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Sponsors/AEI Capital
AEI Capital logo

AEI Capital

DST sponsor · first SEC filing 2014 · aeifunds.com ↗

Active offerings2 →Offering sizes $22.0M–$50.5MPrograms on record28 →SEC Form D filings
First filed2014Earliest Form D on record
Property focusNet lease 75%8 of 11 with a stated type

Counted by Top1031 from SEC Form D filings · updated Oct 15, 2026 · Record Card evaluated Oct 12, 2026

Sponsor Record Card
NR
NR · Not rated

0 completed sales; 0 losses or impairments; 0 counted Programs. Fewer than three counted Programs.

Completed sales: 0
Lost or impaired 0 · Counted Programs 0
See the full cardRead the method

AEI Capital has sponsored 28 Delaware Statutory Trust (DST) programs found in SEC Form D filings since 2014, most often net lease properties. Today its SEC filings show two active offerings; the newest was first filed on Mar 16, 2026.

1Offerings 22Record Card3About4Track record 285News6Questions7Similar sponsors
Offerings 2Record CardAboutTrack record 28NewsQuestionsSimilar sponsors
On this sponsor page
  1. 1Offerings 2
  2. 2Record Card
  3. 3About
  4. 4Track record 28
  5. 5News
  6. 6Questions
  7. 7Similar sponsors
  8. 8Next step

AEI Capital DST offerings (2 active)

Active means an SEC filing in the last 15 months and not reported fully subscribed. It does not confirm you can still invest.

Ask a specialist about these offerings
OfferingOffering sizeMinimumAmount soldFirst filedWatchlist
Example record — amount sold shown
AEI Healthcare Portfolio VII DSTNet lease · Multi-state (3)SEC filing, Aug 6, 2026 ↗
$50.5M$50,000
$48.7M
96%Filed Aug 6, 2026
Mar 16, 2026
AMG Chicago + Winding WoodsNet lease · Multi-state (2)SEC filing, Oct 23, 2025 ↗
$22.0M$25,000
$19.7M
89%Filed Oct 23, 2025
Jul 23, 2025

Open AEI Capital in the directory →

AEI Capital Record Card

Top1031 Sponsor Record Card

AEI Capital

How this letter was decided
NR
NR · Not rated

0 completed sales; 0 losses or impairments; 0 counted Programs. Fewer than three counted Programs. NR is not a failing grade. A letter needs 3 counted outcomes or 3 documented sales.

Completed sales 0Losses or impairments 0Counted Programs 0

Of 28 Programs, 0 count toward the Grade: 0 completed sales and 0 losses or impairments. The lines below describe all Programs, including those outside the Grade count.

No documented loss found in searched sources as of Oct 12, 2026.

Programs found in SEC fundraising filings (Form D)
28
Sold, result reported by the sponsor
0
Sold, result not reported by the sponsor
0
Sold according to the sponsor, not yet verified by us
0
Moved into a REIT instead of sold
0
Lost investors' money, or capital at documented risk
0
Older than 7 years, confirmed still operating
1
Older than 7 years, no public outcome found
13
No outcome recorded · under 7 years
14
Share of programs over 3 years old whose status we confirmed
42%

If we missed a sale, a reported result or a public record, send it. Evidence changes a Grade.

Submit a correction ↗

About AEI Capital

AEI Capital is a Saint Paul, Minnesota–based real estate investment firm that sponsors net lease property programs, including Delaware statutory trust offerings used by 1031 exchange investors. The firm traces its founding to 1970 and concentrates on healthcare and retail assets occupied by creditworthy tenants under long-term net leases, stating a preference for debt-free ownership. As of December 31, 2025, AEI reported having acquired 521 properties across 44 states and managing 234.

