Realized

Realized runs a platform for 1031 exchanges and Delaware Statutory Trust (DST) investments. It works directly with real estate investors and offers an advisor platform for registered investment advisers, trust companies, banks and broker-dealers that want to add DSTs, Qualified Opportunity Zone funds and similar real estate strategies to client portfolios.

The Realized marketplace lists DST offerings from many sponsors after the firm's own due diligence on the sponsor, the real estate and the deal structure, and it scores deals with a proprietary Realized Confidence Score. Advisors can build goals-based or custom DST portfolios that account for exchange rules, tax goals and risk, measured with a diversification score. The platform also handles transaction processing with built-in qualified intermediary services, quarterly mark-to-market valuations on DSTs, client and advisor portals with consolidated reporting and billing, and ongoing monitoring. An alternative trading system offers a secondary market for DST interests, and the company provides educational content that firms can co-brand.

Realized was founded in 2015 and says it supports more than 10,000 advisers. Its broker-dealer, Realized Financial, provides supervisory support for firms on the platform. Fees can be set as asset-based charges, upfront planning fees or commissions. The company says client reporting will connect to Black Diamond and Orion.