When you look at a non-traded REIT's offering documents, you'll often find not one share but several — typically labeled Class A, Class T, Class S, Class D, and Class I. They all represent ownership in the same underlying real estate portfolio and receive distributions from the same income, but they differ in one crucial respect: cost. Some classes carry upfront sales loads (commissions paid when you invest) and ongoing distribution and servicing fees (trailing charges paid year after year); others carry no upfront load and lower ongoing fees. Which class you can buy depends on your advisor relationship, your account type, and the investment minimum you meet. Because these cost differences compound over a multi-year hold, the share class you choose can meaningfully affect your net return — even though the underlying real estate is identical. This guide explains why multiple share classes exist, load versus no-load classes, ongoing distribution fees, which class you qualify for, and how to compare total cost. Note that non-traded REITs are offered through a broker-dealer to accredited or otherwise suitable investors after a suitability review; Baker 1031 does not provide tax or legal advice, and you should read the prospectus carefully. This is educational information, not investment advice.
Why Multiple Share Classes Exist
Non-traded REITs offer multiple share classes mainly to accommodate the different ways investors access the offering and how their advisors are compensated. A single underlying real estate portfolio can be sold through commission-based brokerage relationships, fee-based advisory accounts, and institutional or large-minimum channels — and each of those channels has a different cost and compensation structure. Rather than building separate REITs for each, the sponsor issues several share classes of the same REIT, each tailored to a distribution channel.
So Class A, T, and S shares are typically sold through commission-based or retail channels and carry upfront sales loads and/or ongoing distribution and servicing fees that compensate the selling broker. Class D and Class I shares are typically designed for fee-based advisory accounts, institutions, or larger-minimum investors, and carry no upfront load (or a reduced one) and lower ongoing fees — because the advisor is compensated separately (for example, through an advisory fee on the account) rather than through commissions embedded in the share class. The real estate is the same; the cost wrapper differs.
So multiple share classes exist to match different distribution channels and compensation models to the same underlying REIT — which is why their costs differ. So understanding why they exist explains the differences that follow. Why multiple share classes exist — sponsors issuing several classes (A, T, S, D, I) of the same REIT to serve different distribution channels and advisor-compensation models, with commission-based retail classes carrying loads and trailing fees and advisory/institutional classes carrying lower or no loads — frames the whole topic. The underlying real estate is identical across classes; only the cost structure and the channel differ. Understanding this explains the load and fee differences. Non-traded REITs offer multiple share classes (A, T, S, D, I) to match different distribution channels and compensation models — the real estate is the same, but the cost wrapper differs by class.
Load vs. No-Load Classes
The most visible difference between share classes is whether they carry an upfront sales load. A 'load' is a one-time charge — effectively a commission — deducted when you invest, so it reduces the amount of your capital that's actually put to work in the real estate. Class A shares have historically carried the highest upfront load (sometimes several percent), while Class T and Class S shares may carry a smaller upfront load combined with ongoing distribution fees that, over time, can add up to a comparable total.
No-load (or low-load) classes — typically Class D and Class I — carry no upfront sales charge or a substantially reduced one. They're generally available through fee-based advisory accounts, to institutions, or to investors meeting higher minimums, where the advisor is paid through a separate advisory fee rather than a commission baked into the share. Because more of your money goes to work immediately and ongoing fees are lower, a no-load class can leave more of your return intact over a long hold — which is precisely why eligibility for these classes often depends on the type of account and advisor relationship you have.
So load classes (A, T, S) front-load or embed selling costs, while no-load classes (D, I) minimize them — a difference that directly affects how much of your capital is invested and what you keep. So this is the first thing to check. Load versus no-load classes — load classes (A, T, S) carrying upfront sales charges and/or ongoing distribution fees that compensate the selling broker, versus no-load or low-load classes (D, I) carrying little or no upfront load and lower ongoing fees, generally available through advisory or institutional channels — is the most consequential distinction among classes. Loads reduce the capital put to work; no-load classes preserve more of it. Understanding which you're being offered is the first cost check. Load classes (A, T, S) carry upfront sales charges and/or trailing fees; no-load classes (D, I) carry little or none and lower ongoing fees — a difference that directly affects your net return.
Every dollar paid as an upfront load is a dollar that never goes to work in the real estate — which is why two investors in the same REIT can earn different net returns simply because they bought different share classes.
