Peachtree launches fifth Delaware Statutory Trust property

PEACHTREE GROUP LAUNCHED its fifth hotel property structured as a Delaware Statutory Trust with the acquisition of the 128-key Residence Inn Tampa Wesley
Chapel in Wesley Chapel, Florida. This follows the purchase of its Home2 Suites by Hilton Atlanta Sugarloaf DST in August.

Peachtree’s DST acquisitions allow 1031 exchange investors to reinvest proceeds from the sale of appreciated real estate, defer taxes and maintain exposure to
the growing hotel sector.

“The hotel’s prime location in the Wiregrass Ranch master-planned community, combined with its proximity to the Wiregrass Ranch Sports Campus, makes it a
valuable addition to our growing portfolio of DST properties,” said Tim Witt, Peachtree’s president of 1031 exchange and DST products. “With activities and
tournaments at the 98,000-square-foot sports complex boosting weekend business for the hotel and Pasco County’s investment in expanding the facility, we
anticipate strong demand from both leisure and business travelers. Further supporting our off-market acquisition is the fact that it was recently appraised
for nearly $900,000 above our purchase price.”