Skip to content
Top1031
Directory
Sponsors
News
⌕
Log in
Sponsors/Syndicated Equities
Syndicated Equities logo

Syndicated Equities

24 Programs on record · filing history back to 2015 · 4 classified as raising now

syndicatedequities.com ↗
Programs on record24
First filed2015
Raising now4
Finished with published result0%
Capital-loss alertNone published
Shown with a free account

Sponsor-reported, from SEC filings and cited sources.

1Record2Raising now3Grade method4Program ledger5Profile
RecordRaising nowGrade methodProgram ledgerProfile
On this sponsor record
  1. 1Record
  2. 2Raising now
  3. 3Grade method
  4. 4Program ledger
  5. 5Profile
Chapter 1

What the record shows

Syndicated Equities, established in 1986, states that it has specialized for more than 35 years in acquiring and managing income-producing properties for 1031 exchange investors through Delaware Statutory Trust and tenancy-in-common structures. The sponsor reports over $2 billion of institutional-quality real-estate investments and $600 million of equity invested across more than 150 investments, with DST buying focused on healthcare, industrial, R&D and corporate-headquarters properties leased to credit tenants. For 2025 it reported four acquisitions, $47,755,000 of equity raised and $86,589,800 of transaction volume, including a Legrand AV regional headquarters that closed in October 2025 and a Tampa Labcorp testing facility that closed in December 2025.

Sponsor-stated figures are as reported by the sponsor.Evidence 1234567

Published Grade summary

Public records track 24 Programs from this Sponsor across an 11-year span, with 4 reaching lifecycle-eligible status: 2 seasoned with leverage unknown, and 2 where property has sold but the result is unknown. No material adverse events and 0 distress appear in the record, which is not evidence of safety, only that nothing was documented. For both sold Programs the outcome ledger is silent; 28 citations at proof depth 3 support the file.

Shown with a free account
4Programs with an ending or 7+ years of history
0 of 4Programs with a documented problem
0%Finished Programs with a published result
Not foundPublishes its own track record
Sponsor Grade
CUnprovenTHIN EVIDENCE

See this sponsor’s Grade and the evidence behind it

Proof 3 of 5Unproven
#10 of 31 in C24 Programs · 4 lifecycle-eligible · 11 yrs · 0 distress
Shown with a free account
How Top1031 Grades are made

See the full ledger

Open every published, acknowledged, and silent Program outcome in this sponsor’s record.

Free for accredited investors · No credit card

Think a Sponsor Grade is wrong?

Every Grade is built from sources we cite. If a filing, a disclosure, or a documented outcome is missing or wrong, send us the source and we will review it.

Submit better data ↗Opens your email with this sponsor and page already filled in.
About this data

Top1031 builds this sponsor record from issuer-filed Form D notices and cited public sources. Information may be incomplete or delayed.

Top1031 does not independently audit sponsor-reported figures.

Data updated Aug 6, 2026What the data coversTalk to a 1031 specialist
Chapter 2

Raising money now

Classified active by Top1031 from the SEC filings. That does not confirm an offering is still available to buy.

SponsorPropertyOffering sizeAmount soldStatus☆
Example record — names shownSyndicated Equities logo
Net leaseJohnson Controls Innovation Center image
Johnson Controls Innovation CenterNet lease·Glendale, WisconsinSEC filing, Apr 22, 2026 ↗
$22.2M
12%
Active
Syndicated Equities logo
Net leaseLabcorp Testing Facility & Clinic image
Labcorp Testing Facility & ClinicNet lease·Tampa, FLSEC filing, Feb 13, 2026
$10.4M
97%
Almost sold out
Syndicated Equities logo
IndustrialLegrand AV Regional Headquarters image
Legrand AV Regional HeadquartersIndustrial·Minnetonka, MNSEC filing, Oct 21, 2025
$10.8M
62%
Active
Show all 4 active offerings
Syndicated Equities logo
IndustrialSolventum Medical Device Manufacturing image
Solventum Medical Device ManufacturingIndustrial·Eden Prairie, MNSEC filing, Aug 19, 2025
$11.0M
68%
Active
Chapter 3

How this Grade was computed

The four channels describe the documented public record. The published letter also applies evidence gates, ceilings, and adverse floors.

