Starboard Realty Advisors Announces Second DST Offering in Columbus Market

Real estate investment firm Starboard Realty Advisors LLC has acquired Makley Place Apartments, a 140-unit multifamily community with three ground-level commercial units in Columbus, Ohio. The property is held within Starboard Makley DST, a Delaware statutory trust created for this offering. Through the DST structure, accredited investors have the opportunity to invest indirectly in the property. The private placement is seeking to raise $21.3 million.

“We are proud to bring Makley Place into the Starboard portfolio and provide our investors with access to a thriving market like Columbus. This acquisition aligns perfectly with our mission to deliver institutional-quality real estate offerings that combine stability, growth, and attractive risk-adjusted returns,” said Dan De Leon, president and chief operating officer of Starboard.

Completed in 2022, Makley Place includes studio, one-bedroom, and two-bedroom units  and features contemporary interior finishes such as stainless-steel appliances, granite countertops, wood-style plank flooring, pendant lighting, and private patios or balconies. Units also include in-home washers and dryers and walk-in closets for added convenience.

Starboard leadership said that Makley Place residents will benefit from modern amenities, including a 24/7 fitness center, a clubhouse with meeting and co-working spaces, two outdoor entertainment courtyards with grilling stations, fire features, televisions, lounge seating, and a resident lounge. Secure keyless entry controls access to the building, as well as garage and bike storage.

Located in Columbus’s “Eds & Meds” district and within walking distance of The Ohio State University and the expanding Wexner Medical Center – which is undergoing a $1.9 billion expansion expected to generate thousands of jobs by early 2026 – Makley Place offers strategic proximity to major employment hubs. The submarket continues to see steady demand, with projected rent growth of 2.4% and current occupancy around 93.6%.

Columbus’ economy includes a GDP exceeding $182 billion and a corporate landscape that supports five Fortune 500 companies.

This marks Starboard’s second DST acquisition in the Columbus market. In April, the firm fully syndicated a DST offering in the region – Starboard Elan DST – that raised $28.1 million in equity from accredited investors.

Headquartered in Irvine, Calif., Starboard Realty Advisors acquires, manages, develops and operates multifamily, multi-tenant retail shopping centers and single tenant triple net properties.

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