Kodiak Capital Advisors Leverages Delaware Statutory Trust (DST) to Acquire Plano Hobby Lobby Store
— November 17, 2016
KODIAK CAPITAL ADVISORS LEVERAGES DELAWARE
STATUTORY TRUST STRUCTURE TO ACQUIRE PLANO HOBBY LOBBY STORE
Firm also sells three properties in Dallas-Fort Worth Metroplex
DALLAS (Nov. 17, 2016) Kodiak Capital Advisors, LLC (KCA), a Dallas-based commercial real
estate investment and asset management company, recently acquired a property in
North Texas, which was purchased utilizing the 1031 Delaware Statutory Trust
(DST) structure. This property is a newly constructed,
54,370-square-foot Hobby Lobby store located at the southeast corner of West
Plano Parkway and West Park Boulevard near Willowbend in Plano, Texas.
are excited to have completed our first acquisition using the DST ownership
structure, said Scott Landers, Kodiak Capital Advisors Executive Vice
President. DSTs are becoming a preferred trend of ownership by 1031
investors. We are one of a few active
sponsors in the U.S. offering commercial real estate properties utilizing this
structure. Purchasing the Hobby Lobby property
is the first of many DST transactions we are planning for 2017.
DST is a structure that is created for ownership purposes, which can also be
referred to as an Unincorporated Business Trust. It is offered as a 1031
exchange replacement property for accredited investors seeking to defer capital
gains taxes, and as a straight cash investment for investors wishing to
diversify their real estate holdings.
DST structure allows smaller investors to own an undivided beneficial and fractional
interest in commercial real estate properties of institutional quality and
are many advantages to investing in a 1031 DST property. One main advantage is
it permits an investor to combine equity from the sale of their property along with
the equity of other investors to purchase larger and unique properties. Through
1031 DSTs, investors of all sizes can have access to more diverse properties
normally not available to them, said Landers.
addition to the acquisition of Hobby Lobby, Kodiak Capital closed on the sale
of three properties over the course of 2016:
Country Club Plaza is a 51,889-square-foot, mixed-use
center located in the north Dallas suburb of Frisco, Texas at the edge of
Stonebriar Country Club and adjacent to the Westin Stonebriar Hotel. Scott
Landers from Kodiak Capital arranged the sale of the property.
Uptown Center, located at the intersection of Howell
and Worthington Streets in the Uptown submarket of Dallas, Texas. The building is a 111,274-square-foot, 10-story,
Class A, mixed-use office tower. Scott Landers from Kodiak Capital arranged the
sale of the property.
701 Highlander Office Building is a five-story, Class A office
building located in south Arlington, Texas along the I-20 Corridor with 72,518
square feet of office space. Scott Landers from Kodiak Capital arranged the sale
of the property.
About Kodiak Capital Advisors, LLC
Capital Advisors, LLC (KCA) is a commercial real estate investment and
management company specializing in 1031 DST real estate syndications and
property asset management services. Before founding KCA in 2016, Denny Landers
spent thirty-eight years syndicating and managing over $160 million of 1031
Exchange equity in Tenant-In-Common (TIC) co-ownership structures in over a
million square feet of commercial properties. For more information, visit www.kodiakcapitaladvisors.com.
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