Peachtree Expands Debt-Free DST Platform With New Jersey Hotel Offering

Peachtree Group has introduced a new hotel property, the 114-key Residence Inn Ocean Township, situated at the Jersey Shore in New Jersey, as a Delaware Statutory Trust (DST). This represents Peachtree’s eighth DST offering since the program’s launch in 2022.

Tim Witt, president of 1031 Exchange/DST Products at Peachtree, highlighted that the newly developed property meets the criteria they seek in a DST offering, with robust market fundamentals, a top extended-stay brand, and long-term growth potential fueled by travel trends.

The Residence Inn Ocean Township is located in Monmouth County, one of the wealthiest counties in the U.S., benefiting from its proximity to popular beach spots like Asbury Park, Long Branch, and Sandy Hook. The area’s diverse economy sustains consistent lodging demand year-round. Notably, Netflix’s $900 million investment in redeveloping nearby Fort Monmouth into its primary East Coast production hub is expected to create jobs and further drive hospitality demand.

Witt emphasized that the opening of Residence Inn Ocean Township in 2024 provides investors with an opportunity to access a debt-free, income-generating asset in a prime coastal market. It caters to investors looking for tax deferral through a 1031 exchange while maintaining exposure to the resilient commercial real estate sector.

Peachtree’s DST properties serve as an option for 1031 exchange investors aiming to reinvest sale proceeds from appreciated real estate, defer taxes, and stay connected to the hotel industry. With over $220 million in debt-free real estate transactions across their eight DST offerings, Peachtree remains committed to the core principles of the 1031 exchange, offering a tax-efficient route for investors to convert capital gains into passive income-generating real estate investments.