AEI Net Lease Portfolio XI DST 2026: Is It Legit? Form D Raise, Investors, Who Is Behind It

Q: What is AEI Net Lease Portfolio XI DST?

AEI Net Lease Portfolio XI DST is a Delaware entity that filed a Form D with the SEC on February 14, 2019 in the Commercial industry group. The filing claims Rule 506(b) for an offering of equity.

Q: Is AEI Net Lease Portfolio XI DST legit?

AltStreet does not rate legitimacy; it reports the public record. AEI Net Lease Portfolio XI DST filed a Form D with the SEC on February 14, 2019 claiming Rule 506(b). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $20,625,000 sold to 43 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.

Q: Is AEI Net Lease Portfolio XI DST registered with or approved by the SEC?

No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that AEI Net Lease Portfolio XI DST claimed Rule 506(b) and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.

Q: How much has AEI Net Lease Portfolio XI DST raised?

AEI Net Lease Portfolio XI DST reported $20,625,000 sold from 43 investors of a $20,625,000 total offering as of the Form D filed February 14, 2019.

Q: Who can invest in AEI Net Lease Portfolio XI DST?

The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $50,000.

Q: What is the minimum investment in AEI Net Lease Portfolio XI DST?

The Form D lists $50,000 as the minimum investment accepted from any outside investor as of February 14, 2019. Issuers can waive their own minimums, and the figure does not include fees.

Q: Who is selling AEI Net Lease Portfolio XI DST and how are they paid?

The Form D names Capital Investment Group, Inc. (CRD 40657), associated with None; Concorde Investment Services, LLC (CRD 151604), associated with None; McDermott Investment Services, LLC (CRD 154926), associated with None; Chalice Capital Partners, LLC (CRD 288898), associated with None and 10 others as recipients of sales compensation soliciting in AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, WA, WV, WY.

Q: Who is behind AEI Net Lease Portfolio XI DST?

The Form D lists 5 related persons: Robert P Johnson, executive officer, director; Patrick w Keene, executive officer; Manager w AEI Trust, promoter; Depositor, LLC w AEI Net Lease Portfolio XI, promoter; Advisors, Inc. w AEI Trust, promoter. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Q: Where is AEI Net Lease Portfolio XI DST located?

The issuer's address on its SEC filings is 30 East 7th Street, Suite 1300, St. Paul, MN 55101. Its phone number of record is 6512277333. It is organized under the laws of Delaware.

Q: How long is the AEI Net Lease Portfolio XI DST offering open?

The issuer indicated that the offering is not intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open; 3 amendments are on record for this CIK.

