Starboard Realty Advisors Announces Launches $28.1M DST Offering in Ohio

Real estate investment firm Starboard Realty Advisors LLC announced a $28.1 million investment opportunity with Starboard Elan DST. This 1031 exchange qualified offering is comprised of Elan Park Apartments – a newly constructed, 252-unit, garden-style multifamily community located in Columbus, Ohio.

The minimum investment accepted from accredited investors is $25,000.

Headquartered in Irvine, Calif., Starboard Realty Advisors acquires, manages, develops and operates multifamily, multi-tenant retail shopping centers and single tenant triple net properties.

Built in 2023, Elan Park Apartments features a diverse mix of one- and two-bedroom units, each designed with modern finishes, including stainless steel appliances, wood-style plank flooring, granite countertops, tile backsplashes, pendant lighting, and private patios or balconies. Residents benefit from the added conveniences of in-unit washers and dryers, walk-in closets, and 9-foot ceilings, with select third-floor units showcasing vaulted ceilings.

The community has an array of amenities including a pool with a sunbathing deck, a fitness center, and a clubhouse and lounge. Elan Park also offers business stations with printing capabilities, an outdoor lounge with a firepit, a grilling pavilion, a private movie theater, a wet bar, a free arcade, a Starbucks coffee bar, an Amazon package center, and private garage parking with front-door access in select units.

“We are extremely pleased to present Elan Park Apartments to our investors,” said Bill Winn, chief executive officer of Starboard Realty Advisors. “This newly constructed property exemplifies the quality and attention to detail we seek in our DST offerings.”

Located in the Northeast Columbus/North Central Columbus Submarket, Elan Park Apartments benefits from its proximity to major developments like Intel’s $20 billion chip plants and Amazon Web Services’ $3.5 billion data centers. The submarket is also experiencing limited housing supply, with a projected 6.2% rent growth and 95.5% occupancy rate.

“We believe that Columbus’s robust economy, driven by major developments like Intel and Amazon Web Services, combined with the property’s premium amenities and strategic location, makes this an especially compelling investment opportunity in a market experiencing strong fundamentals and sustained demand,” added Winn.

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