Baker 1031 · Data
Full-cycle investment data
Overall historical offering results, sponsor summaries and source methods, compiled by Baker 1031 for educational analysis.
Manually compiled and unaudited. Metrics use higher source endpoints. Review the current PPM and data limitations.
| Measure | Value |
|---|---|
| Investment histories | 837 |
| Sponsors covered (25 with histories) | 39 |
| Annual-return observations | 737 |
US Government Veterans Administration (original VA Birmingham DST)140
NLC · Government / healthcare · Birmingham, AL
Reported figures and comparison treatment
Calculated simple
| Annual return | 2.08% | Excluded by specific source note |
|---|---|---|
| Hold period (years) | 5.00 | Excluded by specific source note |
| Equity multiple | 1.10x | Excluded by specific source note |
| Outcome | Break-even or better | Excluded by specific source note |
Definitions and timing
| Field | Value |
|---|---|
| Annual-return method | Calculated simple |
| Reported IRR, kept separate | Unavailable |
| Source start date | 2016-03-08 |
| Source end date | 2021-03 |
| Offering structure | DST property transaction |
Simple annual profit = (reported or supported equity multiple − 1) / reported or date-derived hold years. This is a descriptive annual rate, not IRR. Source discrepancies remain attached.
Existing reviewed hold; Calendar months between disclosed dates /12; day precision not supplied for at least one endpoint.
Source references
NLC - NLC Financial Service HQ DST - PPM.pdf
PDF viewer page 48
Reported Equity Multiple, formula not specified; zero-cash-flow structures may produce no income during term. Table figures initial all-in capitalization.
Unrounded reported/supported equity multiple compared with 1.00x; source valuation/capital basis applies.
Original source notes
Start date=first sale of investor interests; end date=reported sale month. Source table p45; result footnote p48. VA Birmingham sold to sponsor affiliate.
Additional source metrics
| Initial loan USD | 63945878 | USD |
|---|---|---|
| All-in property value USD | 73824861 | USD |
| Equity requirement USD | 9878983 | USD |
Footnotes
US Government Veterans Administration (original VA Birmingham DST)
Original VA Birmingham DST: a member of its single ownership group died in 2020, and Net Lease Capital Advisors purchased the property in March 2021. The PPM reports 1.104x including returned capital, equivalent to a 10.4% nominal gain. Excluded from performance comparisons at Jerry’s direction as the death-related early-exit exception he identified. The source confirms the death and property purchase; the estate-driven early-exit rationale comes from Jerry.
Excluded from annual, hold, multiple, success comparisons; listing retained
NLC - NLC Financial Service HQ DST - PPM.pdf · PDF viewer pages 45, 48
Calculated simple annual return
Annual profit is calculated as (equity multiple − 1) / hold years where the source period supports those inputs. This is a descriptive simple annual return; it is not IRR or a compounded portfolio return. Individual calculation notes remain on each investment page.
Data limitations and educational use
This data was collected from sponsor materials and manually entered into a data file for analysis. Transcription, calculation or classification errors may exist. The compilation has not been independently audited or verified for correctness, completeness or currency. Consult the current private placement memorandum (PPM), its supplements and sponsor reports for complete, up-to-date track-record information.
Displayed metrics use the higher endpoint of each reported range, including averages and medians of those values. Selecting higher return or multiple endpoints presents the more favorable source case. These figures do not establish typical or expected performance. Original ranges remain in the underlying data and source materials.
Some source data is dated, estimated or based on valuations rather than cash exits. Sponsors may use different periods, fees, return definitions and calculation methods, making direct comparisons unreliable or impossible. Available histories may be incomplete or selected, and exclusions and missing values affect each metric’s sample. Averages are not pooled investor returns or a ranking of sponsors.
For educational purposes only. This data is not investment, tax or legal advice, a recommendation, or an offer to buy or sell securities. Past performance does not guarantee or predict future results. Real estate securities are speculative and illiquid; distributions are not guaranteed and investors may lose their entire investment.
Compilation rights and source methods · Current offering statistics
Proprietary compilation
Baker 1031 Investments, LLC’s selection, organization, annotations and presentation form a proprietary compilation. Underlying sponsor materials and third-party content remain subject to their respective owners’ rights. No open-data or redistribution license is granted. Contact Baker 1031 for permission to reproduce the compilation.