Delaware Statutory Trust Investing

[Frank Piscitelli]

Investment Info:

Large multi-family (5+ units) other investment.

Purchase price: $400,000
Cash invested: $182,000

Purchase of fractional interest in a Delaware Statutory Trust property.

What made you interested in investing in this type of deal?

Desired a 1031 exchange into passive, turnkey, fractional real estate ownership.

How did you finance this deal?

Delaware Statutory Trust properties typically provide prearranged sponsor financing. No need for mortgage application or qualification.

What was the outcome?

In hold period.

Lessons learned? Challenges?

Delaware Statutory Trust investing is ideal for someone who wants to reduce active management burden and yet remain a real estate investor with the same economic benefits except on a fractional basis.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

DST sponsors: Passco and Bluerock.