This is the Primary Document downloaded from EDGAR on 6/20/2025 4:13:42 PM EST for EFDID 538138 and Accession Number 0000932440-25-000011.

Please note that this is not the current Accession Number for this EFDId.

SEC FORM D/A

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM D

Notice of Exempt Offering of Securities
OMB APPROVAL
OMB Number: 3235-0076
Estimated average burden
hours per response: 4.00

1. Issuer's Identity

CIK (Filer ID Number) Previous Names
X None
Entity Type
0002045048
   Corporation
   Limited Partnership
   Limited Liability Company
   General Partnership
   Business Trust
X Other (Specify)

Delaware Statutory Trust
Name of Issuer
Government Lease Holdings 2 DST
Jurisdiction of Incorporation/Organization
DELAWARE
Year of Incorporation/Organization
   Over Five Years Ago
X Within Last Five Years (Specify Year) 2024
   Yet to Be Formed

2. Principal Place of Business and Contact Information

Name of Issuer
Government Lease Holdings 2 DST
Street Address 1 Street Address 2
C/O NET LEASE CAPITAL ADVISORS LLC 10 TARA BOULEVARD, SUITE 501
City State/Province/Country ZIP/PostalCode Phone Number of Issuer
NASHUA NEW HAMPSHIRE 03062 603-686-8276

3. Related Persons

Last Name First Name Middle Name
Blough Douglas F.
Street Address 1 Street Address 2
c/o Net Lease Capital Advisors LLC 10 Tara Boulevard, Suite 501
City State/Province/Country ZIP/PostalCode
Nashua NEW HAMPSHIRE 03062
Relationship: X Executive Officer    Director    Promoter

Clarification of Response (if Necessary):

Last Name First Name Middle Name
MacDonald Bruce S.
Street Address 1 Street Address 2
c/o Net Lease Capital Advisors LLC 10 Tara Boulevard, Suite 501
City State/Province/Country ZIP/PostalCode
Nashua NEW HAMPSHIRE 03062
Relationship: X Executive Officer    Director    Promoter

Clarification of Response (if Necessary):

4. Industry Group

   Agriculture
Banking & Financial Services
   Commercial Banking
   Insurance
   Investing
   Investment Banking
   Pooled Investment Fund
Is the issuer registered as
an investment company under
the Investment Company
Act of 1940?
   Yes    No
   Other Banking & Financial Services
   Business Services
Energy
   Coal Mining
   Electric Utilities
   Energy Conservation
   Environmental Services
   Oil & Gas
   Other Energy
Health Care
   Biotechnology
   Health Insurance
   Hospitals & Physicians
   Pharmaceuticals
   Other Health Care
   Manufacturing
Real Estate
   Commercial
   Construction
   REITS & Finance
   Residential
X Other Real Estate
  
 Retailing
  
 Restaurants
Technology
   Computers
   Telecommunications
   Other Technology
Travel
   Airlines & Airports
   Lodging & Conventions
   Tourism & Travel Services
   Other Travel
  
 Other

5. Issuer Size

Revenue Range OR Aggregate Net Asset Value Range
   No Revenues    No Aggregate Net Asset Value
   $1 - $1,000,000    $1 - $5,000,000
   $1,000,001 - $5,000,000    $5,000,001 - $25,000,000
   $5,000,001 - $25,000,000    $25,000,001 - $50,000,000
   $25,000,001 - $100,000,000    $50,000,001 - $100,000,000
   Over $100,000,000    Over $100,000,000
   Decline to Disclose    Decline to Disclose
X Not Applicable    Not Applicable

6. Federal Exemption(s) and Exclusion(s) Claimed (select all that apply)

   Rule 504(b)(1) (not (i), (ii) or (iii))
   Rule 504 (b)(1)(i)
   Rule 504 (b)(1)(ii)
   Rule 504 (b)(1)(iii)
   Rule 506(b)
X Rule 506(c)
   Securities Act Section 4(a)(5)
   Investment Company Act Section 3(c)
   Section 3(c)(1)    Section 3(c)(9)  
   Section 3(c)(2)    Section 3(c)(10)
   Section 3(c)(3)    Section 3(c)(11)
   Section 3(c)(4)    Section 3(c)(12)
   Section 3(c)(5)    Section 3(c)(13)
   Section 3(c)(6)    Section 3(c)(14)
   Section 3(c)(7)

