Canonical page: https://sequoia-research.com/writing/top-dst-sponsors-for-1031-exchanges-2026-what-exchange-investors-should-ask-about-offering-availability
Author: Sequoia Research
Published: 2026-10-17T00:38:03.319Z
Updated: 2026-10-17T00:38:03.319Z

# Top DST Sponsors for 1031 Exchanges (2026): What Exchange Investors Should Ask About Offering Availability

## What Is This Article About?

This article explains how to confirm whether a DST offering has room for your exchange proceeds. It separates a sponsor's product list from a reservation, an accepted purchase, and a completed investment. You will find questions about capacity, deadlines, documents, and the people who can confirm each step. A fictional case shows how to keep an allocation change from turning into an unplanned decision.

## Table of Contents

- [Start With the Exact Offering and Amount](#start-with-the-exact-offering-and-amount)
- [What Public Sponsor Pages Show in 2026](#what-public-sponsor-pages-show-in-2026)
- [Define Each DST Availability Status](#define-each-dst-availability-status)
- [Check the Capacity Behind the Quoted Number](#check-the-capacity-behind-the-quoted-number)
- [Read DST Reservation Terms Before Relying on a Hold](#read-dst-reservation-terms-before-relying-on-a-hold)
- [Confirm Investor and Broker Access](#confirm-investor-and-broker-access)
- [Match the Documents to the Available Offering](#match-the-documents-to-the-available-offering)
- [Keep the 1031 Exchange Clock Separate](#keep-the-1031-exchange-clock-separate)
- [Build a Backup Plan Within the Identification Rules](#build-a-backup-plan-within-the-identification-rules)
- [Map the Steps Between a Hold and Closing](#map-the-steps-between-a-hold-and-closing)
- [Ask for a Written Availability Confirmation](#ask-for-a-written-availability-confirmation)
- [Respond to Changes Without Skipping Review](#respond-to-changes-without-skipping-review)
- [A Worked Example of an Allocation Change](#a-worked-example-of-an-allocation-change)
- [Keep an Availability Record You Can Use](#keep-an-availability-record-you-can-use)
- [FAQ](#faq)
- [About Sequoia Research](#about-sequoia-research)
- [Sources](#sources)

## Start With the Exact Offering and Amount

An available DST needs a clear record. State its legal offering name, the amount you may buy, the terms still open, and the time of the answer. A brand name or a list of property types cannot give you those details. Neither can a sales page that was accurate last week.

For this article, “top” means sponsors worth investigating for your exchange needs. It is not a published league table, a credit rating, or a claim that one firm has the most open capacity. The task here is narrower: turn a general statement about access into facts you and your advisers can use.

Start a call with a specific request. For example: “I am researching whether this named offering can accept a proposed $250,000 investment, subject to review and acceptance. Who can confirm that amount, what must happen next, and how long does that answer remain current?” This is a fictional request, not a suggested investment size.

The answer should name the issuer. The issuer is the legal entity offering the investment. A sponsor may organize several issuers with similar names. A trust number, property location, or offering date can help you keep them apart. Copy the name from the current documents instead of relying on a shorthand label from a presentation.

Separate access from merit. An offering can have room and still be a poor match for your needs. It can also be well documented yet unavailable in the amount or time you need. Keep two records: one for investment research and one for transaction readiness. A green light in one record does not settle the other.

Ask what the answer covers. Does “available” mean open to new requests, room through your broker's platform, a temporary hold for you, or completed acceptance? Use the speaker's actual definition in your notes. If the meaning is unclear, mark the amount as unconfirmed. Ask for a more precise reply.

## What Public Sponsor Pages Show in 2026

We inspected the following public pages on October 16, 2026. This is a small sample of research routes, not a survey of the whole DST market. We did not request allocations, test response times, enter private portals, or obtain investor-specific reservation terms.

| Public source | What the reviewed page establishes | What still needs a direct answer |
| --- | --- | --- |
| Capital Square investment programs | The firm describes DST offerings alongside other investment types | Which specific DST, amount, and acceptance process apply to you |
| ExchangeRight exchange solutions | The page presents example DSTs labeled closed and a route to inquire about current DSTs | The legal name and confirmed capacity of an offering currently accessible to you |
| Inland 1031 and DST resources | The page provides exchange education and links to further resources | Current offering documents, availability, and any reservation conditions |

[Capital Square's investment page](https://capitalsq.com/real-estate-investment/) describes its programs and directs readers to their financial adviser for more information. Its [contact page](https://capitalsq.com/contact/) includes an adviser due diligence inquiry option. Those routes support a request for current information. They do not establish that a particular investor has an allocation.

