# Syndicated Equities full-cycle data
Source: https://baker1031.com/data/full-cycle/sponsors/syndicated-equities
Compiled: 2026-11-03. Source workbook: full_cycle_sponsor_summary_reviewed.xlsx; SHA-256: 57b6a4f1684fe8705993e9ddbe73bdadc275be6df22e56a12153298457264a8e. This date describes the compilation, not the currency of every underlying record.
## 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.
## Data coverage
| Measure | Value |
| --- | --- |
| Investment histories | 837 |
| Sponsors covered (25 with histories) | 39 |
| Annual-return observations | 737 |
Source basis: Investor (fees unspecified).
| Metric | Value |
| --- | --- |
| Offerings listed | 78 |
| Avg. annual return | 5.89% |
| Avg. hold (years) | 7.70 |
| Avg. equity multiple | 1.38x |
| Success Rate | 71.79% |
| Field | Value |
| --- | --- |
| Median annual return | 8.10% |
| Source-estimated results | 0 |
| Valuation-qualified outcomes | 0 |
| Outcomes inferred from return signs | 0 |
| Investment | Sponsor | Property type | Location | Start | End | Hold years | Annual return | Multiple | IRR | Outcome |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [11 Stanwix](https://baker1031.com/data/full-cycle/investments/SYNEQ-827fe7e4beb1.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Unavailable | Pittsburgh, PA | 2017-02-15 | 2024-08-19 | 7.51 | -9.63% | 0.28x | Unavailable | Reported loss |
| [1501 Jackson](https://baker1031.com/data/full-cycle/investments/SYNEQ-7be65134331a.md) [4](#note-4) [40](#note-40) [46](#note-46) [47](#note-47) | Syndicated Equities | Unavailable | Omaha, NE | 2015-11-12 | 2024-08-22 | 8.78 | -8.20% | 0.28x | Unavailable | Reported loss |
| [2215 Sanders Road](https://baker1031.com/data/full-cycle/investments/SYNEQ-927183c09b46.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Unavailable | Northbrook, IL | 2012-03-22 | 2022-06-07 | 10.21 | -8.05% | 0.18x | Unavailable | Reported loss |
| [309 Green Street](https://baker1031.com/data/full-cycle/investments/SYNEQ-dc73e81a368a.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Unavailable | Champaign, IL | 2009-05-15 | 2011-03-30 | 1.87 | 15.78% | 1.30x | Unavailable | Break-even or better |
| [400 Skokie Blvd.](https://baker1031.com/data/full-cycle/investments/SYNEQ-3005232b10b7.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Unavailable | Northbrook, IL | 2010-08-19 | 2017-12-29 | 7.36 | -11.58% | 0.15x | Unavailable | Reported loss |
| [840 1st Street](https://baker1031.com/data/full-cycle/investments/SYNEQ-4fb29a904863.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Unavailable | Washington, DC | 2009-09-03 | 2011-03-25 | 1.56 | 26.18% | 1.41x | Unavailable | Break-even or better |
| [Abbott Labs Bio-Medical Portfolio](https://baker1031.com/data/full-cycle/investments/SYNEQ-0e016dffccbc.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Healthcare | Minnetonka, MN | 2017-06-27 | 2022-07-19 | 5.06 | 26.59% | 2.35x | Unavailable | Break-even or better |
| [Arlington Highlands Retail Center](https://baker1031.com/data/full-cycle/investments/SYNEQ-85fc5b59974b.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Retail | Arlington, TX | 2012-12-19 | 2016-02-02 | 3.12 | 16.10% | 1.50x | Unavailable | Break-even or better |
| [Boot Ranch Apartment](https://baker1031.com/data/full-cycle/investments/SYNEQ-2926248c4108.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Multifamily | Tampa, FL | 2019-06-27 | 2023-10-18 | 4.31 | 18.33% | 1.79x | Unavailable | Break-even or better |
| [Courtland Center](https://baker1031.com/data/full-cycle/investments/SYNEQ-1a4cff4f4398.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Unavailable | Burton, MI | 2003-01-22 | 2013-04-15 | 10.23 | -5.96% | 0.39x | Unavailable | Reported loss |