Four evidence channelsEach channel is scored from 0 to 100, then weighted under the published method.
Read the full method
HHarm recordDocumented problems, weighed against everything at stake35% weight
75.6
LLifecycle outcomesHow programs old enough to finish actually ended25% weight
51.7
RMarket acceptanceHow each raise went against comparable offerings25% weight
56.0
TDisclosure candorWhether completed programs come with published results15% weight
41.1
Weighted blend35% H + 25% L + 25% R + 15% TThe published result applies the anti-washout ceilings, evidence gates, and adverse floors below after this blend. Top1031 does not publish an intermediate score.
AProven71 and above
BEstablished61–70
CUnproven50–60
DWarning36–49
FAdverseBelow 36
NRNot ratedRecord too small or identity under review
Ceilings
The result cannot exceed H + 10 or L + 15, so stronger sales evidence cannot wash out a weaker harm or lifecycle record.
Evidence gates
A and B require minimum proof depth, lifecycle history, and channel evidence. A also requires qualifying disclosure coverage.
Adverse floors
An Integrity alert sets an F floor. A dominant documented capital loss or multiple independent severe events sets D or lower.
Proof depth50.8Published-outcome coverage0%
Shown with a free account
Published Grade historyOne published letter, unchanged since
  1. C2026-Q3 · 2026-07-19 20:23:33.439627+00Moved from C. Binding constraints: proof depth below 4; fewer than 10 lifecycle-eligible Programs; H below 85.
Shown with a free account
Chapter 4

Programs on the record

A Program is the filing-level offering record associated with this sponsor. Published-result figures are shown only with sponsor attribution and adjacent sources.

ProgramFirst filedStatusPublished outcome
SE JCI (Glendale), DSTSEC filing ↗2026Raising now
—Not in the finished-Program ledger
Shown with a free account
SE LCH (TAMPA), DSTSEC filing ↗2026Raising now
—Not in the finished-Program ledger
Shown with a free account
SE 10900 Red Circle (Minnetonka), DSTSEC filing ↗2025Raising now
—Not in the finished-Program ledger
Shown with a free account
SE FLP (TRI-CITIES), DSTSEC filing ↗2025Historical
—Not in the finished-Program ledger
Shown with a free account
SE WEST 70th (EDEN PRAIRIE), DSTSEC filing ↗2025Raising now
—Not in the finished-Program ledger
Shown with a free account
SE 8925 Highway 101 (Savage), DSTSEC filing ↗2024Historical
—Not in the finished-Program ledger
Shown with a free account
Show all 24 Programs
SE 333 E. 34TH (NEW YORK) GARAGE, DSTSEC filing ↗2023Historical
—Not in the finished-Program ledger
Shown with a free account
SE 5750 MERCURY (DEARBORN), DSTSEC filing ↗2023Historical
—Not in the finished-Program ledger
Shown with a free account
SE 13200 PIONEER (EDEN PRAIRIE), DST2022Filing record
—Not in the finished-Program ledger
Shown with a free account
SE 244 S. GATEWAY (JENKS), DST2022Filing record
—Not in the finished-Program ledger
Shown with a free account
SE BROADWAY (OKLAHOMA CITY), DSTSEC filing ↗2022Historical
—Not in the finished-Program ledger
Shown with a free account
SE STL MOB (FENTON), DSTSEC filing ↗2022Historical
—Not in the finished-Program ledger
Shown with a free account
SE 1086 JEFF (HUNTSVILLE), DST2021Filing record
—Not in the finished-Program ledger
Shown with a free account
SE 2555 PATRIOT (GLENVIEW), DST2021Filing record
—Not in the finished-Program ledger
Shown with a free account
SE MCGOVERN HOUSE, DST2021Filing record
—Not in the finished-Program ledger
Shown with a free account
SE BAKER ROAD, DST2020Filing record
—Not in the finished-Program ledger
Shown with a free account
SE ITASCA, DST2020Filing record
—Not in the finished-Program ledger
Shown with a free account
SE NORTH FLORIDA, DST2020Filing record
—Not in the finished-Program ledger
Shown with a free account
SE PASADENA (TEXAS), DST2020Filing record
—Not in the finished-Program ledger
Shown with a free account
SE ISD, DST2019Filing record
—Not in the finished-Program ledger
Shown with a free account
SE MAPLE GROVE, DST2019Filing record
—Not in the finished-Program ledger
Shown with a free account
SE PEARLAND, DST2017Finished
SilentSource 1 ↗Source 2 ↗Source 3 ↗
Shown with a free account
SE PHOENIX, DST2016Finished
SilentSource 1 ↗Source 2 ↗Source 3 ↗
Shown with a free account
SE TUCSON, DST2015Filing record
—Not in the finished-Program ledger
Shown with a free account
Chapter 5