[ExchangeRight's solutions page](https://www.exchangeright.com/1031-721-exchange-solutions/) labels Essential Income 3 DST, Net-Leased All-Cash 15 DST, and Net-Leased Portfolio 69 DST as closed examples. The page separately invites inquiries about current DSTs. That distinction matters: an example's figures and structure do not make that example an open purchase opportunity. The examples show statistics dated June 30, 2026.

[Inland's 1031 page](https://inland-investments.com/1031-exchanges) is useful for learning about the process and locating further material. We did not use its educational content as proof of an open allocation. We also use IRS sources, rather than simplified marketing timelines, for the exchange deadlines discussed below.

These observations do not rank the firms' service. A public page can be useful without showing live capacity. The next step is to request the current offering and the terms that govern access. Record the date and name of the person who replied. Note any limits on what that person can confirm.

## Define Each DST Availability Status

Create a short set of status labels before you compare offerings. The labels below are a suggested research system. They are not standard contract terms used by every sponsor. Ask each firm how its own terms map to them.

**Listed** means you found the offering on a page, list, or presentation. This establishes a lead to investigate. It says nothing by itself about remaining room, eligibility, or a deadline for action. Note whether the material is an active list or a historical example.

**Open for inquiry** means someone is willing to discuss the offering or receive a request. Ask whether there is room for your proposed amount. An open inquiry channel may serve many investors who are competing for limited capacity.

**Capacity indicated** means an authorized contact has reported an amount available at a stated time. Save that statement. Find out what the number covers. Is it a broad estimate, an amount open through your firm, or room set aside for you? These are different answers.

**Held subject to conditions** means the contact describes a reservation or hold. Read its written terms before treating it as dependable. It may have an expiration, a paperwork requirement, an approval step, or other limits. Use the actual terms rather than assuming what a hold normally means.

**Accepted** means you have evidence that the relevant party accepted your purchase under the applicable documents. Identify that evidence and check for remaining conditions. A signed investor form alone may only show that you submitted a request.

**Completed** means the closing evidence shows that the investment was acquired. Keep the final record with the exchange file. Do not label an investment completed solely because funds were sent or a wire receipt appeared.

Keep the old status when a new message is vague. For example, “we have your paperwork” leaves key points open. Has a hold been extended? Has the issuer accepted the purchase? Ask which step has changed. This approach makes the record useful when several people work on the same transaction.

## Check the Capacity Behind the Quoted Number

Ask what the quoted amount measures. Total equity offered, remaining uncommitted equity, tentative reservations, and the amount available through one selling firm are not interchangeable. A large original offering can have little room left. A smaller current opening may be enough for your request.

Use a simple hypothetical example. An offering starts with $20 million of equity. The contact reports $17.5 million accepted and another $1.8 million held, but not yet accepted. Subtracting both amounts leaves $700,000 not covered by those two categories: $20 million minus $17.5 million minus $1.8 million.

That arithmetic is only a check on the stated categories. It does not prove that $700,000 is available to you. Some holds might overlap with accepted amounts. The reported totals may come from different times. Other restrictions may apply. Ask the contact to explain the categories before you rely on the result.

Suppose the sponsor reports $900,000 still open. Do not silently choose between the two numbers. The $200,000 difference could reflect a released hold or a timing mismatch. It could also be an error. Record both sources and ask which number is current. A written correction is more useful than a guess.

Next, check the amount you can actually request. A stated minimum, permitted increments, or platform limit may affect the fit. Ask for the source of each term. Do not infer current minimums from a closed example, another trust, or a sponsor's general brochure.

Also ask whether partial acceptance is possible. If you request $300,000, could the issuer accept only $200,000? What notice would you receive? Would you have a choice under the documents? These are contract questions for the actual offering, not terms that this article assumes.

Finally, ask when the capacity figure will be refreshed. A timestamp makes a number traceable; it does not keep that number true. Agree on who will check again before the next meaningful step, such as a reservation expiration or a proposed funding date.

## Read DST Reservation Terms Before Relying on a Hold

A reservation deserves its own review because it connects a changing capacity figure to your proposed purchase. Ask for the written terms and identify who has authority to grant the hold. An encouraging conversation is useful context, but it may leave the key conditions unanswered.

Read for four things: amount, expiration, required actions, and cancellation. The amount should match the legal offering and buyer name. The expiration should include a date, time, and time zone. The actions should state what must arrive, who must receive it, and what counts as complete.