| [Cranberry Square](https://baker1031.com/data/full-cycle/investments/SYNEQ-bc32ae093883.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Unavailable | Pittsburgh, PA | 2018-02-15 | 2022-09-01 | 4.54 | 15.13% | 1.69x | Unavailable | Break-even or better |
| [Curtis Hotel](https://baker1031.com/data/full-cycle/investments/SYNEQ-ab1dde527b52.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Hotel | Denver, CO | 2009-03-20 | 2011-12-21 | 2.75 | 16.15% | 1.44x | Unavailable | Break-even or better |
| [Customs & Border Patrol](https://baker1031.com/data/full-cycle/investments/SYNEQ-0f3609543859.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Government office | Atlanta, GA | 2013-10-02 | 2020-07-09 | 6.77 | 13.99% | 1.95x | Unavailable | Break-even or better |
| [CVS](https://baker1031.com/data/full-cycle/investments/SYNEQ-e69e20ef0c9d.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Retail | Weeki Wachee, FL | 2003-02-11 | 2013-02-26 | 10.04 | 12.04% | 2.21x | Unavailable | Break-even or better |
| [DoubleTree & Embassy Suites](https://baker1031.com/data/full-cycle/investments/SYNEQ-10992c6a1ac1.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Hotel | Rosemont, IL | 2019-05-04 | 2021-04-29 | 1.99 | -33.97% | 0.32x | Unavailable | Reported loss |
| [Fashion Outlet Center](https://baker1031.com/data/full-cycle/investments/SYNEQ-57481ab3c4eb.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Retail | Las Vegas, NV | 2012-10-24 | 2016-03-28 | 3.43 | -23.76% | 0.19x | Unavailable | Reported loss |
| [Fashion Outlet Center](https://baker1031.com/data/full-cycle/investments/SYNEQ-87435f63d69a.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Retail | Rosemont, IL | 2011-04-30 | 2016-12-31 | 5.67 | 52.37% | 3.97x | Unavailable | Break-even or better |
| [Flatiron Athletic Club](https://baker1031.com/data/full-cycle/investments/SYNEQ-8618ad781ad7.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Unavailable | Broomfield, CO | 2003-11-15 | 2017-07-06 | 13.64 | -5.72% | 0.22x | Unavailable | Reported loss |
| [Four Seasons Hotel](https://baker1031.com/data/full-cycle/investments/SYNEQ-7d4907e8674a.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Hotel | Austin, TX | 2006-02-16 | 2011-12-29 | 5.86 | 16.04% | 1.94x | Unavailable | Break-even or better |
| [Henry Ford Health - OptimEyes](https://baker1031.com/data/full-cycle/investments/SYNEQ-de92e49add75.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Healthcare | Southfield, MI | 2016-10-14 | 2021-08-09 | 4.82 | 11.34% | 1.55x | Unavailable | Break-even or better |
| [Holiday Inn](https://baker1031.com/data/full-cycle/investments/SYNEQ-5e9df9af178e.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Hotel | New Orleans, LA | 2015-02-27 | 2021-06-28 | 6.33 | -10.99% | 0.30x | Unavailable | Reported loss |
| [Johns Hopkins Applied Physics Lab](https://baker1031.com/data/full-cycle/investments/SYNEQ-92d4d72f519c.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Unavailable | Laurel, MD | 2010-11-19 | 2022-07-18 | 11.66 | 8.15% | 1.95x | Unavailable | Break-even or better |
| [Le Meridien Hotel](https://baker1031.com/data/full-cycle/investments/SYNEQ-87536dcf32ba.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Hotel | Chicago, IL | 2005-11-06 | 2006-11-08 | 1.00 | 68.23% | 1.69x | Unavailable | Break-even or better |
| [Legacy at Acworth](https://baker1031.com/data/full-cycle/investments/SYNEQ-90b6c54a7dd8.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Unavailable | Acworth, GA | 2019-01-11 | 2022-12-08 | 3.91 | 13.82% | 1.54x | Unavailable | Break-even or better |
| [Marriott Courtyard](https://baker1031.com/data/full-cycle/investments/SYNEQ-e4d787404c99.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Hotel | West Des Moines, IA | 2017-07-20 | 2021-06-28 | 3.94 | -22.46% | 0.12x | Unavailable | Reported loss |
