DST Sponsor Spotlight
Four Springs
Sponsor Overview
Four Springs TEN31 Xchange (FSXchange), a subsidiary of Four Springs Capital Trust (FSCT), structures Delaware Statutory Trust (DST) offerings to provide accredited investors with tax-deferred 1031 Exchange opportunities. FSXchange focuses on offering stable, income-producing real estate investments backed by long-term leases. Its parent company, FSCT, founded in 2012, is a real estate investment trust (REIT) that acquires and manages a diversified portfolio of single-tenant, income-generating commercial properties under triple or double net leases. FSCT strategically targets properties with purchase prices between $5 million and $25 million to minimize competition from larger institutional investors while ensuring portfolio diversification across tenants, industries, geographies, and property types.
DST Headquarters
3349A State Route 138 Allaire Corporate Center Building A, Suite A, Second Floor Wall, NJ 07719
CEO and Member of Board of Trustees
Coby Johnson
Coby Johnson has been with Four Springs Capital Trust since its inception in 2012, initially serving as Chief Operating Officer and Secretary before becoming President in 2014 and transitioning to CEO in 2024.
With a strong background in corporate and securities law, Mr. Johnson has extensive experience in real estate, capital markets transactions, and investment strategy. His leadership has played a key role in the firm’s growth and expansion within the 1031 Exchange and DST markets.
Portfolio Size
Tenant Diversification
Occupancy Rate
Over 150 properties across 32 states
68 tenants in 37 industries
99.8% leased
Portfolio Size
Over 150 properties across 32 states
Tenant Diversification
68 tenants in 37 industries
Occupancy Rate
99.8% leased
Investment Strategy
Targeted Acquisitions
Focuses on single-tenant net lease properties with strong real estate fundamentals.
Diversified Portfolio
Invests across industrial, medical, and necessity retail sectors for stability.
Institutional Quality
Acquires properties with creditworthy tenants and long-term lease structures.
Investor Focused
Designed for passive income generation and long-term capital preservation.
Primary Property Sectors
Industrial
Facilities strategically positioned in key logistics corridors.
Retail
Vibrant shopping destinations with strong, anchor tenants.
Recently Closed Offerings
Life Sciences
Four Springs Capital Healthcare 28 DST
- Property Status: Closed Offering
- Property Type: Life Sciences
- State: Arizona
- City: Tucson
- Properties: 1
- Equity Offering: $10,567,000
Industrial
Four Springs Capital Industrial 27 DST
- Property Status: Closed Offering
- Property Type: Industrial
- State: Multiple States
- City: Multiple Cities
- Properties: 22
- Equity Offering: $78,325,000
Industrial
Four Springs Capital Industrial 11 DST
- Property Status: Closed Offering
- Property Type: Industrial
- City: Romulus
- Properties: 1
- Equity Offering: $19,680,000
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Property Profiles Include:
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DST Pros & Cons
- Assets Under Management (AUM) denotes the aggregate value of all assets managed by the organization, encompassing Delaware Statutory Trusts (DSTs) as well as other investment vehicles.
- All AUM statistics are as of March 16, 2022. Past performance of the Sponsor does not guarantee future results. Aggregation and liquidity objectives, timing, and results are not guaranteed.
- High-grade institutional property refers to property that attracts large, sophisticated investors due to the size and quality of the property, e.g., pension funds, life insurance companies, real estate investment trusts (“REITs”), university endowments, sovereign wealth funds, etc.
