Origin Investments has completed its first Delaware Statutory Trust (DST) acquisition as part of its newly launched Origin Exchange investment program.
Origin purchased The Starling, a 300-unit multifamily community developed in 2022, in northeast suburban Dallas. Positions in the DST, starting at $250,000, are being offered to owners of real estate interested in utilizing a 1031 exchange to step out of an actively managed property investment.
The Starling DST was 65 percent reserved prior to closing, which, according to Origin, shows that the mechanics of the DST process are working.
"This institutional-quality property meets the demands of 1031 exchange investors seeking to transition out of active management and into a professionally managed asset that maximizes long-term investment returns," said Michael O'Shea, vice president, Origin Exchange.