Ongoing Distribution Fees
Beyond any upfront load, share classes differ in their ongoing distribution and servicing fees — annual, trailing charges paid year after year for as long as you hold the shares (often subject to a cap). These trailing fees compensate the selling broker for ongoing service and are a defining feature of commission-based classes like Class T and Class S, which may pair a smaller upfront load with a recurring annual fee. Class A may carry a larger upfront load but lower (or no) ongoing distribution fee, while Class D and Class I carry the lowest ongoing fees of all.
The reason ongoing fees matter so much is compounding: a recurring annual charge of even a fraction of a percent, deducted every year over a multi-year hold, can quietly subtract a meaningful amount from your cumulative return. Two share classes might look similar at purchase — one with a higher upfront load, another with a lower load but higher trailing fees — yet diverge significantly by the time you exit, depending on how long you hold. So you can't judge cost by the upfront load alone; the ongoing fee, multiplied across your holding period, is just as important.
So ongoing distribution and servicing fees — recurring annual charges that compensate brokers and vary by class — compound over time and can rival or exceed the upfront load. So they're central to any honest cost comparison. Ongoing distribution fees — recurring annual servicing charges (often capped) that compensate the selling broker, heaviest on commission-based classes like T and S, lighter on A, and lowest on D and I — compound over a multi-year hold and can quietly erode cumulative return as much as an upfront load. You can't judge a class by its upfront cost alone. Understanding the trailing fee is essential to a fair comparison. Ongoing distribution and servicing fees are recurring annual charges that vary by class and compound over the hold — they can erode returns as much as an upfront load, so they belong in every cost comparison.
Which Class You Qualify For
You don't simply pick the cheapest share class — your eligibility depends on how you're investing. The class you can access is generally a function of three things: your advisor relationship (commission-based brokerage versus fee-based advisory), your account type (for example, an advisory account may give you access to lower-cost Class D or I shares), and the investment minimum you meet (the lowest-cost classes often require larger minimums or are reserved for institutions and advisory platforms).
So an investor working through a commission-based broker may be offered Class A, T, or S shares (which embed the broker's compensation as loads and trailing fees), while an investor with a fee-based advisor or a larger account may qualify for Class D or Class I shares (which carry lower or no loads because the advisor is paid separately). This isn't arbitrary — it reflects how the selling party is compensated. The practical implication is that the most cost-efficient class isn't available to everyone; it depends on your channel, account, and minimum. Understanding which class you qualify for tells you which cost structure actually applies to you.
So eligibility for a given share class turns on your advisor relationship, account type, and investment minimum — not just on which class is cheapest. So know which class you actually qualify for before comparing costs. Which class you qualify for — eligibility being driven by your advisor relationship (commission-based versus fee-based), your account type (advisory accounts often unlocking lower-cost classes), and the investment minimum you meet (the cheapest classes often requiring larger minimums or institutional/advisory access) — determines which cost structure applies to you. The lowest-cost class isn't open to everyone. Understanding your eligibility tells you which classes to actually compare. The share class you qualify for depends on your advisor relationship, account type, and minimum — commission-based channels typically offer A/T/S, while advisory or institutional access can unlock lower-cost D/I.
- Non-traded REITs offer multiple share classes (A, T, S, D, I) of the same underlying real estate, differing in upfront loads and ongoing fees.
- Load classes (A, T, S) carry upfront sales charges and/or trailing distribution fees; no-load classes (D, I) carry little or none and lower ongoing fees.
- Ongoing distribution fees compound over a multi-year hold and can erode returns as much as an upfront load — so total cost, not just the load, is what matters.
- Which class you qualify for depends on your advisor relationship, account type, and minimum — so always compare the total cost of the class actually available to you over the hold.
Reading the Prospectus and Fee Tables
The authoritative source for a non-traded REIT's share-class costs is its prospectus, and learning to read its fee tables is the single most useful skill for comparing classes. The prospectus lays out, class by class, the upfront sales load (sometimes called selling commissions and dealer-manager fees), the ongoing distribution and servicing fees and any caps on them, the offering price for each class (which may differ to reflect loads), and any redemption terms or early-redemption discounts. It also discloses organizational and offering costs and the sponsor's other fees.
When you read these tables, focus on the all-in picture: not just the headline load, but the combination of upfront and ongoing charges, and how they accrue over the holding period you expect. Pay attention to whether ongoing distribution fees are capped (some stop once cumulative fees reach a threshold), to the offering price per class, and to how the share class might convert or be treated at a liquidity event. The prospectus also spells out the risk factors and the redemption program terms — both essential context for an illiquid, long-horizon investment.