| [Marriott Courtyard](https://baker1031.com/data/full-cycle/investments/SYNEQ-f5d10df60a11.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Hotel | Indianapolis, IN | 2018-02-14 | 2021-06-28 | 3.37 | -27.50% | 0.07x | Unavailable | Reported loss |
| [Marriott Fairfield Inn](https://baker1031.com/data/full-cycle/investments/SYNEQ-cf2f53ad2dde.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Hotel | Milwaukee, WI | 2016-10-27 | 2021-06-28 | 4.67 | -19.79% | 0.08x | Unavailable | Reported loss |
| [Marriott Residence Inn](https://baker1031.com/data/full-cycle/investments/SYNEQ-c3f6e6d0963a.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Hotel | Alexandria, VA | 2007-04-05 | 2017-05-03 | 10.08 | -1.32% | 0.87x | Unavailable | Reported loss |
| [Marriott TownePlace Suites](https://baker1031.com/data/full-cycle/investments/SYNEQ-375199bccb78.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Hotel | Indianapolis, IN | 2015-07-14 | 2021-06-28 | 5.96 | -9.23% | 0.45x | Unavailable | Reported loss |
| [Mars Petcare](https://baker1031.com/data/full-cycle/investments/SYNEQ-70c68ed8ecca.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Unavailable | Columbus, OH | 2017-08-22 | 2022-03-11 | 4.55 | 15.18% | 1.69x | Unavailable | Break-even or better |
| [Merit Medical](https://baker1031.com/data/full-cycle/investments/SYNEQ-a91ad25c2b53.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Healthcare | Pearland, TX | 2017-02-06 | 2021-08-24 | 4.54 | 20.70% | 1.94x | Unavailable | Break-even or better |
| [Metropolitan Place Retail](https://baker1031.com/data/full-cycle/investments/SYNEQ-d6723d02ca3b.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Retail | Chicago, IL | 2003-05-19 | 2012-05-17 | 9.00 | 8.70% | 1.78x | Unavailable | Break-even or better |
| [National Archives & Records](https://baker1031.com/data/full-cycle/investments/SYNEQ-6c633c46f183.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Government office | Riverside, CA | 2006-06-27 | 2016-08-03 | 10.10 | 4.02% | 1.41x | Unavailable | Break-even or better |
| [National Fire & Resource](https://baker1031.com/data/full-cycle/investments/SYNEQ-201920d25c00.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Unavailable | Tucson, AZ | 2006-06-24 | 2016-07-12 | 10.05 | 5.53% | 1.56x | Unavailable | Break-even or better |
| [NorthShore University HealthSystem](https://baker1031.com/data/full-cycle/investments/SYNEQ-ff530ac86580.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Healthcare | Bannockburn, IL | 2012-12-17 | 2022-04-15 | 9.33 | 8.92% | 1.83x | Unavailable | Break-even or better |
| [Norwalk Office Building](https://baker1031.com/data/full-cycle/investments/SYNEQ-25da01bbe0df.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Office | Norwalk, CA | 2004-10-29 | 2019-10-31 | 15.00 | 1.71% | 1.26x | Unavailable | Break-even or better |
| [Plaza at the Pointe](https://baker1031.com/data/full-cycle/investments/SYNEQ-a65b15de68cd.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Unavailable | Pittsburgh, PA | 2016-11-02 | 2022-06-10 | 5.60 | 12.64% | 1.71x | Unavailable | Break-even or better |
| [Pointe Plaza Shopping Center](https://baker1031.com/data/full-cycle/investments/SYNEQ-bb7b8d6b8e01.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Retail | Niles, IL | 2003-09-22 | 2006-03-20 | 2.49 | 6.86% | 1.17x | Unavailable | Break-even or better |
| [Public Square Garage](https://baker1031.com/data/full-cycle/investments/SYNEQ-7f4b5bf640f0.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Parking | Nashville, TN | 2003-09-26 | 2012-12-31 | 9.26 | -6.57% | 0.39x | Unavailable | Reported loss |
| [Ravinia Plaza Shopping Center](https://baker1031.com/data/full-cycle/investments/SYNEQ-e1c758d2d019.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Retail | Orland Park, IL | 2003-09-19 | 2006-11-01 | 3.12 | 9.83% | 1.31x | Unavailable | Break-even or better |
