Lending solutions, reliably executed.

Facilitate your business plan with creative financing solutions from a direct commercial real estate lender.

Financing options, made flexible.

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Bridge

Amount
$10MM - $100MM
Amortization
Interest Only
Loan To Value
Up to 80%
Loan To Cost
Up to 75%
Term
1 to 5 Years
Purpose
Acquisitions, Recapitalization, Construction Takeout, PIP/Renovation, Conversions, Gap Financing, DIP/Distress/Rescue Capital, Pre-Development
Guarantees
Recourse and Non-Recourse

Construction

Amount
$15MM - $100MM
Amortization
Interest only
Loan To Value
Up to 75%
Loan To Cost
Up to 75%
Term
2 to 5 Years
Purpose
Ground Up Construction, Acquisition & Horizontal Dev, NNN
Guarantees
Recourse and Non-Recourse

Mezzanine

Amount
$3MM - $20MM
Amortization
Interest only or matched to senior
Loan To Value
Up to 85%
Loan To Cost
Up to 85%
Term
Matched to senior loan
Purpose
Acquisitions, Recapitalization, Construction Takeout, PIP/Renovation, Conversions, Gap Financing, DIP/Distress/Rescue Capital, Predevelopment
Guarantees
Recourse and Non-Recourse

Preferred Equity

Amount
$3MM - $20MM
Amortization
N/A
Loan To Value
Up to 95%
Loan To Cost
Up to 95%
Term
NA
Purpose
Acquisition Recapitalization, PIP/Renovation/Rescue Capital, CMBS, Loan Assumption, Partner Buyout
Guarantees
N/A

CPACE/Retro CPACE

Amount
$1MM - $100MM
Amortization
Up to 30 Years
Loan To Value
Up to 35%
Loan To Cost
Up to 50%
Term
Up to 30 Years
Purpose
New Construction, Value-Add, Retroactive
Guarantees
Non-recourse and flexible prepayment

NNN

Amount
$2MM - $100MM
Amortization
Interest Only
Loan To Value
Up to 80% Finished Value
Loan To Cost
Up to 100%
Term
Up to 2 Years
Purpose
New Construction, Retail, Medical, Industrial
Guarantees
Recourse and Non-recourse

Permanent

Amount
$10MM - $100MM
Amortization
Interest only
Loan To Value
Up to 65%
Loan To Cost
Up to 65%
Term
5 to 10 years
Purpose
Acquisitions and Refinances (other scenarios considered)
Guarantees
Recourse and Non-Recourse

Sponsor testimonials.

See what Peachtree Group’s sponsors have to say about their experiences with us.

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"Working with the Peachtree Group team was a pleasure! Our firm has a lot of experience in commercial real estate and we have worked with many different financing structures and groups over the years. The team was very knowledgeable and professional in every way. This experience created a level of trust and respect that will lead to more business together."

Danny Aderholt
President
Century Equities

"You can trust Peachtree Group to close your deals. We were ready to close within 2 weeks on our first hotel acquisition when our initial lender pulled out unexpectedly. Throughout the process the initial lender kept raising the requirements such as increasing the interest rate and lowering the LTV due to the size of the PIP. We reached out to Peachtree Group and they worked diligently to structure a capital solution that worked for us, and we were able to acquire the hotel 3 weeks later. The entire team demonstrated a high level of integrity and they were a pleasure to work with during this stressful situation. We would absolutely use Peachtree Group again."

Tracy Prigmore
Managing Partner
TLTsolutions

"Working with Peachtree Group on a construction loan for a Home2 Suites has been a pleasure. Peachtree Group produces clever, unique and innovative solutions to financing. They understand the borrower’s needs and work hard to create great lending options. The entire process was smooth and I look forward to working with Peachtree Group on future projects."

Amar Patel
Principle
Lakeview Hospitality

"We want to thank everyone at Peachtree Group for being such a great capital partner to our Houston-based company, American Liberty Hospitality. Peachtree Group’s depth of experience in the hotel industry sets you apart from many competitors in your field. In our 44 years of developing, owning and managing hotels, you are the most knowledgeable capital group that we have every had the pleasure of working with."

