DALLAS, Sept. 15, 2015 /PRNewswire/ -- Behringer and its affiliated sponsor, Behringer Net Lease Advisors, LLC, announced that National Income Properties DST V, its fifth in a series of Delaware Statutory Trust (DST) co-ownership 1031 private placement programs, is fully subscribed and has closed.
"DST V is the latest in our plan of arranging and offering a series of multi-property 1031 DST offerings and separately managed accounts for retail investors and qualified investment buyers," said Brad Watt, Executive Vice President and Managing Director of Behringer Net Lease Advisors, LLC. "DST V was fully subscribed within three weeks of the offering date, which reflects the growing demand for high-quality 1031 replacement property solutions and further reinforces our long-term commitment to the market."
Behringer's net lease investment platforms are structured as multi-property net lease portfolios that offer access to real estate through fractional or sole ownership with the potential for capital preservation, appreciation and tax-efficient, non-correlating income. The five DST programs that Behringer Net Lease Advisors has sponsored, including National Income Properties DST V, encompass a total of 11 property acquisitions and over 200,000 square feet and an aggregate offering price of more than $42.79 million.
"We continue to be pleased with the ongoing success of this series of multi-property DST offerings and believe that these programs address an important need for investors," said Jason Mattox, Executive Vice President and Chief Operating Officer at Behringer.
About Behringer
Behringer creates and manages real estate investments through public and private fund structures, joint ventures, and separately managed accounts. The company also offers strategic advisory, asset management, tax-deferred exchange and capital markets solutions. Investments sponsored and managed by the Behringer group of companies have invested into more than $11 billion in assets. For more information, call 214.655.1600 or visit behringerinvestments.com.
Jonathan Ball |
David Nesmith |
Behringer |
Richards Partners |
972.387.5403 |
214.891.2864 |
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SOURCE Behringer
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http://www.behringerinvestments.com
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