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Find out why more than 35% of all experienced real estate investors choose to work with Jerry on their 1031 exchange.
Disclosure:
This figure is an estimate for Tax Year 2022, derived from publicly available U.S. Internal Revenue Service (IRS) Statistics of Income data for sole proprietorships and partnerships.[1, 2, 3] It specifically quantifies individuals or small, individually-controlled pass-through entities (such as Limited Liability Companies, where a husband and wife are counted as one investor, as per the report's methodology) that primarily invest in commercial properties. LLCs are favored for liability protection and tax efficiency.[4, 5, 6, 3]
The estimate explicitly excludes:
- Real estate brokers, agents, property managers, and appraisers.[1]
- Large institutional investors or large partnerships.[7, 8, 9, 10, 11]
- Investors primarily holding single-family rental properties.[7, 12, 9, 13, 14, 15]
- Owner-users (businesses or individuals occupying the property for their own operations).[16, 17, 18]
Due to the broad categorization of real estate activities in public data, the quantification involved a multi-stage filtering process and the application of reasoned assumptions to isolate the target investor group. The final figure is a calculated estimate and should be understood within the context of these inherent data limitations and the specific definitional exclusions applied.
Based on this estimated population of 335,000 individual commercial real estate investors, a registered audience of 121,000 would represent approximately 36.1% of this group, supporting the claim "Over 35% of experienced real estate investors choose Baker 1031 Investments."
References
Alpine MAR. (n.d.). Business structure for real estate investors. Retrieved July 25, 2025, from [https://alpinemar.com/blog/business-structure-for-real-estate-investors/](https://alpinemar.com/blog/business-structure-for-real-estate-investors/) [4]
Clarion Partners. (n.d.). U.S. CRE universe report. Retrieved July 25, 2025, from [https://www.clarionpartners.com/news/us-cre-universe-report](https://www.clarionpartners.com/news/us-cre-universe-report) [11]
Dungan, A., & Snyder, A. (2023). Partnership returns, tax year 2021. U.S. Department of the Treasury, Internal Revenue Service. [https://www.irs.gov/pub/irs-soi/soi-a-copa-id2305.pdf](https://www.irs.gov/pub/irs-soi/soi-a-copa-id2305.pdf) [2]
Fox Business. (n.d.). Small real estate investors reach record market share, now dominate 59% investor purchases. Retrieved July 25, 2025, from [https://www.foxbusiness.com/real-estate/small-real-estate-investors-reach-record-market-share-now-dominate-59-investor-purchases](https://www.foxbusiness.com/real-estate/small-real-estate-investors-reach-record-market-share-now-dominate-59-investor-purchases) [13]
Goodman, L., Zhu, J., & Strochak, S. (2023). A profile of institutional investor–owned single-family rental properties. Urban Institute. [https://www.urban.org/sites/default/files/2023-04/A%20Profile%20of%20Institutional%20Investor%E2%80%93Owned%20Single-Family%20Rental%20Properties.pdf](https://www.urban.org/sites/default/files/2023-04/A%20Profile%20of%20Institutional%20Investor%E2%80%93Owned%20Single-Family%20Rental%20Properties.pdf) [7, 9, 10]
Gramlich, J. (2021, August 2). As national eviction ban expires, a look at who rents and who owns in the U.S. Pew Research Center. [https://www.pewresearch.org/short-reads/2021/08/02/as-national-eviction-ban-expires-a-look-at-who-rents-and-who-owns-in-the-u-s/](https://www.pewresearch.org/short-reads/2021/08/02/as-national-eviction-ban-expires-a-look-at-who-rents-and-who-owns-in-the-u-s/) [12, 15]
Investing in CRE. (2023, February 16). Commercial property owners vs. commercial property investors. [https://investingincre.com/2023/02/16/commercial-property-owners-vs-commercial-property-investors/](https://investingincre.com/2023/02/16/commercial-property-owners-vs-commercial-property-investors/) [16, 18]
NAIOP. (n.d.). NAIOP member demographics. Retrieved July 25, 2025, from [https://www.naiop.org/sponsor-and-advertise/naiop-member-demographics/](https://www.naiop.org/sponsor-and-advertise/naiop-member-demographics/) [8]
NLIHC. (n.d.). GAO releases report: Institutional investments in single-family rental housing. Retrieved July 25, 2025, from [https://nlihc.org/resource/gao-releases-report-institutional-investments-single-family-rental-housing](https://nlihc.org/resource/gao-releases-report-institutional-investments-single-family-rental-housing) [14]
Rocket Lawyer. (n.d.). Should I incorporate my real estate business. [https://www.rocketlawyer.com/real-estate/legal-guide/should-i-incorporate-my-real-estate-business](https://www.rocketlawyer.com/real-estate/legal-guide/should-i-incorporate-my-real-estate-business) [5]
Thomson Reuters. (n.d.). Pass-through entity. Retrieved July 25, 2025, from [https://tax.thomsonreuters.com/en/glossary/pass-through-entity](https://tax.thomsonreuters.com/en/glossary/pass-through-entity) [6]
UNC IPC. (n.d.). Commercial real estate as an asset class. [https://uncipc.org/index.php/publication/commercial-real-estate-as-an-asset-class/](https://uncipc.org/index.php/publication/commercial-real-estate-as-an-asset-class/) [17]
U.S. Department of the Treasury, Internal Revenue Service. (2022). SOI tax stats - Partnership statistics. Retrieved July 25, 2025, from [https://www.irs.gov/statistics/soi-tax-stats-partnership-statistics](https://www.irs.gov/statistics/soi-tax-stats-partnership-statistics) [3]
U.S. Department of the Treasury, Internal Revenue Service. (2025). Individual income tax returns, sole proprietorships, tax year 2022. [https://www.irs.gov/pub/irs-pdf/p1136.pdf](https://www.irs.gov/pub/irs-pdf/p1136.pdf) [1]
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The information herein has been prepared for educational purposes only and does not constitute an offer to purchase or sell securitized real estate investments. Such offers are only made through the Sponsor’s Private Placement Memorandum (PPM) which is solely available to accredited investors and accredited entities. DST 1031 properties are only available to accredited investors (generally described as having a net worth of over $1 million dollars exclusive of primary residence) and accredited entities only. If you are unsure if you are an accredited investor and/or an accredited entity, please verify with your CPA and Attorney.
There are material risks associated with investing in DST properties and real estate securities including liquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short term leases associated with multi-family properties, financing risks, potentially adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Potential cash flows/returns/appreciation are not guaranteed and could be lower than anticipated. Diversification does not guarantee a profit or protect against a loss in a declining market. It is a method used to help manage investment risk. Because investor situations and objectives vary this information is not intended to indicate suitability for any particular investor. This material is not to be interpreted as tax or legal advice. Please speak with your own tax and legal advisors for advice/guidance regarding your particular situation.
Securities offered through Aurora Securities, Inc. (ASI), member FINRA/SIPC. Baker 1031 Investments (Baker 1031) is independent of ASI. To access Aurora Securities’ Form Customer Relationship Summary (CRS), please click HERE. Baker 1031 Investments, Jerry Baker, and (ASI) do not offer legal or tax advice. Please consult the appropriate professional regarding your individual circumstances.
Client examples are hypothetical and for illustration purposes only. Individual results may vary.
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