I help you evaluate whether a DST fits your goals, walk you through available offerings, and guide the investment process from start to finish. As a registered representative with a FINRA member broker dealer, I'm required under Regulation Best Interest to recommend only investments that are in your best interest based on your financial situation, risk tolerance, and objectives. I also verify your accredited investor status and handle the subscription paperwork.

DSTs are sold as private securities offerings, so investors need to be accredited. That means a net worth over $1 million (not counting a primary residence) or income over $200,000 individually or $300,000 jointly. Minimums for 1031 investors often start around $100,000.

A Delaware Statutory Trust is a legal entity that holds institutional quality real estate, such as apartments, net lease retail, or industrial buildings. Under IRS Revenue Ruling 2004‑86, a beneficial interest in a properly structured DST counts as a direct interest in real estate. That means it qualifies as like kind replacement property.

Investors generally have three paths. They can complete another 1031 exchange into a new DST or property, cash out and pay the deferred taxes, or hold until death so heirs may receive a step up in basis. Some sponsors also offer a 721 exchange into a REIT, but that choice ends the ability to do future 1031 exchanges with that capital.

Tax and securities rules vary by situation, so these points work best as a starting framework alongside a CPA or tax attorney's review.

Before any offering reaches you, it goes through due diligence by my broker dealer, which reviews the sponsor's track record, the property, the financing terms, and the fee structure. From the approved offerings, I narrow down options that match what you need, whether that's steady income, a certain property type, a specific debt amount to replace, or geographic diversification.

No, and that's by design. Your qualified intermediary holds your sale proceeds and handles the exchange documents, while your CPA or tax attorney advises on the tax side. My role is to work alongside them, coordinating on timelines and identification deadlines so your exchange stays on track. I don't provide tax or legal advice, so I'll always encourage you to have them review your situation.

I stay involved for the life of the investment. I'll help you understand the sponsor's distribution and performance reports, answer questions as they come up, and start planning with you well before the property sells so you have time to decide on your next move, whether that's another exchange or a different path.