AEI Capital Corporation
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…
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.
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.
| Investment | Location | Asset Class | Hold | Equity Multiple | Annual 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
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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.
