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OpenNet lease in North Carolina, Maryland

Government Lease Holdings 2 DST

Sponsored by NLC

The facility (the “VAWS Facility”) consists of an approximately 353,238 rentable square foot (280,000 net usable square foot) clinic building with 1,914 parking spaces, located on an approximate 39.26 acre site at 1695 Kernersville…

Government Lease Holdings 2 DST

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Minimum investment
$100,000
Yr 1 distribution
4.50%
Avg distribution
4.65%
Projected hold
10 yrs
Offering size
$402M
Equity raise
$175M
Loan-to-value
56.6%
721 exit
Optional

Projected distributions by year

Capital structure

Equity
$174,652,396
Debt
$227,745,000
Total
$402,397,396

Overview

The facility (the “VAWS Facility”) consists of an approximately 353,238 rentable square foot (280,000 net usable square foot) clinic building with 1,914 parking spaces, located on an approximate 39.26 acre site at 1695 Kernersville Medical Parkway, Kernersville, NC 27284. The VAWS Facility was developed as a “build-to-suit” property in conjunction with the Government, acting by and through the VA.

The USCIS Property consists of an approximately 574,767 rentable square feet four-story, Class-A office building and seven-level parking garage with 1,770 spaces (with 8 spaces reserved for official government vehicles and 4 reserved for the USCIS Property Trust) located on approximately 10.7 acres in Camp Springs, Maryland, a suburb of Washington, DC. The facility was developed as a “build-to-suit” property in conjunction with the Government, acting by and through the GSA.

The USCIS Property is the headquarters of the U.S. Citizenship and Immigration Services (“USCIS”), an agency within the Department of Homeland Security. As of July 2022, the USCIS Property is the 16th largest facility leased by the GSA, and the largest facility leased for use by the USCIS.

Offering documents 3

Projected distributions are the sponsor's estimates of annual cash flow on invested equity. They are not guaranteed, may change or stop, and may include a return of capital. LTV is the offering's debt divided by its total capitalization. Information reflects my offering records as of October 28, 2026 and may have changed. This page is not an offer to sell or a solicitation of an offer to buy any security; offers are made only through the offering documents to eligible investors.

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