Nick Massad Jr.
President & CEO
American Liberty Hospitality

"We have used Peachtree Group on several of our transactions. They are timely and knowledgeable and understand that time is of the essence in executing commercial transactions."

Azim Saju
Managing Member
HDG Hotels

"We have worked with Peachtree Group for over 5 years and have always had positive experiences. During this time, we have closed three loans with Peachtree Group, all complex, challenging and unique. They are proactive in their work, pay attention to details, while keeping sensitivity to timelines. All our deals were handled with diligence, care and utmost professionalism. More than anything they are wonderful people and we really enjoy working with them."

Guneet Bajwa
Managing Principal
Presidio Companies

"We have had a very positive experience working with Peachtree Group on the acquisition of our Doubletree Hotel downtown Atlanta. Peachtree Group provided preferred equity and worked closing with us to provide Seller with the surety of closing that they needed to go under contract with us. Since closing, we have found Peachtree Group to be professional and collaborative in our interactions as we have worked through our significant renovation and repositioning of the asset."

David Marvin
President & Founder
Legacy Ventures

"We had the opportunity to close a bridge loan with Peachtree Group in 2018 on our new Hilton Garden Inn Wesley Chapel. Throughout the process, the entire team provided professional support and guidance to ensure an on time closing. Their experience and business knowledge of our industry allowed for a smooth process. We highly recommend Peachtree Group and look forward to our next opportunity to work together."

Art Borowski
Chief Financial Officer
Emerald Hospitality Associates, Inc.

"We had an auction.com deal which we had to close quick and Peachtree Group went above and beyond to get the deal done. It was a pleasure working with Peachtree Group and will work with them again in the future."

Vic Patel
President
AU Hospitality

"We had a great experience working with Peachtree Group to close the construction financing on our latest hospitality project. As our needs evolved through underwriting they were very flexible and accommodated the structure we needed to comply with the requirements of our equity investors. Peachtree Group acted as tremendous partners throughout the process and we will definitely look to them for our financing needs again in the future."

Terry Bynum
COO
Doradus Partners

"We had a great experience with Peachtree Group due to their knowledge of the hotel industry. I look forward to future lending with Peachtree Group."

Kush Nathu
Ram Hotels

"We at Impact Properties have had the pleasure of working with the team at Peachtree Group for many years. During that time, they have provided over $50 million in debt financing for our portfolio. Their industry knowledge and years of experience enable them to find creative financing solutions for any situation. In addition to their industry expertise, their relationship and customer focus is one of their strongest traits. Throughout the process from origination to closing they have been strong partners, and find innovative solutions to structure around significant issues. This creative thinking and certainty of execution has benefited their borrowers, and made us confident that once we begin a transaction with Peachtree Group it will come to a successful closing. Above all, we respect the Peachtree Group team as trustworthy partners focused on their clients and their needs."

Dilip Kanii & Kish Kanji
Impact Properties, Tampa, Florida

"The team at Peachtree Group was tremendous in assisting me with acquiring an asset that required an out of the box capital solution. They are my first stop in the process of executing new projects. Peachtree Group is arguable the most sophisticated and experience hotel lending team in the country."

Chris Hagee
CEO & Founder
Hagee Hospitality Group

"Peachtree Group provided a construction loan for one of our Home2 Suites, and we look forward to future deals with them as well. It is a pleasure working with a lender that understands all facets of the hotel industry and the intricacies that arise."

Tom Roberts
Roberts Group

"Peach State Hospitality has had exceptional experiences with Peachtree Group over the years. Their continued efforts in providing industry leading financing options have been vital to our company’s growth. Furthermore, their ability to be mindful of timelines and execute accordingly have been of great value to us. The relationship we have developed over the two deals we have closed has laid a great foundation for future business. The team at Peachtree Group is committed, reliable, and flexible when needed and we would recommend them to anyone with hospitality financing needs."

Danny Patel
Peach State Hospitality

"Peachtree Group has been my primary investment vehicle for the past 5 years. The management team has always been engaging, responsive, trusting and investor focused. I look forward to executing more deals in the future."

