34 Market Street

Availability unconfirmed. Active means a filing within the past 15 months; it does not by itself establish current subscription availability.

Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.

One asset: a warehouse and distribution facility at 34 Market Street in Everett, Massachusetts, of about 222,000 square feet. Brookfield Real Estate Income Trust's property page describes it as a 222,000-square-foot warehouse and distribution facility, reports 100% ownership, an acquisition in 2026, and a $155 million purchase price. Boston Business Journal reported on April 8, 2026 that the 18-acre site was formerly the Boston Market Terminal. The SEC Form D filings themselves describe no property at all.

Sponsor offering material posted by Baker 1031 identifies the tenant as Amazon.com Services LLC under a fully triple-net lease, meaning the tenant pays property taxes, insurance and maintenance directly and the landlord's obligations are narrow. That material reports the lease is guaranteed by Amazon.com, Inc., has approximately 12 years of remaining term with a base term through March 23, 2046, carries 2.5% annual rent increases, and includes three five-year renewal options at 98% of fair market value. Brookfield's own property page describes the building as fully triple-net leased to an investment-grade credit tenant with 12 years of remaining term. The PPM — the private placement memorandum that is the offering's full disclosure document — controls.

Yes. The record describes a leveraged structure, meaning the property was bought with a mortgage as well as investor equity. Sponsor offering material posted by Baker 1031 reports an $84.0 million PNC Bank loan representing 51.20% loan-to-cost, with a seven-year term maturing March 23, 2033 and interest-only payments. The same material reports $80,055,365 of equity alongside that loan, for total capitalization of roughly $164.1 million. The Form D states none of this; the loan documents and PPM are the controlling sources.

Public sources conflict. The Baker 1031 offering page, last updated August 3, 2026, marks the offering status as Closed and reports $0 of available equity, while the Form D/A the issuer filed with the SEC on August 27, 2026 still reported an amount remaining to be sold. That discrepancy is unresolved in the public record. Form D and its amendments report cumulative totals as of the filing date rather than live availability, so only the sponsor or a participating broker-dealer can confirm whether interests remain available today.

The available sources give different dates for the same transaction at the same price. Sponsor offering material posted by Baker 1031 states the Trust acquired the property on March 23, 2026 from an unaffiliated seller for $155.4 million. Banker & Tradesman reported that The Davis Companies sold 34 Market Street on March 27, 2026 to a Brookfield Property Partners affiliate for $155.4 million. Brookfield Real Estate Income Trust announced the acquisition on March 31, 2026, and Connect CRE reported the purchase from Davis on April 1, 2026. No public source reconciles the dates or explains how the affiliated entities hold the asset.

Top1031's filing-derived record shows no REIT conversion feature, and the Form D filings describe no exit mechanism of any kind. A 721 or UPREIT exit is an arrangement in which DST interests are contributed to a REIT's operating partnership for units rather than the property being sold for cash. Because the sponsor is affiliated with Brookfield Real Estate Income Trust, which announced buying this same building, the PPM is the only document that governs whether, when and how any such contribution could occur.