Ask whether delivery is enough. A packet might need review or correction after it arrives. An expiry might depend on complete paperwork. Does that mean the forms must be sent or approved? Do the same for funding: sent, received, credited, and cleared can describe different operational events.

Ask what happens when a condition is missed. Is the hold released automatically? Can it be extended? Who can approve an extension, and how is it confirmed? Keep an extension with the first terms. A later reader can then see what changed.

Review any cost or deposit separately. Ask who holds it, whether it is credited toward the purchase, and when it may be returned or retained. Do not assume that every hold requires money, that money creates a guaranteed allocation, or that cancellation is always free. Your counsel can interpret the actual agreement.

For exchange funds, bring the qualified intermediary and tax adviser into the discussion before changing their use or location. A qualified intermediary, often called a QI, can perform a defined role in a deferred exchange. The [IRS describes QI arrangements as one safe harbor](https://www.irs.gov/instructions/i8824); the proper arrangement depends on the facts.

A hold should leave a clear next step. If you cannot explain what it provides and what can end it, it is too vague to support a closing plan. Request the missing terms while the investment review continues.

## Confirm Investor and Broker Access

An offering can have room without being open to every investor. Ask which investor qualifications apply and what evidence must be supplied. Ask whether other facts create more steps. These could include your form of ownership, account, or location. Let the issuer and your advisers confirm which rules apply.

Private offerings use different exemptions and terms. The [SEC's private-placement bulletin, updated September 21, 2026](https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-bulletins/private-placements-under-regulation-d-updated-investor-bulletin), explains that Regulation D offerings can have different investor and verification requirements. A claim that someone is accredited does not settle every access or investment question.

Then confirm the selling route. Can your broker's firm offer this specific investment? Has it completed the work it requires? Is the capacity quoted to the sponsor available through that firm? Ask who can answer these questions without assuming that every firm has the same menu.

Keep proof of your status in a separate file from the access worksheet. Use the appropriate secure process supplied by the responsible firm. A table needs the status and source of the check. It does not need copies of private ID or financial records.

Access also does not establish a recommendation. A firm may be able to process an offering while still needing to assess whether a recommendation fits the investor. Conversely, a discussion of fit does not prove that an allocation exists. Track both questions so neither is lost in a rushed exchange.

If a selling route changes, check which prior steps still count. A document package, qualification review, or reservation from one route may not carry over automatically. Ask for a new list of open steps rather than assuming the process starts at the same point.

## Match the Documents to the Available Offering

The documents you review should describe the investment you may actually buy. Start with the full legal name and document date. Check every supplement supplied with it. A private placement memorandum, or PPM, sets out offering information and terms. Keep a list of the files received.

Compare that list with the availability reply. If the reply names a different series or trust, stop the mismatch from spreading through the file. Ask whether the name was shortened, a new offering was substituted, or a document was attached by mistake. Do not edit the names yourself to make them agree.

Check whether a later supplement changes a term central to your decision. Examples to investigate include the assets, loan terms, fees, investor rights, and expected timing. These are review topics, not claims that every supplement changes these features. Record what your actual documents say.

The [FINRA private-placement notice](https://www.finra.org/rules-guidance/notices/23-08) emphasizes offering-specific investigation and current information. It also cautions that a selling schedule should allow time for reasonable investigation. That supports a direct question to the broker: what current material has been reviewed for this offering, and what remains unresolved?

A completed sponsor review should not be copied into a new offering file as if all terms were unchanged. Keep the parts that remain relevant, then identify the new facts that require work. This saves work on background research. It still leaves time to examine the current offering.

Use a version log with four fields: document title, date shown, date received, and the earlier file it replaces. If no publication date appears, say so. A recent download date does not make an old document current. Request confirmation that the package is complete as of a stated time.

## Keep the 1031 Exchange Clock Separate

A sponsor's hold period and the tax identification period have separate clocks. A reservation does not, by itself, complete a valid property identification. A valid identification also does not promise that an issuer will accept your purchase.

For a deferred exchange, the [IRS Form 8824 instructions](https://www.irs.gov/instructions/i8824) describe a 45-day identification period. Receipt of replacement property generally must occur by the earlier of 180 days or the tax return due date, including extensions. Confirm the dates and any applicable special rules for your facts with your tax adviser.

Use a hypothetical sale on October 16, 2026. Forty-five calendar days later is November 30, 2026; 180 days later is April 14, 2027. Those calculations illustrate the calendar only. The second date must still be compared with the applicable return deadline and other facts. This example is not an individual tax determination.

