AEI Income & Growth Fund XXII is a Minnesota limited partnership formed in 1996 to acquire, lease, and sell single-tenant commercial real estate in the U.S. The partnership buys commercial buildings and leases them to tenants under net leases, where tenants are responsible for property taxes, insurance, maintenance, and operating expenses. This structure makes the partnership's role largely passive — collecting rent and eventually selling properties. The partnership originally raised roughly $16.9M from limited partners and deployed roughly $13.4M across twelve commercial properties. The partnership generates income through two sources: rental income from net leases, which provides predictable contractual cash flows, and gains from property sales during liquidation. The partnership does not use debt financing, so returns are entirely equity-funded. The partnership is now in its final liquidation phase, holding interests in two remaining properties with a combined cost basis of roughly $5.8M. As properties are sold, proceeds are being returned to limited partners rather than redeployed. The tenant base is highly concentrated, with a small number of tenants accounting for all rental income, meaning any single tenant default would materially impact distributions to partners.