| [Retail Shopping Centers](https://baker1031.com/data/full-cycle/investments/SYNEQ-a3e7cf3ec526.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Retail | Indiana & Kentucky | 2004-12-02 | 2012-12-31 | 8.08 | -8.45% | 0.32x | Unavailable | Reported loss |
| [Rio 21 and Texan 28](https://baker1031.com/data/full-cycle/investments/SYNEQ-161928a9a1fa.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Student housing | Austin, TX | 2014-11-14 | 2022-12-28 | 8.12 | -0.99% | 0.92x | Unavailable | Reported loss |
| [Rite Aid](https://baker1031.com/data/full-cycle/investments/SYNEQ-7d5ddbfe15a4.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Retail | Youngstown, OH | 1999-06-09 | 2015-06-12 | 16.01 | 9.98% | 2.60x | Unavailable | Break-even or better |
| [River North Retail Development](https://baker1031.com/data/full-cycle/investments/SYNEQ-137e894beab4.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Retail | Chicago, IL | 2016-02-04 | 2023-01-03 | 6.91 | 3.00% | 1.21x | Unavailable | Break-even or better |
| [Riverstone Apartments](https://baker1031.com/data/full-cycle/investments/SYNEQ-1f675a952ce1.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Multifamily | Kansas City, MO | 2013-07-13 | 2016-10-26 | 3.29 | 15.23% | 1.50x | Unavailable | Break-even or better |
| [Rush-Copley](https://baker1031.com/data/full-cycle/investments/SYNEQ-98dfa513a407.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Healthcare | Aurora, IL | 2014-01-06 | 2023-11-03 | 9.82 | -5.89% | 0.42x | Unavailable | Reported loss |
| [Sears Sterling](https://baker1031.com/data/full-cycle/investments/SYNEQ-6172ab90150e.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Retail | Lombard, IL | 1997-09-27 | 2012-12-18 | 15.23 | 13.85% | 3.11x | Unavailable | Break-even or better |
| [Severance Town Center](https://baker1031.com/data/full-cycle/investments/SYNEQ-e0d46b67e63e.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Unavailable | Cleveland Heights, OH | 2004-03-31 | 2015-12-31 | 11.75 | -3.54% | 0.58x | Unavailable | Reported loss |
| [Shops of Beverly](https://baker1031.com/data/full-cycle/investments/SYNEQ-94d97d68297f.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Retail | Beverly, IL | 2005-09-17 | 2017-04-27 | 11.61 | -3.82% | 0.56x | Unavailable | Reported loss |
| [Social Security Administration](https://baker1031.com/data/full-cycle/investments/SYNEQ-0d30ac8c011e.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Government office | Indianapolis, IN | 2010-09-23 | 2023-07-21 | 12.82 | 1.93% | 1.25x | Unavailable | Break-even or better |
| [Social Security Administration](https://baker1031.com/data/full-cycle/investments/SYNEQ-52291fc07667.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Government office | Fort Wayne, IN | 2010-09-23 | 2023-05-23 | 12.66 | 4.21% | 1.53x | Unavailable | Break-even or better |
| [Social Security Administration](https://baker1031.com/data/full-cycle/investments/SYNEQ-5c7222e9b54c.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Government office | Worthington, OH | 2010-10-19 | 2023-06-15 | 12.65 | 2.88% | 1.36x | Unavailable | Break-even or better |
| [Social Security Administration](https://baker1031.com/data/full-cycle/investments/SYNEQ-9eb54a80530d.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Government office | Fort Smith, AR | 2011-03-28 | 2023-06-15 | 12.22 | 4.67% | 1.57x | Unavailable | Break-even or better |
| [Social Security Administration](https://baker1031.com/data/full-cycle/investments/SYNEQ-c8a50ebad4a8.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Government office | Aurora, IL | 2010-10-18 | 2023-05-23 | 12.59 | 3.21% | 1.40x | Unavailable | Break-even or better |
| [Social Security Administration](https://baker1031.com/data/full-cycle/investments/SYNEQ-d7878fdcca97.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Government office | Whitehall, OH | 2010-08-02 | 2023-06-15 | 12.87 | 3.96% | 1.51x | Unavailable | Break-even or better |
