The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM D Notice of Exempt Offering of Securities |
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1. Issuer's Identity
CIK (Filer ID Number) | Previous Names |
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Entity Type | ||||||||||||
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0001927621 |
Statutory Trust |
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Name of Issuer | |||||||||||||||
AEI Net Lease Portfolio 20 DST | |||||||||||||||
Jurisdiction of Incorporation/Organization | |||||||||||||||
DELAWARE | |||||||||||||||
Year of Incorporation/Organization | |||||||||||||||
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2. Principal Place of Business and Contact Information
Name of Issuer | |||
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AEI Net Lease Portfolio 20 DST | |||
Street Address 1 | Street Address 2 | ||
30 E 7TH STREET | SUITE 1300 | ||
City | State/Province/Country | ZIP/PostalCode | Phone Number of Issuer |
ST. PAUL | MINNESOTA | 55101 | 651-227-7333 |
3. Related Persons
Last Name | First Name | Middle Name |
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Nygard | Marni | J |
Street Address 1 | Street Address 2 | |
30 E 7th Street | Suite 1300 | |
City | State/Province/Country | ZIP/PostalCode |
St. Paul | MINNESOTA | 55101 |
Relationship: | X | Executive Officer | X | Director | Promoter |
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Clarification of Response (if Necessary):
President of the Issuer's ManagerLast Name | First Name | Middle Name |
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AEI Trust | Advisors, Inc. | |
Street Address 1 | Street Address 2 | |
30 E 7th Street | Suite 1300 | |
City | State/Province/Country | ZIP/PostalCode |
St. Paul | MINNESOTA | 55101 |
Relationship: | Executive Officer | Director | X | Promoter |
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Clarification of Response (if Necessary):
Last Name | First Name | Middle Name |
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AEI Trust | Manager, LLC | |
Street Address 1 | Street Address 2 | |
30 E 7th Street | Suite 1300 | |
City | State/Province/Country | ZIP/PostalCode |
St. Paul | MINNESOTA | 55101 |
Relationship: | Executive Officer | Director | X | Promoter |
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Clarification of Response (if Necessary):
Last Name | First Name | Middle Name |
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AEI Net Lease Portfolio | 20 Depositor, LLC | |
Street Address 1 | Street Address 2 | |
30 E 7th Street | Suite 1300 | |
City | State/Province/Country | ZIP/PostalCode |
St. Paul | MINNESOTA | 55101 |
Relationship: | Executive Officer | Director | X | Promoter |
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Clarification of Response (if Necessary):
Last Name | First Name | Middle Name |
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Petersen | Keith | |
Street Address 1 | Street Address 2 | |
30 E 7th Street | Suite 1300 | |
City | State/Province/Country | ZIP/PostalCode |
St. Paul | MINNESOTA | 55101 |
Relationship: | X | Executive Officer | Director | Promoter |
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Clarification of Response (if Necessary):
Chief Financial Office of the Issuer's ManagerLast Name | First Name | Middle Name |
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Steele | Kevin | |
Street Address 1 | Street Address 2 | |
30 E 7th Street | Suite 1300 | |
City | State/Province/Country | ZIP/PostalCode |
St. Paul | MINNESOTA | 55101 |
Relationship: | X | Executive Officer | Director | Promoter |
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Clarification of Response (if Necessary):
Chief Operating Officer of the Issuer's Manager4. Industry Group
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5. Issuer Size
Revenue Range | OR | Aggregate Net Asset Value Range | ||
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No Revenues | No Aggregate Net Asset Value | |||
$1 - $1,000,000 | $1 - $5,000,000 | |||
$1,000,001 - $5,000,000 | $5,000,001 - $25,000,000 | |||
$5,000,001 - $25,000,000 | $25,000,001 - $50,000,000 | |||
$25,000,001 - $100,000,000 | $50,000,001 - $100,000,000 | |||
Over $100,000,000 | Over $100,000,000 | |||
X | Decline to Disclose | Decline to Disclose | ||
Not Applicable | Not Applicable |
6. Federal Exemption(s) and Exclusion(s) Claimed (select all that apply)
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7. Type of Filing
New Notice | Date of First Sale | 2022-09-21 | First Sale Yet to Occur | ||||||
X | Amendment |
8. Duration of Offering
Does the Issuer intend this offering to last more than one year? |
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9. Type(s) of Securities Offered (select all that apply)
X | Equity | Pooled Investment Fund Interests | |
Debt | Tenant-in-Common Securities | ||
Option, Warrant or Other Right to Acquire Another Security | Mineral Property Securities | ||
Security to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire Security | Other (describe) | ||
10. Business Combination Transaction
Is this offering being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer? |
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Clarification of Response (if Necessary):
11. Minimum Investment
Minimum investment accepted from any outside investor | $50,000 | USD |
12. Sales Compensation
Recipient |
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AEI Securities, Inc. | 6158 | |||||||
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None | None | |||||||
Street Address 1 | Street Address 2 | |||||||
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1300 Wells Fargo Place | 30 East Seventh Street | |||||||
City | State/Province/Country | ZIP/Postal Code | ||||||