Pete Patel
Cambridge Hotel Group

"Lexington Hospitality had an excellent experience working with Peachtree Group on the financing of our Aloft in downtown Columbia. We were very impressed with the entire team’s reliability, professionalism and honesty. They have the ability to think out of the box and close complex deals. We are currently working with them on other projects and strongly recommend Peachtree Group."

Raj Champaneri
COO
Lexington Hospitality

"It has been my privilege to work with Peachtree Group since their inception and with the principals for several years prior. I have always found them to be professional, reliable and a completely honest and “go to” group for our capital needs. Their innovative and can-do approach to lending solutions has made them an invaluable partner in our development program."

Billy Brown
CEO
LodgeCap

"In all my time in the hospitality business I have never had such a seamless and smooth loan transaction. Peachtree Group team’s dedication and attention to getting the transaction closed on time was unsurpassed. They committed to it upfront and got it done. I look forward to working with them on my next deal."

James Flagg
Ocean Park Hotels

"I’ve enjoyed closing many transactions with Peachtree Group over the last five years. Peachtree Group has an extremely experienced team of professionals with over 100 years of experience in the “niche” hospitality lending industry and it shows during the entire process. Their ability to structure highly complicated transactions are second to none. What truly sets them apart from competitors is their professionalism, attention to detail and ability to make adjustments when curve balls are thrown their way. I would highly recommend Peachtree Group to anyone who is considering them for their hospitality related financing needs and looking forward to closing more deals in the future."

Tim Moore
NT Capital LLC

"I want to thank each member of the Peachtree Group team for all of the hard work and dedication with re-financing my Hampton Inn & Suites & La Quinta Inn & Suites in Aberdeen, MD. Peachtree Group moved quickly to take advantage of the opportunity and worked diligently to close the transaction under a tight timeline. The result of this transaction is a great outcome for Crossroads Hospitality Inc and Megha Inc. Your firm is a first class organization."

Sonny Patel
Crossroads Hospitality

"I met Peachtree Group two years ago through our CFO when Innisfree Hotels was the victim of a broken deal with another capital company two weeks before closing. We had deadlines for opening our $45mm beachfront hotel for the season. Peachtree Group came through with just a few weeks of intense DD and we met our deadlines for opening. The professionals at Peachtree Group understand the macro and micro levels of complex projects and deliver what they say. Now two years later and after another $84mm in additional projects, we have grown Innisfree Hotels through some top tier products in high barrier to entry markets thanks to Peachtree Group."

Julian MacQueen
Founder and CEO
Innisfree Hotels

"HOS Management has now closed 2 deals with Peachtree Group and the experience has been great. They’re knowledge of the industry and their experience on the hospitality side has allowed our company to get deals done quickly. The entire team has been very responsive, thorough, and more importantly understand the business."

Kris Patel
HOS Management / Development

"Closing a loan with Peachtree Group was an extremely smooth and efficient process. Their team is well versed in mezzanine Loans which in conjunction with their hospitality background allowed for an intricate financing process to become proficient. The entire team is a pleasure to work with and we look forward to working with Peachtree Group on future projects."

NIKESH SHAH
President
Southern Hospitality MGMT & Development

"At EPELBOIM, we had the great opportunity to work with the Peachtree Group team for a construction loan on our EVEN Hotel Atlanta. Greg Friedman and Michael Harper, in particular, were highly professional and sophisticated development partners. In addition, the entire Peachtree Group team resolved any issues that arose during construction efficiently and timely. They are an outstanding lender."

Noel Epelboim
CEO - President
Epelboim

"Construction financing is challenging in today’s market. While PACE has proven to be a cost-effective use of capital, it’s difficult to find senior lenders that will consent to the PACE loan. Peachtree Group provided a seamless execution on both first mortgage and C-PACE financing that allowed me to execute on my development plans for both a Courtyard by Marriott and a Tru by Hilton. Utilizing Peachtree Group for both pieces of the capital stack created great efficiencies and made the underwriting and closing process easy."

Rohit Ranchhod
President/CEO
American Hospitality Services

"Peachtree Group was the obvious choice for us based on our shared level of mutual trust and respect. Combined with their desire for a win-win in every situation, we knew that Peachtree Group would provide creative solutions that would get our hotel over the finish line."

