What Is a Free DST Property List and How to Use One

A DST property list is a curated menu of the Delaware Statutory Trust offerings currently available, organized so you can compare them at a glance. Rather than reading dozens of lengthy offering documents, you can scan a single list that summarizes the essentials of each offering side by side — typically the asset class or property type, the location, the minimum investment, the projected distribution rate, the leverage or loan-to-value, and the expected hold period, often along with the sponsor. Think of it as a menu: it tells you what's currently on offer and the key facts about each, so you can identify the handful worth a closer look before requesting full details. These lists are usually assembled by advisors and broker-dealers from the offerings of various sponsors, and they're typically provided free to investors who request them after confirming accreditation. So a DST property list is a standardized, at-a-glance overview that helps you efficiently narrow a wide field of offerings to the ones worth deeper study. It's a research starting point, not a substitute for the full offering documents and a suitability review.

Generally, yes — a DST property list is typically provided free to investors who request it, and there's usually no cost to receive the list itself. A summary or teaser version may be freely available, while the complete, detailed list is typically provided once you've confirmed your accredited-investor status and established a relationship with a registered representative or advisory firm. The list is free because it's a research and marketing tool: advisors and broker-dealers compile it to help investors understand what's available and to start a conversation. What the list leads to — the actual investment in a DST — involves fees within the offering itself (load, offering, and ongoing fees), but receiving and reviewing the list generally doesn't cost you anything. So while a DST investment isn't free of fees, the property list that helps you research offerings typically is. Just remember that 'free' doesn't mean 'no obligation to do diligence' — the list is a starting point, and the real decision rests on the full offering documents and a suitability review. Confirm any costs with the firm providing the list.

A DST property list typically shows a consistent set of data points for each offering so that very different offerings can be compared on the same terms. The standard items include: the asset class or property type (such as multifamily, industrial, net-lease retail, self-storage, or healthcare); the geographic location or market; the minimum investment; the projected (targeted) distribution rate; the leverage or loan-to-value; and the expected hold period. Many lists also note the sponsor, the total equity being raised, and whether the offering is debt-free or leveraged. Some include additional detail like the property's occupancy, tenant profile, or a brief description. The goal is to standardize the information into a comparison table so you can quickly scan and identify offerings that fit your needs. So a DST property list packs the essential decision-relevant facts into a consistent format. Keep in mind these are summary figures — especially the projected distribution rate, which is a target, not a guarantee — so the full offering documents remain the authoritative source. The specific contents vary by firm, but these core fields are typical.

The offerings on a DST property list are curated by advisors and broker-dealers who assemble them from the offerings of various DST sponsors. Sponsors are the firms that acquire the real estate, structure the DST, and bring it to market; at any given time, multiple sponsors have active offerings. A broker-dealer or advisory firm reviews these and compiles a list of the offerings it has vetted and made available to its clients. Curation typically involves due diligence — looking at the sponsor's track record, the quality and location of the underlying real estate, the structure and leverage, the fees, and the reasonableness of the projections — so a curated list is generally a filtered set of offerings the firm is willing to stand behind, rather than every DST in existence. Importantly, curation is not a guarantee of performance, and inclusion on a list is not a recommendation that an offering is suitable for you specifically; suitability is determined individually through a review. So a curated list reflects a screening process, which adds value, but it doesn't replace your own diligence and a personal suitability assessment.

The projected distribution rate is the sponsor's estimate of the annual cash distribution you'd receive, expressed as a percentage of your investment — but it's crucial to understand that it's a target, not a promise. It reflects the sponsor's expectations for the property's net rental income, but actual distributions can be higher or lower than projected, and in some circumstances can be reduced or suspended entirely (for example, if occupancy falls or expenses rise). So you should never read a projected distribution rate as guaranteed income. It's a useful planning figure for comparing offerings, but it carries real uncertainty, and the assumptions behind it matter — a high projected rate built on aggressive assumptions or high leverage may carry more risk than a lower rate on a conservative, debt-free property. So treat the projected distribution rate as one input among many, look at the assumptions and leverage behind it, and never assume it's locked in. The full offering documents disclose the basis for the projection and the risks. Distributions are never guaranteed, and past performance doesn't guarantee future results.

