Net Lease Capital: Government Lease Holdings 2 DST
Investment Overview
This is the opportunity to invest in a 2 property GSA portfolio comprised of a VA Clinic in Virginia and the headquarters for U.S. Citizenship and Immigration Services (UCIS) in Maryland. Both properties are mission-critical with 10-year remaining lease terms.
Offering Strengths
Long-term occupants of the buildings with substantial investments into the properties. Tenants view properties as mission-critical and challenging to replace.
Offering Weaknesses
Little income growth over the holding period.
Key Facts
Sponsor: Net Lease Capital
Structure: Delaware Statutory Trust (DST)
Location(s): Virginia, Maryland
Property Type(s): GSA
Assumable Loan: 56.60% LTV
Estimated Hold Period: 5 Years
Key Features
1031 Exchange: Yes
721 Exchange/UPREIT: No
Cash-Out Refinance: No
Income Guarantee: No
Distribution Forecast
| Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Investor Cash Flow | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.75% | 4.75% | 5.00% | 5.00% | 5.19% |
Sponsor Overview
Net Lease Capital was founded in 1996 as a privately owned, commercial real estate investment firm. The Company focuses on acquiring single-tenant properties that are leased to the Federal Government or to investment-grade corporations. Since inception, Net Lease Capital has closed over $15 billion in transactions, currently with $8.7 billion in AUM. Net Lease Capital is comprised of acquisitions, asset management, property management, and advisory groups. The Advisory Group specializes in structuring replacement property and financing for 1031 exchange.