Highlights
- 76: DST offerings from 38 sponsors
- $100,000: Median minimum investment; 21 offerings (28%) start at $25,000 or less
- 4.7%: Median projected year-1 distribution rate across 71 offerings (projections, not guaranteed)
- 47%: All-cash offerings with no debt; median LTV among leveraged offerings is 49%
- 10 years: Median projected hold
- $65 million: Median total capitalization
Offerings by status
Passed means I reviewed the offering and decided not to make it available.
| Status | Offerings | Share |
|---|---|---|
| Open | 16 | 21% |
| Limited availability | 6 | 8% |
| Under review | 24 | 32% |
| Closed | 25 | 33% |
| Passed | 5 | 7% |
Offerings by property type
Energy royalty programs are currently grouped under net lease.
| Property type | Offerings | Share |
|---|---|---|
| Multifamily | 31 | 41% |
| Industrial | 18 | 24% |
| Net lease | 15 | 20% |
| Self-storage | 5 | 7% |
| Retail | 4 | 5% |
| Medical office | 3 | 4% |
Minimum investment
Across 76 offerings that publish a minimum.
| Minimum | Offerings | Share |
|---|---|---|
| $25,000 or less | 21 | 28% |
| $25,001 to $50,000 | 11 | 14% |
| $50,001 to $100,000 | 34 | 45% |
| More than $100,000 | 10 | 13% |
Leverage (loan-to-value)
Loan-to-value is the offering's debt divided by its total capitalization.
| Loan-to-value | Offerings | Share |
|---|---|---|
| All cash (no debt) | 36 | 47% |
| Up to 40% | 3 | 4% |
| 40% to 50% | 21 | 28% |
| Above 50% | 16 | 21% |
721 exit (UPREIT) option
Whether the sponsor may or must roll the DST into an operating partnership at the end.
| 721 exit | Offerings | Share |
|---|---|---|
| Optional | 44 | 58% |
| None | 17 | 22% |
| Mandatory | 13 | 17% |
| Unclear | 2 | 3% |
Projected hold period
The sponsor's projected hold (the longer end when a range is given).
| Projected hold | Offerings | Share |
|---|---|---|
| 2 years | 5 | 7% |
| 5 years | 5 | 7% |
| 7 years | 10 | 13% |
| 8 years | 2 | 3% |
| 9 years | 1 | 1% |
| 10 years | 48 | 63% |
| 18 years | 1 | 1% |
| 24 years | 1 | 1% |
Most common property locations
Offerings with property in each state (an offering can span several). 33 states in total.
| State | Offerings | Share |
|---|---|---|
| Florida | 14 | 18% |
| Texas | 13 | 17% |
| North Carolina | 8 | 11% |
| Georgia | 7 | 9% |
| Illinois | 5 | 7% |
| Ohio | 5 | 7% |
| Alabama | 4 | 5% |
| California | 4 | 5% |
| Michigan | 4 | 5% |
| Oklahoma | 4 | 5% |
How to read this
These are aggregates across every offering in my directory, including ones that are closed, under review, or that I passed on. Projected distribution rates are sponsors' estimates, are not guaranteed, may change or stop, and may include a return of capital. You can cite this page as “Baker 1031 Investments, DST offering records as of October 28, 2026.” See the current offerings or read how I choose a DST.
Securities are offered through Aurora Securities, Inc., member FINRA/SIPC. This page is general education and is not an offer to buy or sell securities.