# AX Diversified Retail Portfolio, DST

> AX Diversified Retail Portfolio, DST is a $89.5 million offering comprising six properties with broad exposure to home improvement, wholesale club, and essential retail formats benefiting from distinct demand drivers and non-discretionary, cycle-resilient consumer spending.

Source: https://baker1031.com/invest/ax-diversified-retail-portfolio-dst


## Key terms

| Term | Value |
|---|---|
| Status | Under review |
| Property type | Retail |
| Sponsor | Apollo |
| Location | Alabama, Florida, Indiana, Mississippi, Texas |
| Minimum investment | $25,000 |
| Year-1 projected distribution | 4.60% |
| Average projected distribution | 4.60% |
| Projected hold | 7–10 yrs |
| Offering size | $89,500,000 |
| Equity raise | $89,500,000 |
| Debt | $0 |
| Loan-to-value | All cash |
| 721 exit | Mandatory |

## Projected distributions by year

| Year | Projected distribution |
|---|---|
| Year 1 | 4.60% |

## Overview

AX Diversified Retail Portfolio, DST is a $89.5 million offering comprising six properties with broad exposure to home improvement, wholesale club, and essential retail formats benefiting from distinct demand drivers and non-discretionary, cycle-resilient consumer spending. The portfolio is leased to affiliates of Lowe's, Sam's Club, Kroger and BJ's Wholesale Club, nationally recognized retailers with strong credit profiles and established market positions in Mississippi, Alabama, Texas, Florida, and Indiana.

Information reflects my offering records as of November 1, 2026 and may have changed. Projected distributions are the sponsor's estimates, are not guaranteed, may change or stop, and may include a return of capital. To request the offering documents, contact hello@baker1031.com or visit https://baker1031.com/invest/ax-diversified-retail-portfolio-dst.

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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