Multifamily is one of the most common property types we see in Delaware Statutory Trust (DST) offerings. While apartment communities can be attractive investments, not every multifamily property presents the same opportunity. When evaluating these investments, I look beyond the projected cash flow and anticipated returns to understand the underlying real estate, the assumptions driving […]
One of the most common questions investors ask me when reviewing a Delaware Statutory Trust is: What are the fees? It is an important question, but the answer is not as simple as looking for one percentage in the offering documents. A DST can have costs at acquisition, costs during the ownership period and costs […]
Written by Ashley Romiti | GCA 1031 A 721 DST is an investment structure that allows a real estate investor to sell a directly owned property, whether it is a single-family rental, multifamily property or commercial real estate, and eventually transition that investment into a REIT, or Real Estate Investment Trust. Section 721 of the […]
Written by Ashley Romiti | GCA 1031 Documents, deadlines and the questions I would ask each professional before closing a 1031 exchange into a Delaware Statutory Trust. When most investors think about a 1031 exchange, they think about the deadlines. Day 45. Day 180. Those dates matter. But when the replacement property is a DST, […]
How I Evaluate 1031 Replacement Property Options Written by Ashley Romiti | GCA 1031 When an investor comes to me with a pending 1031 exchange, I do not start by asking which Delaware Statutory Trust has the highest projected distribution or which replacement property happens to be available that week. I start with a different […]
1031 Exchange Identification Rules A 1031 exchange can allow a real estate investor to sell investment property and defer capital gains taxes by reinvesting into qualifying replacement real estate. But the tax benefits come with strict deadlines, and one of the most important parts of the process is properly identifying replacement property. Investors generally have […]
When reviewing Delaware Statutory Trusts, one of the first areas investors should understand is the sponsor. A DST sponsor is the firm responsible for acquiring the property, structuring the offering, managing the investment, communicating with investors, and eventually overseeing the exit. Because DST investors are passive owners, sponsor quality matters. It Is Not Just About […]
In a recent post, I wrote about why sponsor selection matters when reviewing Delaware Statutory Trusts. Sponsor selection is important, but it is only one layer of the review. The next layer is the real estate itself. A DST is still a real estate investment. Investors are purchasing a beneficial interest in a trust that […]
DST Vs Direct Real Estate: Which Is Better For A 1031 Exchange When real estate investors sell an investment property and want to defer capital gains taxes through a 1031 Exchange, one of the most important decisions they face is choosing the right replacement property. For many investors, the choice comes down to two major […]
What Are The 45-Day And 180-Day Rules In A 1031 Exchange? A 1031 Exchange can be one of the most effective tax-deferral strategies available to real estate investors, but it is also one of the most deadline-sensitive. Two of the most important rules are the 45-day identification rule and the 180-day exchange completion rule. These […]
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