PREP Essential Net Lease I DST is a real estate fund based in Park City, Utah. Its most recent Form D, filed Apr 7, 2026, reports no sales yet. The minimum investment it accepts from an outside investor is $50,000. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Sara Brennan; Michael Phillips; PREP Exchange LLC.
- Total raised
- $0Cumulative sales reported on Form D
- Investors
- 0
- First sale
- —
- Minimum investment
- $50,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Sara Brennan; Michael Phillips; PREP Exchange LLC
- Latest Form D
- Apr 7, 2026
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about PREP Essential Net Lease I DST
What is the minimum investment for PREP Essential Net Lease I DST?
According to its latest Form D, filed Apr 7, 2026, the minimum investment PREP Essential Net Lease I DST accepts from an outside investor is $50,000.
Who can invest in PREP Essential Net Lease I DST?
PREP Essential Net Lease I DST is generally open only to investors who meet the eligibility rules in its offering documents. It uses Rule 506(c), so it may advertise, but every investor must be verified as accredited.
How much has PREP Essential Net Lease I DST raised?
PREP Essential Net Lease I DST's latest Form D, filed Apr 7, 2026, reports no sales yet.
Where is PREP Essential Net Lease I DST based?
PREP Essential Net Lease I DST is based in Park City, Utah.
Size compared with every real estate fund
This fund hasn't reported any sales yet.