Four Springs Capital
Four Springs Capital reaches the 1031 market through Four Springs TEN31 Xchange, sponsoring net-lease DSTs concentrated in single-tenant industrial and medical properties under long-term leases to credit tenants such as…
Baker 1031 Investments is an independent broker-dealer representative and is not affiliated with, endorsed by, or sponsored by Four Springs Capital. This page is Baker 1031’s own research profile of the sponsor. Four Springs Capital and its logo are trademarks of their respective owner, used here for identification only.
Four Springs Capital Overview
Four Springs Capital reaches the 1031 market through Four Springs TEN31 Xchange, sponsoring net-lease DSTs concentrated in single-tenant industrial and medical properties under long-term leases to credit tenants such as Ford, Eaton and Carhartt. A deliberate focus on the $5 million-to-$200 million deal range keeps it below the institutional bid and above the retail scrum, a niche it has worked across more than 1,000 completed exchanges and over $1 billion in equity raised. As a subsidiary of Four Springs Capital Trust, it offers an UPREIT roll-up into the REIT, combining credit-tenant durability with a defined exit.
Four Springs Capital Strategies & Advantages
- Reaches exchangers via Four Springs TEN31 Xchange, net-lease DSTs in single-tenant industrial/medical assets (Ford, Eaton, Carhartt).
- Deliberately targets the $5M-$200M deal range, below the institutional bid and above the retail scrum.
- Has completed more than 1,000 exchanges, deep 1031 throughput.
- Offers an UPREIT roll-up into the affiliated Four Springs Capital Trust REIT.
- Has acquired $1.3B+ in single-tenant net lease and raised $1B+ in equity.
Four Springs Capital Track Record
Four Springs Capital has 24 full-cycle programs in the Baker 1031 dataset, averaging 7.05% annual return, a 1.47x average equity multiple, and a 3.3-year average hold.
| Investment | Location | Asset Class | Hold | Equity Multiple | Annual Return |
|---|---|---|---|---|---|
| Aaron's Inc. – Anderson, SC | Anderson, SC | Retail | 2.41 | 1.17x | 7.20% |
| Aaron's Inc. – Artesia, NM | Artesia, NM | Retail | 2.79 | 1.20x | 7.20% |
| Aaron's Inc. – Charleston, SC | Charleston, SC | Retail | 2.56 | 1.18x | 7.01% |
| Aaron's Inc. – Huntsville, AL | Huntsville, AL | Retail | 2.59 | 1.19x | 7.20% |
| Aaron's Inc. – Newport News, VA | Newport News, VA | Retail | 3.01 | 1.22x | 7.20% |
| Advance Auto Parts – Garner, NC | Garner, NC | Retail | 1.53 | 1.12x | 7.50% |
| Dollar General – Charlotte, NC | Charlotte, NC | Retail | 1.99 | 1.15x | 7.75% |
| Dollar General – Eden, NC | Eden, NC | Retail | 1.47 | 1.18x | 8.00% |
| Dollar General – Elizabeth City, NC | Elizabeth City, NC | Retail | 1.68 | 1.13x | 7.50% |
| Dollar General – Fort Braden, FL | Fort Braden, FL | Retail | 1.05 | 1.07x | 7.00% |
| Dollar General – Midway, GA | Midway, GA | Retail | 2.21 | 1.17x | 7.75% |
| Dollar General – Pensacola, FL | Pensacola, FL | Retail | 0.86 | 1.06x | 7.00% |
| Dollar General – Savannah, GA | Savannah, GA | Retail | 1.29 | 1.09x | 7.26% |
| Dollar General – Winter Haven, FL | Winter Haven, FL | Retail | 1.84 | 1.14x | 7.70% |
| Family Dollar – Memphis, TN | Memphis, TN | Retail | 0.4 | 1.03x | 7.12% |
| Family Dollar – Milledgeville, GA | Milledgeville, GA | Retail | 0.53 | 1.04x | 7.75% |
| Family Dollar – Verona, PA | Verona, PA | Retail | 0.89 | 1.06x | 7.25% |
| FSC AS Jonesboro AR, DST | Academy Sports | Retail | 6.99 | 2.44x | 6.27% |
| FSC AS Mt. Juliet TN, DST | Academy Sports | Retail | 7.82 | 2.37x | 4.75% |
| FSC BJ Tilton NH, DST | BJ's Wholesale Club | Retail | 8.25 | 2.64x | 7.74% |
| FSC GM Lebanon IN, DST | Gander Mountain (bankrupt; reworkout) | Industrial | 11.57 | 2.42x | 3.66% |
| FSC Healthcare II, DST | Medical Office tenant | Healthcare | 7.28 | 2.41x | 5.61% |
| FSC MRC Odessa TX, DST | MRC Global | Industrial | 8.47 | 2.79x | 9.27% |
| O'Reilly Automotive – Atmore, AL | Atmore, AL | Retail | 0.58 | 1.04x | 6.50% |
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 Four Springs Capital 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.