too small or identity under review
Ceilings
The result cannot exceed H + 10 or L + 15, so stronger sales evidence cannot wash out a weaker harm or lifecycle record.
Evidence gates
A and B require minimum proof depth, lifecycle history, and channel evidence. A also requires qualifying disclosure coverage.
Adverse floors
An Integrity alert sets an F floor. A dominant documented capital loss or multiple independent severe events sets D or lower.
Proof depth28.6Published-outcome coverage0%
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Published Grade historyOne published letter, unchanged since
C2026-Q3 · Moved from C. Binding constraints: proof depth below 4; fewer than 10 lifecycle-eligible Programs; H below 85.
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Chapter 4
Programs on the record
A Program is the filing-level offering record associated with this sponsor. Published-result figures are shown only with sponsor attribution and adjacent sources.
NAS Investment Solutions states that its new investment properties are typically structured as Delaware Statutory Trusts, so that the resulting fractional property interests allow passive ownership of a percentage interest in the underlying real estate 1. Top1031's sponsor record attributes eleven DST programs to the firm, with first filings spanning 2019 through 2025 2. Properties the firm sponsors are managed by National Asset Services, the affiliated management company NAS Investment Solutions identifies as its management relationship and describes as having managed 187 properties in 31 states totaling 25.49 million square feet since 2008 3. Karen E. Kennedy was identified as the firm's President and Founder in a May 30, 2025 announcement by that affiliate 4.
Dallas-area multifamily activity
On July 31, 2025, NAS Investment Solutions announced that it had acquired The Courtyard Apartments in Garland, Texas, a 123-unit multifamily property on 5.5 acres, and presented it as a fractional investment opportunity for accredited investors, including 1031-exchange and self-directed-IRA use 5. A June 18, 2026 sponsor release identified that asset as Courtyard Apartments DST at 2046 N. Shiloh Road in Garland and stated that the property had been acquired by NASIS 6.
Reported completed programs
On July 14, 2026, the sponsor announced the full-cycle completion of a single-tenant office investment at 2200 Bentonville in Bentonville, Arkansas; the building comprised approximately 30,829 square feet leased to The Clorox Company, and NAS Investment Solutions reported that investors realized a 41% effective rate of return 7. The sponsor also reports completing the equity raise for a DST-structured, Class-A, 55,000-square-foot industrial office, manufacturing and warehouse property at 7279 William Barry Boulevard in North Syracuse, New York within six weeks of the acquisition date, with 27 investors purchasing $6.8 million of equity 8.
