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LibraryThe Heron DST
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Comparative Analysis

Processed

The Heron DST

Measured against 56 extracted offerings on the identical field set, this deal sits 45 of 57 on the blended percentile score. It reads strongest on property management fee and weakest on selling commission and total upfront load, which is where the diligence time belongs.

56 comparable offerings · as of August 2026

44Composite

Standing

45 of 57

Blended percentile across 11 extracted metrics.

Pricing

48th pct

Leverage

23rd pct

Cost

29th pct

Ongoing

67th pct

Structure

64th pct

Percentile profile

Pricing

Acquisition cap rateMin 4.00%Med 5.50%Max 7.53%5.50%48th
Syndicated cap rateMin 4.02%Med 5.63%Max 9.74%5.49%48th

Leverage

Interest rateMin 3.91%Med 5.11%Max 9.11%5.60%22nd
Loan termMin 1 yrsMed 10 yrsMax 36 yrs8 yrs23rd

Cost

Selling commissionMin 0.05%Med 6.00%Max 6.00%9.75%0th
Total upfront loadMin 1.96%Med 5.97%Max 12.05%9.75%19th
ReservesMin 0.11%Med 5.53%Max 18.84%7.63%68th

Ongoing

Disposition feeMin 1.00%Med 2.95%Max 7.50%3.00%43rd
Property management feeMin 2.50%Med 5.00%Max 7.00%3.00%90th

Structure

Equity share of capitalMin 6.09%Med 97.50%Max 100.00%100.00%50th
Hold periodMin 1 yrsMed 10 yrsMax 36 yrs8 yrs77th

Bar spans the cohort minimum (Min) to maximum (Max), labelled beneath with the cohort median (Med). Shaded band is the 25th–75th percentile, the tick is the median, and the dot is this offering.

Where the headline metrics fall in the cohort

Acquisition cap rate

48th pct

5.50%median 5.50%

Min 4.00%Med 5.50%Max 7.53%

Interest rate

22nd pct

5.60%median 5.11%

Min 3.91%Med 5.11%Max 9.11%

Total upfront load

19th pct

9.75%median 5.97%

Min 1.96%Med 5.97%Max 12.05%

Metric-by-metric comparison

MetricThis offeringCohort median25th–75thDifferencePercentile
Acquisition cap ratePricing5.50%5.50%5.00%6.00%0.00%48th
Syndicated cap ratePricing5.49%5.63%4.84%5.83%−0.14%48th
Interest rateLeverage5.60%5.11%5.00%5.35%+0.49%22nd
Loan termLeverage8 yrs10 yrs9.5 yrs10.5 yrs−2 yrs23rd
Total upfront loadCost9.75%5.97%4.89%9.50%+3.78%19th
Selling commissionCost9.75%6.00%5.00%6.00%+3.75%0th
ReservesCost7.63%5.53%1.67%9.03%+2.09%68th
Property management feeOngoing3.00%5.00%3.13%5.00%−2.00%90th
Disposition feeOngoing3.00%2.95%2.00%3.50%+0.05%43rd
Equity share of capitalStructure100.00%97.50%52.74%100.00%+2.50%50th
Hold periodStructure8 yrs10 yrs9.5 yrs10.5 yrs−2 yrs77th

Closest comparables

OfferingSponsorCap rateLTVDSCRLoadHoldMatch
MCG Arden NC Multifamily DSTMadison Long Shoals Manager, LLC1.64x10.50%88%
Inland Self Storage Portfolio XXII DSTInland Private Capital Corporation0.00%8.40%87%
Texas Active Living Portfolio II DSTCapital Square5.65%0.00%9.65%84%
JWCM Vivian DSTJWCM Exchange I, LLC4.70%57.90%12.05%10 yrs83%
BR Diversified Industrial Portfolio 7 DSTBIGR Exchange 7 TRS, LLC6.66%0.00%9.45%10 yrs82%
LSC Fort Washington MD DSTLivingston Street Capital, LLC49.60%1.15x11.03%2 yrs82%
MCG Gainesville FL BTR DSTMadison Capital Group1.74x10 yrs82%
Moody Village Towers DSTMoody National Companies5.07%37.27%11.67%81%

Match score is a normalised distance across the full extracted metric set — asset type, pricing, leverage, cost and structure all weighted equally.

Figures on this page are generated from automated extraction of offering documents and may contain errors or omissions. Verify every metric against the sponsor's offering materials before relying on it for an investment decision.