So the prospectus and its fee tables are where share-class costs are fully and authoritatively disclosed — the place to verify loads, ongoing fees, caps, and pricing before you invest. So reading them carefully is non-negotiable. Reading the prospectus and fee tables — using the offering document to verify, class by class, the upfront sales loads, the ongoing distribution and servicing fees and their caps, the per-class offering price, redemption terms, and the sponsor's other fees, and assessing the all-in cost over your expected hold — is the definitive way to compare share classes. The headline load is only part of the story. Understanding how to read the tables lets you compare classes accurately. The prospectus fee tables authoritatively disclose each class's upfront loads, ongoing fees, caps, and pricing — read them carefully to assess the all-in cost over your expected hold before investing.
The prospectus fee table is the only place the full cost of each share class is laid bare — read it before you invest, because the headline load rarely tells the whole story.
Comparing Total Cost
The right way to choose among share classes is to compare total cost over your expected holding period, not to fixate on any single fee. A class with a high upfront load but low ongoing fees can end up cheaper than a class with a low load but high trailing fees — if you hold long enough, the recurring fee eventually outweighs the one-time load (and vice versa for short holds). Because non-traded REITs are long-horizon, illiquid investments, the ongoing fee usually deserves heavy weight in this calculation.
To compare honestly, add up the upfront load plus the cumulative ongoing distribution and servicing fees across the years you expect to hold (accounting for any fee caps), and weigh that all-in cost against the class's offering price and terms. The class you qualify for matters here too — if your channel only offers load classes, your comparison is among A, T, and S; if you can access D or I, those lower-cost classes typically win on total cost over a long hold. The goal is to understand how much of your gross return each class's fees will consume, because that directly determines your net return.
So comparing total cost — upfront load plus compounded ongoing fees over your actual holding period, for the classes you qualify for — is how you choose the most cost-efficient class. So this all-in view is the decision that matters. Comparing total cost — summing the upfront load and the cumulative ongoing distribution and servicing fees over your expected hold (net of any caps), weighing that against the per-class offering price and terms, and doing so only among the classes you actually qualify for — is the right basis for choosing a share class. Higher loads and trailing fees meaningfully reduce net returns. Understanding total cost over the hold leads to the most cost-efficient choice. Compare total cost — upfront load plus compounded ongoing fees over your expected hold, among the classes you qualify for — because that all-in figure, not any single fee, determines your net return.
How Baker 1031 Helps You Compare REIT Share Classes
Baker 1031 Investments helps investors understand non-traded REIT share classes — why multiple classes exist, the difference between load and no-load classes, the ongoing distribution fees, which class you qualify for, and how to compare total cost over the hold — so you can understand exactly what each class costs and choose the one that fits your situation, when a non-traded REIT is suitable.
Non-traded-REIT interests and related securities are offered through the broker-dealer, Aurora Securities, Inc. (member FINRA/SIPC), and any recommendation follows a suitability review — non-traded REITs typically require accredited or otherwise suitable investors and are illiquid. We help you read the prospectus and fee tables, understand the upfront loads and ongoing distribution and servicing fees by class, identify which class your account and relationship qualify for, and compare the all-in cost of the available classes over your expected holding period — because higher loads and trailing fees meaningfully reduce net returns. Baker 1031 does not provide tax or legal advice; your CPA handles how distributions are taxed in your situation. We're candid that non-traded REITs are illiquid, that fees reduce returns, and that the share class you choose matters — neither yields nor returns are promised, and past performance doesn't guarantee future results. Our role is to help you understand the share-class choices clearly and invest only when suitable for your goals.
Frequently Asked Questions
What are non-traded REIT share classes?
Non-traded REIT share classes are different versions of the same REIT — typically labeled Class A, Class T, Class S, Class D, and Class I — that all represent ownership in the same underlying real estate portfolio and receive distributions from the same income, but differ in cost. Specifically, they differ in their upfront sales loads (commissions paid when you invest) and their ongoing distribution and servicing fees (recurring annual charges). Sponsors issue multiple classes to accommodate the different channels through which the REIT is sold — commission-based brokerage, fee-based advisory, and institutional or large-minimum channels — each of which has a different compensation structure. So the real estate is identical across classes, but the cost wrapper differs. Because these cost differences compound over a multi-year hold, the share class you choose can meaningfully affect your net return. So understanding the classes is essentially understanding the cost structure attached to the same investment. Read the prospectus to see each class's loads and fees before investing.
