About The Company

Realized is an end-to-end platform that helps you exchange 1031-eligible properties for diversified portfolios of tax-efficient property interests, customized to your shifting income goals, risk appetite, and investment objectives across generations.

Collectively, the team at Realized has a wide range of applicable experiences, but all share the same mission, to improve lives through innovative real estate wealth solutions. The timeline below is just a glimpse of the journey we’ve been on and a peek into the future.


  • Realized CEO David Wieland, CFO David Dahill, COO Anthony Azar, and VP of Design and Interactive Harrison Gillet attend Coronado High School together in El Paso, Texas. Wieland and Dahill attend Texas A&M University together.
Realized 1990


  • CEO David Wieland and CFO David Dahill founded their first company, focused on convenience-oriented real estate, building the company's revenue to $15M before liquidating to a publicly traded REIT.
Realized 1998


  • Dahill and Wieland pioneer the field of structured finance credit products and derivatives, ultimately accumulating $55M worth of credit exposure on 100 properties for their publicly traded REIT.
Realized 1999


  • Dahill, Gillett, and Wieland create Memberize — one of the first SaaS membership and event management platforms.
Realized 2002


  • Members of the Realized team are involved in the sponsorship of four Tenant-in-Common offerings, investing approximately $75M in apartments.
Realized 2004


  • Members of the Realized team are involved in the sponsorship of the second-ever 1031 DST offering, along with pioneering the CMBS financings of and sponsoring the first-ever multi-property DST.
Realized 2005


  • Members of the Realized team are involved in conducting the first financing mortgage from FNMA, with $200M in equity and comprised of 20 DSTs. They also manage the first DST with mortgage financing from Freddie Mac — including 10 DSTs and with $100M in equity.
Realized 2006


  • Total market value of 1031-qualified DSTs sponsored by team members of Realized exceeds $900M.
Realized 2008


  • Wieland leads a court battle to protect the investors of his company. His efforts protected $1B in assets and the wealth of 1,300 investors.
Realized 2012


  • After years of personal and joint ventures, Wieland and Dahill join forces yet again to found Realized Holdings out of Austin, Texas.
Realized 2015


  • The Realized marketplace launches, creating a space for investors to explore their 1031 exchange options and invest in DSTs.
Realized 2016


  • The Realized marketplace hits its first major goal: $50M in real estate sales.
Realized 2017


  • Realized structures and executes the first ever “cash-out” Delaware Statutory Trust. During the same year, sales on the company’s marketplace hit $150M.
Realized 2018


  • Realized begins development of the first end-to-end Investment Property Wealth Management® for individual investors and launches the first ever Delaware Statutory Trust secondary market.
Realized 2019


  • The rapidly growing Realized marketplace hits half a billion dollars in real estate sales. To accommodate the growth, the company acquires Thornhill Securities, Inc. (now Realized Financial, Inc.), a licensed broker-dealer and registered investment advisor.
Realized 2020


  • Realized expands the number of Sponsors on the marketplace to 42 and formalizes the account management team, allowing for annual portfolio reviews and ongoing client support.
Realized 2021


  • Realized launches Confidence Scores, an objective way to allow advisors to compare multiple types of DSTs against each other using a statistical scale, based on 3rd party data, which helps predict the DST's likelihood to meet the cashflow projections of the Sponsor.
Realized 2022


  • Realized launches Goals-Based Portfolios and Diversification Scores. Goals-based portfolios are the starting point we use to build a tailored investment plan. Each of these goals-based portfolios are built with one of three main objectives in mind: capital preservation, income generation, or growth. The Diversification Score is a proprietary measurement that assesses the overall level of diversification in a portfolio according to five different components.
Realized 2023


  • Realized continues to add tools and functionality to support the financial advisor and sponsor community. From Delaware Statutory Trust (DST) analysis to portfolio construction, closing services and consolidated statements Realized offers one of the most comprehensive Advisor support models available.
Realized Next…
  • About
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Realized Financial, Inc.

Exclusive Broker-Dealer

Kelsey Montoya

Operations Manager
Kelsey Montoya

Stephanie Elliott

Stephanie Elliott

Board Members and Observers

Kevin Dunlap

Board Member
Kevin Dunlap

Scott Ingraham

Board Member
Scott Ingraham

Nick Smith

Board Observer
Nick Smith

Core Values


We serve with humility, care, and dedication.


We are accountable, honest, and authentic.


We build loyal relationships based on mutual respect, collaboration, and integrity.


We grow through hard work and insatiable curiosity.

The Realized Story

We started with a premise based on “simple.” Make 1031 real estate exchanges less time-consuming, complex, and difficult for the 1031 investor - and by doing so, make them more profitable as well. Our mission was simple: to improve lives through innovative real estate wealth solutions.

Quickly, though, our mission inspired more. Something bigger than just 1031 exchanges. Post-exchange, a problem still existed among our investors. They needed a solution that bridged the gap between their investment properties and sophisticated wealth management techniques. Soon, we devised a solution: Investment Property Wealth Management®.

The purpose of Investment Property Wealth Management® is to help investors meet their income needs in retirement, manage their risk, and preserve their property wealth across generations — all while managing investment property wealth like they do other investments.

By combining deep real estate investment expertise and technology, the Realized platform develops investment strategies designed to maximize after-tax, risk-adjusted returns. We develop a holistic plan that helps investors manage their wealth tax efficiently — giving them the tools to help them through this major financial decision.

We simplify the process by making it possible for investors to defer their taxes and find a replacement property that meets their needs, risk preferences, and goals. We create long-term relationships based on stewardship, transparency, and growth. All with one vision in mind: to be the team and technology that investors trust to build tax-efficient real estate wealth.

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