Full cycle

Net Lease Capital Advisors carries GSA Birmingham Government Lease Investors DST as completed on its track record

First filed in May 2022 as a 506(b) offering, the Trust appears on the sponsor's completed roster under a shorter name, GSA SSA Birmingham DST.

Published Updated

GSA Birmingham Government Lease Investors DST is carried as completed on the track record of Net Lease Capital Advisors. Top1031 matched the Delaware Statutory Trust (DST) to that row. The completion is a sponsor listing; the transaction behind it is not documented.

Item

Record

Trust, as filed with the SEC

GSA Birmingham Government Lease Investors DST

Sponsor track record listing

GSA SSA Birmingham DST, completed

First Form D

May 27, 2022

Offering amount

$111,338,114

Minimum investment

$100,000

Exemption

506(b)

Asset class as filed

Other Real Estate

Disposition type

Outcome not classified

Disposition date

not stated

Sale price

not stated

Return figures

not stated

The Form D is the only filing in the record for this Trust, and it identifies no sponsor. The link to Net Lease Capital Advisors runs through the track-record match, not through the notice. The notice does not identify the property either, which is ordinary for the form. Distribution terms sit in the private placement memorandum, a document that is not public.

A hold period is the span between an offering's start and its disposition. Here only the start is on record, so no hold period follows from it. As of July 27, 2026, nothing in the record states the route the Trust took to completion: a sale, a 721 roll into a REIT, or another.

For Net Lease Capital Advisors, this is the first completed program in the cumulative full-cycle record Top1031 keeps for the sponsor. It enters that record as a completion with a start date and no terms.