DST Landscape Summary

DST News provides information only to Accredited Investors so they can make informed decisions whether seeking a non-correlated cash investment for current income or a 1031 replacement property. Based on survey data provided from a majority of Sponsors offering DST investment products, which individually must be offered by a private placement memorandum, we have summarized several data points that investors could use for educational purposes, to better understand the continuing changing DST landscape.


The survey results are not intended to make an offering of any type.


DST News, NAMCOA and MSC-BD, LLC do not provide tax or legal advice. When completing a 1031 exchange, investors may incur tax liabilities if their transaction does not comply with IRC section 1031 requirements. When considering any investment, please consult with your tax and legal advisor(s) regarding the specifics of your situation. Real estate investments are illiquid and highly speculative. Investing in real estate securities (e.g. DSTs, Non-traded REITs, LLCs, and LPs), involves material risks associated with owning, managing, operating, and leasing commercial real estate properties. These risks include, but are not limited to complete loss of principal, declining market values, reduction or disruption in income, tenant defaults, tenant vacancies, acts of God, etc. There are additional risks to consider when using leverage, which involves risks of default and foreclosure. Real estate valuation and cash flow may be impacted by fluctuations in interest rates; macroeconomic conditions; acts of terrorism; environmental factors; liability risks; risks associated with zoning, city ordinances, applicable laws and government, compliance; title and escrow risks; floods, fires, and other natural disasters; credits risks; market risks; risks of obsolescence; and acts of God. Investors should not invest in real estate or real estate-related investments if they cannot afford a loss of income or the complete loss of their principal investment.


As new survey information is gathered on new or closed DST Sponsor activity, this will continuously adjust the survey results below.


View Current DST Market Commentaries


This DST Landscape Market Summary is as of March 9 2026


Total Available DST Equity $2,700,173,757.00
Total Available DST Offerings 79
Total Available for Cash Investors 79
Total Available for IRA Investors 37
Sponsors Permitting Leverage 42

Percentage of DST Offerings that third party due diligence is available 100%


Average Sponsor Experience* Sponsor Experience Range*
7.42 years 2 years to 22 years

* As serving as a DST Sponsor of a completed DST 1031 Offering.


1031 Exchange Cash on Cash /LTV (excluding Zero Coupon Debt Programs)

Average First Year Return First Year Return Range
5.16% 0% – 63%
Average Second Year plus Return** Second Year plus Return Range**
5.41% 0% – 63%

** Projected Returns do not reflect any tax-benefits, which will vary for each taxpayer.

LTV Average*** LTV Range***
27.29% 0% – 77.78%

*** Some Sponsors offer all cash DST offerings, meaning their is no debt or leverage. This LTV average above reflects only those offerings that do involve debt or leverage.


Available DST Offerings by Sector Type


Available DST Offerings by State