SEC filing record
Primary Source · SEC.gov

GSA Birmingham Government Lease Investors DST

2022 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

$108M

Investors

255

Min Invest

None stated

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What this filing shows

·

Every sentence is a value as filed on SEC Form D

GSA Birmingham Government Lease Investors DST is a Delaware entity that first filed a Form D on May 27, 2022 and most recently amended it on March 3, 2023 in the Other Real Estate industry group. The offering claims Rule 506(b). GSA Birmingham Government Lease Investors DST reported $108,122,783 sold from 255 investors of a $111,338,114 total offering as of the Form D filed March 3, 2023. 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 filing lists the minimum investment as $0, meaning no minimum was stated. The Form D names Great Point Capital, LLC (CRD 114203), associated with None; Cabin Securities, Inc. (CRD 137608), associated with None; TCFG Wealth Management, LLC (CRD 164153), associated with None; Colorado Financial Service Corporation (CRD 104343), associated with None and 29 others as recipients of sales compensation soliciting in all states. The issuer's address of record is 10 Tara Boulevard, Suite 501, C/O Net Lease Capital Advisors LLC, Nashua, NH 03062.

Critical Disclosures

What the filings and the regulators have said about this entity that a reader should know first. Each line links to its source. The history, the same event across other issuers, and alerts are in the terminal.

Reporting lapsed · Form D · last filing March 3, 2023

Offering declared to continue beyond a year; annual amendment 13+ months overdue An issuer that stops filing is the case the going-concern flag cannot catch: the report that would have carried it was never filed.

Timeline
Each line is a fact as filed. The history behind it, the same event across other issuers, and an alert on the next one:Open in the terminal Watch this issuer

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0001931116
Entity NameGSA Birmingham Government Lease Investors 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 Address10 Tara Boulevard, Suite 501, C/O Net Lease Capital Advisors LLC, Nashua, NH 03062
Phone(603) 598-9500
Industry / Fund TypeOther Real Estate
Securities Type—
First Sale DateJune 8, 2022
Filing DateMarch 3, 2023
Accession Number0000932440-23-000012
Total Offering Amount$111,338,114
Total Amount Sold$108,122,783
Amount Remaining$3,215,331
Total Investors255
Non-Accredited InvestorsNone
Minimum Investment$0 (no stated minimum)
Offering DurationIntended to last more than one year
Revenue RangeNot Applicable
State (Issuer Address)NH
Amendment Count7 filings on record

Filings on Record

Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.

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

dark

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Investor

  • 1 offering timeline: velocity, share raised, first-sale lag, stalled flags

Pro

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Related Persons (Form D)

Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.

Douglas F. Blough

Executive Officer · Nashua, NH

Bruce S. MacDonald

Executive Officer · Nashua, NH

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.

Great Point Capital, LLCCRD 114203 on BrokerCheck

Associated broker-dealer: None · CHICAGO, IL · Soliciting in all states

Cabin Securities, Inc.CRD 137608 on BrokerCheck

Associated broker-dealer: None · OVERLAND PARK, KS · 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, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY

TCFG Wealth Management, LLCCRD 164153 on BrokerCheck

Associated broker-dealer: None · LAGUNA MIQUEL, CA · Soliciting in AK, AL, AR, AZ, CA, CO, CT, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, WA, WI, WV, WY

Colorado Financial Service CorporationCRD 104343 on BrokerCheck

Associated broker-dealer: None · CENTENNIAL, CO · Soliciting in AK, AL, AR, AZ, CA, CO, CT, 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, PR, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY

Arkadios CapitalCRD 282710 on BrokerCheck

Associated broker-dealer: None · ATLANTA, GA · Soliciting in all states

Capulent LLCCRD 155155 on BrokerCheck

Associated broker-dealer: None · PHOENIX, AZ · Soliciting in AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, KS, LA, MA, MD, ME, MI, MN, MO, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV

Emerson Equity, LLCCRD 130032 on BrokerCheck

Associated broker-dealer: None · SAN MATEO, CA · Soliciting in all states

McDermott Investment Services, LLCCRD 154926 on BrokerCheck

Associated broker-dealer: None · BETHLEHEM, PA · Soliciting in all states

WealthForge Securities, LLCCRD 152550 on BrokerCheck

Associated broker-dealer: None · RICHMOND, VA · Soliciting in all states

IBN Financial Services, Inc.CRD 42360 on BrokerCheck

Associated broker-dealer: None · LIVERPOOL, NY · Soliciting in 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, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI

FNEX Capital, LLCCRD 166316 on BrokerCheck

Associated broker-dealer: None · INDIANAPOLIS, IN · Soliciting in all states

ClearFP Securities, LLCCRD 312370 on BrokerCheck

Associated broker-dealer: None · LAKE OSWEGO, OR · Soliciting in AK, AL, AR, AZ, CA, CO, CT, FL, HI, IA, ID, MD, MI, MT, NC, NH, NV, NY, OK, OR, PA, PR, TN, TX, UT, WA, WI, WY

MHL InvestmentsCRD 2535 on BrokerCheck

Associated broker-dealer: None · MIDVALE, UT · Soliciting in AK, AZ, CA, CO, CT, DE, FL, GA, IA, ID, IL, IN, LA, MD, MI, MO, MT, NC, NJ, NV, NY, OH, OK, OR, PA, SC, SD, TN, TX, UT, VA, WA, WI, WY

Investment Security CorporationCRD 47536 on BrokerCheck

Associated broker-dealer: None · CALABASAS, CA · Soliciting in AZ, CA, FL, IN, NM, NV, OR, TX, UT, WY

Metropolitan Capital Investment Banc, Inc.CRD 148820 on BrokerCheck

Associated broker-dealer: None · CHICAGO, IL · 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

LightPath Capital, Inc.CRD 34617 on BrokerCheck

Associated broker-dealer: None · SOUTHLAKE, TX · Soliciting in AL, AR, AZ, CA, CO, CT, FL, HI, LA, MA, MD, MS, MT, NC, NM, NV, NY, OH, OK, OR, PA, TX, VA, WA

Cape Securities Inc.CRD 7072 on BrokerCheck

Associated broker-dealer: None · MCDONOUGH, GA · Soliciting in all states

Willow Cove Investment Group, Inc.CRD 107824 on BrokerCheck

Associated broker-dealer: None · WINNECONNIE, WI · Soliciting in AZ, CA, FL, IL, ND, NV, OR, TX, WI

Saxony Securities, Inc.CRD 115547 on BrokerCheck

Associated broker-dealer: None · ST. LOUIS, MO · Soliciting in all states

Purshe Kaplan Sterling InvestmentsCRD 35747 on BrokerCheck

Associated broker-dealer: None · ALBANY, NY · Soliciting in all states

Aurora SecuritiesCRD 46147 on BrokerCheck

Associated broker-dealer: None · TROY, MI · Soliciting in AK, AL, AZ, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, LA, MD, MI, MN, MO, MT, NC, NE, NJ, NV, NY, OH, OK, OR, PA, SC, TN, TX, VA, WA, WI

JRL Capital CorporationCRD 10225 on BrokerCheck

Associated broker-dealer: None · IRVINE, CA · Soliciting in AL, AZ, CA, CO, FL, HI, ID, IL, MD, NJ, NV, NY, OR, SD, TN, TX, UT, WA

Stax CapitalCRD 300607 on BrokerCheck

Associated broker-dealer: None · SAN DIEGO, CA · Soliciting in AZ, CA, CO, CT, FL, GA, IA, ID, MN, MT, NC, NJ, NM, NV, NY, OR, SC, TX, UT, VA, WA

Thornhill Securities, Inc.CRD 22333 on BrokerCheck

Associated broker-dealer: None · AUSTIN, TX · Soliciting in all states

Patrick Capital Markets, LLCCRD 16518 on BrokerCheck

Associated broker-dealer: None · ST. LOUIS, MO · 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