Sponsor-stated figures are as reported by the sponsor.Sources: aeifunds.com · Web page · Undated · aeifunds.com · Web page · 1970 · aeifunds.com · Web page · Undated · aeifunds.com · Web page · Undated · aeifunds.com · Web page · Undated · aeifunds.com · Web page · 2025 · +5 more

Firm and strategy

AEI Capital describes itself as a real estate investment firm that invests exclusively in healthcare and retail assets for high-net-worth individuals, family offices, and institutions, and lists its home office at 1300 Wells Fargo Place, 30 East Seventh Street, Saint Paul, Minnesota 1. The firm's legacy account credits Robert P. "Bob" Johnson with forming AEI Inc. with his wife, Trish, in 1970 2. AEI says its targeted strategy centers on acquiring well-located real estate occupied by creditworthy tenants under long-term net leases 3, and that owning income-producing net-leased real estate on a debt-free basis can reduce risk 4.

DST platform and program history

AEI states that its DST offerings provide fractional ownership of institutional-quality real estate and that investors receive in-house asset and portfolio management after a project closes; the firm says it has offered more than 110 1031 exchange offerings over its history 5. AEI offering documents report 27 prior DST offerings involving 97 properties in 28 states from January 2014 through March 31, 2025 6. In January 2025, AEI announced that AEI Healthcare Portfolio V DST had closed to new investors; the sponsor reported a $27.82 million offering holding three net-leased healthcare properties in Indiana and Florida totaling 56,930 square feet, identified as AEI's 114th 1031 exchange offering 7. An issuer-filed amendment for AEI Healthcare Portfolio VII DST records a first sale of interests on March 6, 2026 8.

Dated acquisitions and portfolio scale

AEI announced an all-cash acquisition completed December 18, 2024 of a 25,000-square-foot Advocate Medical Group clinic at 2210 West 95th Street, Chicago, Illinois, for $7,510,000, leased by an affiliate of Advocate Health 9. AEI announced a second all-cash acquisition completed February 18, 2025 of the Mercy East Health medical clinic at 300 Winding Woods Drive, O'Fallon, Missouri, for $11,345,000, reported at 44,645 square feet and 100% leased to Mercy Health under a long-term net lease 10. As of December 31, 2025, AEI reported that it had acquired 521 properties in 44 states and managed 234 properties 11.

Earlier net lease funds

SEC filing records associated with AEI's prior programs show completed net lease funds with recorded sale dates: AEI Institutional Net Lease Fund '93 (1999), AEI's Net Lease Income & Growth Fund 84-A (2001), AEI Real Estate Fund 85-A (2003), AEI Real Estate Fund 86-A and Fund XVI (2004), AEI Real Estate Fund 85-B (2005), AEI Private Net Lease Fund 1998 and AEI Real Estate Fund XV (2006), and AEI Real Estate Funds XVII and XVIII (2010) 12.

Show sources (12)Hide sources (12)
  • aeifunds.com · Web page · Undated ↗ Sponsor disclosure
  • aeifunds.com · Web page · 1970 ↗ Sponsor disclosureJan 1, 1970
  • aeifunds.com · Web page · Undated ↗ Sponsor disclosure
  • aeifunds.com · Web page · Undated ↗ Sponsor disclosure
  • aeifunds.com · Web page · Undated ↗ Sponsor disclosure
  • Sponsor offering documents, Mar 2025
  • aeifunds.com · Web page · 2025 ↗ Sponsor disclosureJan 1, 2025
  • sec.gov · SEC filing · 2026 ↗ Public recordMar 6, 2026
  • aeifunds.com · Web page · 2024 ↗ Sponsor disclosureDec 18, 2024
  • aeifunds.com · Web page · 2025 ↗ Sponsor disclosureFeb 18, 2025
  • aeifunds.com · Web page · 2025 ↗ Sponsor disclosureDec 31, 2025
  • sec.gov · SEC filing · 2006 ↗ Public recordJan 1, 2006
Written from SEC filings and cited sources · Updated Oct 15, 2026

AEI Capital track record (28 programs)

Every program found in SEC Form D filings. Programs with a reported result are listed first, then the rest by first filing year. Each row links to its SEC filings.

