Not indexedSponsor-published track-record coverage
Sponsor profile
SEC filings + cited sources
Net Lease Capital Advisors is a Nashua, New Hampshire sponsor founded in 1996 by Bruce S. MacDonald and Douglas F. Blough. The firm specializes in single-tenant, triple-net (NNN) real estate leased to investment-grade corporations and U.S. Government agencies, and it structures Delaware Statutory Trust programs for 1031-exchange investors. Its website reports more than $17 billion in closed transactions across a history exceeding 25 years. Nine DST programs have been tracked with initial filings from 2014 onward. The firm remained in active operation as of July 2026.
Platform and strategy
Net Lease Capital Advisors was founded in 1996 in Nashua, New Hampshire by Bruce S. MacDonald (Co-Founder and President) and Douglas F. Blough (Co-Founder and CFO). The firm concentrates on single-tenant, triple-net (NNN) real estate leased to investment-grade corporations or U.S. Government agencies, and it sponsors Delaware Statutory Trust (DST) programs marketed to 1031-exchange investors 1. Its website reports more than $17 billion in closed transactions over a history exceeding 25 years 2.
DST program record
Nine DST programs have been tracked with initial filings from 2014 onward: Healthcare Lane Holdco, DST (2014); 295 BR Holdco DST (2016); NLCA VA Birmingham Realty DST and NLCA GSA Baltimore DST (2021); Emerald Pass 12101 Holdings DST (2022); DTW Air Cargo Logistics DST and NLC Health Investors DST (2025); and NLC VA 14 Raleigh Healthcare DST and NLC Financial Service HQ DST (2026) 3.
Operations
The firm's website was active as of July 2026, identifying current staff, primary sales contacts, an investor services team, and an advisory contact 2.
EMERALD PASS 12101 HOLDINGS DST2022No sale, 721 UPREIT conversion, or distribution announcement has been located for Emerald Pass 12101 Holdings DST (Amazon-occupied industrial facility in El Paso, TX); the trust's Form D filing window extends through January 30, 2026, consistent with an ongoing hold.jrw.com ↗loopnet.com ↗aum13f.com ↗SEC ↗
THREE NATIONAL LOGISTICS PROPERTIES INVESTORS DST2023No full-cycle disposition announcement was located for the THREE NATIONAL LOGISTICS PROPERTIES INVESTORS DST (sponsor: Net Lease Capital Advisors, LLC, CIK 0001966117), a 2023–2024 industrial offering that remains the subject of an investor-loss investigation and shows no evidence of having been sold, foreclosed, or converted via UPREIT.formds.com ↗whitesecuritieslaw.com ↗sec.gov ↗SEC ↗
DTW Air Cargo Logistics DST2025No full-cycle, sale, 721/UPREIT, or foreclosure announcement found; the DTW Romulus Cold Storage property remains owned by the trust and is actively marketed for lease (LoopNet, PropertyShark listings updated May 2026) and JRW Investments' tracking of all 11 Net Lease Capital Advisors DSTs shows none have gone full cycle.sec.gov ↗loopnet.com ↗jrw.com ↗SEC ↗
Colliers closes sale of Huntington Tower in downtown DetroitIndustry trade press coverage of the Colliers-brokered sale of Huntington Tower, 2025 Woodward Avenue, Detroit, to a Net Lease Capital Advisors-affiliated DST buyer for a record-setting price.
DTW Romulus Cold StorageProperty listing confirming DTW Romulus Cold Storage as a ±21-acre industrial/cold-storage site at 15670 Wahrman Rd, Romulus, MI positioned for high-performance logistics near Detroit Metro Airport.
Net Lease Capital Advisors - DST Sponsor SpotlightSponsor profile of Net Lease Capital Advisors noting that the firm invests in logistics centers, distribution hubs and defense-related industrial properties and lists multiple closed DST offerings including NLCA DTW Air Cargo Logistics DST (Detroit, MI), NLCA DG Investment Grade Portfolio 1 DST, and Net-Leased Capital Advisors Government Lease Holdings DST.
Net Lease Capital Advisors - About UsSponsor site describes Net Lease Capital as a single-tenant net-lease firm with more than $17 billion in closed transactions across triple-net-lease and GSA-occupied properties and DST sponsorship, the sponsor behind the Three National Logistics Properties Investors DST.
12100 Emerald Pass, El Paso, TX 79928Cushman & Wakefield / Pires International listing for a 209,153 SF Class A industrial building at 12100 Emerald Pass in El Paso, TX 79928 — the underlying asset associated with the Net Lease Capital Advisors DST offering.
Amazon tests new scanning machine in North Andover during Prime WeekLocal newspaper coverage of Amazon's North Andover, MA robotic fulfillment facility, featuring GM Gareth Watkins discussing AI-enabled robots and a new package-scanning machine piloted during Prime Week at the property that underlies the Boston Logistics Property DST.
Garner VA ClinicThe VA's official location page confirms the Garner VA Clinic at 2700 Benson Road in Garner, NC (Wake County, Raleigh area) is a fully operational 240,000-square-foot outpatient facility consolidating the Raleigh I, II, and III clinics and expanding specialty care for Veterans in central North Carolina.
Meet Net Lease Capital, new owner of the Huntington Bank towerProfiles Net Lease Capital Advisors LLC as the buyer of Detroit's Huntington Bank tower at 2025 Woodward Avenue for $156M, the city's most expensive office deal ever; notes the firm specializes in sale-leaseback and net-lease DST investments.
Colliers Arranges $156M Sale of Huntington Tower in Downtown DetroitTrade-press article reporting that Colliers arranged the $156 million sale of Huntington Tower, a 21-story, 311-foot Class A office building completed in 2022 at 2025 Woodward Ave. in downtown Detroit serving as Huntington National Bank's headquarters.
Detroit's most expensive office-building sale ever just closedReports the record $156 million sale of the Huntington Bank tower at 2025 Woodward Avenue in downtown Detroit to Nashua, NH-based Net Lease Capital Advisors; described as the highest-priced office sale in Detroit history.
June 2025 DST Fundraising Soars to Year-HighAltsWire's June 2025 DST fundraising summary lists the DTW Air Cargo Logistics DST, an industrial asset in Romulus, MI sponsored by Net Lease Capital Advisors, as seeking to raise nearly $73M.
Three National Logistics Properties Investors DST: InvestigationSecurities-firm blog post identifying the Three National Logistics Properties Investors DST as a Regulation D private placement sponsored by Net Lease Capital Advisors, LLC that filed a Form D in 2023 and reportedly raised more than $812 million across its offerings, focused on national logistics properties.
Amazon Opens Massive Robotics Warehouse In North AndoverLocal news reporting Amazon's opening of the 3.6M-sq-ft five-story robotic fulfillment warehouse at 1600 Osgood Street, North Andover — the underlying property of the Boston Logistics Property DST.
Groundbreaking for USCIS consolidated headquarters in MarylandCoverage of the groundbreaking ceremony for the USCIS consolidated headquarters at One Town Center in Camp Springs, MD, the GSA-leased 15-year property underlying the GSA CIS Camp Springs DST.
Big new federal headquarters coming to Camp SpringsLocal coverage of the planned USCIS federal headquarters building at One Town Center on One Capital Gateway Drive in Camp Springs — the underlying GSA-leased asset of the GSA CIS Camp Springs DST.