Place operational dates beside, rather than over, those tax dates. A hold could expire earlier. A firm could require documents before a proposed closing. A bank or QI may have its own processing cutoff. None of those dates automatically changes the statutory exchange periods.

The [IRS ruling on DST interests](https://www.irs.gov/pub/irs-drop/rr-04-86.pdf) addresses a trust with specified facts and limits. It does not make every DST interest eligible for every exchange. Ask your tax adviser to review the actual structure and identification approach instead of treating the sponsor's label as the tax conclusion.

Write down who owns each calendar check. One adviser may check a tax date. Someone else may grant a hold or arrange funding. A shared calendar helps. Each entry still needs a source and a contact.

## Build a Backup Plan Within the Identification Rules

A backup plan begins with alternatives you have time to understand. It should not be a list of unfamiliar products added at the last moment. Decide what could cause the first choice to fail: lost capacity, an unresolved term, a missed condition, or a change in your own needs.

Discuss identification choices with the QI and tax adviser before the deadline. [IRS Publication 544](https://www.irs.gov/publications/p544) explains limits on identifying multiple properties and how identification can be canceled within the identification period. Do not assume that a sponsor's entire lineup, or each multi-property trust, can be counted or described in a simple way without advice.

Distinguish a researched alternative from a documented alternative under the exchange rules. You may have studied an investment yet not properly identified it. You may also have identified property that later becomes unavailable. Mark these statuses separately in the plan.

Track each backup in the same way as the first choice. A backup with an old capacity estimate is a weak backup. When you review the plan, confirm the amount, access route, terms, and closing steps.

Avoid treating a sponsor change as a small administrative edit. A different offering may introduce different assets, debt, fees, controls, and exit terms. The research should address those differences. A familiar sponsor name does not remove the need to examine them.

Plan the decision path if no acceptable alternative remains. The tax adviser can explain the possible tax consequences of the actual outcome. That discussion may be uncomfortable, but it creates a clearer choice than assuming an available investment must be purchased. Tax planning and investment judgment belong in the same conversation, with their separate facts visible.

## Map the Steps Between a Hold and Closing

Make a task list for the actual offering rather than borrowing a generic closing promise. Ask each party to confirm the steps, who will do them, and their order. A useful list might include document delivery, investor review, qualification checks, subscription submission, issuer acceptance, funding instructions, and closing evidence.

Treat that list as a request to verify the process. It is not a claim that every DST uses the same sequence. Some steps may overlap, and some may need to occur before a hold is granted. The documents and responsible firms should explain the order that applies.

For each task, record three dates. Note when it is due, when it is expected, and when it is done. This exposes a gap between a plan and a result. A target date should not be copied into the completed column just because no one has reported a problem.

Ask what a delay would affect. If a qualification check takes longer than expected, does the reservation remain in place? If a signature must be corrected, who receives the new packet? If funding is delayed, who can confirm whether the closing can still proceed? Get those answers while there is time to use them.

Confirm funding details through the established process with the parties handling the transaction. Do not treat a changed instruction in a forwarded message as self-verifying. The person confirming an allocation may not be the person authorized to change payment instructions.

After closing, collect evidence that connects the accepted purchase, funding, and acquired interest. Have the appropriate advisers reconcile the records with the exchange file. This final check keeps an operational assumption from being carried into later tax work or investment reporting as an established fact.

## Ask for a Written Availability Confirmation

A written request works best when it asks for facts the recipient can actually confirm. Avoid asking only whether a sponsor has “good options.” Name the offering and proposed amount, state the relevant timing, and identify the open questions. Keep investor-specific sensitive documents in the proper secure channel.

Here is a request to adapt with your advisers:

> Please confirm the full legal name of the offering. Is the proposed amount open through the intended selling firm? State whether this is an indication, a reservation, or an accepted purchase. Please include the time of the confirmation, any expiration, the remaining conditions, and the person authorized to confirm the next step.

Follow it with the practical details that matter in your case. Ask which document versions govern the response, whether partial acceptance is possible, and what happens if a required step is late. If an amount or date is unknown, ask that it be labeled unknown instead of replaced with an estimate that looks final.

Send the reply to the people who need it through the agreed process. A tax adviser may need the offering identity and timing. A QI may need transaction instructions and closing coordination. A broker may need current offering and acceptance information. Sharing a clear status can reduce repeated questions without asking one party to speak for everyone.