AltStreetEDGAR DatabaseAEI Net Lease Portfolio XI DST
SEC filing record
Primary Source · SEC.gov
AEI Net Lease Portfolio XI DST2019 vintageRule 506(b)Filing record
Built from the SEC filing index the day the filing landed. The figures below are the issuer's own from Form D; AltStreet's analysis, sponsor link and data flags follow when the entity is enriched.
Raised
$21M
Investors
43
Min Invest
$50,000
Is this your company or fund? Claim this page free, or verify it and carry the Verified Issuer mark.
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What this filing shows·Every sentence is a value as filed on SEC Form D
AEI Net Lease Portfolio XI DST is a Delaware entity that first filed a Form D on January 3, 2019 and most recently amended it on February 14, 2019 in the Commercial industry group. The offering claims Rule 506(b) and covers equity. AEI Net Lease Portfolio XI DST reported $20,625,000 sold from 43 investors of a $20,625,000 total offering as of the Form D filed February 14, 2019. The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $50,000. The Form D names Capital Investment Group, Inc. (CRD 40657), associated with None; Concorde Investment Services, LLC (CRD 151604), associated with None; McDermott Investment Services, LLC (CRD 154926), associated with None; Chalice Capital Partners, LLC (CRD 288898), associated with None and 10 others as recipients of sales compensation soliciting in AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, WA, WV, WY. The issuer's address of record is 30 East 7th Street, Suite 1300, St. Paul, MN 55101.
EDGAR Filing Data
Form D — Primary Source
View on SEC.gov 
CIK Number0001755087
Entity NameAEI Net Lease Portfolio XI DST
ExemptionRule 506(b)
What the exemption meansRule 506(b) of Regulation D: securities may be sold to an unlimited number of accredited investors and up to 35 non-accredited investors who meet the rule's sophistication standard, without general solicitation or advertising.
Entity TypeOther
Jurisdiction of OrganizationDelaware
Issuer Address30 East 7th Street, Suite 1300, St. Paul, MN 55101
Phone(651) 227-7333
Industry / Fund TypeCommercial
Securities TypeEquity
First Sale DateDecember 19, 2018
Filing DateFebruary 14, 2019
Accession Number0001755087-19-000004
Total Offering Amount$20,625,000
Total Amount Sold$20,625,000
Amount Remaining$0
Total Investors43
Non-Accredited InvestorsNone
Minimum Investment$50,000
Offering DurationOne year or less
Revenue RangeDecline to Disclose
State (Issuer Address)MN
Amendment Count4 filings on record
Filings on Record
Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.
D/AFebruary 14, 20190001755087-19-000004D/AFebruary 7, 20190001755087-19-000003D/AJanuary 18, 20190001755087-19-000002DJanuary 3, 20190001755087-19-000001
In the Terminal
Filing events
0
none on file
Critical / warning
0 / 0
0 watch · 0 info
Statements extracted
0
none on file
NAV prints
0
none on file
Offering chains
1
closed
Open in the terminal Watch this issuerInvestor $149/mo unlocks the values; Pro $349/mo adds the universe.
Fund family Part of the AEI Net Lease Portfolio DST family: 18 vehicles across 18 generations · full family and the filing behind each link in the terminal
Investor
The full fund family and any related vehicles (parallel, feeder, successor, sibling series) with the filing that shows each link
1 offering timeline: velocity, share raised, first-sale lag, stalled flags
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Related Persons (Form D)
Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.
Robert P Johnson
Executive Officer, Director · St. Paul, MN
Patrick w Keene
Executive Officer · St. Paul, MN
Manager w AEI Trust
Promoter · St. Paul, MN
Depositor, LLC w AEI Net Lease Portfolio XI
Promoter · St. Paul, MN
Advisors, Inc. w AEI Trust
Promoter · St. Paul, MN
Placement Agents and Sales Compensation (Form D)
Who the issuer reported paying to sell the securities (Form D Item 12), with the FINRA registration number the filer gave. Source: SEC.gov.
Capital Investment Group, Inc.CRD 40657 on BrokerCheck 
Associated broker-dealer: None · Raleigh, NC · Soliciting in AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, WA, WV, WY
Concorde Investment Services, LLCCRD 151604 on BrokerCheck 
Associated broker-dealer: None · Livonia, MI · Soliciting in AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
McDermott Investment Services, LLCCRD 154926 on BrokerCheck 
Associated broker-dealer: None · Bethlehem, PA · Soliciting in AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
Chalice Capital Partners, LLCCRD 288898 on BrokerCheck 
Associated broker-dealer: None · San Diego, CA · Soliciting in AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, MI, MN, MO, MS, MT, NC, ND, NE, NJ, NM, NV, NY, OH, OK, OR, PA, SC, SD, TN, TX, UT, VA, WA, WI, WV, WY
Kalos Capital, IncCRD 44337 on BrokerCheck 
Associated broker-dealer: None · Alpharetta, GA · Soliciting in AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
KCD Financial, IncCRD 127473 on BrokerCheck 
Associated broker-dealer: None · Green Bay, WI · Soliciting in AK, AL, AZ, CA, CO, CT, DC, FL, GA, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, WA, WI, WV, WY
Lincoln Financial Advisors CorpCRD 3978 on BrokerCheck 
Associated broker-dealer: None · Fort Wayne, IN · Soliciting in all states
Sandlapper Securities, LLCCRD 137906 on BrokerCheck 
Associated broker-dealer: None · Greenville, SC · Soliciting in AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
Wealthforge Securities, LLCCRD 152550 on BrokerCheck 
Associated broker-dealer: None · Richmond, VA · Soliciting in all states
American Portfolios Financial Services, Inc.CRD 18487 on BrokerCheck 
Associated broker-dealer: None · Holbrook, NY · Soliciting in all states
Berthel Fisher & CompanyCRD 13609 on BrokerCheck 
Associated broker-dealer: None · Cedar Rapids, IA · Soliciting in AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
HD Vest Investment ServicesCRD 13686 on BrokerCheck 
Associated broker-dealer: None · Irving, TX · Soliciting in all states
Triad Advisors LLCCRD 25803 on BrokerCheck 
Associated broker-dealer: None · Norcross, GA · Soliciting in all states
Harbour Investments, Inc.CRD 19285 on BrokerCheck 
Associated broker-dealer: None · Madison, WI · Soliciting in AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
Questions About AEI Net Lease Portfolio XI DST
Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.
What is AEI Net Lease Portfolio XI DST?AEI Net Lease Portfolio XI DST is a Delaware entity that filed a Form D with the SEC on February 14, 2019 in the Commercial industry group. The filing claims Rule 506(b) for an offering of equity.
Is AEI Net Lease Portfolio XI DST legit?AltStreet does not rate legitimacy; it reports the public record. AEI Net Lease Portfolio XI DST filed a Form D with the SEC on February 14, 2019 claiming Rule 506(b). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $20,625,000 sold to 43 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.
Is AEI Net Lease Portfolio XI DST registered with or approved by the SEC?No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that AEI Net Lease Portfolio XI DST claimed Rule 506(b) and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.
How much has AEI Net Lease Portfolio XI DST raised?AEI Net Lease Portfolio XI DST reported $20,625,000 sold from 43 investors of a $20,625,000 total offering as of the Form D filed February 14, 2019.
Who can invest in AEI Net Lease Portfolio XI DST?The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $50,000.
What is the minimum investment in AEI Net Lease Portfolio XI DST?The Form D lists $50,000 as the minimum investment accepted from any outside investor as of February 14, 2019. Issuers can waive their own minimums, and the figure does not include fees.
Who is selling AEI Net Lease Portfolio XI DST and how are they paid?The Form D names Capital Investment Group, Inc. (CRD 40657), associated with None; Concorde Investment Services, LLC (CRD 151604), associated with None; McDermott Investment Services, LLC (CRD 154926), associated with None; Chalice Capital Partners, LLC (CRD 288898), associated with None and 10 others as recipients of sales compensation soliciting in AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, WA, WV, WY.
Who is behind AEI Net Lease Portfolio XI DST?The Form D lists 5 related persons: Robert P Johnson, executive officer, director; Patrick w Keene, executive officer; Manager w AEI Trust, promoter; Depositor, LLC w AEI Net Lease Portfolio XI, promoter; Advisors, Inc. w AEI Trust, promoter. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is AEI Net Lease Portfolio XI DST located?The issuer's address on its SEC filings is 30 East 7th Street, Suite 1300, St. Paul, MN 55101. Its phone number of record is 6512277333. It is organized under the laws of Delaware.
How long is the AEI Net Lease Portfolio XI DST offering open?The issuer indicated that the offering is not intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open; 3 amendments are on record for this CIK.
What is AEI Net Lease Portfolio XI DST's revenue?The issuer declined to disclose its revenue range on the Form D, which the form permits.
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