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 |
Sponsor summaries
Historical sponsor results. Numbered footnotes explain sources, samples and exceptions.
Sponsor comparison
Click a column heading to sort. Notes beside each name explain the figures.
Scroll across the table to view every metric.
| Sponsor | Listed | Avg. annual return | Avg. hold (years) | Avg. multiple | Success Rate |
|---|---|---|---|---|---|
| AEI Capital Corporation15 | 57 | 4.08% | 13.77 | 1.58x | 89.47% |
| Apollo | 0 | No Full-Cycle Data Reported | |||
| ARCTRUST | 0 | No Full-Cycle Data Reported | |||
| Blackstone | 0 | No Full-Cycle Data Reported | |||
| Blue Door16 | 2 | Unavailable | 5.33 | Unavailable | Unavailable |
| Blue Owl | 0 | No Full-Cycle Data Reported | |||
| Bluerock61417 | 137 | 22.88% | 4.13 | 1.82x | 94.70% |
| Bridgeview18 | 11 | 44.18% | 2.73 | 2.45x | 100.00% |
| Brookfield | 0 | No Full-Cycle Data Reported | |||
| Cantor Fitzgerald19 | 10 | 11.23% | 4.12 | 1.44x | 100.00% |
| Capital Square20 | 45 | 9.41% | 6.19 | 1.57x | 93.33% |
| ERP Industrials | 0 | No Full-Cycle Data Reported | |||
| ExchangeRight21 | 28 | 10.43% | 5.41 | 1.53x | 100.00% |
| Fortress | 0 | No Full-Cycle Data Reported | |||
| Four Springs TEN31 Xchange22 | 27 | 6.45% | 3.56 | 1.20x | 92.59% |
| Griffin Capital23 | 2 | 18.04% | 4.42 | 1.72x | 100.00% |
| Hamilton Point24 | 7 | 15.67% | 3.52 | 1.53x | 100.00% |
| IDEAL Capital Group25 | 9 | Unavailable | 3.20 | Unavailable | 100.00% |
| Inland26 | 116 | 6.18% | 8.88 | 1.40x | 81.90% |
| Invesco | 0 | No Full-Cycle Data Reported | |||
| JLL | 0 | No Full-Cycle Data Reported | |||
| JWCM | 0 | No Full-Cycle Data Reported | |||
| Livingston Street Capital2527 | 4 | 9.45% | 4.17 | 1.36x | 100.00% |
| Medalist | 0 | No Full-Cycle Data Reported | |||
| Moody National28 | 7 | Unavailable | 4.72 | Unavailable | Unavailable |
| NewStar29 | 2 | Unavailable | Unavailable | Unavailable | 100.00% |
| NexPoint730 | 3 | 16.83% | 4.71 | 1.65x | 100.00% |
| NLC131 | 4 | 14.86% | 10.86 | 2.74x | 100.00% |
| Olympus32 | 59 | Unavailable | 5.57 | Unavailable | 100.00% |
| Passco33 | 76 | 8.64% | 7.07 | 0.59x | 84.21% |
| Peachtree Group34 | 49 | 27.72% | 6.07 | 2.10x | 100.00% |
| PREP | 0 | No Full-Cycle Data Reported | |||
| Reliant3835 | 41 | 34.42% | 4.51 | 2.50x | 97.56% |
| Resource Royalty | 0 | No Full-Cycle Data Reported | |||
| Sealy | 0 | No Full-Cycle Data Reported | |||
| Secure Properties91036 | 27 | 70.78% | 1.83 | 1.90x | 100.00% |
| Starboard37 | 4 | Unavailable | 6.09 | Unavailable | 100.00% |
| Syndicated Equities438 | 78 | 5.89% | 7.70 | 1.38x | 71.79% |
| Walton Global11121339 | 32 | 3.68% | 8.15 | 1.32x | 90.63% |
Data snapshot from full_cycle_sponsor_summary_reviewed.xlsx. Figures describe the retained source records and are not pooled portfolio returns.
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
LSC-BIO HC1, DST
LSC-BIO HC1: the PPM reports 1.46x, while its disclosed total distributions of $7,319,376 divided by $4,453,890 of invested equity equal about 1.6434x. Multiple and derived annual-return averages omit the conflicted magnitude; the reported capital-recovery outcome remains a success.
