Sponsor Profile

Syndicated Equities

Chicago, IL · Founded 1986 · syndicatedequities.com · Reviewed July 2026

Syndicated Equities is a Chicago private real estate firm with a 40-year history, distinguished by strength in government/GSA-leased and credit-tenant net-lease assets and by its global 'Access Funds' fund-of-funds…

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

Assets Under Mgmt
$2B
Full-Cycle Deals
79
Avg Annual Return
1.90%
Avg Equity Multiple
1.36x
Avg Hold
7.64 Years
Full-Cycle Success
72.2%
Year Founded
1986
Headquarters
Chicago, IL

Syndicated Equities Overview

Syndicated Equities is a Chicago private real estate firm with a 40-year history, distinguished by strength in government/GSA-leased and credit-tenant net-lease assets and by its global 'Access Funds' fund-of-funds vehicles. Citing roughly $2 billion in asset value, $600 million in equity and more than $4 billion acquired over its lifetime, the firm has returned $750 million-plus to investors and built multi-decade repeat relationships. The government-credit net-lease specialization is among the most defensive available, and the fund-of-funds capability adds an institutional dimension uncommon at its size.

Syndicated Equities Strategies & Advantages

  • Strong in government/GSA-leased and credit-tenant net lease, among the most defensive profiles.
  • Brings a 40-year operating history, deep seasoning for a private firm.
  • Operates global 'Access Funds' fund-of-funds vehicles, an institutional capability uncommon at its size.
  • Has returned $750M+ to investors over its history.
  • Maintains multi-decade repeat relationships; manages ~$2 billion in asset value.
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.

Syndicated Equities Track Record

Syndicated Equities has 79 full-cycle programs in the Baker 1031 dataset, averaging 1.90% annual return, a 1.36x average equity multiple, and a 7.6-year average hold.