Who they are

Written from SEC filings and cited sourcesUpdated Sep 1, 2026

Platform and strategy

Syndicated Equities describes its 1031 Exchange Platform as offering Delaware Statutory Trust and tenancy-in-common investments, and says it has specialized for more than 35 years in acquiring and managing income-producing properties for 1031 exchange investors 1. The firm states it was established in 1986, has made over $2 billion of institutional-quality real-estate investments since then, and has $600 million of equity invested across more than 150 investments 2. In its Winter 2026 investor newsletter the sponsor described the DST platform as focused on industrial and R&D-oriented properties leased to credit tenants, with DST acquisitions narrowed to healthcare, industrial and corporate-headquarters real estate 3. Top1031 tracks 24 Syndicated Equities DST programs, the earliest first filed in 2015 and the most recent in 2026 4. The sponsor's published portfolio lists DST properties including the Johnson Controls Engineering Lab & Innovation Center, Labcorp Testing Facility & Clinic, Legrand AV Regional Headquarters, Solventum Medical Device Manufacturing, Frito-Lay Distribution Center and Winnebago Industries Innovation Center 5.

2025 acquisitions

For 2025 Syndicated Equities reported four acquisitions, $47,755,000 of total equity raised and $86,589,800 of total transaction volume 3. It reports that the Legrand AV Regional Headquarters acquisition closed on October 16, 2025, covering approximately 98,500 square feet that is 100% leased to Legrand AV Inc. under a new 10-year lease running through June 2035, and that the Labcorp primary testing facility acquisition closed on December 22, 2025 — an approximately 94,700-square-foot Tampa property 100% net leased to Laboratory Corporation of America, with the lease extended through May 2035 3.

Reported completed sales

Syndicated Equities reported in August 2021 the sale of the Merit Medical Systems property at 14646 Kirby Drive in Pearland, Texas, stating that roughly 4.5 years of ownership produced an approximately 18% IRR for investors 6. It reports selling the Mars Petcare cold-storage facility at 5303 Fisher Road in Columbus, Ohio on March 11, 2022, after five years of ownership, at an approximate 2.0x equity multiple and an 18.37% IRR 7. Sponsor reporting also records the July 29, 2025 sale of the Providence Pavilion Shopping Center in Mableton, Georgia after about six years, at a 1.61x equity multiple and a 10.34% annualized return 3.

Show sources (7)Hide sources (7)
  • Syndicated Equities ↗Sponsor disclosure
  • Syndicated Equities ↗Sponsor disclosure
  • Syndicated Equities ↗Sponsor disclosureJan 1, 2026
  • Top1031 sponsor record ↗Top1031-derived
  • Syndicated Equities ↗Sponsor disclosureJan 1, 2026
  • Syndicated Equities ↗Sponsor disclosureAug 1, 2021
  • Syndicated Equities ↗Sponsor disclosureMar 11, 2022

