# DST offering statistics

> What 78 DST offerings from 38 sponsors look like, from my offering records as of October 28, 2026.

Source: https://baker1031.com/data/dst-offerings


Cite as: Baker 1031 Investments, DST offering records as of October 28, 2026 (https://baker1031.com/data/dst-offerings).

## Highlights

- **78**: DST offerings from 38 sponsors
- **$100,000**: Median minimum investment; 21 offerings (27%) start at $25,000 or less
- **4.7%**: Median projected year-1 distribution rate across 73 offerings (projections, not guaranteed)
- **49%**: 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 | 17 | 22% |
| Limited availability | 6 | 8% |
| Under review | 24 | 31% |
| Closed | 26 | 33% |
| Passed | 5 | 6% |

## Offerings by property type

Energy royalty programs are currently grouped under net lease.

| Property type | Offerings | Share |
|---|---|---|
| Multifamily | 31 | 40% |
| Industrial | 19 | 24% |
| Net lease | 15 | 19% |
| Self-storage | 5 | 6% |
| Retail | 4 | 5% |
| Medical office | 3 | 4% |
| Healthcare | 1 | 1% |

## Minimum investment

Across 78 offerings that publish a minimum.

| Minimum | Offerings | Share |
|---|---|---|
| $25,000 or less | 21 | 27% |
| $25,001 to $50,000 | 11 | 14% |
| $50,001 to $100,000 | 35 | 45% |
| More than $100,000 | 11 | 14% |

## 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) | 38 | 49% |
| Up to 40% | 3 | 4% |
| 40% to 50% | 21 | 27% |
| 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 | 45 | 58% |
| None | 17 | 22% |
| Mandatory | 14 | 18% |
| 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 | 6 | 8% |
| 5 years | 5 | 6% |
| 7 years | 10 | 13% |
| 8 years | 2 | 3% |
| 9 years | 1 | 1% |
| 10 years | 49 | 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 | 14 | 18% |
| Georgia | 8 | 10% |
| North Carolina | 8 | 10% |
| Ohio | 6 | 8% |
| Illinois | 5 | 6% |
| Oklahoma | 5 | 6% |
| Alabama | 4 | 5% |
| Arizona | 4 | 5% |
| California | 4 | 5% |

Aggregates cover every offering in my directory, including closed, under-review, and passed offerings. Projected distribution rates are sponsors' estimates, are not guaranteed, may change or stop, and may include a return of capital.

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Securities are offered through Aurora Securities, Inc., member FINRA/SIPC. Baker 1031 Investments, LLC is independent of Aurora Securities, Inc. and is not a registered broker-dealer or investment adviser. This content is general education, not investment, tax, or legal advice, and is not an offer to buy or sell securities. Offers are made only through the offering documents to eligible investors, generally accredited investors. DST interests are illiquid, distributions are not guaranteed, and you can lose your entire investment.

Contact: Jerry Baker, Baker 1031 Investments · hello@baker1031.com · (415) 965-0552 · https://baker1031.com/contact