Executive Summary

The sponsor is raising $116,607,479 in equity for the NREX II DST. The offering carries an upfront sales load of up to 6.0% of total equity invested, with no debt financing utilized across the structure. The equity fully funds the four-asset portfolio acquisition and associated syndication expenses.

The offering seeks to raise $116,607,479 in equity to fund a four-property portfolio spanning retail and industrial assets in four distinct geographic markets. The portfolio was acquired for $108,153,437 with zero offering debt (0% LTV). Projected initial distribution is 5.25% with a stated term of 20 Years.

The portfolio features an all-equity capital structure with 0% leverage, eliminating debt service obligations and refinancing risk. It offers geographic and asset class diversification across four properties in Illinois, Georgia, Pennsylvania, and Utah covering retail and industrial sectors. Additionally, the offering is backed by Nuveen Real Estate Exchange LLC, an institutional sponsor with $137,000,000,000 in assets under management.

Total sources consist entirely of $116,607,479 in offering equity, with $0 in loan proceeds. Primary uses include the $108,153,437 acquisition price, an upfront sales load of up to 6%, $250,000 in organizational and offering expense reimbursements, and $1,031 in finance expenses.

Key considerations include the extended 20-year term and the vintage of certain assets, such as Elston Plaza, which was built in 1983. Additionally, specific property-level operational details, individual lease terms, and tenant credit profiles are not disclosed. Upfront load and fees total approximately 6% of equity plus $250,000 in expense reimbursements.

The total offering equity of $116,607,479 represents an $8,454,042 load (approximately 7.82% above the $108,153,437 acquisition price), which includes an upfront sales load of up to 6.0%, $250,000 in organizational and offering expense reimbursements, and $1,031 in finance expenses. The Year 1 projected distribution rate is 5.25%.