Sponsor Profile

AEI Capital Corporation

St. Paul, MN · Founded 1970 · aeifunds.com · Reviewed July 2026

AEI is among the longest-tenured names in the net-lease 1031 space, tracing its lineage to 1970 and to what it describes as one of the earliest securitized fractional-ownership structures. The firm's franchise is built…

Baker 1031 Investments is an independent broker-dealer representative and is not affiliated with, endorsed by, or sponsored by AEI Capital Corporation. This page is Baker 1031’s own research profile of the sponsor. AEI Capital Corporation and its logo are trademarks of their respective owner, used here for identification only.

Assets Under Mgmt
$1.61B
Full-Cycle Deals
55
Avg Annual Return
6.80%
Avg Equity Multiple
1.58x
Avg Hold
13.57 Years
Full-Cycle Success
89.1%
Year Founded
1970
Headquarters
St. Paul, MN

AEI Capital Corporation Overview

AEI is among the longest-tenured names in the net-lease 1031 space, tracing its lineage to 1970 and to what it describes as one of the earliest securitized fractional-ownership structures. The firm's franchise is built on debt-free, all-cash ownership of single-tenant retail, restaurant and healthcare properties leased to credit-quality operators—a conservative posture that strips refinancing and foreclosure risk out of the capital stack and has carried it through multiple real estate cycles. With decades of completed full-cycle programs behind it, AEI markets stability and longevity over scale or sector breadth, a profile that resonates with risk-averse exchangers prioritizing capital preservation over yield.

AEI Capital Corporation Strategies & Advantages

  • One of the oldest net-lease sponsors in the securitized-exchange market, tracing to 1970 and to one of the earliest fractional-ownership structures.
  • Anchors offerings in debt-free, all-cash ownership, stripping refinancing and foreclosure risk out of the capital stack.
  • Specializes in single-tenant retail, restaurant and healthcare net lease to credit-quality operators.
  • Has completed hundreds of full-cycle programs across multiple cycles, a deep disposition record.
  • Markets stability and longevity over scale, resonating with capital-preservation-focused exchangers.
These describe the sponsor’s approach and potential advantages only, and should be weighed against the risks common to DST investments — illiquidity, loss of principal, and no guaranteed distributions. Full risk factors are in each offering’s Private Placement Memorandum.

AEI Capital Corporation Track Record

AEI Capital Corporation has 55 full-cycle programs in the Baker 1031 dataset, averaging 6.80% annual return, a 1.58x average equity multiple, and a 13.6-year average hold.

