The use of this tax deferred program is typically only available to accredited investors
Potential DST Investor Benefits
- Capital Preservation and Appreciation
- Tax Deferral and Ongoing Tax Benefits
- Active to Passive Ownership
- Enhanced Diversification and Scalability
- Institutional Quality Investment Options
- Pre-Arranged Nonrecourse Financing, if applicable
- Turn Key Solution
The DST Solution
- A Delaware Statutory Trust (DST) is a business trust under Delaware law and must comply with the requirements of the IRS Ruling 2004-86 to provide the deferral of taxes.
- Properly managed 1031 exchange proceeds or direct investment dollars are invested in a DST and the investor receives all the applicable tax deferred benefits.
- The investment in the DST is Passive on the part of the investors, with any net income from the asset or assets held by the trust passed through monthly.
- The DST investors are not required to execute lender guarantees or indemnities given the purely passive relationship with the DST and the real estate.
- The Management responsibility along with all decision-making in a DST is vested with the sponsor-affiliated trustee through a master operating net lease agreement
- Investors have the potential to benefit from the enhanced scalability and diversification DST programs achieve.
- The DST owns 100% of the fee interest in the real estate, and investors execute one agreement, the trust agreement for the DST.
- In 2021, approximately $8 B of equity was invested in DST’s.
- Minimum Investments: 1031 Exchange $100,000 and Direct Investments $25,000
- For an interest in a DST to be treated as a direct interest in real estate for section 1031 purposes, the IRS has held that it must not be able to violate the “Seven Deadly Sins”.
- Given these restrictions, DST’s are not designed for all property classes. They are best suited for a long-term triple net basis and can be successfully used with a master lease structure for multifamily, retail and comparable properties.
Opportunity Zone Investments
The Opportunity Zone, a Bi-Partisan Bill, was created by the Tax Cuts and Jobs Act of 2017. The Program was designed to incentivize long term capital gains investments in disadvantaged communities nationwide. Capital Gains investments receive incentives when directed into a Qualified Opportunity Fund (QOF) which then invests the capital into the Designated Qualified Opportunity Zone. Incentives Include:
- Tax Deferral
- Tax Savings (Stepped Up Basis– Tax Savings)
- Tax Free Growth Potential
Disclaimer:
Capital Gains must be invested in a Qualified Opportunity Zone Fund within 180 days form the date of the sale or exchange that created the qualifying gain. Tax Benefits may vary depending on the length of time the asset is held for both the tax deferral, savings and forgiveness. Consult with your tax advisors as this information is not intended to be tax advice.