Syndicated Equities in the news

—Murray Hill Parking Garage (333 East 34th Street, New York, NY) - DST OfferingSponsor portfolio page describing the 92-space/14,337-sf parking garage condominium at 333 East 34th Street, NY, acquired in 2023 and structured as a DST for cash and 1031 exchange investors.
Syndicated Equities ↗
—Legrand AV Celebrates Grand Opening of New Headquarters in MinnetonkaLegrand AV announces the grand opening of its new regional headquarters in Minnetonka, MN, part of its growth strategy bringing together key functions and product development.
Legrand AV ↗
—Syndicated Equities PortfolioSyndicated Equities' portfolio listing includes the Frito-Lay Distribution Center (Burbank, WA) under its 1031/DST investments.
Syndicated Equities ↗
—Frito-Lay Distribution CenterSyndicated Equities' property portfolio page describing the Frito-Lay Distribution Center DST acquisition — a net-lease industrial facility serving as a Frito-Lay/PepsiCo distribution warehouse in Burbank, Washington (Tri-Cities region), acquired in a Delaware Statutory Trust.
Syndicated Equities ↗
—Winnebago Industries Innovation CenterSyndicated Equities' property detail page describes the Winnebago Industries Innovation Center DST in Savage, Minnesota, a light industrial R&D facility leased to Winnebago Industries as its primary research and development facility.
Syndicated Equities ↗
More sponsor coverage (18)
Jul 31, 2026Boosted by sales for data centers, Johnson Controls reports record backlog for second consecutive quarter, increases 2026 guidanceJohnson Controls reported a record $21 billion backlog and 9% sales growth in its third fiscal quarter, driven by the data center boom.
BizTimes ↗
Jul 30, 2026Labcorp Announces 2026 Second Quarter Results; Raises Full Year 2026 GuidanceLabcorp announced second-quarter 2026 results with revenue of $3.73 billion (up 5.8%) and raised its 2026 adjusted EPS guidance to $18.10–$18.55, providing major-tenant financial context for the Tampa facility.
Labcorp ↗also: PRNewswire ↗
Jul 30, 2026Johnson Controls named to 2026 Top 100 Intern Programs listJohnson Controls reported recognition in Yello's Top 100 Internship Programs for the fourth year and noted that interns toured the Warren Johnson Engineering Lab, providing property-specific tenant coverage.
Johnson Controls ↗
Jul 30, 2026Johnson Controls raises outlook as orders hit record $21BThe Milwaukee Business Journal reported that Johnson Controls raised its annual earnings outlook to $5.05 per share as a record $21 billion backlog and data-center cooling demand drove growth, and it mentioned the company's Glendale Innovation Center/Warren Johnson Engineering Lab.
Milwaukee Business Journal ↗
Jul 29, 2026Johnson Controls Reports Strong Q3 Results; Raises FY26 GuidanceJohnson Controls reported strong third-quarter results, including 9% sales growth, 27% organic order growth and a $21.0 billion backlog, while raising FY26 guidance; the release is company-wide and does not specifically name the Glendale property.
Johnson Controls ↗
Jul 6, 2026Legrand | AV Wins 18 Awards at InfoComm 2026Trade-publication syndication of the same MINNETONKA-datelined press release about Legrand | AV (the DST's tenant) sweeping 18 InfoComm 2026 awards across the Da-Lite Myriad Reveal screen, Unified Cloud Platform, Chief Tempo flat-panel mount and Chief Velocity outdoor pedestal.
AVNation ↗also: rAVe [PUBS] ↗
Jun 30, 2026Labcorp to Announce Second Quarter 2026 Financial Results on July 30, 2026BURLINGTON, N.C. announcement from Labcorp Holdings Inc. (NYSE: LH), the 100% net-lease tenant of the DST's Tampa testing facility and clinic, that it will release Q2 2026 financial results before market open on Thursday, July 30, 2026 and host a 9:00 a.m. ET webcast that day.
PR Newswire (via Labcorp Investor Relations) ↗
Apr 22, 2026Johnson Controls Innovation Center-Warren Johnson Engineering Lab building in Glendale sold for $45.4 millionBizTimes reported that the 109,000-square-foot Johnson Controls Innovation Center-Warren Johnson Engineering Lab at 2022 W. Florist Ave. sold for $45.4 million to a Chicago-based real estate investment firm.
