Secure Properties Launches DST Program With $21.9M Industrial Offering
Editor’s Correction: Regretfully, a previous version of this article misstated the status of Secure Properties’ Delaware statutory trust offering. The article has been republished, noting that the offering is launched and seeking to raise $21.9 million from accredited investors.
Secure Properties, a national real estate investment firm focused on net lease assets, has announced the launch of Secure Real Estate Exchange, its new Delaware statutory trust platform designed to provide accredited investors with tax-deferred real estate investment solutions.
Secure Real Estate Exchange was created to expand the company’s ability to serve both existing and new investors with a flexible, tax-efficient way to access institutional-quality net lease real estate. The platform offers investors the ability to complete Section 1031 like-kind exchanges, and to invest in property interests that may qualify for 1031 treatment upon disposition.
In connection with the program commencing, Secure announced its initial offering, Secure Net Lease Industrial I, DST, which seeks to raise $21.9 million from accredited investors.
The affiliated asset is 123,000-square-foot industrial facility in Tallahassee, Fla., subject to a long-term net lease with a publicly traded, investment-grade e-commerce tenant. The property serves as a last-mile logistics facility supporting the greater Tallahassee market, including Florida State University and the state capital region.
Orchard Securities LLC is serving as the exclusive managing broker-dealer for the offering.
The company expects Secure Real Estate Exchange to be a scalable, long-term platform and anticipates offering a series of DST investments focused on high-quality net lease assets as the program continues to grow.
“The launch of Secure Real Estate Exchange is a major milestone for our firm and a natural extension of what we’ve been building across our platform,” said Brian Mansouri, Secure’s managing principal. “We’ve always focused on creating flexible, institutional-quality investment solutions. The DST structure allows us to bring that same approach to investors seeking tax efficiency, simplicity, and access to high-quality net lease real estate.”
Mansouri will also serve as president of Secure Real Estate Exchange.
“This first acquisition reflects exactly what we’re aiming to deliver through the platform: strong real estate fundamentals, durable tenancy, and assets that align with our long-term view of net lease investing,” added Mansouri.
Secure currently owns more than 400 properties and manages over $1.5 billion in assets. The firm has a growing focus on acquiring sale-leaseback and net lease investments sourced through direct operator relationships and mergers/acquisitions-driven transactions, with a particular emphasis on off-market opportunities. Secure targets assets across a broad range of net lease property types and markets throughout the United States.
Secure Properties is a real estate investment firm focused on acquiring and managing high-quality assets through a range of institutional, joint venture, and private capital structures.
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