Excluded from annual, multiple comparisons; listing retained
Livingston Street Capital - LSC-Fort Washington MD, DST - PPM.pdf · PDF viewer page 101
Midgard Naples 2
Midgard Naples 2: the PPM reports a 1.09x deal multiple, but $8,461,740 of investor distributions divided by $4,788,100 of investor capital equals about 1.7672x. Multiple and derived annual-return averages omit the unresolved magnitude; success remains positive under both figures.
Excluded from annual, multiple comparisons; listing retained
Reliant - Reliant Midgard Self Storage DST I - PPM.pdf · PDF viewer pages 61, 62
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.
Excluded from annual, multiple comparisons; listing retained
Syndicated Full Track Record (2024).pdf · PDF viewer page 10
LSC-UKHS HC2, DST
LSC-UKHS HC2: the source states 2 years 11 months, while its dates imply about 2.74 years. Its 1.29x multiple is slightly below the 1.2995x cash ratio. The worksheet uses its stated date convention and preserves these differences.
Source warning / existing missing input; offering retained
Livingston Street Capital - LSC-Fort Washington MD, DST - PPM.pdf · PDF viewer page 101
The Cottages at Warner Robins
The Cottages at Warner Robins: printed purchase/sale years are reversed. The calculations use the separately reported 24-month hold; the date typo is preserved in the notes.
Source warning / existing missing input; offering retained
Bluerock - BR Diversified Industrial Portfolio 8, DST - PPM.pdf · PDF viewer page 133
NREA Adair DST
NREA Adair DST: source acquisition October 2022 follows its April 2022 sale. Hold is unavailable. Reported 17.1% annualized return and 1.70x multiple remain source observations.
Source warning / existing missing input; offering retained
NexPoint - NexPoint Lodging II DST - PPM.pdf · PDF viewer page 85
Midgard Murrells Inlet Two
Midgard Murrells Inlet Two: both dates are June 2020 at month precision. The reported 4.3x multiple remains included; a positive hold and simple annual-return estimate are unavailable.
Source warning / existing missing input; offering retained
Reliant - Reliant Midgard Self Storage DST I - PPM.pdf · PDF viewer page 62
Superior Huntington
Superior Huntington: no investor capital was called; source MOIC and IRR are N/A. The offering remains listed, with return magnitude and success outcome unavailable rather than treated as a failure.
Source warning / existing missing input; offering retained
Secure Properties - Secure Net Lease Industrial II, DST - PPM.pdf · PDF viewer page 67
Guidepost
Guidepost: an 18-asset program reports “Various” dates. Its cash multiple and success outcome remain; a single hold or simple annual-return estimate is unavailable.
Source warning / existing missing input; offering retained
Secure Properties - Secure Net Lease Industrial II, DST - PPM.pdf · PDF viewer page 67
Kyle Estates - West
Kyle Estates–West: source MOIC is 0.00x. Positive property-sale proceeds do not establish investor distributions after allocations. The reported loss remains included; its cash allocation has not been independently reconciled.
Source warning / existing missing input; offering retained
Walton Global - Colorado Growth 1 - Holly Ridge DST - PPM.pdf · PDF viewer pages 200, 201, 211
Hunt County
The source row starts in April 2018 but has no RUC vehicle label or footnote proving a capital rebase. The earlier rebase inference is not used to suppress its reported-multiple outcome: loss (0.88x). Capital-basis uncertainty is retained as a warning. The Investments-tab annual return remains unavailable.
Reported-multiple outcome restored; annual return remains unavailable
Walton Global - Colorado Growth 1 - Holly Ridge DST - PPM.pdf · PDF viewer pages 200, 208, 211
Caldwell- Southern US Land 2, 100 Acres
The source row starts in April 2018 but has no RUC vehicle label or footnote proving a capital rebase. The earlier rebase inference is not used to suppress its reported-multiple outcome: success (1.71x). Capital-basis uncertainty is retained as a warning. The Investments-tab annual return remains unavailable.
Reported-multiple outcome restored; annual return remains unavailable
Walton Global - Colorado Growth 1 - Holly Ridge DST - PPM.pdf · PDF viewer pages 200, 208, 211
Sorrel Phillips Creek / Sovereign Apartments portfolio
The source reports combined portfolio equity and return for Sorrel Phillips Creek and Sovereign Apartments, while the displayed holding period relates to one property. A matched portfolio annual rate is unavailable. The portfolio is counted once; its supported multiple and reported success remain.
