Financial News
Peachtree Group Successfully Closes Third Delaware Statutory Trust, Providing Prime Opportunity for 1031 Exchange Investors
Peachtree Group, a leading commercial real estate investment firm with a $6.4 billion portfolio of equity and debt investments, announces the successful closure of its third hotel property structured as a Delaware Statutory Trust (DST) with the completed acquisition of its 98-key Hilton Garden Inn in Jackson, Tenn.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240206570521/en/
Peachtree Group, a leading commercial real estate investment firm with a $6.4 billion portfolio of equity and debt investments, announces the successful closure of its third hotel property structured as a Delaware Statutory Trust (DST) with the completed acquisition of its 98-key Hilton Garden Inn in Jackson, Tenn. (pictured) (Photo: Business Wire)
The Hilton Garden Inn is well located in West Tennessee, offering direct access to diverse demand drivers in the area.
"The hotel's strategic location near healthcare and manufacturing jobs, including Ford's planned $5.6 billion Blue Oval City, along with a diverse collection of entertainment and retail destinations, establishes it as a valuable addition to our expanding portfolio of DST properties," said Tim Witt, Peachtree Group's president, 1031 Exchange/DST Products.
This strategic acquisition presented a compelling opportunity for 1031 exchange investors seeking to reinvest proceeds from the sale of appreciated real estate while enjoying tax deferral benefits and maintaining a robust allocation to real estate.
Since forming its DST program in Aug. 2022, Peachtree Group has quickly become a top-15 sponsor in the securitized 1031 exchange marketplace, according to a year-end market equity update from Mountain Dell Consulting.
The other two DST acquisitions included the 100-key Courtyard by Marriott Atlanta Kennesaw (Atlanta MSA) and the 126-key Home2 Suites by Hilton Chandler (Phoenix MSA). These two properties also benefit from strong, growing and diversified demand drivers.
All three acquisitions, totaling more than $83.8 million in real estate-related transactions, were acquired debt-free.
Peachtree Group underscores its commitment to innovation and investor satisfaction, aligning with the core principles of the 1031 exchange and offering investors a seamless avenue to transition capital gains into a new passive investment, particularly within the thriving hotel sector.
"Hotels represent an enticing investment due to the enduring secular trends that propel them forward. The anticipated growth in travel-related expenditure, expected to grow from $10 trillion to $15 trillion over the next decade, fuels the optimistic outlook. Moreover, hotels stand to benefit from the enduring imbalance between growing demand and slower supply, further solidifying hotels' position as a resilient investment," Witt said.
About Peachtree Group
Peachtree Group is an investment firm driving growth with a diverse portfolio of commercial real estate assets and other ventures. The company has executed hundreds of investments since its inception, focusing on real estate acquisition, development and lending valued at almost $9.7 billion in total market capitalization. Today, Peachtree manages over $3.4 billion in capital, augmented by services designed to protect, support and grow its investments. For more information, visit www.peachtreegroup.com.
Securities offerings were distributed by Peachtree PC Investors, LLC, member: FINRA/SIPC. This announcement does not constitute an offer to buy securities. DST Interests are illiquid, speculative and involve a high degree of risk. Prospective Investor should consult with his, her or its own tax advisor regarding an investment in DST Interests and the qualification of his, her or its transaction under Section 1031 for his, her or its specific circumstances.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240206570521/en/
Contacts
Charles Talbert
678-823-7683
ctalbert@peachtreegroup.com
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.