DST Sponsor Spotlight
InCommercial
Sponsor Overview
InCommercial Real Estate stands out as a diversified sponsor and vertically integrated real estate firm with a national footprint. Focused on long-term asset performance and strategic growth, the firm specializes in acquiring, developing, and managing high-visibility properties across the U.S. With a proven track record in single-tenant net lease investments and a deep understanding of retail, healthcare, and government sectors, InCommercial brings institutional-quality solutions to individual investors.
What distinguishes InCommercial is its in-house property management and development expertise—providing a streamlined experience from acquisition to ongoing operations. Their proactive, hands-on approach ensures high occupancy, tenant satisfaction, and long-term value creation for their DST investors.
Headquarters
Brookfield, Wisconsin
Founder and Chief Executive Officer
Erik Conrad
Erik Conrad is the Founder and CEO of InCommercial Property Group. With over 15 years of experience in financial services and alternative real estate investments, Erik leads the firm’s vision, strategy, and execution. He is the driving force behind InCommercial’s growth as a premier sponsor of DST offerings focused on net lease retail assets.
Erik’s background spans capital markets, investor relations, and sponsor operations. Prior to founding InCommercial, he held leadership roles at national investment firms where he helped structure and distribute real estate offerings including DSTs and private placements. His entrepreneurial mindset and focus on investor outcomes have shaped InCommercial into a vertically integrated firm with a clear commitment to income stability and long-term value creation.
Properties Managed
Assets Under Management
Properties Owned
290
$653M
219
Properties Managed
290
Assets Under Management
$653M
Properties Owned
219
Investment Strategy
Strategic Acquisition
Focused on well-located, high-visibility sites across stable markets.
Net-Leased Properties
Emphasis on long-term NNN leases with creditworthy tenants.
Sector Diversification
Retail, medical, government, and essential services sectors.
In-House Management
Fully integrated operations improve asset performance and oversight.
Primary Property Sectors
Retail
National brand tenants such as pharmacies, convenience stores, and essential retail with long-term triple-net (NNN) leases.
Healthcare
Medical office buildings and outpatient facilities anchored by strong regional or national healthcare providers.
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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 2025. 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.