Save the reply with the original request. If the answer arrives by phone, write a short record and request confirmation of the critical points. Identify the statements that are confirmed and those that remain your notes. Do not turn a personal call summary into a binding promise the speaker never made.

## Respond to Changes Without Skipping Review

When capacity changes, first identify what changed. Was an amount reduced, a hold released, a deadline moved, or a different offering proposed? A broad message such as “we need to move quickly” is not enough to revise the file.

Ask for the new facts in writing. Record the old and new values side by side. Keep the earlier message rather than replacing it. A short change history helps explain why a decision was revisited and prevents two advisers from working from different versions.

Then examine the effect on the plan. A smaller allocation may change the amount still needing a destination. A new offering may change the research. A shorter hold may change the order of tasks. Assign each issue to the person best able to address it.

Do not allow urgency to become evidence of quality. A closing schedule answers a timing question. It cannot answer whether the debt, property, fees, or risks fit your needs. The [SEC's private-placement guidance](https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-bulletins/private-placements-under-regulation-d-updated-investor-bulletin) highlights limited disclosure, illiquidity, and possible loss. Open capacity does not remove those risks.

Decide in advance which gaps require a pause. Examples could include conflicting offering identities, missing governing documents, unclear acceptance terms, or unanswered questions central to your decision. These are proposed review controls; the right response depends on the facts and advice you receive.

A pause should have a defined purpose. State what evidence is missing, who can provide it, and when the group will reassess. That turns a delay into a task. It also makes it easier to recognize when the available time or information no longer supports the planned purchase.

## A Worked Example of an Allocation Change

Consider a fictional investor researching how to place $600,000 of exchange cash. This amount is used only to illustrate allocation tracking. It is not a calculation of replacement value, debt treatment, taxable gain, or full tax deferral.

The initial plan has $350,000 in fictional Trust Cedar and $250,000 in fictional Trust Harbor. Cedar has a written, conditional hold for $350,000. Harbor's contact has indicated capacity for $250,000 but has not issued a hold. The spreadsheet should show those different statuses even though the two proposed amounts add to $600,000.

The next day, Harbor confirms that only $150,000 can be held on the stated terms. The revised proposed allocation is $350,000 plus $150,000, or $500,000. That leaves a $100,000 planning gap. Calling the original plan “fully reserved” would have hidden both the initial uncertainty and the later gap.

The investor has also researched fictional Trust Meadow. Its contact indicates $125,000 of capacity. That number is enough to explore a $100,000 request, but it is not proof that the request will be accepted. The group checks the minimum, permitted increments, selling route, documents, and current terms.

Suppose the tax adviser confirms the relevant identification questions for the actual exchange, the broker finishes the investment review, and the issuer confirms a conditional $100,000 hold. The revised planning amounts now add to $600,000: $350,000, $150,000, and $100,000. The file still lists all open conditions. The arithmetic has closed the planning gap; it has not completed the purchases.

Now add a complication. Cedar's hold expires before Meadow's expected acceptance. The answer is not to erase Cedar's expiration because the total looks right. The responsible contact must confirm whether an extension is available. If it is, the revised terms belong in the file. If it is not, the plan needs another review.

This example shows why a single “available” column is weak. At any moment, the file may contain indicated, held, accepted, and completed amounts. Keep a subtotal for each status. Do not add them as if every amount had the same level of certainty, and do not count the same allocation twice as it moves between stages.

## Keep an Availability Record You Can Use

A useful record fits on one page even when the supporting files are longer. Give each offering its own row. Include the issuer name, proposed amount, confirmed amount, status, expiration, source, document version, open conditions, and next responsible person.

Date each update and keep the prior entry. A running history can be brief: “Capacity reduced; new written reply saved” is enough if it links to the actual reply. Avoid adding a confident explanation for a change that the source did not explain.

Review the record at decision points rather than on an arbitrary schedule alone. Those points may include a new supplement, a changed allocation, a reservation expiry, an identification decision, or a planned funding step. The goal is to refresh the facts when they could change the next action.

Close the record only when the appropriate evidence supports the completed status. Preserve unresolved items that still matter after closing, such as a promised report or a question referred to the tax adviser. A completed purchase does not erase the need for an accurate research file.

## FAQ

### Does a sponsor's website prove a DST is available?

No. It may show an example, a general program, or an offering open for inquiries. Request the specific legal name, current amount, conditions, and timestamp. The public sample in this article includes closed examples alongside a separate current-offering inquiry route. We did not obtain investor-specific allocations from those firms. Treat the website as a starting point and keep the direct confirmation in the transaction file.