Berthel, Fisher & Company Financial Services, Inc.CRD 13609 on BrokerCheck

Associated broker-dealer: None · CEDAR RAPIDS, IA · Soliciting in all states

Newbridge Securities CorporationCRD 104065 on BrokerCheck

Associated broker-dealer: None · BOCA RATON, FL · 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

Moloney Securities Co., Inc.CRD 38535 on BrokerCheck

Associated broker-dealer: None · BOCA RATON, FL · Soliciting in all states

Alexander Capital LPCRD 40077 on BrokerCheck

Associated broker-dealer: None · NEW YORK, NY · Soliciting in all states

Whitehall-Parker Securities, Inc.CRD 10608 on BrokerCheck

Associated broker-dealer: None · SAN RAFAEL, CA · Soliciting in AZ, CA, CO, CT, FL, GA, ID, IL, KS, MA, ME, MI, NJ, NM, NV, NY, OR, SC, TX, UT, WA

Stonecrest Capital Markets, Inc.CRD 39616 on BrokerCheck

Associated broker-dealer: None · AUSTIN, TX · Soliciting in AL, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, IL, KS, KY, LA, MA, MD, ME, MN, MO, MT, NC, NE, NJ, NV, NY, OH, OK, OR, PA, PR, RI, SC, TN, TX, VA, WA, WI

Realized Financial, Inc.CRD 22333 on BrokerCheck

Associated broker-dealer: None · AUSTIN, TX · Soliciting in all states

Calton & Associates, Inc.CRD 20999 on BrokerCheck

Associated broker-dealer: None · TAMPA, FL · Soliciting in all states

Questions About GSA Birmingham Government Lease Investors DST

Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.

What is GSA Birmingham Government Lease Investors DST?

GSA Birmingham Government Lease Investors DST is a Delaware entity that filed a Form D with the SEC on March 3, 2023 in the Other Real Estate industry group. The filing claims Rule 506(b).

Is GSA Birmingham Government Lease Investors DST legit?

AltStreet does not rate legitimacy; it reports the public record. GSA Birmingham Government Lease Investors DST filed a Form D with the SEC on March 3, 2023 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 $108,122,783 sold to 255 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 GSA Birmingham Government Lease Investors 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 GSA Birmingham Government Lease Investors 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 GSA Birmingham Government Lease Investors DST raised?

GSA Birmingham Government Lease Investors DST reported $108,122,783 sold from 255 investors of a $111,338,114 total offering as of the Form D filed March 3, 2023.

Who can invest in GSA Birmingham Government Lease Investors 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 filing lists the minimum investment as $0, meaning no minimum was stated.

What is the minimum investment in GSA Birmingham Government Lease Investors DST?

The Form D lists the minimum investment as $0, which means the issuer did not state a minimum on the form. The offering documents, not the Form D, set the actual subscription terms.

Who is selling GSA Birmingham Government Lease Investors DST and how are they paid?

The Form D names Great Point Capital, LLC (CRD 114203), associated with None; Cabin Securities, Inc. (CRD 137608), associated with None; TCFG Wealth Management, LLC (CRD 164153), associated with None; Colorado Financial Service Corporation (CRD 104343), associated with None and 29 others as recipients of sales compensation soliciting in all states.

Who is behind GSA Birmingham Government Lease Investors DST?

The Form D lists 2 related persons: Douglas F. Blough, executive officer; Bruce S. MacDonald, executive officer. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Where is GSA Birmingham Government Lease Investors DST located?

The issuer's address on its SEC filings is 10 Tara Boulevard, Suite 501, C/O Net Lease Capital Advisors LLC, Nashua, NH 03062. Its phone number of record is 6035989500. It is organized under the laws of Delaware.

How long is the GSA Birmingham Government Lease Investors DST offering open?

The issuer indicated that the offering is intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open; 6 amendments are on record for this CIK.

What is GSA Birmingham Government Lease Investors DST's revenue?

The Form D reports a revenue range of Not Applicable.

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Data Methodology

Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.