7. Type of Filing

   New Notice Date of First Sale 2024-11-08    First Sale Yet to Occur
X Amendment

8. Duration of Offering

Does the Issuer intend this offering to last more than one year?
X Yes    No

9. Type(s) of Securities Offered (select all that apply)

   Equity    Pooled Investment Fund Interests
   Debt    Tenant-in-Common Securities
   Option, Warrant or Other Right to Acquire Another Security    Mineral Property Securities
   Security to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire Security X Other (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?
   Yes X No

Clarification of Response (if Necessary):

11. Minimum Investment

Minimum investment accepted from any outside investor $100,000 USD

12. Sales Compensation

Recipient
Recipient CRD Number    None
Roger William Bowlin 1905652
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Aurora Securities 46147
Street Address 1 Street Address 2
10510 NORTHUP WAY SUITE 150
City State/Province/Country ZIP/Postal Code
KIRKLAND WASHINGTON 98033
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CALIFORNIA
WASHINGTON
Recipient
Recipient CRD Number    None
Chay Thomas Lapin 6275140
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
FNEX Capital, LLC 166316
Street Address 1 Street Address 2
2958 COLUMBIA STREET
City State/Province/Country ZIP/Postal Code
TORRENCE CALIFORNIA 90503
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
KANSAS
Recipient
Recipient CRD Number    None
Timothy James Emmanuel 7857742
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
FNEX Capital, LLC 166316
Street Address 1 Street Address 2
2958 COLUMBIA STREET
City State/Province/Country ZIP/Postal Code
TORRENCE CALIFORNIA 90503
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CALIFORNIA
MICHIGAN
NEW YORK
TEXAS
Recipient
Recipient CRD Number    None
Orrin Foster Barrow 6784158
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
FNEX Capital, LLC 166316
Street Address 1 Street Address 2
ONE INDIANA SQUARE SUITE 2252
City State/Province/Country ZIP/Postal Code
INDIANAPOLIS INDIANA 46204
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CALIFORNIA
COLORADO
NEW JERSEY
Recipient
Recipient CRD Number    None
David Andrew Kangas 6591398
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Wealthforge Securities, LLC 152550
Street Address 1 Street Address 2
3015 W. MOORE STREET SUITE 102
City State/Province/Country ZIP/Postal Code
RICHMOND VIRGINIA 23230
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CALIFORNIA
NEVADA
Recipient
Recipient CRD Number    None
Bradford Lee Watt 2565438
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Saxony Securities, Inc. 115547
Street Address 1 Street Address 2
115 WILCOX STREET SUITE 220
City State/Province/Country ZIP/Postal Code
CASTLE ROCK COLORADO 80104
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
COLORADO
FLORIDA
MARYLAND
Recipient
Recipient CRD Number    None
David George Bulger 3180806
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Realta Equities, Inc. 23769
Street Address 1 Street Address 2
12636 HIGH BLUFF DRIVE SUITE 300
City State/Province/Country ZIP/Postal Code
SAN DIEGO CALIFORNIA 92130
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
FLORIDA
Recipient
Recipient CRD Number    None
Kirsten Rebecca Eriksson 7475882
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Cabin Securities, Inc. 137608
Street Address 1 Street Address 2
3141 MICHELSON DRIVE SUITE 504
City State/Province/Country ZIP/Postal Code
IRVINE CALIFORNIA 92612
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CALIFORNIA
Recipient
Recipient CRD Number    None
Sam Bhushan 4884717
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Cabin Securities, Inc. 137608
Street Address 1 Street Address 2
3141 MICHELSON DRIVE SUITE 504
City State/Province/Country ZIP/Postal Code
IRVINE CALIFORNIA 92612
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CALIFORNIA
Recipient
Recipient CRD Number    None
RCX Capital Group, LLC 114290
(Associated) Broker or Dealer X None
(Associated) Broker or Dealer CRD Number X None
None None
Street Address 1 Street Address 2
2002 TIMBERLOCH PLACE SUITE 200
City State/Province/Country ZIP/Postal Code
THE WOODLANDS TEXAS 77380
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
ILLINOIS
Recipient
Recipient CRD Number    None
John Paul Ledesma 2379751
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Emerson Equity LLC 130032
Street Address 1 Street Address 2
9870 RESEARCH DRIVE #104
City State/Province/Country ZIP/Postal Code
IRVINE CALIFORNIA 92618
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
MAINE
Recipient
Recipient CRD Number    None
John Danh Nguyen 4919629
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Money Concepts Capital Corp. 12963
Street Address 1 Street Address 2
550 W. ORANGETHORPE AVENUE SUITE A
City State/Province/Country ZIP/Postal Code
PLACENTIA CALIFORNIA 92870
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CALIFORNIA
Recipient
Recipient CRD Number    None
Scott David Offerman 4619093
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
1031 Securities Inc. 326590