Deal-by-deal full-cycle track record
InvestmentLocationAsset ClassHoldEquity MultipleAnnual Return
Aaron's Muscle Shoals, AL Net Lease 17.56 0.79x 2.96%
Applebee's Destin, FL Net Lease 10.95 1.88x 9.24%
Applebee's Middletown, OH Net Lease 14.13 2.39x 9.55%
Applebee's Temple Terrace, FL Net Lease 14.19 2.58x 10.24%
Applebee's Virginia Beach, VA Net Lease 2.55 1.19x 11.22%
Applebee's Aurora, CO Net Lease 11.89 2.20x 9.98%
Applebee's Crestview Hills, KY Net Lease 9.39 1.87x 9.35%
Arby's Homewood, AL Net Lease 17.86 1.61x 6.65%
BJ's Restaurant & Brewhouse / Champps Livonia, MI Net Lease 17.28 1.73x 6.57%
Carino's Irving, TX Net Lease 10.29 1.19x 4.85%
Carino's Victoria, TX Net Lease 16.4 1.58x 5.93%
Carino's Lakewood, CO Net Lease 14.12 1.33x 6.26%
Carino's Mansfield, TX Net Lease 10.47 0.92x 3.77%
Carino's Pharr, TX Net Lease 15.33 1.33x 4.93%
Carino's McAllen, TX Net Lease 10.31 1.05x 5.46%
Carino's El Paso, TX Net Lease 5.92 0.64x 2.25%
Carino's Austin, TX Net Lease 12.32 1.72x 7.46%
Carino's Longview, TX Net Lease 10.21 0.86x 3.98%
Carmax Lithia Springs, GA Net Lease 6.3 1.44x 5.99%
Cash America Covington, LA Net Lease 17.57 1.32x 4.30%
Champps Utica, MI Net Lease 9.65 0.64x 4.21%
Champps Lyndhurst, OH Net Lease 17.17 1.02x 5.78%
Champps Schaumburg, IL Net Lease 15.21 1.48x 6.10%
Champps Centerville, OH Net Lease 11.75 0.82x 5.43%
Champps Columbus (Easton), OH Net Lease 15.54 1.85x 8.14%
Champps Columbus (Crosswood), OH Net Lease 19.6 1.36x 6.46%
Chateau Elite Mundelein, IL Net Lease 18.16 1.96x 7.05%
Chi-Chi's Appleton, WI Net Lease 8.32 1.45x 5.47%
Fuddruckers Thornton, CO Net Lease 10.66 1.24x 8.88%
Garden Ridge Conroe, TX Net Lease 2.87 1.08x 6.59%
Gingham's St. Charles, MO Net Lease 23.29 2.27x 9.18%
Hollywood Video Saraland, AL Net Lease 10.39 1.27x 6.76%
HomeTown Buffet Albuquerque, NM Net Lease 20.22 1.64x 6.15%
Jared Hazelwood, MO Net Lease 15.71 1.22x 6.86%
KinderCare Ballwin, MO Net Lease 8.78 1.45x 7.15%
KinderCare Ft. Worth, TX Net Lease 20.1 2.74x 7.39%
KinderCare / Children's World Houston, TX Net Lease 14.57 2.23x 7.71%
KinderCare / Children's World De Pere, WI Net Lease 14.81 1.89x 7.58%
KinderCare / Children's World Twinsburg, OH Net Lease 14.74 2.13x 7.34%
KinderCare / Children's World Colorado Springs, CO Net Lease 15.31 2.05x 7.96%
KinderCare / Children's World Monument, CO Net Lease 12.47 1.35x 7.33%
KinderCare / Children's World West Bridgewater, MA Net Lease 14 1.83x 7.08%
Marie Callender's Gresham, OR Net Lease 12.94 1.10x 4.75%
Mimi's Café Kansas City, MO Net Lease 11.76 1.04x 5.15%
Rio Bravo St. Paul, MN Net Lease 9.81 1.67x 5.49%
Rite Aid Cicero, NY Net Lease 19.22 1.25x 5.20%
Taco Cabana San Antonio, TX Net Lease 13.17 2.13x 9.96%
Taco Cabana Waco, TX Net Lease 13.88 2.53x 9.75%
Timber Lodge St. Cloud, MN Net Lease 13.58 1.21x 5.78%
Timber Lodge Rochester, MN Net Lease 10.06 1.21x 6.83%
Tractor Supply Bristol, VA Net Lease 22.94 3.49x 9.46%
Tumbleweed Chillicothe, OH Net Lease 9.2 1.62x 8.81%
Tumbleweed Columbus, OH Net Lease 11.24 1.43x 7.42%
U-Like Buffet / HomeTown Buffet Tucson, AZ Net Lease 23.33 1.74x 5.91%
Winn Dixie Panama City, FL Net Lease 17.13 1.76x 6.20%

Figures are sponsor-reported and not independently verified; they may reflect selection and survivorship bias, and past performance does not guarantee future results. “Preferred” is Baker’s internal designation, not a rating or endorsement.

Current AEI Capital Corporation Offerings

Baker 1031 tracks this sponsor’s active DST and 1031-eligible offerings. Verified investors can review what’s currently available. Browse current offerings →

Gerald F. “Jerry” Baker, III — Founder & Managing Principal, Baker 1031 Investments · FINRA Series 22 / 63 · SIE. Read full bio →

Sponsor figures are sponsor-reported and not independently verified; they may reflect selection and survivorship bias, and past performance does not guarantee future results. This profile is educational and is not investment advice or an offer to sell or a solicitation to buy any security. Offerings are available only to accredited investors and are made solely through the sponsor’s Private Placement Memorandum. Securities offered through Aurora Securities, member FINRA/SIPC. Real estate investments involve risk, including possible loss of principal.