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Independent research for accredited investors evaluating Delaware Statutory Trusts as 1031 replacement property. Sponsor due diligence, illiquidity, property-type breakdowns, and exchange mechanics.
NNN Properties: What the Structure Actually Asks of an Investor
Triple-net leases shift taxes, insurance, and maintenance to the tenant. Whether that trade-off fits depends on concentration risk and what passive really means.
5 min read / August 25, 2026
DST Fee Loads: What the Headline Number Misses
A DST's stated fee percentage is incomplete data. Here's how to decompose the load and decide whether acquisition basis changes the math.
5 min read / August 18, 2026
Multifamily DST: Structural Fit, Inflation Trade-offs, and the BTR Angle
Multifamily DSTs offer occupancy resilience and structural demand tailwinds, but absorb cost inflation differently than net-lease alternatives. A focused read on the decision.
8 min read / August 4, 2026
DST Fees: What Investors Are Actually Paying and How to Evaluate It
Fee load alone does not determine DST value. Where a sponsor acquired the asset matters as much as what they charge. Here is the decision framework.
8 min read / July 28, 2026
NNN Properties: The Decision Framework Before You Buy
Single-tenant NNN properties offer passive income and inflation hedges, but tenant concentration and entry costs shape the decision. Here is what to weigh.
5 min read / July 21, 2026
DST or Direct NNN: Where the Structures Diverge
Both structures can satisfy the like-kind requirement. The decision turns on management obligations, tenant concentration, timing, and financing.
4 min read / July 8, 2026
The Timing Problem a DST Is Built to Solve
Section 1031 clocks do not pause. Because the sponsor closes on the property before subscriptions open, a DST can close in days, not months.
3 min read / July 8, 2026
What a DST Is and Why It Counts as Like-Kind Property
A DST holds real estate in trust and passes fractional beneficial interests to investors. Revenue Ruling 2004-86 treats those interests as like-kind.
3 min read / July 8, 2026
How Should Investors Evaluate Tenant Credit in a NNN Lease?
In a NNN property, the tenant's creditworthiness is the primary risk variable, not the building. What to examine and why dark-store events matter.
4 min read / July 7, 2026
Which Asset Classes Actually Benefit From NNN Cost Passthrough?
Industrial, medical outpatient, multifamily, and self-storage carry different NNN profiles. Structural demand drivers separate the sectors.
3 min read / July 7, 2026
What Does a Triple-Net Lease Actually Transfer to the Tenant?
A triple-net lease shifts taxes, insurance, and maintenance to the tenant, but capital expenses like the roof stay with the owner.
3 min read / July 7, 2026
NNN Properties: The Structural Logic Behind Triple-Net Investing
Triple-net leases shift taxes, insurance, and maintenance to the tenant, but concentration risk and capital-expense exposure remain on the owner. A clear-eyed look at the tradeoffs.
3 min read / July 7, 2026
DST Basics: What Every 1031 Investor Needs to Decide Before the Clock Starts
A Delaware Statutory Trust converts a real property sale into a passive, diversified position, and closes in days, not months. The decision is whether that structure fits the investor's exchange situation.
3 min read / June 6, 2026
DST sponsor due diligence: fees, conflicts, and the questions that matter
The single biggest determinant of a DST outcome is not the property, it is the sponsor. Track record, fee load, debt structure, and conflicts of interest are the diligence inputs that distinguish a defensible reinvestment from a regrettable one.
5 min read / April 28, 2026
DST illiquidity, hold periods, and the exit question
A DST interest is a long-duration, structurally illiquid security. The realistic exit paths, sponsor-led sale, new exchange, UPREIT, or extended hold, matter more than the offering's projected distribution rate.
5 min read / April 27, 2026
DST property types: multifamily, industrial, net-lease, self-storage
The Delaware Statutory Trust market covers most of the institutional property pyramid. Knowing which sector your replacement is in, and what that sector's risk profile actually is, matters more than the headline distribution rate.
8 min read / April 26, 2026
What is a Delaware Statutory Trust?
A DST is a Treasury-recognized vehicle that holds title to investment real estate on behalf of fractional beneficial owners. For 1031 investors, it is the most common route to passive replacement property, with trade-offs that need to be priced before the 45-day clock closes.
7 min read / April 25, 2026