ATLANTA, Georgia—Peachtree Group has launched its newest resort property structured as a Delaware Statutory Belief (DST), the 114-key Residence Inn Ocean Township, situated alongside the Jersey Shore in New Jersey. This marks Peachtree’s eighth DST providing since launching this system in 2022.
“This newly developed property represents every part we search for in a DST providing: robust market fundamentals, a number one extended-stay model, and long-term upside pushed by secular tailwinds in journey,” mentioned Tim Witt, president of 1031 Trade/DST Merchandise at Peachtree.
Residence Inn Ocean Township is situated in Monmouth County, one of many wealthiest counties in the USA. The resort advantages from proximity to common seaside locations similar to Asbury Park, Lengthy Department, and Sandy Hook. The area’s various financial system drives constant lodging wants all year long. Wanting forward, Netflix is investing $900 million to redevelop close by Fort Monmouth into its major East Coast manufacturing hub, a mission anticipated to create 3,500 building jobs and 1,500 everlasting jobs, in addition to additional increase hospitality demand.
“With the opening of Residence Inn Ocean Township in 2024, we’re offering buyers entry to a debt-free, income-generating asset in a premier coastal market. It’s a strategic match for buyers in search of tax deferral via a 1031 alternate whereas preserving publicity to some of the resilient sectors in business actual property,” Witt mentioned.
Peachtree’s DST properties are an possibility for 1031 alternate buyers in search of to reinvest proceeds from the sale of appreciated actual property whereas deferring taxes and sustaining publicity to the resort sector. The agency’s eight DST choices whole greater than $220 million in debt-free actual property transactions.
Peachtree continues to align with the core ideas of the 1031 alternate, providing buyers a tax-efficient path to transition capital beneficial properties into passive income-producing actual property investments.