Leverage, often expressed as loan-to-value (LTV), tells you how much mortgage debt a DST carries against the value of its property. An LTV of 50%, for example, means the DST financed half the property value with a (typically non-recourse) loan, while the other half is investor equity. A debt-free or all-cash DST has no mortgage — an LTV of zero. Leverage matters for several reasons. Higher leverage can amplify both returns and risk: it can boost distributions and potential appreciation when things go well, but it also increases risk if the property underperforms, since the debt must be serviced regardless. For 1031 investors, leverage also matters because a fully deferred exchange generally requires replacing the debt you paid off — so a leveraged DST can provide that debt replacement without a personal loan. For IRA investors, a debt-free DST is often preferred because leverage can trigger UBIT inside the account. So the LTV figure signals both the risk profile and the suitability of an offering for your particular situation. Read it carefully and in context with the asset and sponsor.

Comparing across sponsors means weighing the firm behind each offering alongside the property's own metrics. Sponsors vary in their track records, the asset classes they specialize in, their fee structures, and how conservatively they underwrite and project — so a strong, experienced sponsor with a long record of taking DSTs 'full cycle' to a successful sale is a meaningful factor. When comparing, look beyond the headline distribution rate: two offerings with the same projected rate can carry very different risk if one uses high leverage and the other is debt-free, or if one holds a stable net-lease asset and the other a more cyclical property. Consider the sponsor's experience, the fee load, the leverage, the quality and location of the real estate, and the reasonableness of the assumptions behind the projections. A DST property list makes this practical by putting these factors side by side, but the judgment is yours, ideally with your advisor's help. So compare on risk-adjusted terms, not yield alone, and treat the sponsor's quality as a first-class consideration alongside the property. Review the full documents on your finalists before deciding.

Because DST interests are securities offered to accredited investors, you generally request the full, detailed list through a registered representative of a broker-dealer, after confirming your eligibility. A summary or teaser list may be freely available, but the complete list with full details on each offering is typically provided once you've established a relationship and confirmed your accredited-investor status. The process is usually straightforward: you request the list through a registered representative or advisory firm; you confirm your accreditation (meeting the income or net-worth thresholds); and you have an initial suitability conversation about your goals, timeline, and whether you're doing a 1031 exchange or investing cash. With those steps done, the representative can share the full curated list and, for offerings you want to pursue, the complete offering documents — the private placement memorandum and related materials — that contain the detailed terms, risks, and projections. So requesting the full list is mainly a matter of connecting with a registered representative, confirming accreditation, and discussing your goals. The list is typically free; what it leads to is a suitability-reviewed, document-based investment process.

To access the full, detailed DST property list and the underlying offering documents, you generally need to be an accredited investor, because DST interests are securities offered under Regulation D to accredited investors. A high-level summary or educational overview of what's available may be more freely accessible, but the complete list with full offering details is typically provided after you've confirmed your accredited-investor status with a registered representative. Accreditation is generally based on your individual income or net worth meeting the applicable thresholds. This requirement exists because the offerings themselves can only be sold to accredited (and otherwise suitable) investors, so the detailed marketing materials are shared in that context. So if you want to seriously evaluate specific DST offerings, expect to confirm your accreditation as part of accessing the full list. If you're simply learning about DSTs generally, educational resources are widely available without that gate. So accreditation is the key that unlocks the detailed, offering-specific list. Confirm your status with a registered representative, who can then share the curated list and documents and walk you through a suitability conversation.

No — a DST property list is not a recommendation that any particular offering is suitable for you. The list is a curated, standardized menu of available offerings, assembled by advisors and broker-dealers who have vetted them, but inclusion on the list reflects a general screening, not a personalized recommendation. Suitability is always determined individually, through a review that considers your specific financial situation, goals, timeline, liquidity needs, and risk tolerance. An offering that appears on the list and looks attractive on paper may still be unsuitable for you — for instance, if its hold period doesn't match your timeline, its minimum doesn't fit your exchange, or its risk profile is wrong for your situation. So treat the list as a research tool that helps you identify candidates, not as advice to invest in any of them. The actual decision should follow from reviewing the full offering documents and completing a suitability review with a registered representative. So the list informs your research, but the suitability determination — and any recommendation — comes separately and individually. Always do your own diligence and obtain a suitability review before investing.