Why do non-traded REITs have multiple share classes?
Non-traded REITs offer multiple share classes mainly to serve the different ways investors access the offering and how their advisors are compensated. A single real estate portfolio can be sold through commission-based brokerage relationships, fee-based advisory accounts, and institutional or large-minimum channels — and each channel has a different cost and compensation model. Rather than create separate REITs for each, the sponsor issues several classes of the same REIT, each tailored to a channel. Commission-based retail classes (A, T, S) carry upfront sales loads and/or ongoing distribution fees that compensate the selling broker, while advisory and institutional classes (D, I) carry lower or no loads because the advisor is paid separately — for example, through an advisory fee on the account. So multiple classes exist to match distribution channels and compensation models to the same underlying REIT. The real estate is the same; only the cost structure and the channel differ. Understanding this explains why the classes' costs vary so much.
What is the difference between Class A, T, S, D, and I shares?
Although the exact terms vary by REIT, the general pattern is this: Class A shares typically carry the highest upfront sales load but lower (or no) ongoing distribution fees. Class T and Class S shares usually carry a smaller upfront load combined with ongoing distribution and servicing fees, so their cost is spread over time. Class D shares are lower-cost, often with no or minimal upfront load and reduced ongoing fees, generally available through fee-based advisory accounts. Class I shares are typically the lowest-cost — no upfront load and the lowest ongoing fees — reserved for institutions, advisory platforms, or larger-minimum investors. So broadly, A/T/S are commission-based retail classes with loads and/or trailing fees, while D/I are lower-cost classes for advisory and institutional channels. The precise loads, fees, caps, and minimums differ by offering, so always confirm the specifics in the prospectus rather than assuming a class behaves a certain way based on its letter alone.
What is a sales load?
A sales load is a one-time, upfront charge — effectively a commission — deducted when you invest in a non-traded REIT share class that carries one. It compensates the selling broker for placing the investment. The practical effect is that a load reduces the amount of your capital that's actually put to work in the real estate: if you invest a given amount and a portion is taken as a load, only the remainder is deployed. Class A shares have historically carried the highest upfront loads (sometimes several percent), while Class T and S shares may carry a smaller load paired with ongoing fees. No-load or low-load classes (D and I) carry little or no upfront charge. Because a load comes out of your capital before it's invested, it directly lowers your starting base and, therefore, your potential return. So understanding whether a class carries a load — and how large — is the first cost question to ask. The prospectus discloses the load for each class.
What are ongoing distribution and servicing fees?
Ongoing distribution and servicing fees are recurring annual charges that some non-traded REIT share classes carry for as long as you hold the shares (often up to a cap). They compensate the selling broker for ongoing service and are a defining feature of commission-based classes like Class T and Class S, which may pair a smaller upfront load with a recurring annual fee. Class A may carry a larger upfront load but a lower or no ongoing distribution fee, while Class D and Class I carry the lowest ongoing fees. These trailing fees matter because they compound: even a fraction of a percent deducted every year over a multi-year hold can quietly subtract a meaningful amount from your cumulative return. So two classes that look similar at purchase can diverge significantly by the time you exit, depending on how long you hold and how the upfront and ongoing fees trade off. So you can't judge a class's cost by the upfront load alone — the ongoing fee, multiplied over your holding period, is just as important.
Which share class should I choose?
You should choose the share class with the lowest total cost over your expected holding period — but only among the classes you actually qualify for. The first step is to determine your eligibility: your advisor relationship (commission-based versus fee-based), account type, and the investment minimum you meet determine which classes are open to you. If you work through a commission-based broker, you may be limited to load classes (A, T, S); if you have a fee-based advisor or a larger account, you may qualify for lower-cost classes (D, I). Among the classes available to you, add up the upfront load plus the cumulative ongoing fees over the years you expect to hold (accounting for any caps), and choose the one with the lowest all-in cost. For a long-horizon, illiquid non-traded REIT, ongoing fees usually deserve heavy weight. So there's no single 'best' class for everyone — it depends on your eligibility and your holding period. Read the prospectus and, if helpful, work with an advisor to compare.
Which share class do I qualify for?
