FORM D
Notice of Exempt Offering of Securities

UNITED STATES SECURITIES
AND EXCHANGE COMMISSION
Washington, D.C.

OMB APPROVAL
OMB Number: 3235-0076
Estimated Average burden hours per response: 4.0
1. Issuer's Identity
CIK (Filer ID Number)Previous Name(s)Checkbox checkedNoneEntity Type
0002051341
Radio button not checkedCorporation
Radio button not checked Limited Partnership
Radio button not checked Limited Liability Company
Radio button not checked General Partnership
Radio button not checked Business Trust
Radio button checkedOther
Delaware Statutory Trust
 
Name of Issuer
 DTW Air Cargo Logistics DST
Jurisdiction of Incorporation/Organization
DELAWARE 
Year of Incorporation/Organization
Radio button not checkedOver Five Years Ago
Radio button checkedWithin Last Five Years (Specify Year)
2021
Radio button not checkedYet to Be Formed
 
  
  
 
2. Principal Place of Business and Contact Information
Name of Issuer
 DTW Air Cargo Logistics DST
Street Address 1Street Address 2
 C/O NET LEASE CAPITAL ADVISORS LLC
 10 TARA BOULEVARD, SUITE 501
CityState/Province/CountryZIP/Postal CodePhone No. of Issuer
 NASHUA
 NEW HAMPSHIRE
 
 03062
 603-686-8276 



3. Related Persons

Last NameFirst NameMiddle Name
Blough
Douglas
F.
Street Address 1Street Address 2
 c/o Net Lease Capital Advisors LLC 
 10 Tara Boulevard, Suite 501
CityState/Province/CountryZIP/Postal Code
 Nashua
 NEW HAMPSHIRE
 03062
 
Relationship:Checkbox checkedExecutive OfficerCheckbox not checkedDirectorCheckbox not checkedPromoter
Clarification of Response (if Necessary)


Last NameFirst NameMiddle Name
MacDonald
Bruce
S.
Street Address 1Street Address 2
 c/o Net Lease Capital Advisors LLC 
 10 Tara Boulevard, Suite 501
CityState/Province/CountryZIP/Postal Code
 Nashua
 NEW HAMPSHIRE
 03062
 
Relationship:Checkbox checkedExecutive OfficerCheckbox not checkedDirectorCheckbox not checkedPromoter
Clarification of Response (if Necessary)




4. Industry Group
 Radio button not checkedAgriculture
Banking & Financial Services
 Radio button not checked Commercial Banking
 Radio button not checked Insurance
 Radio button not checkedInvesting
 Radio button not checked Investment Banking
 Radio button not checked Pooled Investment Fund

 Radio button not checkedOther Banking & Financial Services
Radio button not checked Business Services
Energy
 Radio button not checked Coal Mining
 Radio button not checked Electric Utilities
 Radio button not checked Energy Conservation
 Radio button not checked Environmental Services
 Radio button not checked Oil & Gas
 Radio button not checked Other Energy
Health Care
 Radio button not checked Biotechnology
 Radio button not checked Health Insurance
 Radio button not checked Hospitals & Physicians
 Radio button not checked Pharmaceuticals
 Radio button not checked Other Health Care
   
   
   
  
Radio button not checked Manufacturing
Real Estate
 Radio button not checkedCommercial
 Radio button not checkedConstruction
 Radio button not checkedREITS & Finance
 Radio button not checkedResidential
Radio button checkedOther Real Estate
Radio button not checked Retailing
Radio button not checkedRestaurants
Technology
Radio button not checked Computers
Radio button not checked Telecommunications
Radio button not checked Other Technology
Travel
Radio button not checked Airlines & Airports
Radio button not checked Lodging & Conventions
Radio button not checked Tourism & Travel Services
Radio button not checked Other Travel
Radio button not checkedOther

  
   