| [Social Security Administration](https://baker1031.com/data/full-cycle/investments/SYNEQ-fe5f9da289a4.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Government office | Valparaiso, IN | 2010-05-30 | 2023-05-23 | 12.98 | 1.54% | 1.20x | Unavailable | Break-even or better |
| [Staybridge Suites](https://baker1031.com/data/full-cycle/investments/SYNEQ-193fce82ec4c.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Hotel | Mayfield, OH | 2016-01-21 | 2021-06-28 | 5.43 | -15.91% | 0.14x | Unavailable | Reported loss |
| [Stone Falls of Ada](https://baker1031.com/data/full-cycle/investments/SYNEQ-d09614cef593.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Unavailable | Ada, Michigan | 2018-09-25 | 2022-05-26 | 3.67 | 25.17% | 1.92x | Unavailable | Break-even or better |
| [Student Housing Development](https://baker1031.com/data/full-cycle/investments/SYNEQ-bcf2b8836155.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Student housing | Carbondale, IL | 2014-08-20 | 2015-12-10 | 1.31 | 10.08% | 1.13x | Unavailable | Break-even or better |
| [The Vista & Willow Creek](https://baker1031.com/data/full-cycle/investments/SYNEQ-74cb9b649c24.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Multifamily | Portage and Battle Creek, MI | 2016-06-14 | 2018-08-29 | 2.21 | 8.52% | 1.19x | Unavailable | Break-even or better |
| [Timber Hollow Apartments](https://baker1031.com/data/full-cycle/investments/SYNEQ-28cdfb7e9baa.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Multifamily | Fairfield, OH | 2011-11-14 | 2016-10-25 | 4.95 | 9.53% | 1.47x | Unavailable | Break-even or better |
| [Two Park Office Building](https://baker1031.com/data/full-cycle/investments/SYNEQ-94fe822eae0d.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Office | Milwaukee, WI | 2005-02-15 | 2007-09-12 | 2.57 | 0.95% | 1.02x | Unavailable | Break-even or better |
| [United Healthcare Portfolio](https://baker1031.com/data/full-cycle/investments/SYNEQ-f589735adb19.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Healthcare | Las Vegas, NV | 2013-12-31 | 2019-10-03 | 5.75 | 8.31% | 1.48x | Unavailable | Break-even or better |
| [Volkswagen Distribution Facility](https://baker1031.com/data/full-cycle/investments/SYNEQ-8b0ac7ebe7d6.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Industrial | Libertyville, IL | 2000-08-23 | 2008-12-18 | 8.32 | 5.43% | 1.45x | Unavailable | Break-even or better |
| [Walgreens](https://baker1031.com/data/full-cycle/investments/SYNEQ-3c659975999b.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Retail | Chicago, IL | 2001-04-23 | 2012-04-28 | 11.01 | 10.34% | 2.14x | Unavailable | Break-even or better |
| [Walgreens](https://baker1031.com/data/full-cycle/investments/SYNEQ-72bffa9dab83.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Retail | Pueblo, CO | 2001-11-29 | 2011-12-22 | 10.06 | 9.51% | 1.96x | Unavailable | Break-even or better |
| [Walgreens](https://baker1031.com/data/full-cycle/investments/SYNEQ-85170f743e4d.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Retail | Hickory Hills, IL | 2003-04-30 | 2007-12-17 | 4.63 | 14.62% | 1.68x | Unavailable | Break-even or better |
| [Walgreens](https://baker1031.com/data/full-cycle/investments/SYNEQ-8dcddd98c808.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Retail | Clarkston, MI | 2001-08-09 | 2011-06-24 | 9.87 | 10.01% | 1.99x | Unavailable | Break-even or better |
| [Walgreens](https://baker1031.com/data/full-cycle/investments/SYNEQ-acda779c15c8.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Retail | Alexandria, MN | 2012-05-16 | 2017-06-05 | 5.05 | 8.78% | 1.44x | Unavailable | Break-even or better |
| [Walgreens](https://baker1031.com/data/full-cycle/investments/SYNEQ-b90691f63576.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Retail | Darien, IL | 2001-04-30 | 2013-06-13 | 12.12 | 6.43% | 1.78x | Unavailable | Break-even or better |
