The Trust owns a portfolio of 29 single-tenant, net-leased industrial properties in Midland and Odessa, Texas, leased to oil and gas service companies in the Permian Basin. The properties are master leased to a Sponsor-affiliated Master Tenant for ten years, which pays rent covering the loan payments plus a targeted 5.40% annual distribution to investors, paid monthly, and keeps any rent above that amount. The Sponsor plans to hold the portfolio for about ten years and sell it before the 15-year loan matures, with a possible UPREIT or 721 exchange as an alternative exit. The interests are designed as 1031 exchange replacement property.