Drafting a DST Master Lease

In a follow-up to their article published in the May Issue, the authors discuss some considerations for drafting master leases for DSTs utilized in like-kind exchanges.

22 minute read November 30, 2015 at 11:00 PM

Marisa Byram, Michael Donovan And Andrea Patton

In the May 2015 issue of this publication, we discussed the conversion of tenancies in common (TICs) to Delaware Statutory Trusts (DSTs) as a means of refinancing real estate projects with maturing loans while preserving the ability of the original TIC investors to dispose of their investment through a like-kind exchange in the future, and the general benefits and risks associated therewith.

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