Peachtree Extends Hospitality Portfolio With St. Augustine DST
Peachtree Group, a commercial real estate investment firm with a multibillion-dollar portfolio of equity and debt investments, has announced the acquisition of its sixth hotel property structured as a Delaware statutory trust. PG St. Augustine DST seeks to raise nearly $24.4 million from accredited investors.
The purchase price was not disclosed.
The Home2 Suites by Hilton St. Augustine I-95 in the Greater Jacksonville, Fla., area is the third DST offering of Peachtree’s to close this year. As reported by The DI Wire, it launched the Residence Inn Tampa-affiliated PG Wesley Chapel DST in August 2024.
According to the company, its DST hospitality acquisitions continue to present compelling opportunities for 1031 exchange investors seeking to reinvest proceeds from the sale of appreciated real estate while enjoying tax deferral benefits and maintaining a strong allocation within the thriving hotel sector.
The Home2 Suites by Hilton St. Augustine I-95 benefits from its strategic location off I-95 and its proximity to St. Augustine, one of Florida’s most popular tourist destinations. Known for its charm and vibrant economy, St. Augustine draws millions of visitors annually, creating year-round demand for hospitality services. The hotel offers convenient access to top attractions, including the Castillo de San Marcos, St. Augustine Premium Outlets, and well-known beaches.
“With its premier location along the I-95 corridor, strong population growth in the surrounding area and St. Augustine’s rich historical and cultural appeal, this property is a natural fit for our DST portfolio,” said Tim Witt, president of 1031 exchange/DST products at Peachtree. “This extended-stay hotel is well-positioned to meet the needs of leisure and business travelers alike, offering a blend of modern convenience and comfortable accommodations.”
Peachtree’s six DST acquisitions represent approximately $175 million in debt-free real estate transactions. Peachtree emphasizes its commitment to offering investors tailored solutions aligned with 1031 exchange principles, enabling the seamless transition of capital gains into passive investments in the hospitality sector.
“Our focus on recognized hotel brands, value-add opportunities, and Peachtree’s experienced hospitality management team ensures long-term potential for investors,” Witt said.
Recent nearby developments, including mixed-use projects, healthcare facilities and luxury apartments, further enhance the property’s appeal and position for sustained demand in the years ahead.
With the launch of its sixth DST investment, Peachtree Group continues to lead in offering innovative real estate investment solutions. By capitalizing on positive secular trends in travel, inflation-resilient pricing models and the operational complexities of the hospitality sector, Peachtree delivers strong potential for long-term success and stability in its DST portfolio.
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