Peachtree Appoints President to Head Newly Launched 1031 Exchange DST Program
Peachtree Group, a private equity firm and sponsor of non-traded alternative investments, has hired Tim Witt as president of the company's newly launched 1031 exchange Delaware statutory trust program.
Peachtree Group, a private equity firm and sponsor of non-traded alternative investments, has hired Tim Witt as president of the company’s newly launched 1031 exchange Delaware statutory trust program.
Witt has more than 25 years of experience with a focus on alternative investments and previously served as chief investment officer of DAI Securities,
“As we expand our array of high-quality, diversified investment strategies, we wanted to create 1031 exchange DSTs to provide tax deferral strategies in the hospitality sector,” said Greg Friedman, Peachtree’s CEO and managing principal. “To strengthen our vertically integrated investment platform that will benefit our stakeholders, we knew Tim’s experience building out alternative investment platforms would be the perfect fit to launch our program.”
Before joining DAI, Witt served as CIO of Concorde Investment Services, and before that, was a legislative director at the United States House of Representatives during the 113th Congress. He began his career as a Wall Street equity analyst and has been recognized by the Wall Street Journal as an “all-star analyst.” Witt holds FINRA Series 7, 24, 86, 87, 16, 79, 63 and 65 securities licenses and is a member of the Alternative & Direct Investment Securities Association (ADISA) and the Institute for Portfolio Alternatives (IPA).
Peachtree’s 1031 exchange DST program will invest in “high-quality, institutional-grade hotels” in the U.S. Peachtree Hospitality Management, a division of Peachtree, is expected to operate any properties acquired as part of the program
“We anticipate significant growth and appreciation in the hospitality sector, driving values above pre-pandemic levels. Also, real estate offers an excellent alternative investment channel for those seeking an inflation hedge. We strongly believe hospitality is the most investable asset in the market today, and we anticipate being able to achieve outsized returns,” Friedman added.
Peachtree Group is a private equity firm focused on deploying capital across its operating and real estate divisions, including hospitality, commercial real estate lending, residential development and capital markets. Since its founding in 2008, the company has completed hundreds of real estate investments valued at more than $7 billion in total market capitalization and currently has $2.3 billion in equity under management.
