Secure Properties Launches DST Platform, Closes First Net-Lease Industrial Deal 

Secure Properties has launched Secure Real Estate Exchange, a new Delaware Statutory Trust (DST) platform designed to provide investors with access to net lease real estate that may qualify for Section 1031 like-kind exchange treatment. 

Alongside the platform debut, Secure announced its first DST acquisition: a 123,000-square-foot industrial facility in Tallahassee, Florida, leased on a long-term net basis to a publicly traded, investment-grade e-commerce tenant. The offering is structured as Secure Net Lease Industrial I, DST, with Orchard Securities, LLC serving as exclusive managing broker-dealer. 

The Secure Real Estate Exchange platform is intended to be scalable and long-term, with plans to roll out a series of DST offerings focused on high-quality net lease assets across sectors and geographies. Investors using the platform will have the ability to complete Section 1031 exchanges and reinvest proceeds into property interests structured to maintain tax deferral upon disposition. 

Brian Mansouri, managing principal of Secure Properties, will serve as president of Secure Real Estate Exchange. 

“We’ve always focused on creating flexible, institutional-quality investment solutions,” Mansouri said. “The DST structure allows us to bring that same approach to investors seeking tax efficiency, simplicity, and access to high-quality net lease real estate.” 

Secure currently owns more than 400 properties nationwide and manages over $1.5 billion in assets. The firm targets a broad range of net lease property types and markets across the U.S.