Filter by Record Card line
ProgramResult on recordCounted asFiling
AEI Healthcare Portfolio VII DSTFirst filed 2026No sponsor-reported figure
No outcome recorded · under 7 years
SEC filings ↗
AEI Healthcare Portfolio VI DSTFirst filed 2025No sponsor-reported figure
No outcome recorded · under 7 years
SEC filings ↗
AEI Healthcare Portfolio V DSTFirst filed 2024No sponsor-reported figure
No outcome recorded · under 7 years
SEC filings ↗
AEI NET LEASE PORTFOLIO 23 DSTFirst filed 2024No sponsor-reported figure
No outcome recorded · under 7 years
SEC filings ↗
AEI NET LEASE PORTFOLIO 21 DSTFirst filed 2023No sponsor-reported figure
No outcome recorded · under 7 years
SEC filings ↗
AEI NET LEASE PORTFOLIO 22 DSTFirst filed 2023No sponsor-reported figure
No outcome recorded · under 7 years
SEC filings ↗
AEI NET LEASE PORTFOLIO 19 DSTFirst filed 2022No sponsor-reported figure
No outcome recorded · under 7 years
SEC filings ↗
AEI Net Lease Portfolio 20 DSTFirst filed 2022No sponsor-reported figure
No outcome recorded · under 7 years
SEC filings ↗
AEI Net Lease Portfolio 15 DSTFirst filed 2021No sponsor-reported figure
No outcome recorded · under 7 years
SEC filings ↗
AEI NET LEASE PORTFOLIO 16 DSTFirst filed 2021No sponsor-reported figure
No outcome recorded · under 7 years
SEC filings ↗
AEI NET LEASE PORTFOLIO 17 DSTFirst filed 2021No sponsor-reported figure
No outcome recorded · under 7 years
SEC filings ↗
AEI Net Lease Portfolio XIII DSTFirst filed 2020No sponsor-reported figure
No outcome recorded · under 7 years
SEC filings ↗
AEI Net Lease Portfolio 14 DSTFirst filed 2020No sponsor-reported figure
No outcome recorded · under 7 years
SEC filings ↗
AEI Healthcare Portfolio IV DSTFirst filed 2019No sponsor-reported figure
No outcome recorded · under 7 years
SEC filings ↗
AEI Net Lease Portfolio XI DSTFirst filed 2019No sponsor-reported figure
Still operating, confirmed
SEC filings ↗
AEI Net Lease Portfolio XII DSTFirst filed 2019No sponsor-reported figure
No public outcome found
SEC filings ↗
AEI HEALTHCARE PORTFOLIO III DSTFirst filed 2018No sponsor-reported figure
No public outcome found
SEC filings ↗
AEI Net Lease Portfolio VIII DSTFirst filed 2018No sponsor-reported figure
No public outcome found
SEC filings ↗
AEI Net Lease Portfolio IX DSTFirst filed 2018No sponsor-reported figure
No public outcome found
SEC filings ↗
AEI HEALTHCARE PORTFOLIO DSTFirst filed 2017No sponsor-reported figure
No public outcome found
SEC filings ↗
AEI Healthcare Portfolio II DSTFirst filed 2017No sponsor-reported figure
No public outcome found
SEC filings ↗
AEI NET LEASE PORTFOLIO VII DSTFirst filed 2017No sponsor-reported figure
No public outcome found
SEC filings ↗
AEI Net Lease Portfolio IV DSTFirst filed 2016No sponsor-reported figure
No public outcome found
SEC filings ↗
AEI Net Lease Portfolio V DSTFirst filed 2016No sponsor-reported figure
No public outcome found
SEC filings ↗
AEI Net Lease Portfolio VI DSTFirst filed 2016No sponsor-reported figure
No public outcome found
SEC filings ↗
AEI Net Lease Portfolio III DSTFirst filed 2015No sponsor-reported figure
No public outcome found
SEC filings ↗
AEI NET LEASE PORTFOLIO DSTFirst filed 2014No sponsor-reported figure
No public outcome found
SEC filings ↗
AEI Net Lease Portfolio II DSTFirst filed 2014No sponsor-reported figure
No public outcome found
SEC filings ↗
Show all 28 programsShow fewer

AEI Capital news

  1. Aug 6, 2026

    Sales report on AEI Healthcare Portfolio VII DST →

    AEI Healthcare Portfolio VII DST First Reported Half Its Ceiling Sold After 104 Days