Deal-by-deal full-cycle track record
InvestmentLocationAsset ClassHoldEquity MultipleAnnual Return
11 Stanwix Pittsburgh, PA 7.51 0.28x -15.60%
1501 Jackson Omaha, NE 8.78 0.28x -13.50%
2215 Sanders Road Northbrook, IL 10.21 0.18x -15.46%
309 Green Street Champaign, IL 1.87 1.30x 15.04%
400 Skokie Blvd. Northbrook, IL 7.36 0.15x -22.72%
840 1st Street Washington, DC 1.56 1.41x 24.73%
Abbott Labs Bio-Medical Portfolio Minnetonka, MN 5.06 2.35x 18.40%
Arlington Highlands Retail Center Arlington, TX 3.12 1.50x 13.87%
Boot Ranch Apartment Tampa, FL 4.31 1.79x 14.47%
Courtland Center Burton, MI 10.23 0.39x -8.79%
Cranberry Square Pittsburgh, PA 4.54 1.69x 12.25%
Curtis Hotel Denver, CO 2.75 1.44x 14.16%
Customs & Border Patrol Atlanta, GA 6.77 1.95x 10.37%
CVS Weeki Wachee, FL 10.04 2.21x 8.22%
DoubleTree & Embassy Suites Rosemont, IL 1.99 0.32x -43.63%
Fashion Outlet Center Las Vegas, NV 3.43 0.19x -38.42%
Fashion Outlet Center Rosemont, IL 5.67 3.97x 27.51%
Flatiron Athletic Club Broomfield, CO 13.64 0.22x -10.51%
Four Seasons Hotel Austin, TX 5.86 1.94x 11.96%
Henry Ford Health – OptimEyes Southfield, MI 4.82 1.55x 9.52%
Holiday Inn New Orleans, LA 6.33 0.30x -17.31%
Johns Hopkins Applied Physics Lab Laurel, MD 11.66 1.95x 5.89%
Le Meridien Hotel Chicago, IL 1 1.69x 68.58%
Legacy at Acworth Acworth, GA 3.91 1.54x 11.69%
Marriott Courtyard Indianapolis, IN 3.37 0.07x -54.60%
Marriott Courtyard West Des Moines, IA 3.94 0.12x -41.62%
Marriott Fairfield Inn Milwaukee, WI 4.67 0.08x -41.79%
Marriott Residence Inn Alexandria, VA 10.08 0.87x -1.37%
Marriott TownePlace Suites Indianapolis, IN 5.96 0.45x -12.54%
Mars Petcare Columbus, OH 4.55 1.69x 12.22%
Merit Medical Pearland, TX 4.54 1.94x 15.70%
Metropolitan Place Retail Chicago, IL 9 1.78x 6.62%
National Archives & Records Riverside, CA 10.1 1.41x 3.46%
National Fire & Resource Tucson, AZ 10.05 1.56x 4.52%
NorthShore University HealthSystem Bannockburn, IL 9.33 1.83x 6.70%
Norwalk Office Building Norwalk, CA 15 1.26x 1.55%
Plaza at the Pointe Pittsburgh, PA 5.6 1.71x 10.05%
Pointe Plaza Shopping Center Niles, IL 2.49 1.17x 6.50%
Public Square Garage Nashville, TN 9.26 0.39x -9.66%
Ravinia Plaza Shopping Center Orland Park, IL 3.12 1.31x 9.05%
Retail Shopping Centers Indiana & Kentucky 8.08 0.32x -13.15%
Rio 21 and Texan 28 (UT) Austin, TX 8.12 0.92x -1.02%
Rite Aid Youngstown, OH 16.01 2.60x 6.15%
River North Retail Development Chicago, IL 6.91 1.21x 2.80%
Riverstone Apartments Kansas City, MO 3.29 1.50x 13.12%
Rush-Copley Aurora, IL 9.82 0.42x -8.45%
Sears Sterling Lombard, IL 15.23 3.11x 7.74%
Severance Town Center Cleveland Heights, OH 11.75 0.58x -4.53%
Shops of Beverly Beverly, IL 11.61 0.56x -4.87%
Social Security Administration Worthington, OH 12.65 1.36x 2.46%
Social Security Administration Aurora, IL 12.59 1.40x 2.71%
Social Security Administration Whitehall, OH 12.87 1.51x 3.25%
Social Security Administration Valparaiso, IN 12.98 1.20x 1.41%
Social Security Administration Fort Smith, AR 12.22 1.57x 3.76%
Social Security Administration Indianapolis, IN 12.82 1.25x 1.76%
Social Security Administration Fort Wayne, IN 12.66 1.53x 3.42%
Staybridge Suites Mayfield, OH 5.43 0.14x -30.36%
Stone Falls of Ada Ada, MI 3.67 1.92x 19.48%
Student Housing Development Ottawa, Canada 2.4 1.36x 13.70%
Student Housing Development Carbondale, IL 1.31 1.13x 9.81%
The Vista & Willow Creek Portage and Battle Creek, MI 2.21 1.19x 8.20%
Timber Hollow Apartments Fairfield, OH 4.95 1.47x 8.10%
Two Park Office Building Milwaukee, WI 2.57 1.02x 0.77%
United Healthcare Portfolio Las Vegas, NV 5.75 1.48x 7.05%
Volkswagen Distribution Facility Libertyville, IL 8.32 1.45x 4.57%
Walgreens Alexandria, MN 5.05 1.44x 7.48%
Walgreens Chicago, IL 11.01 2.14x 7.15%
Walgreens Darien, IL 12.12 1.78x 4.87%
Walgreens Del City, OK 24.33 5.59x 7.33%
Walgreens Chicago Heights, IL 9.93 1.72x 5.61%
Walgreens Hickory Hills, IL 4.63 1.68x 11.85%
Walgreens Pueblo, CO 10.06 1.96x 6.92%
Walgreens Amarillo, TX 9.77 1.79x 6.14%
Walgreens Clarkston, MI 9.87 1.99x 7.22%
Walgreens Center Sullivan, MO 9.31 0.90x -1.12%
Walker House Apartments Gaithersburg, MD 3.86 1.62x 13.32%
Webster Place Shopping Center Chicago, IL 13.6 1.68x 3.89%
Wells Place Apartment Development Chicago, IL 3.4 1.33x 8.74%
West Loop Multifamily Development Chicago, IL 6.6 1.57x 7.08%

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 Syndicated Equities 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.