Yes — a DST property list is a particularly practical tool for 1031 exchangers, because it helps you quickly find offerings that fit your exchange within your tight deadlines. When you're in a 1031 exchange, you have just 45 days to identify your replacement property and 180 days to close, so efficiency matters. A property list lets you rapidly scan available DST offerings and filter for those whose minimum investment, equity size, leverage (for debt replacement), and asset class match your exchange requirements. Because a fully deferred exchange generally requires reinvesting equal or greater equity and replacing the debt you paid off, you can use the list's leverage and minimum data to find offerings that satisfy those needs — and you can identify multiple offerings to diversify or to serve as backups. So for an exchanger, the list is both a research filter and a practical aid for meeting the identification deadline. Just remember to review the full offering documents and complete a suitability review before committing, and coordinate the identification with your qualified intermediary. The list speeds your search; the documents and suitability review drive the decision.

The main thing to watch out for is treating the list as the decision rather than the starting point. Several cautions apply. First, projected distribution rates are targets, not guarantees — don't choose based on the highest headline yield, since a high projected rate may reflect aggressive assumptions or high leverage. Second, the list summarizes; the real terms, risks, and assumptions live in the full offering documents, so never invest off the one-line summary. Third, curation is a screen, not a guarantee — inclusion doesn't mean an offering is safe or suitable for you. Fourth, compare on risk-adjusted terms across sponsors, weighing leverage, fees, asset stability, and sponsor track record, not yield alone. Fifth, ensure any offering fits your timeline (the hold) and, if exchanging, your equity and debt needs and your 45-day window. So use the list as a disciplined research filter, then dig into the documents and obtain a suitability review before deciding. The list is most dangerous when treated as a shortcut around diligence. So read it critically and let it feed a careful, document-based process.

A DST property list changes frequently — often, the available offerings turn over continually as new DSTs come to market and existing ones close (fill up) or sell out of available equity. Because each DST raises a fixed amount of equity, an offering that's available today may be fully subscribed in a matter of weeks, while new offerings appear regularly as sponsors bring fresh deals to market. This means a DST property list is a snapshot in time, not a permanent catalog — the specific offerings on it will differ from one month to the next, and sometimes from one week to the next. For this reason, it's important to work from a current list when you're actively investing or in a 1031 exchange, and to confirm an offering is still available before relying on it (especially as a 1031 identification). So expect the list to be dynamic, and don't assume an offering you saw previously is still open. This constant turnover is also why educational resources describe DST property lists generically rather than naming specific securities. Always request a current list and confirm availability with a registered representative before acting.

A DST property list is typically put together by a broker-dealer or an advisory firm that works with multiple DST sponsors. Sponsors are the companies that acquire the real estate, structure each Delaware Statutory Trust, and bring the offering to market; at any given time, many sponsors have active offerings across different asset classes and markets. A broker-dealer or registered representative gathers the offerings it has reviewed and made available to its clients, then compiles them into a single, standardized list so investors can compare them on consistent terms. The firm assembling the list generally performs due diligence first — evaluating each sponsor's track record, the underlying real estate, the structure, leverage, fees, and the reasonableness of projections — so the list reflects a vetted, filtered set rather than every DST in existence. So the people behind a DST property list are the broker-dealers and advisors who serve as the bridge between sponsors and investors. This is why you typically access the full list through a registered representative after confirming accreditation. The firm's vetting adds value, but it doesn't replace your own diligence or an individual suitability review before you invest in any listed offering.

We help investors understand and use a DST property list — what's inside it, how offerings are curated, how to read the key metrics, how to compare across sponsors, and how to request and work through the full list — so you can research available offerings efficiently and move toward an informed, suitable decision. DST interests are securities offered through the broker-dealer, Aurora Securities, Inc. (member FINRA/SIPC), to accredited investors after a suitability review, and any recommendation follows that review. We can provide a curated DST property list once you've confirmed your accredited-investor status, walk you through the metrics and how to compare offerings across sponsors on risk-adjusted terms, and — for offerings you want to pursue — provide the full offering documents and coordinate the suitability and (if applicable) 1031 process. The list describes typical offering characteristics generically; it is not a guarantee of any return, and projected distribution rates are targets, never promises — distributions and returns are never guaranteed, and past performance doesn't guarantee future results. Baker 1031 doesn't provide tax or legal advice; your CPA and attorney handle your specific tax and 1031 questions. We help you use the list as a disciplined research tool and invest only when suitable.