ExchangeRight has scaled into one of the defining net-lease DST franchises, ending 2025 as the fifth-largest sponsor in the 1031 DST market with roughly $7.0 billion in AUM across more than 1,400 properties and 27 million square feet in 48 states.
Realized performance
Where ExchangeRight ranks
Among the 21 Baker 1031-tracked sponsors that have reported realized full-cycle results, and within Baker 1031's Preferred cohort:
Rankings cover the 21 sponsors with realized full-cycle results. Downside frequency is the share of this sponsor's realized full-cycle properties that returned below cost, where deal-level data is available. Past performance does not guarantee future results.
Full-cycle deals on record
Baker 1031 has 16 realized (full-cycle) properties on record for ExchangeRight; the sponsor reports 28 completed programs in total. Each was acquired, held, and sold; hold period, equity multiple, and annualized return are net-to-investor figures compiled by Baker 1031 and are not audited.
| Property | Location | Sector | Hold | Equity Mult. | Annual Return |
|---|---|---|---|---|---|
| Multifamily 6 – El Paso Apartment Portfolio | — | Multifamily | 3.8 yr | 1.55x | 14.52% |
| Multifamily 3 – Lakeside at Arbor Place Apartments | — | Multifamily | 3.2 yr | 1.35x | 11.08% |
| Net-Leased Portfolio 1 | — | Net-Leased Retail | 7.4 yr | 1.46x | 9.40% |
| Net-Leased Portfolio 2 | — | Net-Leased Retail | 7.1 yr | 1.65x | 9.22% |
| Net-Leased Portfolio 3 | — | Net-Leased Retail | 7.6 yr | 1.69x | 9.10% |
| Multifamily 5 – Crystal Lake Florida Apartments | — | Multifamily | 2.6 yr | 1.22x | 8.51% |
| Net-Leased Portfolio 4 | — | Net-Leased Retail | 7.5 yr | 1.58x | 7.73% |
| Net-Leased Portfolio 8 | — | Net-Leased Retail | 4.7 yr | 1.36x | 7.69% |
| Net-Leased Portfolio 13 | — | Net-Leased Retail | 4.2 yr | 1.31x | 7.35% |
| Net-Leased Portfolio 5 | — | Net-Leased Retail | 7.8 yr | 1.57x | 7.34% |
| Multifamily 1 – Van Mark Creek Apartments | — | Multifamily | 3.9 yr | 1.29x | 7.27% |
| Net-Leased Portfolio 12 | — | Net-Leased Retail | 3.7 yr | 1.25x | 7.01% |
| Multifamily 2 – Mira Bella and San Martin Apartments | — | Multifamily | 4.3 yr | 1.29x | 6.82% |
| Multifamily 4 – North Austin Apartment Portfolio | — | Multifamily | 4.3 yr | 1.29x | 6.80% |
| Net-Leased Portfolio 14 | — | Net-Leased Retail | 4.3 yr | 1.29x | 6.77% |
| Net-Leased Portfolio 15 | — | Net-Leased Retail | 4.7 yr | 1.30x | 6.54% |
Current offerings from ExchangeRight
AUM reflects ExchangeRight's broader platform, not its DST program alone. Full-cycle metrics are realized, net-to-investor results reported by the sponsor and compiled by Baker 1031; they are not audited and past performance does not guarantee future results. This profile is informational only and is not an offer to sell or a solicitation to buy any security, or investment, tax, or legal advice. Securities offered through Aurora Securities, Inc., member FINRA / SIPC; Baker 1031 Investments is independent of Aurora Securities, Inc.