5. Issuer Size
Revenue RangeAggregate Net Asset Value Range
Radio button not checkedNo RevenuesRadio button not checked No Aggregate Net Asset Value
Radio button not checked $1 - $1,000,000Radio button not checked$1 - $5,000,000
Radio button not checked $1,000,001 - $5,000,000Radio button not checked $5,000,001 - $25,000,000
Radio button not checked$5,000,001 - $25,000,000Radio button not checked $25,000,001 - $50,000,000
Radio button not checked$25,000,001 - $100,000,000Radio button not checked $50,000,001 - $100,000,000
Radio button not checked Over $100,000,000Radio button not checked Over $100,000,000
Radio button not checked Decline to Disclose Radio button not checkedDecline to Disclose
Radio button checked Not ApplicableRadio button not checked Not Applicable

 
6. Federal Exemption(s) and Exclusion(s) Claimed (select all that apply)
Checkbox not checkedRule 504(b)(1) (not (i), (ii)
or (iii))		Checkbox checkedRule 506(b)      
Checkbox not checkedRule 504 (b)(1)(i) Checkbox not checkedRule 506(c)
Checkbox not checkedRule 504 (b)(1)(ii) Checkbox not checkedSecurities Act Section 4(a)(5)
Checkbox not checkedRule 504 (b)(1)(iii)Checkbox not checkedInvestment Company Act Section 3(c)
 
 

7. Type of Filing
Checkbox not checked New Notice Date of First Sale 
2024-12-24
Checkbox not checked First Sale Yet to Occur
Checkbox checked Amendment


 
 
8. Duration of Offering
Does the Issuer intend this offering to last more than one year? Radio button checked Yes Radio button not checked No
 
 
9. Type(s) of Securities Offered (select all that apply)
Checkbox not checkedPooled Investment Fund InterestsCheckbox not checkedEquity
Checkbox not checkedTenant-in-Common Securities Checkbox not checkedDebt
Checkbox not checkedMineral Property SecuritiesCheckbox not checkedOption, Warrant or Other Right to Acquire Another Security
Checkbox not checkedSecurity to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire SecurityCheckbox checkedOther (describe)
Beneficial interests in a Delaware statutory trust
 
 
10. Business Combination Transaction
Is this offering being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer? Radio button not checked Yes Radio button checked No
Clarification of Response (if Necessary)
 
 
 
11. Minimum Investment
Minimum investment accepted from any outside investor$
 150000
USD

12. Sales Compensation
Recipient Recipient CRD NumberCheckbox not checkedNone
 Realta Equities, Inc.
 000023769
(Associated) Broker or DealerCheckbox checkedNone(Associated) Broker or Dealer CRD Number Checkbox checkedNone
  
  
Street Address 1      Street Address 2
12636 HIGH BLUFF DRIVE
SUITE 300
City State/Province/CountryZIP/Postal Code
 SAN DIEGO
 CALIFORNIA
 92130
State(s) of SolicitationCheckbox not checkedAll StatesCheckbox not checkedForeign/Non-US
 
ILLINOIS
Recipient Recipient CRD NumberCheckbox not checkedNone
 WestPark Capital, Inc.
 000039914
(Associated) Broker or DealerCheckbox checkedNone(Associated) Broker or Dealer CRD Number Checkbox checkedNone
  
  
Street Address 1      Street Address 2
535 5TH AVENUE
22ND FLOOR
City State/Province/CountryZIP/Postal Code
 NEW YORK
 NEW YORK
 10017
State(s) of SolicitationCheckbox not checkedAll StatesCheckbox not checkedForeign/Non-US
 
CALIFORNIA
Recipient Recipient CRD NumberCheckbox not checkedNone
 1031 Securities Inc.
 000326590
(Associated) Broker or DealerCheckbox checkedNone(Associated) Broker or Dealer CRD Number Checkbox checkedNone
  
  
Street Address 1      Street Address 2
25300 WEST 13 MILE ROAD
 
City State/Province/CountryZIP/Postal Code
 FRANKLIN
 MICHIGAN
 48025
State(s) of SolicitationCheckbox not checkedAll StatesCheckbox not checkedForeign/Non-US
 
