# Government Lease Holdings 2 DST

Canonical page: https://sequoia-research.com/sequoia-government-lease-holdings-2-dst-fd151f1d.html

## 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
- Locations: Maryland, North Carolina
- Equity: $174,652,396
- Debt: $227,745,000
- LTV (investor offering): 56.6%
- Property Type: Clinic / federal office
- Y1 Income: Login required.
- Average Income: Login required.
- Overall Scorecard Rating: Login required.

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. Evidence confidence is reported separately.

## Sponsor overview

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.

## Detailed analysis

Detailed reports are sold separately for personal viewing in a member account. This summary does not include the protected report or its page images. See the canonical page for current report pricing and availability.

For informational and educational purposes only. Our research and opinions are not personalized investment, legal, or tax advice, an offer to sell or solicitation to buy securities, or a recommendation or endorsement of any investment. Do not rely on this research alone to make an investment decision. Review the current Private Placement Memorandum (PPM) and all applicable offering documents, and consult a registered investment adviser or other qualified investment professional and your legal and tax advisers. Private investments can be illiquid and involve significant risk, including loss of your entire investment. Past performance, projected income, and ratings do not guarantee future results. Information may be incomplete or change; confirm current offering availability directly with the sponsor.

[Terms and Conditions](https://sequoia-research.com/terms.html)