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…

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
100.00%
Year Founded
1970
Headquarters
St. Paul, MN

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.

Key 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.

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 .79x 2.96%
Applebee's Virginia Beach, VA Net Lease 2.55 1.19x 11.22%
Applebee's Crestview Hills, KY Net Lease 9.39 1.87x 9.35%
Applebee's Aurora, CO Net Lease 11.89 2.2x 9.98%
Applebee's Destin, FL Net Lease 10.95 1.88x 9.24%
Applebee's Temple Terrace, FL Net Lease 14.19 2.58x 10.24%
Applebee's Middletown, OH Net Lease 14.13 2.39x 9.55%
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 El Paso, TX Net Lease 5.92 .64x 2.25%
Carino's McAllen, TX Net Lease 10.31 1.05x 5.46%
Carino's Austin, TX Net Lease 12.32 1.72x 7.46%
Carino's Irving, TX Net Lease 10.29 1.19x 4.85%
Carino's Lakewood, CO Net Lease 14.12 1.33x 6.26%
Carino's Mansfield, TX Net Lease 10.47 .92x 3.77%
Carino's Longview, TX Net Lease 10.21 .86x 3.98%
Carino's Pharr, TX Net Lease 15.33 1.33x 4.93%
Carino's Victoria, TX Net Lease 16.4 1.58x 5.93%
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 .64x 4.21%
Champps Centerville, OH Net Lease 11.75 .82x 5.43%
Champps Lyndhurst, OH Net Lease 17.17 1.02x 5.78%
Champps Schaumburg, IL Net Lease 15.21 1.48x 6.10%
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 De Pere, WI Net Lease 14.81 1.89x 7.58%
KinderCare / Children's World West Bridgewater, MA Net Lease 14 1.83x 7.08%
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 Houston, TX Net Lease 14.57 2.23x 7.71%
KinderCare / Children's World Twinsburg, OH Net Lease 14.74 2.13x 7.34%
Marie Callender's Gresham, OR Net Lease 12.94 1.1x 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 Waco, TX Net Lease 13.88 2.53x 9.75%
Taco Cabana San Antonio, TX Net Lease 13.17 2.13x 9.96%
Timber Lodge Rochester, MN Net Lease 10.06 1.21x 6.83%
Timber Lodge St. Cloud, MN Net Lease 13.58 1.21x 5.78%
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 offerings from this sponsor

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.