Principle Equity Properties
DST Sponsor · SEC filing history and documented Program outcomes
Website not on recordSponsor-reported, from SEC filings and cited sources.
What is on this sponsor’s record?
2 programs on record; a record card needs 3.
The Programs remain public below while this sponsor builds enough filing history for a Record Card.
Which Programs are on the record?
A Program is one filing-level offering record associated with this Sponsor. Results are public and stay next to their source.
Active offerings
Classified active by Top1031 from SEC filings. That does not confirm an offering is still available to buy.
No active offerings are on record for this sponsor.
Who is behind this record?
Principle Equity Properties is the sponsor behind a small set of Delaware statutory trust programs, including PEM NOV DST and PEM NOV II DST, both of which first appear in filings from 2011. The firm has described itself as a fully integrated real estate investment company providing acquisition, asset management, leasing, and disposition services to passive investors in institutional-grade property spanning office, retail, industrial, and multifamily. Sponsor material reported roughly 2.5 million square feet managed and capitalized asset value exceeding $350 million. Its documented trusts held single-tenant net-leased buildings occupied by The Aerospace Corporation in El Segundo, California, and by National Oilwell Varco in Houston, Texas.
Sponsor-stated figures are as reported by the sponsor.Sources: 1031gateway.com · Top1031 sponsor record
Platform and reported scale
Principle Equity presented itself as a fully integrated real estate investment firm delivering acquisition, asset management, leasing, and disposition services to passive investors in institutional-grade real estate, with a stated focus on markets showing decreasing vacancy and forward-moving rental rates across office, retail, industrial, and multifamily property. The same sponsor material reported approximately 2.5 million square feet of commercial real estate managed and a capitalized asset value exceeding $350 million.1
Documented DST offerings
The PEM National Oilwell Varco II DST offering covered 9616 Telge Road in Houston, Texas, with National Oilwell Varco, LP identified as both tenant and lease guarantor under a 15-year initial lease term. The sponsor summary put the offering at $3,083,333 of equity alongside $3,250,000 of assumable non-recourse debt.2
The PEM Aerospace DST offering covered 2200 E Grand Avenue in El Segundo, California, leased 100% on a triple-net basis to The Aerospace Corporation. The sponsor summary stated a $6,765,000 equity offering and $5,500,000 of non-recourse debt.1
Top1031 tracks two trusts under the sponsor, PEM NOV DST and PEM NOV II DST, each first appearing in filings in 2011.3
Show sources (3)Hide sources (3)
- 1031gateway.com ↗Sponsor disclosure
- 1031gateway.com ↗Sponsor disclosure
- Top1031 sponsor record ↗Top1031-derived
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