DST 1031 Properties
Browse current Delaware statutory trust replacement options by asset class. Specific DST 1031 offerings are presented to accredited investors during the consultation process. Use the cards below to see what each asset class looks like, then talk to one of our advisors when you're ready to look at specific offerings.
Browse by DST Property Asset Class
Different asset classes serve different investor goals. Multifamily and self-storage tend to attract accredited investors looking for residential-driven cash flow. Net-lease and medical office tend to attract investors looking for long-term tenant credit and income predictability. Industrial fits investors comfortable with logistics tailwinds. Student housing fits investors who want demographic-driven occupancy. The cards below summarize each asset class. Click any one for a deeper look at how DSTs in that category typically work, what to weigh, and what our team looks for.
Multifamily
Apartment communities, build-to-rent, and senior housing in growth markets across the Sun Belt and Mountain West.
Multifamily Properties
Net-Lease
Single-tenant retail, industrial, and medical buildings with long-term leases and creditworthy tenants.
Net-Lease Properties
Industrial & Logistics
Last-mile distribution, warehouses, and light manufacturing facilities serving e-commerce and supply-chain demand.
Industrial Properties
Medical Office
On-campus and off-campus medical office buildings with healthcare tenant credit and recession-resilient demand.
Medical Office Properties
Self-Storage
Class A self-storage facilities in major metropolitan markets with stable cash flow and low operating intensity.
Self-Storage Properties
Student Housing
Purpose-built off-campus student housing serving major university markets with reliable demographic demand.
Student Housing PropertiesHow Our Team Evaluates a DST 1031 Property
Asset class is the starting point. Within each asset class, the specific deal matters more than the category. Below are the questions our advisors work through with every client before subscribing to any DST 1031, regardless of asset type.
- Who is the sponsor and what is their track record? Number of full-cycle DSTs sold and how those exits compared to original projections. Sponsor balance sheet and ability to support a property through a difficult period.
- What is the loan-to-value, the lender, and the loan maturity? Higher leverage amplifies both upside and downside. Loan maturity timing relative to projected hold period determines refinancing risk.
- What is the projected hold period and exit strategy? Typical DST hold periods are 3 to 10 years. Some sponsors offer Section 721 UPREIT conversion at exit; others sell directly. The exit path matters for tax planning.
- What are the projected cash-on-cash distributions, and what assumptions support them? Projections are estimates, not promises. The Private Placement Memorandum discloses the underwriting assumptions. Conservative projections that match historical sponsor performance are worth more than aggressive ones that don’t.
- What is the geographic and tenant concentration? A single-property DST with one tenant is more concentrated than a multi-property DST diversified across markets. Concentration risk should match the investor’s broader allocation strategy.
- What is the all-in load? Sponsor acquisition fee, broker-dealer commission, ongoing asset management fees, and disposition fee at sale. The PPM lays out every fee in detail. Total load varies meaningfully across DST sponsors we work with.
- Is there a 721 UPREIT exit option? Some DSTs offer the option to roll proceeds into REIT operating partnership units at exit on a tax-deferred basis. This adds an exit path that not every DST has.
Our advisors walk through these questions for every offering with you, alongside your CPA and attorney where appropriate. The PPM for any specific DST contains the full underwriting and disclosure detail. Read it before you subscribe.
Typical DST 1031 Property Characteristics
Across asset classes, most DST 1031 offerings share a few common characteristics. Knowing the typical shape of a DST helps set expectations before you see specific offerings.
- Property quality: typically Class A or institutional-quality assets, recently built or renovated, with proven cash flow.
- Acquisition status: the sponsor has already purchased the property, arranged financing, and prepared offering documents before the DST opens for subscription.
- Geography: major and growth metropolitan markets, often weighted toward the Sun Belt, Mountain West, and Southeast for demographic and tax reasons.
- Hold period: 3 to 10 years, controlled by the sponsor’s business plan.
- Distribution frequency: monthly distributions are the standard, paid from net property cash flow.
- Minimum investment: typically around $100,000 for 1031 exchange investors. Cash investors (non-1031) usually face higher minimums.
- Debt structure: non-recourse debt at the trust level, pre-arranged before subscription. Loan-to-value typically falls between 40% and 60%.
These are typical patterns, not rules. Specific offerings vary across all of these dimensions. The PPM for any DST captures the actual numbers.
