Form D · Commercial

AEI NET LEASE PORTFOLIO 23 DST

St. Paul, MN · CIK 0001987775

Offering snapshot reported Apr 17, 2025 · SEC filing

Reported sold
$23.4M
Offering amount: $25.1M
Investors reported
62
Form D · investor count
Minimum accepted
$50K
Reported outside-investor minimum
First sale
Feb 13, 2024
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$11.7M$23.4MFeb 15, 2024: $499,820.00Feb 15, 2024Mar 14, 2024: $1,656,365.00Apr 25, 2024: $3,103,933.00Oct 3, 2024: $12,754,418.00Oct 17, 2024: $14,452,508.00Oct 31, 2024: $14,800,203.00Nov 19, 2024: $15,075,332.00Dec 13, 2024: $15,525,332.00Jan 31, 2025: $18,304,335.00Apr 17, 2025: $23,436,861.00Apr 17, 2025

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

  • Reported sold$18,304,335 → $23,436,861
  • Reported investors50 → 62

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Apr 17, 2025Amendment$23,436,861$5,132,526vs Jan 31, 202562SEC filing
Jan 31, 2025Amendment$18,304,335$2,779,003vs Dec 13, 202450SEC filing
Dec 13, 2024Amendment$15,525,332$450,000vs Nov 19, 202442SEC filing
Nov 19, 2024Amendment$15,075,332$275,129vs Oct 31, 202441SEC filing
Oct 31, 2024Amendment$14,800,203$347,695vs Oct 17, 202440SEC filing
Oct 17, 2024Amendment$14,452,508$1,698,090vs Oct 3, 202440SEC filing
Oct 3, 2024Amendment$12,754,418$9,650,485vs Apr 25, 202430SEC filing
Apr 25, 2024Amendment$3,103,933$1,447,568vs Mar 14, 20249SEC filing
Mar 14, 2024Amendment$1,656,365$1,156,545vs Feb 15, 20244SEC filing
Feb 15, 2024Initial$499,820No comparison1SEC filing

Offering details

Securities
Equity
Exemptions
06b
Duration over one year
No
Business combination
No
Sales commissions
$1.26M (estimated)
Finders' fees
$0 (estimated)
Form D file number
021-505389

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Avantax Investment Services, Inc.13686
Lincoln Financial Advisors Corp3978
FNEX Capital, LLC166316
Realized Financial, Inc.22333
AEI Securities, Inc.6158
DFPG Investments, LLC155576
Osaic Wealth, Inc.23131
McDermott Investment Services LLC154926
Concorde Investment Services, LLC151604
RCX Capital Group, LLC114290
Trident Partners Ltd41258
Saxony Securities, Inc.115547

Source: Form D, filed Apr 17, 2025. Minimum accepted may differ from a standard advertised minimum.

Fund connections

No matching detailed fund disclosure was found in the latest imported ADV filings. This does not establish that the issuer has no adviser.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
NameReported role
Advisors, Inc. Aei Trust Promoter
Manager, Llc Aei Trust Promoter
M J Nygard Director, Executive
Marni J Nygard Director, Executive
Keith Petersen Executive
Kevin Steele Director

Issuer details

Industry: Commercial (See others in industry)

Address:
30 E 7 Th Street Suite 1300
St. Paul, MN, 55101
Phone: 651-227-7333