Street Address 1 Street Address 2
25300 WEST 13 MILE ROAD
City State/Province/Country ZIP/Postal Code
FRANKLIN TENNESSEE 48025
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
NEW YORK
Recipient
Recipient CRD Number    None
Andrew David Raney 5120161
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Metropolitan Capital Investment Banc, Inc. 148820
Street Address 1 Street Address 2
350 N. LASALLE STREET SUITE 800
City State/Province/Country ZIP/Postal Code
CHICAGO ILLINOIS 60654
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
FLORIDA
Recipient
Recipient CRD Number    None
Jeremy Hudgens 7841753
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
FNEX Capital, LLC 166316
Street Address 1 Street Address 2
2958 COLUMBIA STREET
City State/Province/Country ZIP/Postal Code
TORRENCE CALIFORNIA 90503
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CALIFORNIA
TEXAS
Recipient
Recipient CRD Number    None
Richard Hulett Hickman 1860694
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Berthel, Fisher & Company Financial Services, Inc. 13609
Street Address 1 Street Address 2
532 29TH SUITE A
City State/Province/Country ZIP/Postal Code
DES MOINES IOWA 50312
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
IOWA
Recipient
Recipient CRD Number    None
Thomas Arthur Olsen 7338381
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
FNEX Capital, LLC 166316
Street Address 1 Street Address 2
2958 COLUMBIA STREET
City State/Province/Country ZIP/Postal Code
TORRENCE CALIFORNIA 90503
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CALIFORNIA
Recipient
Recipient CRD Number    None
Matthew Douglas McFarland 6675310
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
FNEX Capital, LLC 166316
Street Address 1 Street Address 2
2958 COLUMBIA STREET
City State/Province/Country ZIP/Postal Code
TORRENCE CALIFORNIA 90503
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
FLORIDA
NEVADA
TEXAS
Recipient
Recipient CRD Number    None
April Diane Guinchard 1729146
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Rex Capital Group, LLC 114290
Street Address 1 Street Address 2
2002 TIMBERLOCH PLACE SUITE 200
City State/Province/Country ZIP/Postal Code
THE WOODLANDS TEXAS 77380
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
ILLINOIS
MICHIGAN
WASHINGTON
WISCONSIN
Recipient
Recipient CRD Number    None
Ronnie Glenn Richardson 7345870
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
RCX Capital Group, LLC 114290
Street Address 1 Street Address 2
2002 TIMBERLOCH PLACE SUITE 200
City State/Province/Country ZIP/Postal Code
THE WOODLANDS TEXAS 77380
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CONNECTICUT
IOWA
Recipient
Recipient CRD Number    None
Alexander Sanford Madden 7089201
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
FNEX Capital, LLC 166316
Street Address 1 Street Address 2
2958 COLUMBIA STREET
City State/Province/Country ZIP/Postal Code
TORRENCE CALIFORNIA 90503
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
PENNSYLVANIA
Recipient
Recipient CRD Number    None
Paul Michael Grumann 4281475
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
RCX Capital Group, LLC 114290
Street Address 1 Street Address 2
2002 TIMBERLOCH PLACE PLACE SUITE 200
City State/Province/Country ZIP/Postal Code
THE WOODLANDS TEXAS 77380
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
COLORADO
Recipient
Recipient CRD Number    None
Jean-Louis Guinchard 1983431
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
RCX Capital Group, LLC 114290
Street Address 1 Street Address 2
2002 TIMBERLOCH PLACE PLACE SUITE 200
City State/Province/Country ZIP/Postal Code
THE WOODLANDS TEXAS 77380
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
MINNESOTA
WISCONSIN
Recipient
Recipient CRD Number    None
Paul Angelo Manese 4642565
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
RCX Capital Group, LLC 114290
Street Address 1 Street Address 2
2002 TIMBERLOCH PLACE PLACE SUITE 200
City State/Province/Country ZIP/Postal Code
THE WOODLANDS TEXAS 77380
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CALIFORNIA
Recipient
Recipient CRD Number    None
Joseph Allen Nugent 4019776
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Arkadios Capital 282710
Street Address 1 Street Address 2
2827 PEACHTREE ROAD NE SUITE 510
City State/Province/Country ZIP/Postal Code
ATLANTA GEORGIA 30305
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
COLORADO
GEORGIA
MASSACHUSETTS
WISCONSIN
Recipient
Recipient CRD Number    None
Robert George Langhorst 1832998
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Aurora Securities 46147
Street Address 1 Street Address 2
8740 BIG BEND
City State/Province/Country ZIP/Postal Code
ST. LOUIS MISSOURI 63119
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
MISSOURI
Recipient
Recipient CRD Number    None
Stacey Jim Morimoto 4420782
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Stax Capital 300607
Street Address 1 Street Address 2
10525 VISTA SORRENTO PARKWAY SUITE 220
City State/Province/Country ZIP/Postal Code
SAN DIEGO CALIFORNIA 92121
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CALIFORNIA
