AEI Income & Growth Fund XXI Limited Partnership is a Minnesota limited partnership formed to acquire and lease commercial properties. Its managing general partner is AEI Fund Management XXI, Inc., an affiliate of AEI Capital Corporation.
This is Fund XXI, also referred to as Fund 21, not Fund XXII or AEI's later LLC funds. Review remaining properties, available cash, partnership expenses and any asset-disposition or liquidation communications before estimating the timing or amount of potential investor proceeds.
AEI Capital Corporation / AEI Fund Management XXI, Inc.
Limited Partnership
Ownership and leasing of commercial property
Commercial Real Estate
Private Secondary-Market Review; Availability Unconfirmed
Research reviewed October 20, 2026
The fund filed a quarterly report covering June 30, 2026. The filing identifies limited partnership units and no securities registered on a national exchange. Current investor statements and subsequent communications should be reviewed alongside that report.
For this real estate partnership, the review should reconcile remaining property interests, tenant and lease exposure, recent dispositions, cash reserves, expenses and planned distributions. A property sale does not necessarily equal an immediate final distribution.
Source dates matter. Historical offering records, transaction announcements and completed tender periods should not be interpreted as present offers. Confirm subsequent notices and the investor's current balance before making a transaction decision.
Begin by checking the governing agreement and current sponsor instructions. A transfer may require consent, purchaser qualification, assignment documents, administrative processing and verification of ownership.
A private secondary transaction is a separate possibility to evaluate, not an assumed source of liquidity. Any potential purchaser and transfer must satisfy the investment's requirements. Do not cancel an existing instruction or assume an interest has transferred until the relevant parties confirm the applicable steps.
An investor's capital account, tax basis, original subscription and sponsor-reported value are not interchangeable. A potential purchaser would need to assess the remaining assets, cash, debt, expenses, future distributions and expected realization period. A K-1 alone is not a current appraisal or an executable purchase price.
Compare gross consideration with the net amount after disclosed transaction charges, sponsor or transfer-agent fees, and any other applicable deductions. Request the terms in writing. Personal tax consequences require review with the investor's tax professional.
IRA, trust, estate and entity registrations may involve additional signatures or custodian procedures. The required documents and any signature guarantee should be confirmed for the particular transfer.
AIL can assess the available ownership records, transfer requirements, valuation references and potential market interest. A review does not guarantee a buyer, an issuer repurchase, a price or a completion date.
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AIL is not affiliated with or endorsed by the investment's sponsor. This page is general research, not an offer to buy or sell securities or individualized investment, legal or tax advice.
Research reviewed October 20, 2026. The dates and limitations of each source should be considered when evaluating current liquidity.
Secondary market interest depends on more than asset type. AIL evaluates each position based on investment structure, transferability, documentation, and current market conditions.
Ownership type, sponsor requirements, investment terms, and underlying asset characteristics all influence review.
Some positions may be subject to transfer restrictions, approval requirements, or limitations within governing documents.
Offering materials, account records, ownership documents, and sponsor information help determine whether review can proceed.
Potential liquidity depends on current buyer interest, asset category, pricing expectations, and transaction feasibility.
Every opportunity is reviewed individually. Our process is designed to provide clarity regarding transferability, marketability, and potential liquidity pathways before any transaction decisions are made.
Provide basic details regarding the investment position, ownership structure, and available documentation.
AIL evaluates the investment type, transfer restrictions, sponsor requirements, and available transfer pathways.
We determine whether a secondary market opportunity may exist based on current investor demand and transaction activity.
If a viable pathway exists, we discuss potential next steps, timing considerations, and transaction requirements.
Submit basic information for a confidential review. Opportunities are evaluated individually based on investment structure, available documentation, transferability, and potential market interest.
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