St. Paul | MINNESOTA | 55101 | ||||||
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Recipient |
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Avantax Investment Services, Inc. | 13686 | ||||||
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None | None | ||||||
Street Address 1 | Street Address 2 | ||||||
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3200 Olympus Boulevard | Suite 100 | ||||||
City | State/Province/Country | ZIP/Postal Code | |||||
Dallas | TEXAS | 75019 | |||||
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Recipient |
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Concorde Investment Services, LLC | 151604 | ||||||
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None | None | ||||||
Street Address 1 | Street Address 2 | ||||||
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19500 Victor Parkway | Suite 550 | ||||||
City | State/Province/Country | ZIP/Postal Code | |||||
Livonia | MICHIGAN | 48152 | |||||
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Recipient |
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Aurora Securities | 46147 | ||||||||||||||||||||||||||||||||||||
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None | None | ||||||||||||||||||||||||||||||||||||
Street Address 1 | Street Address 2 | ||||||||||||||||||||||||||||||||||||
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2565 West Maple | |||||||||||||||||||||||||||||||||||||
City | State/Province/Country | ZIP/Postal Code | |||||||||||||||||||||||||||||||||||
Troy | MICHIGAN | 48084 | |||||||||||||||||||||||||||||||||||
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Recipient |
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Berthel, Fisher & Company Financial Services, Inc. | 13609 | ||||||
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None | None | ||||||
Street Address 1 | Street Address 2 | ||||||
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4201 42nd Street Northeast | Suite 100 | ||||||
City | State/Province/Country | ZIP/Postal Code | |||||
Cedar Rapids | IOWA | 52402 | |||||
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Recipient |
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Lincoln Financial Advisors Corp | 3978 | ||||||
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None | None | ||||||
Street Address 1 | Street Address 2 | ||||||
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1301 South Harrison Street | |||||||
City | State/Province/Country | ZIP/Postal Code | |||||
Fort Wayne | INDIANA | 46802 | |||||
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Recipient |
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McDermott Investment Services LLC | 154926 | ||||||
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None | None | ||||||
Street Address 1 | Street Address 2 | ||||||
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44 East Broad Street | 2nd Floor | ||||||
City | State/Province/Country | ZIP/Postal Code | |||||
Bethlehem | PENNSYLVANIA | 18018 | |||||
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Recipient |
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Metropolitan Capital Investment Banc, Inc. | 148820 | ||||||
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None | None | ||||||
Street Address 1 | Street Address 2 | ||||||
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9 East Ontario | |||||||
City | State/Province/Country | ZIP/Postal Code | |||||
Chicago | ILLINOIS | 60611 | |||||
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Recipient |
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Royal Alliance Associates, Inc | 23131 | ||||||
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None | None | ||||||
Street Address 1 | Street Address 2 | ||||||
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10 Exchange Place | Suite 1410 | ||||||
City | State/Province/Country | ZIP/Postal Code | |||||
Jersey City | NEW JERSEY | 07302 | |||||
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Recipient |
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Arkadios Capital | 282710 | ||||||
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None | None | ||||||
Street Address 1 | Street Address 2 | ||||||
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309 East Paces Ferry Road | Suite 1000 | ||||||
City | State/Province/Country | ZIP/Postal Code | |||||
Atlanta | GEORGIA | 30305 | |||||
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Recipient |
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Northland Securities, Inc | 40258 | ||||||
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None | None | ||||||
Street Address 1 | Street Address 2 | ||||||
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150 South Fifth Street | Suite 3300 | ||||||
City | State/Province/Country | ZIP/Postal Code | |||||
Minneapolis | MINNESOTA | 55402 | |||||
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Recipient |
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Whitehall-Parker Securities, Inc | 10608 | ||||||||||||||||||||
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None | None | ||||||||||||||||||||
Street Address 1 | Street Address 2 | ||||||||||||||||||||
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117 Paul Drive | Suite B | ||||||||||||||||||||
City | State/Province/Country | ZIP/Postal Code | |||||||||||||||||||
San Rafel | CALIFORNIA | 94903 | |||||||||||||||||||
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Recipient |
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Harbour Investments, Inc | 19258 | ||||||
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None | None | ||||||
Street Address 1 | Street Address 2 | ||||||
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575 D'Onofrio Drive | Suite 300 | ||||||