    Top1031

  2. Aug 23, 2026

    AEI Net Lease Portfolio II DST completed a partial sale in February 2026

    Top1031

  3. Jan 14, 2026

    AEI Capital Corp. buys medical office in Bristol, Connecticut

    CoStar ↗

More AEI Capital coverage (8)
  1. Jan 6, 2026

    AEI Acquires an Advocate Medical Group Clinic

    AEI Capital Corporation ↗

  2. Dec 22, 2025

    Matthews Facilitates $19.9 Million All-Cash Sale of UnitedHealthcare-Operated Facility

    Matthews ↗

  3. Dec 17, 2025

    Medical office building in Bristol sold for nearly $20M

    Hartford Business ↗

  4. Jan 16, 2024

    AEI Capital Acquires Florida Healthcare Properties for $18.75 Million for Next DST Offering

    Wolf Media USA / AEI Capital Corporation ↗

  5. Sep 1, 2026

    AEI Net Lease Portfolio IV DST completed a partial sale in May 2022

    Event: May 2022 · Top1031

  6. Mar 11, 2022

    Livingston Street Capital Sells Two Medical Office Buildings in Idaho, Utah for $14.4M

    Livingston Street Capital ↗

  7. Jul 3, 2026

    Directory Spotlight: AEI Capital Corporation

    AltsWire ↗

  8. Jul 25, 2023

    AEI

    JRW Investments ↗

Questions about AEI Capital DSTs

Does AEI Capital have DST offerings available now?
AEI Capital’s SEC filings show two active DST offerings, with stated offering sizes from $22.0M to $50.5M. Active means an SEC filing in the last 15 months and not reported fully subscribed. It does not confirm you can still invest. The newest was first filed on Mar 16, 2026.
How many DST programs has AEI Capital sponsored?
Top1031 found 28 AEI Capital programs in SEC Form D filings. The first was filed in 2014. Each is listed in the track record on this page with a link to its SEC filings.
What kind of property does AEI Capital put in its DSTs?
Of the 11 AEI Capital offering records on Top1031, six are net lease and two office.
What is the minimum investment for AEI Capital DSTs?
Minimum investments on its active offerings range from $25,000 to $50,000, as shown on each offering’s page.
What results has AEI Capital published for its DSTs?
On its Record Card, none of its 28 programs sold with a result reported by the sponsor yet. Sponsor-stated figures are as reported by the sponsor; Top1031 does not compute or estimate returns.
How do I ask about AEI Capital offerings?
Use the “Ask a specialist about these offerings” button at the top of AEI Capital’s offerings list on this page. Top1031 is not a broker-dealer or investment adviser and does not provide tax, legal, or investment advice.

Answers are generated from the counts on this page and change when the record changes.

Other net lease DST sponsors

  • ExchangeRight logoExchangeRight11 active · 121 programs on record
  • Kingsbarn Realty Capital logoKingsbarn Realty Capital10 active · 87 programs on record
  • ARCTRUST logoARCTRUST2 active · 9 programs on record
  • Apollo logoApollo1 active · 4 programs on record
  • How to evaluate a DST sponsor →
  • DST due diligence checklist →
  • The largest DST sponsors, from SEC filings →

What can I do next?

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Active and closed offerings, built from SEC filings. Sponsors graded A–F under one published method. Free.

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Top1031

A directory of 1031 DST offerings, built from SEC filings and public records.

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Top1031 is a data and education platform, not a broker-dealer, investment adviser, tax advisor, law firm, qualified intermediary, or securities issuer.

Information is not advice or an offer to buy or sell securities. DSTs are illiquid private securities with substantial risks, including loss of principal.

Data may be incomplete or delayed, and Top1031 does not audit sponsor-reported figures. Sponsor Grades are editorial sponsor assessments, not offering ratings or recommendations.

Review the current offering documents and consult qualified professionals. Gated offering data is intended for users who self-attest that they are accredited investors.

Commercial relationships are not inputs in the Top1031 Grade method. Losses are counted only from court, county or sponsor-published records.

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