Annual return already unavailable; reported portfolio multiple and outcome retained
Bluerock - BR Diversified Industrial Portfolio 8, DST - PPM.pdf · PDF viewer pages 131, 134
AEI Capital Corporation: source basis and comparison samples
Source basis: Investor (fees unspecified). 57 investments are listed. Annual return: 57 available; Hold period: 57 available; Equity multiple: 57 available; Success Rate: 57 available. Missing values and the specific exclusions determine each metric’s sample.
Blue Door: source basis and comparison samples
Source basis: Noncash / mixed. 2 investments are listed. Annual return: 0 available; Hold period: 1 available; Equity multiple: 0 available; Success Rate: 0 available. Missing values and the specific exclusions determine each metric’s sample.
Bluerock: source basis and comparison samples
Source basis: Mixed source bases. 137 investments are listed. Annual return: 131 available; Hold period: 136 available; Equity multiple: 110 available; Success Rate: 132 available. Missing values and the specific exclusions determine each metric’s sample. Qualifications: 22 outcomes inferred from return signs, assuming conventional cash flows; 111 histories have unconfirmed investor structures; inclusion does not establish 1031 eligibility.
Bridgeview: source basis and comparison samples
Source basis: Mixed source bases. 11 investments are listed. Annual return: 10 available; Hold period: 10 available; Equity multiple: 11 available; Success Rate: 11 available. Missing values and the specific exclusions determine each metric’s sample. Qualifications: 2 outcomes include source valuations or in-kind consideration rather than confirmed final cash proceeds; 11 histories have unconfirmed investor structures; inclusion does not establish 1031 eligibility.
Cantor Fitzgerald: source basis and comparison samples
Source basis: Net investor. 10 investments are listed. Annual return: 10 available; Hold period: 10 available; Equity multiple: 10 available; Success Rate: 10 available. Missing values and the specific exclusions determine each metric’s sample. Qualifications: 1 source-estimated results.
Capital Square: source basis and comparison samples
Source basis: Investor (fees unspecified). 45 investments are listed. Annual return: 45 available; Hold period: 45 available; Equity multiple: 45 available; Success Rate: 45 available. Missing values and the specific exclusions determine each metric’s sample.
ExchangeRight: source basis and comparison samples
Source basis: Noncash / mixed. 28 investments are listed. Annual return: 28 available; Hold period: 28 available; Equity multiple: 28 available; Success Rate: 28 available. Missing values and the specific exclusions determine each metric’s sample. Qualifications: 28 outcomes include source valuations or in-kind consideration rather than confirmed final cash proceeds.
Four Springs TEN31 Xchange: source basis and comparison samples
Source basis: Mixed source bases. 27 investments are listed. Annual return: 27 available; Hold period: 27 available; Equity multiple: 27 available; Success Rate: 27 available. Missing values and the specific exclusions determine each metric’s sample. Qualifications: 20 outcomes include source valuations or in-kind consideration rather than confirmed final cash proceeds; 18 histories have unconfirmed investor structures; inclusion does not establish 1031 eligibility.
Griffin Capital: source basis and comparison samples
Source basis: Net investor. 2 investments are listed. Annual return: 2 available; Hold period: 2 available; Equity multiple: 2 available; Success Rate: 2 available. Missing values and the specific exclusions determine each metric’s sample. Qualifications: 1 source-estimated results.
Hamilton Point: source basis and comparison samples
Source basis: Net investor. 7 investments are listed. Annual return: 7 available; Hold period: 7 available; Equity multiple: 7 available; Success Rate: 7 available. Missing values and the specific exclusions determine each metric’s sample.
IDEAL Capital Group: source basis and comparison samples
Source basis: Investor (fees unspecified). 9 investments are listed. Annual return: 0 available; Hold period: 9 available; Equity multiple: 0 available; Success Rate: 9 available. Missing values and the specific exclusions determine each metric’s sample. Qualifications: 9 outcomes inferred from return signs, assuming conventional cash flows; 9 histories have unconfirmed investor structures; inclusion does not establish 1031 eligibility.
Inland: source basis and comparison samples
Source basis: Net investor. 116 investments are listed. Annual return: 116 available; Hold period: 116 available; Equity multiple: 116 available; Success Rate: 116 available. Missing values and the specific exclusions determine each metric’s sample. Qualifications: 116 outcomes include source valuations or in-kind consideration rather than confirmed final cash proceeds; 10 histories have unconfirmed investor structures; inclusion does not establish 1031 eligibility.
