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- Peachtree Group Expands DST Portfolio with Residence Inn Tampa Wesley Chapel
Peachtree Group Expands DST Portfolio with Residence Inn Tampa Wesley Chapel
Slice of Real Estate Team
September 25, 2024
Key Highlights:
Peachtree acquires its fifth DST property, Residence Inn Tampa Wesley Chapel, in Florida.
Property benefits from its location in a rapidly growing Pasco County, near Wiregrass Ranch Sports Campus.
Acquisition appraised for nearly $900,000 above purchase price.
Peachtree's DST portfolio now exceeds $150 million in debt-free transactions.
Focus on hotel brands in high-growth markets and value-add opportunities.
Source: Business Wire
Notable Quote:
“Further bolstering our off-market acquisition is the fact that it was recently appraised for nearly $900,000 above our purchase price. 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. Positive secular trends in travel are fueling long-term growth in the hospitality industry."
Our Take:
Peachtree Group’s continued focus on the hotel sector through its DST strategy highlights the firm’s ability to identify and secure high-growth assets in dynamic markets. The acquisition of Residence Inn Tampa Wesley Chapel, with its strategic location and robust demand drivers, underscores the strength of Peachtree’s portfolio approach. Investors seeking to leverage 1031 exchanges for tax-deferral benefits will find Peachtree’s debt-free DST properties particularly compelling, as they offer both stability and growth potential in the hospitality industry’s evolving landscape.