City | State/Province/Country | ZIP/Postal Code | |||||
Madison | WISCONSIN | 53719 | |||||
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Recipient |
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Patrick Capital Markets LLC | 16518 | ||||||
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None | None | ||||||
Street Address 1 | Street Address 2 | ||||||
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11152 South Towne Square | |||||||
City | State/Province/Country | ZIP/Postal Code | |||||
St. Louis | MISSOURI | 63123 | |||||
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Recipient |
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Triad Advisors LLC | 25803 | ||||||
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None | None | ||||||
Street Address 1 | Street Address 2 | ||||||
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5155 Peachtree Parkway | Suite 3220 | ||||||
City | State/Province/Country | ZIP/Postal Code | |||||
Norcross | GEORGIA | 30092 | |||||
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Recipient |
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DFPG Investments, LLC | 155576 | ||||||
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None | None | ||||||
Street Address 1 | Street Address 2 | ||||||
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9017 South Riverside Drive | Suite 210 | ||||||
City | State/Province/Country | ZIP/Postal Code | |||||
Sandy | UTAH | 84070 | |||||
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Recipient |
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FNEX Capital, LLC | 166316 | ||||||
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None | None | ||||||
Street Address 1 | Street Address 2 | ||||||
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One Indiana Square | Suite 2252 | ||||||
City | State/Province/Country | ZIP/Postal Code | |||||
Indianapolis | INDIANA | 46204 | |||||
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Recipient |
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SagePoint Financial, Inc. | 133763 | ||||||
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None | None | ||||||
Street Address 1 | Street Address 2 | ||||||
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20 East Thomas Road | Suite 2000 | ||||||
City | State/Province/Country | ZIP/Postal Code | |||||
Phoenix | ARIZONA | 85012 | |||||
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13. Offering and Sales Amounts
Total Offering Amount | $32,470,000 | USD |
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Total Amount Sold | $31,523,692 | USD | ||||
Total Remaining to be Sold | $946,308 | USD |
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Clarification of Response (if Necessary):
14. Investors
Select if securities in the offering have been or may be sold to persons who do not qualify as accredited investors, and enter the number of such non-accredited investors who already have invested in the offering. | |||
Regardless of whether securities in the offering have been or may be sold to persons who do not qualify as accredited investors, enter the total number of investors who already have invested in the offering: |
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15. Sales Commissions & Finder's Fees Expenses
Provide separately the amounts of sales commissions and finders fees expenses, if any. If the amount of an expenditure is not known, provide an estimate and check the box next to the amount.
Sales Commissions | $1,623,500 | USD |
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Finders' Fees | $0 | USD |
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Clarification of Response (if Necessary):
16. Use of Proceeds
Provide the amount of the gross proceeds of the offering that has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters in response to Item 3 above. If the amount is unknown, provide an estimate and check the box next to the amount.
$4,210,000 | USD |
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Clarification of Response (if Necessary):
AEI Net Lease Portfolio 20 Depositor, LLC will be responsible for paying certain fees and costs of approximately $2,911,200.Signature and Submission
Please verify the information you have entered and review the Terms of Submission below before signing and clicking SUBMIT below to file this notice.
Terms of Submission
In submitting this notice, each issuer named above is: |
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Each Issuer identified above has read this notice, knows the contents to be true, and has duly caused this notice to be signed on its behalf by the undersigned duly authorized person.
For signature, type in the signer's name or other letters or characters adopted or authorized as the signer's signature.
Issuer | Signature | Name of Signer | Title | Date |
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AEI Net Lease Portfolio 20 DST | RONA L NEWTSON | RONA L NEWTSON AUTHORIZED SIGNATORY FOR MARNI J NYGARD | President of the Issuer's Manager | 2023-01-26 |
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.
* This undertaking does not affect any limits Section 102(a) of the National Securities Markets Improvement Act of 1996 ("NSMIA") [Pub. L. No. 104-290, 110 Stat. 3416 (Oct. 11, 1996)] imposes on the ability of States to require information. As a result, if the securities that are the subject of this Form D are "covered securities" for purposes of NSMIA, whether in all instances or due to the nature of the offering that is the subject of this Form D, States cannot routinely require offering materials under this undertaking or otherwise and can require offering materials only to the extent NSMIA permits them to do so under NSMIA's preservation of their anti-fraud authority.