Government Lease Holdings 2 DST
Investment Description
Government Lease Holdings 2 DST combines interests associated with a Veterans Affairs clinic in Kernersville, North Carolina, and a federal office property in Camp Springs, Maryland. The properties are leased to the United States. Investors participate through a multi-tier Delaware statutory trust structure with different ownership allocations for the properties.
Key Facts
- Fundraising Status
- Open
- Sponsor Name
- NLCA Real Estate LLC
- Location(s)
- Maryland, North Carolina
- Equity
- $174,652,396
- Debt
- $227,745,000
- LTV (investor offering)
- 56.60%
- Property Type
- Clinic / federal office
Figures use offering-document terms. Investor LTV is allocated debt divided by equity plus debt. Income is projected distributions on original equity; averages exclude sale or 721 proceeds and are not IRRs. Capital covers 100% of VA and 50% of USCIS interests. The source-distribution average includes the final reserve payout and is not a recurring earned-income yield. Figures reflect reviewed document dates, not current operating results. Projections are not guaranteed; availability is maintained separately.
Sponsor Overview
NLCA Real Estate LLC
NLCA Real Estate LLC sponsors the offering and was formed in 2022. It is affiliated with the Net Lease Capital Advisors platform, whose activities include government-facility and credit-tenant real estate transactions.