NEW YORK
Recipient Recipient CRD NumberCheckbox not checkedNone
 Aurora Securities
 000046147
(Associated) Broker or DealerCheckbox checkedNone(Associated) Broker or Dealer CRD Number Checkbox checkedNone
  
  
Street Address 1      Street Address 2
8740 BIG BEND
 
City State/Province/CountryZIP/Postal Code
 ST. LOUIS
 MISSOURI
 63119
State(s) of SolicitationCheckbox not checkedAll StatesCheckbox not checkedForeign/Non-US
 
OREGON
Recipient Recipient CRD NumberCheckbox not checkedNone
 FNEX Capital, LLC
 000166316
(Associated) Broker or DealerCheckbox checkedNone(Associated) Broker or Dealer CRD Number Checkbox checkedNone
  
  
Street Address 1      Street Address 2
2958 COLUMBIA STREET
 
City State/Province/CountryZIP/Postal Code
 TORRENCE
 CALIFORNIA
 90503
State(s) of SolicitationCheckbox not checkedAll StatesCheckbox not checkedForeign/Non-US
 
CALIFORNIA
Recipient Recipient CRD NumberCheckbox not checkedNone
 Great Point Capital LLC
 000114203
(Associated) Broker or DealerCheckbox checkedNone(Associated) Broker or Dealer CRD Number Checkbox checkedNone
  
  
Street Address 1      Street Address 2
200 WEST JACKSON BLVD.
SUITE 1000
City State/Province/CountryZIP/Postal Code
 CHICAGO
 ILLINOIS
 60606
State(s) of SolicitationCheckbox not checkedAll StatesCheckbox not checkedForeign/Non-US
 
VERMONT
Recipient Recipient CRD NumberCheckbox not checkedNone
 Emerson Equity LLC
 000130032
(Associated) Broker or DealerCheckbox checkedNone(Associated) Broker or Dealer CRD Number Checkbox checkedNone
  
  
Street Address 1      Street Address 2
155 BOVET ROAD
SUITE 725
City State/Province/CountryZIP/Postal Code
 SAN MATEO
 CALIFORNIA
 94402
State(s) of SolicitationCheckbox not checkedAll StatesCheckbox not checkedForeign/Non-US
 
CALIFORNIA
Recipient Recipient CRD NumberCheckbox not checkedNone
 Benjamin Isaac Carmona
 005120428
(Associated) Broker or DealerCheckbox not checkedNone(Associated) Broker or Dealer CRD Number Checkbox not checkedNone
 Realta Equities, Inc.
 000023769
Street Address 1      Street Address 2
29122 Rancho Viejo Road
Suite 111
City State/Province/CountryZIP/Postal Code
 San Juan Capistrano
 CALIFORNIA
 92675
State(s) of SolicitationCheckbox not checkedAll StatesCheckbox not checkedForeign/Non-US
 
TEXAS
Recipient Recipient CRD NumberCheckbox not checkedNone
 Lighthouse Capital Group, LLC
 000169135
(Associated) Broker or DealerCheckbox checkedNone(Associated) Broker or Dealer CRD Number Checkbox checkedNone
  
  
Street Address 1      Street Address 2
1055 E. Colorado Boulevard
Suite 310
City State/Province/CountryZIP/Postal Code
 Pasadena
 CALIFORNIA
 91106
State(s) of SolicitationCheckbox not checkedAll StatesCheckbox not checkedForeign/Non-US
 
MISSOURI
TEXAS
Recipient Recipient CRD NumberCheckbox not checkedNone
 Gene Alvin Brehm
 002815437
(Associated) Broker or DealerCheckbox not checkedNone(Associated) Broker or Dealer CRD Number Checkbox not checkedNone
 Saxony Securities, Inc.
 000115547
Street Address 1      Street Address 2
115 Wilcox Street
Suite 220
City State/Province/CountryZIP/Postal Code
 Castle Rock
 COLORADO
 80104
State(s) of SolicitationCheckbox not checkedAll StatesCheckbox not checkedForeign/Non-US
 
