In May, we introduced Origin Exchange, a program that aims to simplify the 1031 exchange process and benefit investors by focusing only on institutional quality DST assets and offering a reduced fee structure. Now, we are excited to unveil the program’s first DST opportunity, The Starling, a 2022-built, 300-unit, class A recently delivered development in the rapidly growing McKinney/Princeton submarket of Dallas, Texas.
In addition to the quality and location, The Starling also offers a rare opportunity to invest in a property developed on land owned by an existing Public Facilities Corporation (PFC) structure. This arrangement provides a 100% property tax abatement for 99 years in exchange for offering affordable units to residents earning income below the median income threshold. This structure has potential significant upside for investors as property taxes in Texas account for 40%-50% of all ownership costs.
On this webinar, Vice President of Origin Exchange Michael O’Shea and Vice President of Acquisitions Phil Schuholz review the Starling’s key offering terms, dig deeper into property details and conclude with a live Q&A.