### Is a DST reservation the same as an accepted subscription?

Use the terms in the actual documents. A reservation may be conditional and time limited. A subscription may be submitted before the relevant party accepts it. Ask what evidence marks acceptance and what remains open afterward. Do not infer those answers from the words “reserved” or “paperwork received.” The legal effect of a particular agreement is a question for counsel reviewing that agreement.

### Can I rely on a broker's reported capacity?

Ask what the broker confirmed, with whom, and when. Find out whether the figure is sponsor-wide, available through the firm, or held for you. A broker can be a useful contact without being the party that controls every stage. Save the source and limits of the answer. Recheck when the next step depends on it, especially if the quoted amount or reservation date has changed.

### Does a reservation satisfy the 45-day identification rule?

A reservation alone should not be treated as proof of a valid tax identification. The IRS sets requirements for identification, including timing and written description. Have the QI and tax adviser confirm what your exchange requires. Keep the identification record and reservation record separate so you can see whether both tasks were completed. A valid identification also does not force an issuer to accept a purchase.

### What if only part of my requested amount is accepted?

Record the accepted amount and ask what happens to the rest under the governing documents. Revisit the allocation plan and exchange questions with the relevant advisers. A remaining cash amount is not, by itself, a complete measure of taxable gain or failed deferral. The tax analysis needs the transaction's full facts. Do not substitute another investment without checking its documents, access, review status, and identification implications.

### Should I reserve several DSTs as backups?

Discuss the need for alternatives and the actual reservation terms before making overlapping commitments. Check costs, cancellation rights, and conditions. Separately obtain advice on identification limits and descriptions. A backup should be researched and its availability refreshed. More names on a list may not create a workable plan. Each entry could have open terms. The tax identification could also need more work.

### How often should I refresh availability information?

There is no universal refresh interval established by this article. Ask how the firm updates capacity and which events can end or change your hold. Recheck before a decision that depends on the amount, expiration, or acceptance status. Record the new answer with its time. An old confirmation can remain useful as history while being too old to support the next transaction step.

### Does selling out show that a DST is a better investment?

A completed equity raise shows a sales or funding event, not a realized investor return. It does not establish property performance, future distributions, or a successful exit. Review the offering's risks and economics separately from demand for its interests. Ask whether you can buy a researched investment on terms that fit your needs and the exchange rules. Popularity does not create a shortcut.

## About Sequoia Research

Sequoia Research, LLC provides independent research on DSTs and other real estate investment offerings. This educational library helps readers examine sources, compare claims, and ask clearer questions about investment structure and risk.

## Sources

- [IRS Instructions for Form 8824](https://www.irs.gov/instructions/i8824), tax year 2025 instructions; accessed October 16, 2026.
- [IRS Publication 544](https://www.irs.gov/publications/p544), tax year 2025; accessed October 16, 2026.
- [IRS Revenue Ruling 2004-86](https://www.irs.gov/pub/irs-drop/rr-04-86.pdf), 2004; accessed October 16, 2026.
- [FINRA Regulatory Notice 23-08](https://www.finra.org/rules-guidance/notices/23-08), May 9, 2023; accessed October 16, 2026.
- [SEC Private Placements Under Regulation D](https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-bulletins/private-placements-under-regulation-d-updated-investor-bulletin), originally August 17, 2022; updated September 21, 2026; accessed October 16, 2026.
- [Capital Square investment programs](https://capitalsq.com/real-estate-investment/), undated current page; accessed October 16, 2026.
- [Capital Square contact routes](https://capitalsq.com/contact/), undated current page; accessed October 16, 2026.
- [ExchangeRight 1031 and 721 exchange solutions](https://www.exchangeright.com/1031-721-exchange-solutions/), example statistics dated June 30, 2026; accessed October 16, 2026.
- [Inland 1031 and DST resources](https://inland-investments.com/1031-exchanges), undated current page; accessed October 16, 2026.


## Related Reading and Tools

- [Top DST Sponsors (2026): Which Criteria Should Drive a Comparison](https://sequoia-research.com/writing/top-dst-sponsors-2026-which-criteria-should-drive-a-comparison)
- [1031 Exchange DST Brokers: What They Do During the Exchange Process](https://sequoia-research.com/writing/1031-exchange-dst-brokers-what-they-do-during-the-exchange-process)
- [DST Due Diligence: A Practical Checklist Before You Invest](https://sequoia-research.com/writing/dst-due-diligence-a-practical-checklist-before-you-invest)