TEXAS
Recipient Recipient CRD NumberCheckbox not checkedNone
 Karl Wolfgang Suess
 005258922
(Associated) Broker or DealerCheckbox not checkedNone(Associated) Broker or Dealer CRD Number Checkbox not checkedNone
 Great Point Capital LLC
 000114203
Street Address 1      Street Address 2
200 West Jackson Blvd.
Suite 1000
City State/Province/CountryZIP/Postal Code
 Chicago
 ILLINOIS
 60606
State(s) of SolicitationCheckbox not checkedAll StatesCheckbox not checkedForeign/Non-US
 
MAINE
Recipient Recipient CRD NumberCheckbox not checkedNone
 Stacy Jo Deru
 005613677
(Associated) Broker or DealerCheckbox not checkedNone(Associated) Broker or Dealer CRD Number Checkbox not checkedNone
 American Alternative Capital, LLC
 000309956
Street Address 1      Street Address 2
3909 Research Park Drive
Suite 250
City State/Province/CountryZIP/Postal Code
 Ann Arbor
 MICHIGAN
 48108
State(s) of SolicitationCheckbox not checkedAll StatesCheckbox not checkedForeign/Non-US
 
OHIO
Recipient Recipient CRD NumberCheckbox not checkedNone
 Michael Scherer
 002802395
(Associated) Broker or DealerCheckbox not checkedNone(Associated) Broker or Dealer CRD Number Checkbox not checkedNone
 American Alternative Capital, LLC
 000309956
Street Address 1      Street Address 2
3909 Research Park Drive
Suite 250
City State/Province/CountryZIP/Postal Code
 Ann Arbor
 MICHIGAN
 48108
State(s) of SolicitationCheckbox not checkedAll StatesCheckbox not checkedForeign/Non-US
 
INDIANA
Recipient Recipient CRD NumberCheckbox not checkedNone
 Justin Wayne Fordice
 007328445
(Associated) Broker or DealerCheckbox not checkedNone(Associated) Broker or Dealer CRD Number Checkbox not checkedNone
 Lighthouse Capital Group, LLC
 000169135
Street Address 1      Street Address 2
1055 E. Colorado Boulevard
Suite 310
City State/Province/CountryZIP/Postal Code
 Pasadena
 CALIFORNIA
 91106
State(s) of SolicitationCheckbox not checkedAll StatesCheckbox not checkedForeign/Non-US
 
MICHIGAN
TEXAS
Recipient Recipient CRD NumberCheckbox not checkedNone
 Edward Eric Fernandez
 002956661
(Associated) Broker or DealerCheckbox not checkedNone(Associated) Broker or Dealer CRD Number Checkbox not checkedNone
 Capulent LLC
 000155155
Street Address 1      Street Address 2
2603 Main Street
Suite 1050
City State/Province/CountryZIP/Postal Code
 Irvine
 CALIFORNIA
 92614
State(s) of SolicitationCheckbox not checkedAll StatesCheckbox not checkedForeign/Non-US
 
CONNECTICUT
MICHIGAN
Recipient Recipient CRD NumberCheckbox not checkedNone
 Mark Creason
 006617847
(Associated) Broker or DealerCheckbox not checkedNone(Associated) Broker or Dealer CRD Number Checkbox not checkedNone
 Metric Financial, LLC
 000033324
Street Address 1      Street Address 2
1180 West Peachtree Street NW
Suite 1910
City State/Province/CountryZIP/Postal Code
 Atlanta
 GEORGIA
 30309
State(s) of SolicitationCheckbox not checkedAll StatesCheckbox not checkedForeign/Non-US
 
ARIZONA
GEORGIA
Recipient Recipient CRD NumberCheckbox not checkedNone
 RCX Capital Group, LLC
 000114290
(Associated) Broker or DealerCheckbox checkedNone(Associated) Broker or Dealer CRD Number Checkbox checkedNone
  
