Peachtree Group Launches Fifth Delaware Statutory Trust, Providing Prime Opportunity for 1031 Exchange Investors

ATLANTA--(BUSINESS WIRE)--Sep 23, 2024--

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. This follows Peachtree’s successful closing of its Home2 Suites by Hilton Atlanta Sugarloaf DST in August.

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Peachtree Group 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 (pictured). (Photo: Business Wire)

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.

The Residence Inn Tampa Wesley Chapel is situated in Pasco County, a rapidly growing suburban community approximately 20 miles from downtown Tampa. According to industry sources, the county's population grew by nearly 9% from 2020 to 2023, making it one of the fastest-growing counties in Florida, driven by both residential and commercial development.

“The hotel’s prime location in the Wiregrass Ranch master-planned community, combined with its proximity to the Wiregrass Ranch Sports Campus, makes it a valuable addition to our growing portfolio of DST properties,” said Tim Witt, president of 1031 Exchange/DST Products at Peachtree. “With activities and tournaments at the 98,000-square-foot sports complex boosting weekend business for the hotel and Pasco County’s investment in expanding the facility, we anticipate strong demand from both leisure and business travelers.

“Further bolstering our off-market acquisition is the fact that it was recently appraised for nearly $900,000 above our purchase price,” Witt said.

Peachtree's five DST acquisitions, including the 130-key Home2 Suites by Hilton Atlanta Sugarloaf, 100-key Courtyard by Marriott Atlanta Kennesaw, 126-key Home2 Suites by Hilton Chandler in the Phoenix MSA, 98-key Hilton Garden Inn in Jackson, Tenn., and the recently acquired Residence Inn Tampa Wesley Chapel, total over $150 million in debt-free real estate transactions.

These acquisitions align with Peachtree’s core DST investment strategy, which focuses on recognized hotel brands in high-growth markets, value-add opportunities and properties managed by experienced hotel management teams, ensuring strong potential for long-term success.

“Positive secular trends in travel are fueling long-term growth in the hospitality industry. The rising middle class, a focus on experiential travel and the expansion of the work-from-anywhere culture are driving demand for unique and extended stays. 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 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.

About Peachtree Group

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. 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/20240923440546/en/

CONTACT: Charles Talbert

678-823-7683

ctalbert@peachtreegroup.com

KEYWORD: GEORGIA ARIZONA FLORIDA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY LODGING FINANCE ASSET MANAGEMENT TRAVEL PROFESSIONAL SERVICES REIT

SOURCE: Peachtree Group

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