Sponsor dossier
Who is behind the offering
Sponsor strength
Starboard Realty Advisors
Starboard Realty Advisors brings more than 50 years of hands-on real estate operating experience with $479,212,462 in current AUM. Offering documents confirm its role as DST sponsor, though historical syndication metrics are not individually itemized.
• Village Green manages 4,917 units spread across 21 properties in the Columbus market. • Mr. Carlton managed properties totaling approximately 1.6 million square feet in New England and worked on acquiring the “Flatley” portfolio for approximately $500 million. • Charles Dunn Company manages 30 million square feet of commercial properties in California, including office, retail, industrial, self-storage and multi-family properties, within which Mr. Winn managed a portfolio of Class A office and grocery-anchored shopping centers and served as Regional Manager of the Orange County office.
Properties owned or managed
$479,212,462
Across all programs
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Prior DST offerings
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DST-held assets
Makley Place’s 140 units support 1.5 full-time employees for managerial and leasing functions, and onsite staff will be reduced from 2.0 to 1.5 employees by sharing staff with another nearby asset owned by the Master Tenant.
Disclosed headcount
multifamily residential community
Stated strategy
Scale vs peer sponsors
Bars show each measure as a share of the largest sponsor scale observed in the DST market. No peer benchmark dataset is wired in yet, so these are relative scale indicators only.
Starboard Realty Advisors has over 50 years of collective real estate experience and manages $479,212,462 in AUM. While active in DST structures, offering materials omit a dedicated standalone track record for past DST programs.
Sponsor strengths
3Principals possess over 50 years of hands-on real estate experience
Current assets under management exceed $479,212,462
Partnership with regional property manager overseeing 4,917 local units
Sponsor concerns
2No standalone historical performance table for past DST offerings provided in documents
Upfront acquisition fee of $1,226,200 collected at closing