  
Street Address 1      Street Address 2
2002 Timberloch Place
Suite 200
City State/Province/CountryZIP/Postal Code
 The Woodlands
 TEXAS
 77380
State(s) of SolicitationCheckbox not checkedAll StatesCheckbox not checkedForeign/Non-US
 
ARIZONA
IDAHO
WISCONSIN
Recipient Recipient CRD NumberCheckbox not checkedNone
 John Daniel Altobello
 005093202
(Associated) Broker or DealerCheckbox not checkedNone(Associated) Broker or Dealer CRD Number Checkbox not checkedNone
 1031 Securities Inc.
 000326590
Street Address 1      Street Address 2
25300 West 13 Mile Road
 
City State/Province/CountryZIP/Postal Code
 Franklin
 MICHIGAN
 48025
State(s) of SolicitationCheckbox not checkedAll StatesCheckbox not checkedForeign/Non-US
 
CONNECTICUT
Recipient Recipient CRD NumberCheckbox not checkedNone
 Bradley Wetherby
 007617059
(Associated) Broker or DealerCheckbox not checkedNone(Associated) Broker or Dealer CRD Number Checkbox not checkedNone
 Realta Equities, Inc.
 000023769
Street Address 1      Street Address 2
29122 Rancho Viejo Road
Suite 111
City State/Province/CountryZIP/Postal Code
 San Juan Capistrano
 CALIFORNIA
 92675
State(s) of SolicitationCheckbox not checkedAll StatesCheckbox not checkedForeign/Non-US
 
NEVADA
Recipient Recipient CRD NumberCheckbox not checkedNone
 Roger William Bowlin
 001905652
(Associated) Broker or DealerCheckbox not checkedNone(Associated) Broker or Dealer CRD Number Checkbox not checkedNone
 Aurora Securities
 000046147
Street Address 1      Street Address 2
650 NE Holladay Street
Suite 1600
City State/Province/CountryZIP/Postal Code
 Portland
 OREGON
 97232
State(s) of SolicitationCheckbox not checkedAll StatesCheckbox not checkedForeign/Non-US
 
WASHINGTON
Recipient Recipient CRD NumberCheckbox not checkedNone
 Robert Howard Zink
 005105262
(Associated) Broker or DealerCheckbox not checkedNone(Associated) Broker or Dealer CRD Number Checkbox not checkedNone
 Emerson Equity LLC
 000130032
Street Address 1      Street Address 2
9940 Research Drive
Suite 200
City State/Province/CountryZIP/Postal Code
 Irvine
 CALIFORNIA
 92618
State(s) of SolicitationCheckbox not checkedAll StatesCheckbox not checkedForeign/Non-US
 
IDAHO
Recipient Recipient CRD NumberCheckbox not checkedNone
 Joshua William Weston McKinley
 004699505
(Associated) Broker or DealerCheckbox not checkedNone(Associated) Broker or Dealer CRD Number Checkbox not checkedNone
 Third Seven Capital LLC
 000160209
Street Address 1      Street Address 2
3349A State Route 138
Allaire Corporate Ctr Bdg A, Ste A, Seco
City State/Province/CountryZIP/Postal Code
 Wall
 NEW JERSEY
 07719
State(s) of SolicitationCheckbox not checkedAll StatesCheckbox not checkedForeign/Non-US
 
MINNESOTA
Recipient Recipient CRD NumberCheckbox not checkedNone
 Darren Oglesby
 002480135
(Associated) Broker or DealerCheckbox not checkedNone(Associated) Broker or Dealer CRD Number Checkbox not checkedNone
 Money Concepts Capital Corp
 000012963
Street Address 1      Street Address 2
2443 Tower Drive
 
City State/Province/CountryZIP/Postal Code
 Monroe
 LOUISIANA
 71201
State(s) of SolicitationCheckbox not checkedAll StatesCheckbox not checkedForeign/Non-US
 
