Four Springs TEN31 Xchange Fully Subscribes $150.5 Million Industrial DST Offering

Four Springs TEN31 Xchange, a sponsor of 1031 exchanges and replacement property solutions, has fully subscribed its $150.5 million FSC Industrial Portfolio 27, DST. The offering size included an equity raise of $78.3 million and 1031 debt replacement of $72.2 million.

The offering, which launched in April 2023, consisted of 22 industrial properties totaling 1.3 million rentable square feet. It was leased in entirety to 14 investment-grade and other tenants across 13 states. The locations are being used for a variety of functions from headquarters, manufacturing plants, regional distribution centers, and strategic rental sites.

Key tenants – connected through their involvement in domestic supply chain, according to Four Springs – include industry leaders such as Brenntag, Domino’s, Columbia Gas, International Paper, and New York State Electric & Gas.

“As we continue to grow and innovate, the completion of this offering reinforces our commitment to providing our investors with exceptional opportunities in the ever-evolving commercial 1031 real estate landscape. The industrial sector, in particular, is experiencing significant demand due to the ongoing growth of e-commerce, the reshoring of manufacturing, and the increasing need for strategically located distribution centers,” said William Dioguardi, chairman of Four Springs.

“This portfolio complements the integrity of our investment strategy and the trust placed in us by our partners, broker-dealers, [registered investment advisers], and registered representatives,” added Dioguardi.

Since 2014, Four Springs has sponsored 30 DST programs totaling more than $1 billion and syndicated approximately $500 million of equity. In March 2024, it announced the sale of ownership in its FSC MRC Odessa TX, DST, a $5.7 million private placement program launched in October 2022. The company stated that investors in the DST realized a 178% total return on their investment.

Four Springs TEN31 Xchange is a Delaware statutory trust sponsor focused on net-leased, single-tenant commercial properties within the industrial and medical sectors.

Four Springs Capital Markets offers expertise and innovative solutions to meet the diverse investment needs of its clients. Since entering the 1031 exchange market, Four Springs has completed over 1,000 exchanges, involving more than $850 million in replacement properties and collaborating with over 3,000 professionals.

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