BizTimes Milwaukee ↗
Mar 9, 2026Winter Access 2026 NewsletterSyndicated Equities' Winter 2026 sponsor newsletter describes the Johnson Controls engineering lab and innovation center in Glendale, WI as a property projected to close in April 2026.
Syndicated Equities ↗also: Syndicated Equities ↗also: Syndicated Equities ↗also: Syndicated Equities ↗
Oct 16, 2025Syndicated Equities Announces Minnesota Acquisition for $10.75M DST OfferingAltsWire reports Syndicated Equities acquired the Legrand AV Global Headquarters in Minnetonka, MN for a $10.75M Delaware Statutory Trust offering.
AltsWire ↗also: AltsWire ↗
Oct 14, 2025Syndicated Equities Group Acquires Headquarters Property in MinnesotaConnect CRE reports Syndicated Equities acquired the Legrand AV Global Headquarters in Minnetonka, MN, integrating all core functions for the AV brand.
Connect CRE ↗also: REBusinessOnline ↗
Jul 21, 2025Matthews Completes $8.15M Sale of Frito-Lay Distribution CenterMatthews announced the $8.15M sale of the Frito-Lay Distribution Center, a 107,200 SF industrial facility net-leased to Frito-Lay in Burbank (Tri-Cities), WA.
Matthews ↗
Jan 31, 2025Cove Capital Acquires Frito-Lay/PepsiCo Distribution Center for DST OfferingAltsWire covers Cove Capital's acquisition of a Frito-Lay/PepsiCo distribution center for a DST offering (different from this trust).
AltsWire ↗
Nov 15, 2024Spring Access 2024 / Offering detailsSponsor-side update including the SE 8925 Highway 101 (Savage), DST offering details (Winnebago Industries Innovation Center).
Syndicated Equities ↗
Oct 28, 2024Johnson Controls Opens New Innovation Center in GlendaleJohnson Controls announces the opening of its new 109,000 sq ft Innovation Center in Glendale, WI, housing approximately 250 employees focused on smart building and OpenBlue engineering.
Johnson Controls ↗
Jul 1, 2024Syndicated Equities Announces Minnesota Acquisition for $10.75M DST OfferingSyndicated Equities announces the acquisition of the Winnebago Industries Innovation Center in Savage, Minnesota, structured as the SE 8925 Highway 101 (Savage), DST, seeking to raise $4.7 million.
Syndicated Equities ↗
Jan 31, 2024Carhartt HQ Building, Design Facility Acquired by Syndicated EquitiesConnect CRE reports Syndicated Equities has acquired Carhartt's Global Design and Corporate Headquarters property in Dearborn, Michigan.
Connect CRE ↗
Jan 31, 2024Syndicated Equities acquires Carhartt's corporate headquartersREJournals reports Syndicated Equities' acquisition of Carhartt's 58,722-square-foot global design and corporate headquarters in Dearborn, Michigan.
REJournals ↗

You're reading the free record. Open all of it.

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

No credit card. For accredited investors.
Top1031

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

DirectoryActive offeringsHistorical offeringsSponsorsData reports
Directory
Active offeringsHistorical offeringsSponsorsData reports
LearnLearning center1031 basicsDST guides1031 by stateBlog
Learn
Learning center1031 basicsDST guides1031 by stateBlog
ToolsCompare 1031 optionsCapital gains tax calculatorDeadline calculatorBoot calculator1031 quiz
Tools
Compare 1031 optionsCapital gains tax calculatorDeadline calculatorBoot calculator1031 quiz
ResearchResearchThe 1031 DST market, countedNewsroomFull-cycle reportsMarket data
Research
ResearchThe 1031 DST market, countedNewsroomFull-cycle reportsMarket data
CompanyAboutData methodologySponsor Grade methodologyDeveloper accessContactTalk to a 1031 specialist
Company
AboutData methodologySponsor Grade methodologyDeveloper accessContactTalk to a 1031 specialist

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 Private Placement Memorandum 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 formula.

© 2026 Mangold, Inc. All rights reserved.
1111B South Governors Avenue, Suite 48507, Dover, Delaware, USA
Privacy·Terms·Full disclosures·
Full directory unlocked. Welcome back.