LOUISIANA
Recipient Recipient CRD NumberCheckbox not checkedNone
 Robert Dale Mutch
 005966517
(Associated) Broker or DealerCheckbox not checkedNone(Associated) Broker or Dealer CRD Number Checkbox not checkedNone
 Emerson Equity LLC
 000130032
Street Address 1      Street Address 2
9250 E. Costilla Avenue
Suite 105
City State/Province/CountryZIP/Postal Code
 Greenwood Village
 COLORADO
 80112
State(s) of SolicitationCheckbox not checkedAll StatesCheckbox not checkedForeign/Non-US
 
COLORADO
Recipient Recipient CRD NumberCheckbox not checkedNone
 Joshua David Chapin
 005825638
(Associated) Broker or DealerCheckbox not checkedNone(Associated) Broker or Dealer CRD Number Checkbox not checkedNone
 Emerson Equity LLC
 000130032
Street Address 1      Street Address 2
9870 Research Drive
#104
City State/Province/CountryZIP/Postal Code
 Irvine
 CALIFORNIA
 92618
State(s) of SolicitationCheckbox not checkedAll StatesCheckbox not checkedForeign/Non-US
 
COLORADO
Recipient Recipient CRD NumberCheckbox not checkedNone
 Bruce Robert Beetz
 001527269
(Associated) Broker or DealerCheckbox not checkedNone(Associated) Broker or Dealer CRD Number Checkbox not checkedNone
 Emerson Equity LLC
 000130032
Street Address 1      Street Address 2
155 Bovet Road
Suite 725
City State/Province/CountryZIP/Postal Code
 San Mateo
 CALIFORNIA
 94402
State(s) of SolicitationCheckbox not checkedAll StatesCheckbox not checkedForeign/Non-US
 
COLORADO



13. Offering and Sales Amounts
 
Total Offering Amount $
480177232
USDCheckbox not checkedIndefinite
Total Amount Sold $
480177232
USD
Total Remaining to be Sold $
0
USDCheckbox not checkedIndefinite
Clarification of Response (if Necessary)
  
 
14. Investors

Checkbox not checkedSelect if securities in the offering have been or may be sold to persons who do not qualify as accredited investors,
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:
87
 
15. Sales Commissions & Finders’ 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$
2806502
USDCheckbox not checkedEstimate
Finders' Fees$
0
USDCheckbox not checkedEstimate
Clarification of Response (if Necessary)
No sales commissions are paid to Clearview Trading Advisors, Inc., however they will receive a placement fee of 0.10% of the aggregate purchase price of the Interests, and a $5,000 monthly advisory fee.
 

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.
 $ 
0
USDCheckbox not checkedEstimate
Clarification of Response (if Necessary)
 

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: 
 
  • Notifying the SEC and/or each State in which this notice is filed of the offering of securities described and undertaking to furnish them, upon written request, the information furnished to offerees.
  • Irrevocably appointing each of the Secretary of the SEC and, the Securities Administrator or other legally designated officer of the State in which the Issuer maintains its principal place of business and any State in which this notice is filed, as its agents for service of process, and agreeing that these persons may accept service on its behalf, of any notice, process or pleading, and further agreeing that such service may be made by registered or certified mail, in any Federal or state action, administrative proceeding, or arbitration brought against it in any place subject to the jurisdiction of the United States, if the action, proceeding or arbitration (a) arises out of any activity in connection with the offering of securities that is the subject of this notice, and (b) is founded, directly or indirectly, upon the provisions of:  (i) the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, the Investment Company Act of 1940, or the Investment Advisers Act of 1940, or any rule or regulation under any of these statutes, or (ii) the laws of the State in which the issuer maintains its principal place of business or any State in which this notice is filed.
  • Certifying that, if the issuer is claiming a Regulation D exemption for the offering, the issuer is not disqualified from relying on Rule 504 or Rule 506 for one of the reasons stated in Rule 504(b)(3) or Rule 506(d).
 
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.
 
IssuerSignatureName of SignerTitleDate
DTW Air Cargo Logistics DST/s/ Douglas F. BloughDouglas F. BloughManager2026-03-05