Four Springs Capital
Four Springs Capital is an integrated real estate investment sponsor and distribution platform headquartered in Lake Como, New Jersey, focused on delivering institutional-quality, single-tenant net-lease investment programs and short-duration credit opportunities to financial professionals and accredited investors. The company operates through two primary business lines: Four Springs TEN31 Xchange, a Delaware Statutory Trust (DST) program sponsor that offers tax-deferred 1031 exchange replacement properties to investors, and Four Springs Capital Markets, a distribution platform that connects financial advisors with Four Springs' investment offerings and other alternative investment products. Together, these businesses form an integrated ecosystem designed to serve real estate investors seeking efficient tax strategies, predictable income, and access to institutional-quality net lease real estate.
Four Springs Capital's investment philosophy centers on rigorous, bottom-up underwriting that evaluates the real estate before the lease — emphasizing location quality, replacement cost, mission-critical use, and long-term adaptability as primary determinants of investment merit. Each property acquisition is further underwritten against rigorous tenant credit criteria, with independent third-party credit reviews supplementing internal underwriting to screen tenants against financial and operational benchmarks. Four Springs focuses on long-term net leases, structured as triple-net (NNN) or double-net (NN) agreements, with contractual rent escalations that support durable, predictable income streams over extended investment horizons. The company has historically built a portfolio of single-tenant commercial properties in industrial, medical, service-oriented retail, and office categories leased to creditworthy tenants across the United States.
Four Springs Capital's DST programs are designed to serve individual investors completing 1031 exchanges — a tax-deferred exchange mechanism under Internal Revenue Code Section 1031 that allows investors to defer capital gains taxes by reinvesting proceeds from the sale of real estate into a qualifying like-kind replacement property. Through its TEN31 Xchange platform, Four Springs structures DST interests in single-tenant net-leased properties that qualify as like-kind replacement property under Section 1031, enabling investors to access institutional-quality net lease real estate within the strict exchange timelines required by IRS regulations. Securities are offered through Third Seven Capital, LLC, Member FINRA/SIPC, and Four Springs Capital was founded in 2012.