Recipient
Recipient CRD Number    None
Nicholas Robert Snyder 7138151
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
FNEX Capital, LLC 166316
Street Address 1 Street Address 2
2958 COLUMBIA STREET
City State/Province/Country ZIP/Postal Code
TORRENCE CALIFORNIA 90503
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
MONTANA
Recipient
Recipient CRD Number    None
Trawnegan Gall 6266415
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
WealthForge Securities, LLC 152550
Street Address 1 Street Address 2
3015 W. MOORE STREET SUITE 102
City State/Province/Country ZIP/Postal Code
RICHMOND VIRGINIA 23230
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
HAWAII
OREGON
Recipient
Recipient CRD Number    None
Alexander Sandford Madden 7089201
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
FNEX Capital, LLC 166316
Street Address 1 Street Address 2
2958 COLUMBIA STREET
City State/Province/Country ZIP/Postal Code
TORRENCE CALIFORNIA 90503
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
VIRGINIA
Recipient
Recipient CRD Number    None
John Marvin Butler 1951436
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Investment Security Corporation 47536
Street Address 1 Street Address 2
7240 S. HIGHLAND DR. SUITE 103
City State/Province/Country ZIP/Postal Code
SALT LAKE CITY UTAH 84121
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
UTAH
Recipient
Recipient CRD Number    None
Thomas Arthur Olsen 7338381
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
FNEX Capital, LLC 166316
Street Address 1 Street Address 2
2958 COLUMBIA STREET
City State/Province/Country ZIP/Postal Code
TORRENCE CALIFORNIA 90503
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
TEXAS
Recipient
Recipient CRD Number    None
James Thomas Nagle 48974499
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Lightpath Capital, Inc. 34617
Street Address 1 Street Address 2
1560 E. SOUTHLAKE BLVD. SUITE 100
City State/Province/Country ZIP/Postal Code
SOUTHLAKE TEXAS 76092
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CALIFORNIA
Recipient
Recipient CRD Number    None
Paul M. Getty 6470002
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Emerson Equity, LLC 130032
Street Address 1 Street Address 2
155 BOVET ROAD SUITE 725
City State/Province/Country ZIP/Postal Code
SAN MATEO CALIFORNIA 94402
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
TENNESSEE
Recipient
Recipient CRD Number    None
Dillon Dee Hall 6463342
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Realta Equities, Inc. 23769
Street Address 1 Street Address 2
2002 TIMBERLOCH PLACE SUITE 200
City State/Province/Country ZIP/Postal Code
THE WOODLANDS TEXAS 77380
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
ARIZONA
Recipient
Recipient CRD Number    None
Tania Rene Jernigan 2007819
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Emerson Equity, LLC 130032
Street Address 1 Street Address 2
8740 BIG BEND
City State/Province/Country ZIP/Postal Code
ST. LOUIS MISSOURI 63119
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CALIFORNIA
Recipient
Recipient CRD Number    None
Timothy John Sherer 833618
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Emerson Equity, LLC 130032
Street Address 1 Street Address 2
8740 BIG BEND
City State/Province/Country ZIP/Postal Code
ST. LOUIS MISSOURI 63119
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CALIFORNIA
Recipient
Recipient CRD Number    None
Edward Fernandez 2956661
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Capulent LLC 155155
Street Address 1 Street Address 2
2603 MAIN STREET SUITE 1050
City State/Province/Country ZIP/Postal Code
IRVINE CALIFORNIA 92614
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CALIFORNIA
Recipient
Recipient CRD Number    None
William LaPiana 4580411
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Ausdal Financial Partners, Inc 7995
Street Address 1 Street Address 2
1430 BROADWAY 21ST FLOOR, SUITE 100
City State/Province/Country ZIP/Postal Code
NEW YORK NEW YORK 10018
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
NEW YORK
Recipient
Recipient CRD Number    None
Michael Ghirardo 7314050
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Emerson Equity, LLC 130032
Street Address 1 Street Address 2
2958 COLUMBIA STREET
City State/Province/Country ZIP/Postal Code
TORRENCE CALIFORNIA 90503
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CALIFORNIA
Recipient
Recipient CRD Number    None
Daniel James Mercer 6698392
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Emerson Equity, LLC 130032
Street Address 1 Street Address 2
3015 W. MOORE STREET SUITE 102
City State/Province/Country ZIP/Postal Code
RICHMOND VIRGINIA 23230
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CALIFORNIA
Recipient
Recipient CRD Number    None
Reed Haimson 5533993
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Great Point Capital LLC 114203
Street Address 1 Street Address 2
200 WEST JACKSON BLVD. SUITE 1000
City State/Province/Country ZIP/Postal Code
CHICAGO ILLINOIS 60606
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
COLORADO