| [Walgreens](https://baker1031.com/data/full-cycle/investments/SYNEQ-ca2165017ffc.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Retail | Chicago Heights, IL | 2003-07-11 | 2013-06-15 | 9.93 | 7.20% | 1.72x | Unavailable | Break-even or better |
| [Walgreens](https://baker1031.com/data/full-cycle/investments/SYNEQ-da2c444f8854.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Retail | Amarillo, TX | 2002-04-25 | 2012-02-01 | 9.77 | 8.10% | 1.79x | Unavailable | Break-even or better |
| [Walgreens](https://baker1031.com/data/full-cycle/investments/SYNEQ-e66277cd574e.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Retail | Del City, OK | 1997-02-26 | 2021-06-28 | 24.33 | 18.86% | 5.59x | Unavailable | Break-even or better |
| [Walgreens Center](https://baker1031.com/data/full-cycle/investments/SYNEQ-4242b5cbdff0.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Retail | Sullivan, MO | 2013-07-26 | 2022-11-18 | 9.31 | -1.04% | 0.90x | Unavailable | Reported loss |
| [Walker House Apartments](https://baker1031.com/data/full-cycle/investments/SYNEQ-648d03e4c0f9.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Multifamily | Gaithersburg, MD | 2018-05-19 | 2022-03-28 | 3.86 | 16.00% | 1.62x | Unavailable | Break-even or better |
| [Webster Place Shopping Center](https://baker1031.com/data/full-cycle/investments/SYNEQ-7d2b80d3aa35.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Retail | Chicago, IL | 2005-04-28 | 2018-12-04 | 13.60 | 4.97% | 1.68x | Unavailable | Break-even or better |
| [Wells Place Apartment Development](https://baker1031.com/data/full-cycle/investments/SYNEQ-3f28358546cf.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Multifamily | Chicago, IL | 2014-12-11 | 2018-05-07 | 3.40 | 9.60% | 1.33x | Unavailable | Break-even or better |
| [West Loop Multifamily Development](https://baker1031.com/data/full-cycle/investments/SYNEQ-cb7f569da834.md) [40](#note-40) [46](#note-46) | Syndicated Equities | Multifamily | Chicago, IL | 2014-04-15 | 2020-11-19 | 6.60 | 8.68% | 1.57x | Unavailable | Break-even or better |
## Footnotes
### 4. 1501 Jackson
1501 Jackson: the report prints malformed distributions of “$1,869,0533” and a 0.28x multiple. The magnitude is unresolved and omitted from multiple/annual-return averages. Its explicitly reported loss outcome remains in Success Rate; no cash amount is corrected by assumption.
Treatment: Excluded from annual, multiple comparisons; listing retained
Source: Syndicated Full Track Record (2024).pdf, PDF viewer pages 10.
### 38. Syndicated Equities: source basis and comparison samples
Source basis: Investor (fees unspecified). 78 investments are listed. Annual return: 77 available, 1 excluded; Hold period: 78 available; Equity multiple: 77 available, 1 excluded; Success Rate: 78 available. Missing values and the specific exclusions determine each metric’s sample. Qualifications: 78 histories have unconfirmed investor structures; inclusion does not establish 1031 eligibility.
### 40. 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.
### 46. Investor structure unconfirmed
The source does not confirm the investor security structure. The property history remains in the broad screen; inclusion does not establish 1031 eligibility.
### 47. Source-input warning
The source flags inputs or the original measurement period. Consult the investment’s source and calculation notes before comparing the displayed result.
## Proprietary compilation and use
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.
Methods: https://baker1031.com/data/full-cycle/methodology.md
Securities offered through Aurora Securities, Inc., member FINRA/SIPC. Baker 1031 Investments, LLC is independent of Aurora Securities, Inc. Contact: hello@baker1031.com.