The class you qualify for generally depends on three things: your advisor relationship, your account type, and the investment minimum you meet. Commission-based brokerage relationships typically give access to Class A, T, or S shares, which embed the broker's compensation as upfront loads and/or ongoing distribution fees. Fee-based advisory accounts often unlock lower-cost classes like Class D, where the advisor is paid through a separate advisory fee rather than commissions baked into the share. Class I shares — typically the lowest-cost — are usually reserved for institutions, advisory platforms, or investors meeting higher minimums. So the most cost-efficient class isn't available to everyone; it depends on how you're investing. This isn't arbitrary — it reflects how the selling party is compensated in your particular channel. So before comparing costs, confirm which classes your relationship, account, and minimum actually qualify you for, because that determines the real range of choices you have. An advisor or the offering's materials can tell you which classes apply to your situation.
Do higher fees mean lower returns?
Yes — all else equal, higher fees directly reduce your net return. A non-traded REIT's share classes all own the same underlying real estate and receive distributions from the same income, so the only structural difference among them is cost. An upfront load reduces the capital that's initially put to work, and ongoing distribution and servicing fees are deducted every year you hold. Both come out of your return. Because non-traded REITs are typically long-horizon investments, the compounding effect of ongoing fees can be substantial: a recurring annual charge, multiplied across many years, can consume a meaningful portion of your cumulative gain. So choosing a higher-cost class than necessary means accepting a lower net return on the same investment. That said, the lowest-fee class isn't always available to you — eligibility depends on your channel and account. So the goal is to minimize total cost among the classes you qualify for. Higher loads and trailing fees meaningfully reduce net returns, which is why comparing total cost over the hold is so important.
Where can I find a non-traded REIT's share-class fees?
The authoritative source is the REIT's prospectus, which discloses each class's costs in its fee tables. The prospectus lays out, class by class, the upfront sales load (selling commissions and dealer-manager fees), the ongoing distribution and servicing fees and any caps on them, the offering price for each class (which may differ to reflect loads), and any redemption terms or early-redemption discounts. It also discloses organizational and offering costs and the sponsor's other fees, plus the risk factors and redemption program terms. Learning to read these fee tables is the single most useful skill for comparing classes, because the headline load rarely tells the whole story — you need the combination of upfront and ongoing charges, and how they accrue over your expected hold. So always go to the prospectus rather than relying on summaries, and focus on the all-in picture: loads, ongoing fees, caps, and per-class pricing. If the tables are hard to parse, an advisor or broker-dealer can help you read them before you invest.
How do I compare the total cost of share classes?
To compare total cost, add up the upfront load plus the cumulative ongoing distribution and servicing fees across the years you expect to hold, accounting for any fee caps, and weigh that all-in figure against each class's offering price and terms. The reason you can't compare on a single fee is that classes trade off upfront and ongoing costs differently: a class with a high upfront load but low ongoing fees can end up cheaper than a low-load, high-trailing-fee class if you hold long enough — and the reverse for short holds. Because non-traded REITs are long-horizon, illiquid investments, ongoing fees usually deserve heavy weight. Do this comparison only among the classes you actually qualify for, since the lowest-cost classes aren't open to everyone. The objective is to see how much of your gross return each class's fees will consume, because that directly determines your net return. So total cost over your real holding period — not the headline load — is the right basis for choosing a class.
Are share-class fees the only cost of a non-traded REIT?
No — share-class loads and ongoing distribution fees are an important cost, but not the only one. A non-traded REIT also has organizational and offering costs, asset-management fees paid to the sponsor or advisor, and potentially performance or incentive fees, plus property-level expenses — all of which the prospectus discloses. There may also be early-redemption discounts if you exit through the redemption program before a certain holding period. So when you assess the cost of a non-traded REIT, the share class is one layer, but the sponsor's overall fee structure matters too. The share class primarily determines what you pay for distribution (selling and servicing), while the other fees compensate the sponsor for managing the REIT and its properties. So to understand the full cost, read the entire fee section of the prospectus, not just the share-class table. Both the class-level costs and the REIT-level fees reduce your net return, and both deserve scrutiny before you invest. An advisor can help you total up the all-in cost.
Do share classes affect liquidity or redemptions?
The underlying liquidity of a non-traded REIT — which comes through its redemption program rather than an exchange — generally applies across share classes, since all classes own the same real estate and participate in the same program. However, the prospectus may specify class-related details that affect your exit: for example, early-redemption discounts that apply if you redeem before a certain holding period, or how ongoing distribution fees stop accruing once a cap is reached. Some structures also describe how a share class may convert (for instance, to a lower-fee class after the trailing-fee cap is hit) or how classes are treated at a liquidity event. So while the basic redemption program is typically common to all classes, the share class can affect the economics of redeeming — particularly early-redemption terms and fee caps. So review the redemption section of the prospectus alongside the fee tables, and understand how your specific class is treated on exit. Because non-traded REITs are illiquid regardless of class, plan to hold for the long term and confirm the redemption terms before investing.
