Delaware Statutory Trust (DST) investments can be effective 1031 replacement vehicles when properly structured, conservatively underwritten, sponsored by disciplined operators, secured by strong properties/locations, and purchased in the right phases of the market cycle.

They can also result in permanent capital loss.

With more than 27 years in 1031-qualified management-free real estate investing, participation in over $2 billion worth of transactions, and personal investment in more than 30 DST and TIC offerings, the perspective here is grounded in direct experience — both the successes and the mistakes.

I show investors and their advisors how DSTs actually perform in practice, so they can make informed decisions about their 1031 exchange options.