Livingston Street Capital: source basis and comparison samples
Source basis: Investor (fees unspecified). 4 investments are listed. Annual return: 3 available, 1 excluded; Hold period: 4 available; Equity multiple: 3 available, 1 excluded; Success Rate: 4 available. Missing values and the specific exclusions determine each metric’s sample.
Moody National: source basis and comparison samples
Source basis: Property prices only. 7 investments are listed. Annual return: 0 available; Hold period: 3 available; Equity multiple: 0 available; Success Rate: 0 available. Missing values and the specific exclusions determine each metric’s sample. Qualifications: 2 histories have unconfirmed investor structures; inclusion does not establish 1031 eligibility.
NewStar: source basis and comparison samples
Source basis: Property / JV. 2 investments are listed. Annual return: 0 available; Hold period: 0 available; Equity multiple: 0 available; Success Rate: 2 available. Missing values and the specific exclusions determine each metric’s sample. Qualifications: 2 outcomes inferred from return signs, assuming conventional cash flows; 2 histories have unconfirmed investor structures; inclusion does not establish 1031 eligibility.
NexPoint: source basis and comparison samples
Source basis: Mixed source bases. 3 investments are listed. Annual return: 3 available; Hold period: 2 available; Equity multiple: 3 available; Success Rate: 3 available. Missing values and the specific exclusions determine each metric’s sample. Qualifications: 3 outcomes include source valuations or in-kind consideration rather than confirmed final cash proceeds.
NLC: source basis and comparison samples
Source basis: Investor (fees unspecified). 4 investments are listed. Annual return: 3 available, 1 excluded; Hold period: 3 available, 1 excluded; Equity multiple: 3 available, 1 excluded; Success Rate: 3 available, 1 excluded. Missing values and the specific exclusions determine each metric’s sample.
Olympus: source basis and comparison samples
Source basis: Net investor. 59 investments are listed. Annual return: 0 available; Hold period: 59 available; Equity multiple: 0 available; Success Rate: 59 available. Missing values and the specific exclusions determine each metric’s sample. Qualifications: 59 outcomes inferred from return signs, assuming conventional cash flows; 59 histories have unconfirmed investor structures; inclusion does not establish 1031 eligibility.
Passco: source basis and comparison samples
Source basis: Investor (fees unspecified). 76 investments are listed. Annual return: 76 available; Hold period: 76 available; Equity multiple: 1 available; Success Rate: 76 available. Missing values and the specific exclusions determine each metric’s sample. Qualifications: 75 outcomes inferred from return signs, assuming conventional cash flows; 8 histories have unconfirmed investor structures; inclusion does not establish 1031 eligibility.
Peachtree Group: source basis and comparison samples
Source basis: Gross deal equity. 49 investments are listed. Annual return: 48 available; Hold period: 49 available; Equity multiple: 48 available; Success Rate: 48 available. Missing values and the specific exclusions determine each metric’s sample. Qualifications: 49 histories have unconfirmed investor structures; inclusion does not establish 1031 eligibility.
Reliant: source basis and comparison samples
Source basis: Investor (fees unspecified). 41 investments are listed. Annual return: 39 available, 1 excluded; Hold period: 40 available; Equity multiple: 40 available, 1 excluded; Success Rate: 41 available. Missing values and the specific exclusions determine each metric’s sample. Qualifications: 41 histories have unconfirmed investor structures; inclusion does not establish 1031 eligibility.
Secure Properties: source basis and comparison samples
Source basis: Investor (fees unspecified). 27 investments are listed. Annual return: 25 available; Hold period: 26 available; Equity multiple: 26 available; Success Rate: 26 available. Missing values and the specific exclusions determine each metric’s sample. Qualifications: 27 histories have unconfirmed investor structures; inclusion does not establish 1031 eligibility.
Starboard: source basis and comparison samples
Source basis: Investor (fees unspecified). 4 investments are listed. Annual return: 0 available; Hold period: 4 available; Equity multiple: 0 available; Success Rate: 4 available. Missing values and the specific exclusions determine each metric’s sample. Qualifications: 4 outcomes inferred from return signs, assuming conventional cash flows.
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.
Walton Global: source basis and comparison samples
Source basis: Mixed source bases. 32 investments are listed. Annual return: 30 available; Hold period: 32 available; Equity multiple: 32 available; Success Rate: 32 available. Missing values and the specific exclusions determine each metric’s sample. Qualifications: 32 histories have unconfirmed investor structures; inclusion does not establish 1031 eligibility.
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.