Peachtree Group Launches Fifth Delaware Statutory Trust, Providing Prime Opportunity for 1031 Exchange Investors
Summary
ATLANTA--(BUSINESS WIRE)--Peachtree Group (“Peachtree”), a leading commercial real estate investment firm with a multi-billion-dollar portfolio of equity and debt investments, has announced the launch of its fifth hotel property structured as a Delaware Statutory Trust (DST) following the completed acquisition of the 128-key Residence Inn Tampa Wesley Chapel in the greater Tampa, Fla., area. Peachtree’s DST acquisitions present 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 strong allocation within the thriving hotel sector. These factors create a strong foundation for sustained growth and stability in the hotel sector, making it an attractive investment for the future,” Witt said. Peachtree Group is a vertically integrated investment management firm specializing in identifying and capitalizing on opportunities in dislocated markets, anchored by commercial real estate. Today, the company manages billions in capital across acquisitions, development and lending, augmented by services designed to protect, support and grow its investments.