13. Offering and Sales Amounts

Total Offering Amount $174,652,396 USD
or    Indefinite
Total Amount Sold $34,757,548 USD
Total Remaining to be Sold $139,894,848 USD
or    Indefinite

Clarification of Response (if Necessary):

14. Investors

  
 Select if securities in the offering have been or may be sold to persons who do not qualify as accredited investors, and enter the 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:
99

15. Sales Commissions & Finder's 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 $1,861,603 USD
   Estimate
Finders' Fees $0 USD
   Estimate

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 USD
   Estimate

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, in the accordance with applicable law, 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 the issuer 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.

Issuer Signature Name of Signer Title Date
Government Lease Holdings 2 DST /s/ Douglas F. Blough Douglas F. Blough Manager 2025-06-20

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

* This undertaking does not affect any limits Section 102(a) of the National Securities Markets Improvement Act of 1996 ("NSMIA") [Pub. L. No. 104-290, 110 Stat. 3416 (Oct. 11, 1996)] imposes on the ability of States to require information. As a result, if the securities that are the subject of this Form D are "covered securities" for purposes of NSMIA, whether in all instances or due to the nature of the offering that is the subject of this Form D, States cannot routinely require offering materials under this undertaking or otherwise and can require offering materials only to the extent NSMIA permits them to do so under NSMIA's preservation of their anti-fraud authority.