Peachtree Group has closed its third hotel property structured as a Delaware statutory trust (DST) with the completed acquisition of its 98-key Hilton Garden Inn in Jackson, Tenn.
The Hilton Garden Inn is well located in west Tennessee, offering direct access to diverse demand drivers in the area.
“The hotel’s strategic location near healthcare and manufacturing jobs, including Ford’s planned $5.6 billion Blue Oval City, along with a diverse collection of entertainment and retail destinations, establishes it as a valuable addition to our expanding portfolio of DST properties,” said Tim Witt, Peachtree Group’s president, 1031 exchange/DST products.
This strategic acquisition presented a compelling opportunity for 1031 exchange investors seeking to reinvest proceeds from the sale of appreciated real estate while enjoying tax deferral benefits and maintaining a robust allocation to real estate.
Since forming its DST program in August 2022, Peachtre