NLC Florida Healthcare Sciences DST
Investment Description
NLC Florida Healthcare Sciences DST holds a university campus in St. Augustine, Florida, leased to the University of St. Augustine for Health Sciences. The property contains educational facilities for healthcare programs. Investors hold beneficial interests through a two-tier Delaware statutory trust structure with credit-tenant lease financing.
Key Facts
- Fundraising Status
- Open
- Sponsor Name
- Net Lease Capital Advisors LLC
- Location(s)
- Florida
- Equity
- $16,739,129
- Debt
- $80,299,300
- LTV (investor offering)
- 82.75%
- Property Type
- Medical education
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. Debt includes senior and subordinated financing. No cash distributions are scheduled during the initial lease term. Figures reflect reviewed document dates, not current operating results. Projections are not guaranteed; availability is maintained separately.
Sponsor Overview
Net Lease Capital Advisors LLC
Net Lease Capital Advisors LLC sponsors the offering. Its platform specializes in credit-tenant structures, sale-leasebacks, financing and real estate exchange transactions. Douglas Blough and Bruce MacDonald are identified as principal owners.