Fees & How We're Paid

Who pays, and how much.

Investors do not pay Baker 1031 an advisory fee, a retainer, or an added commission. Our compensation is a selling commission paid by the sponsor out of each offering's disclosed cost load — the standard structure across the DST industry. Whether you invest through us or directly with a sponsor's wholesale desk, the offering's load is the same; working with an independent desk costs you nothing extra.

That structure also means our incentives deserve daylight, so here is the full picture of what a DST costs and where every dollar goes.

What an offering’s load includes

Together these make up the total load — the percentage of the offering that does not go into the real estate. It varies by offering and sponsor, it is stated in every private placement memorandum, and we publish it on every offering page on this site (see the “Total Load” line in each fact table). Ongoing asset-management fees and a disposition fee at sale are separate, and likewise disclosed in the PPM.

How the structure keeps us honest

Because commissions are broadly similar across institutional DST offerings, we have no financial reason to steer you toward one sponsor over another — which is exactly how we want it. Our coverage is sponsor-agnostic, our diligence is published, and our analyst notes flag the cons alongside the pros on every offering.

Recommendations are made under Regulation Best Interest and reviewed by the supervising registered principal at Aurora Securities. Before you invest, we walk through the fee table in the PPM together, so the load, the ongoing fees, and the disposition economics are understood — not discovered.

Have a fee question we have not answered? Ask the desk directly.