Can my share class change over time?
In some non-traded REITs, yes — a share class can convert over time, and the prospectus will describe whether and how this happens. A common mechanism relates to the ongoing distribution and servicing fee: once the cumulative trailing fees on a commission-based class (like T or S) reach a specified cap, the shares may automatically convert to a lower-fee class (such as Class I) so that you stop paying the distribution fee. This is designed to limit the total trailing fees you pay over a long hold. Not every REIT includes such conversion features, and the specifics — the cap level, the trigger, and the class you convert into — vary by offering. So you should check the prospectus to see whether your class converts, when, and into what, because it affects your total cost over the holding period. If a conversion feature exists, it can meaningfully reduce the long-run fee drag of a commission-based class. So factor any conversion mechanics into your total-cost comparison, and confirm the details before investing rather than assuming a conversion will occur.
How does Baker 1031 help me compare REIT share classes?
We help investors understand non-traded REIT share classes — why multiple classes exist, the difference between load and no-load classes, the ongoing distribution fees, which class you qualify for, and how to compare total cost over the hold — so you can understand exactly what each class costs and choose the one that fits your situation, when a non-traded REIT is suitable. Non-traded-REIT interests are offered through the broker-dealer, Aurora Securities, Inc. (member FINRA/SIPC), and any recommendation follows a suitability review; non-traded REITs typically require accredited or otherwise suitable investors and are illiquid. We help you read the prospectus and fee tables, understand the upfront loads and ongoing fees by class, identify which class your account and relationship qualify for, and compare the all-in cost of the available classes over your expected hold — because higher loads and trailing fees meaningfully reduce net returns. Baker 1031 doesn't provide tax or legal advice; your CPA handles your tax situation. Neither yields nor returns are promised, and past performance doesn't guarantee future results.
Glossary
- Share Class
- A version of the same REIT differing in loads and ongoing fees.
- Class A Shares
- A class historically carrying a higher upfront load, lower ongoing fees.
- Class T Shares
- A class with a smaller upfront load plus ongoing distribution fees.
- Class S Shares
- A commission-based class with a load and ongoing distribution fees.
- Class D Shares
- A lower-cost class for fee-based advisory accounts.
- Class I Shares
- The lowest-cost class, for institutions and larger-minimum investors.
- Sales Load
- An upfront commission deducted when you invest, reducing deployed capital.
- No-Load Class
- A share class with little or no upfront sales charge.
- Distribution & Servicing Fee
- A recurring annual fee compensating the selling broker.
- Trailing Fee
- An ongoing fee paid each year a class is held.
- Fee Cap
- A limit on cumulative ongoing fees, after which they stop.
- Dealer-Manager Fee
- A fee paid to the firm managing a non-traded offering.
- Prospectus
- The offering document disclosing each class's loads and fees.
- Total Cost
- Upfront load plus compounded ongoing fees over the hold.
- Fee-Based Advisory
- An account where the advisor is paid a separate fee, not commissions.
- Suitability Review
- Assessing whether an illiquid non-traded REIT fits the investor.
Sources & References
- U.S. Securities and Exchange Commission. Investor Bulletin: Non-Traded REITs
- U.S. Securities and Exchange Commission. Investor.gov — Real Estate Investment Trusts (REITs)
- FINRA. Real Estate Investments
- Nareit. What's a REIT (Real Estate Investment Trust)?
Disclosures
This article is published by Baker 1031 Investments, LLC for general educational purposes for accredited investors and is not an offer to sell or a solicitation of an offer to buy any security, nor is it tax, legal, accounting, or investment advice or a recommendation. Any securities offering is made solely through a sponsor’s private placement memorandum (PPM) following a suitability determination. Securities offered through Aurora Securities, Inc. (ASI), member FINRA / SIPC; Baker 1031 Investments is independent of ASI.
Oil & gas mineral and royalty interests and DST programs are speculative, illiquid securities sold only to verified accredited investors and involve substantial risk, including possible loss of principal, commodity-price and production-decline risk, lack of control, and the risk that an intended 1031 exchange fails to qualify for tax deferral. Whether a particular interest qualifies as like-kind real property is a fact-specific legal determination that varies by state and by the terms of the instrument. Tax results depend on your individual circumstances. Consult your own CPA and attorney before acting. Past performance does not guarantee future results.
