Peachtree Group Seeks to Raise $71.6M With Pair of DST Offerings
Peachtree Group is seeking to raise a combined $71.6 million through two new Delaware statutory trust offerings, bringing the total value of its DST offerings to approximately $525 million since the company launched the program in 2022, the firm said.
PG St. Louis Industrial DST, launched in July, and PG Cape Canaveral DST, launched in August, are Peachtree’s 14th and 15th DST offerings, respectively.
PG Cape Canaveral DST is anchored by a 150-room Holiday Inn Express located across from Port Canaveral, a property the company said benefits from lodging demand tied to the cruise port, Kennedy Space Center, and Cape Canaveral Space Force Station. The DST seeks to raise approximately $48.2 million from accredited investors. The hotel adds to a hospitality-focused DST lineup that has included PG Phoenix West DST, a SpringHill Suites offering that was Peachtree’s ninth DST when it launched last July.
PG St. Louis Industrial DST consists of a newly constructed, 48,206-square-foot Class A industrial facility in the St. Louis metro area, fully leased to Cummins Inc., which Peachtree describes as an investment-grade global power solutions company, under a 15-year net lease with contractual annual rent increases. The offering seeks to raise approximately $23.4 million from accredited investors. The DST follows Peachtree’s $91.5 million Savannah-area industrial DST backed by a Hasbro lease in March and its $27.85 million Dallas-Fort Worth industrial DST last fall, in what Peachtree characterized as a broader push into the sector.
Both offerings have a minimum investment requirement of $100,000. The purchase price for the DSTs’ properties was not disclosed.
“Our investors are looking for more than tax efficiency. They want access to high-quality real estate with durable income potential and professional management,” said Greg Friedman, managing principal and chief executive officer of Peachtree. “Our DST platform has been built to deliver institutional-quality investments across sectors where we have deep operating and investment expertise, giving investors access to opportunities that are often difficult to source on their own.”
“We continue to expand our DST platform with investments that meet the same underwriting standards we apply across our broader real estate business,” said Tim Witt, president of 1031 exchange and DST products at Peachtree. “By maintaining a disciplined approach to asset selection across multiple property sectors, we’re building a broader pipeline of institutional-quality opportunities that help investors achieve their long-term investment objectives.”
Peachtree is a commercial real estate investment firm active in acquisition, development, and lending; the firm said it has executed more than $9.7 billion in total transactions since its inception.
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