Nick Massad III
Vice President Development
American Liberty Hospitality

"We set very aggressive growth goals for our company but were in need of additional equity to accomplish them. Fortunately, Peachtree Group had faith in our development and operational track records and worked with us to provide preferred equity that solved our capital needs. The Peachtree Group team is extremely knowledgeable about providing gap financing that has allowed us to significantly increase our presence in the New York tri-state area by adding five new hotels to our portfolio, as well as an AC in the San Diego’s Gas Lamp District."

Brad Honigfeld
CEO
Briad Group

"Peachtree Group understood our short closing timeline and dedicated several members of their team for a smooth process. It took little time to get their hospitality team up to speed with our vision and onsite to fully vet the property and the hotel market. The Peachtree Group closing team was extremely knowledgeable and was willing to get creative with all parties when needed. We’re looking forward to pursuing future deals with their team."

Daniel Pinheiro
Chief Business Development Officer
Braintree Group

"We were referred to Peachtree by some of our investors, who had successfully worked with their team on other projects. From inception to closing to actual servicing, the Peachtree team has been extremely professional, thorough, and accommodating in meeting our ongoing needs. The Peachtree team has been an excellent partner for BlueStar Studios and their guidance and expertise has been a tremendous help to our business."

Mark Parkman
Managing Partner
BlueStar Studios

"In all my time in the hospitality business I have never had such a seamless and smooth loan transaction. Peachtree team’s dedication and attention to getting the transaction closed on time was unsurpassed. Peachtree committed to it upfront and got it done. I look forward to working with them on my next deal."

Jim Flagg

"Ethan Capital had a very positive experience with our loan closing with Peachtree Group. The team there was patient and helpful with navigating us on our first PACE loan and the closing helped us complete our project. We would highly recommend working with Peachtree Group."

Alan Wu
Ethan Capital

"Working with Peachtree Group on a construction loan for a Home2 Suites has been a pleasure. Peachtree produces clever, unique and innovative solutions to financing. They understand the borrower's needs and work hard to create great lending options. The entire process was smooth and I look forward to working with Peachtree on future projects. "

Amar Patel

"Peachtree was a true partner as we worked through the closing process on our loan – their intimate familiarity with the hospitality asset class was vital in the closing process, as they understood what we were trying to achieve with the financing and were able to tailor the loan’s structure to meet those objectives. The loan was closed during a time of dislocation in the capital markets, and despite this backdrop they closed efficiently and without surprises. I would absolutely recommend Peachtree to other hotel owners in need to debt capital from a financing partner who has a first-hand understanding of the business."

Jordan Scheiman
Managing Director
Highline Hospitality

"Engaging the Peachtree Group team to close the Downtown Austin Cambria Hotel and Limestone Rooftop construction loan was seamless and allowed us to break ground and start construction in a timely matter. We look forward to working with the Peachtree Group on our future hospitality developments."

Andrew Wood
Principle
Stratus Development Partners

"We have closed two loans with the Peachtree Group and our experiences with them couldn’t have been more positive. Great business starts with great people and the team of professionals we’ve dealt with at Peachtree Group are top notch. Knowledgeable, informative, and always diligently working towards the betterment of your deal with a cooperative team approach. We sincerely look forward to our next deal with Peachtree Group."

Dennis Cavallari
Cavallari Group

"Working with the Peachtree Group was one of the smoothest transaction processes I have experienced in my years of doing Commercial Real Estate. Our closing was expedient and extremely friendly, despite it being a complex transaction involving numerous stakeholders. Where most lenders would have overcomplicated things, Peachtree was able to step in and quickly wrap their heads around the execution. Their team was professional, well organized, and enthusiastic about getting things across the finish line as quickly as possible, and the administration of our loan in the time since has been stellar."

Kenyon Burnham
KDM Development

"In all our dealings with Peachtree we found their people to be exceptionally knowledgeable and responsive. "

Danny C. Aderholt
President
Century Equities, Inc.

"I want to take a few moments to express our appreciation for the professionalism of the Peachtree team. When we are approached you your competitors, we tell them they are second in line behind Peachtree Group. To date, you have been our only PACE provider. Our reason is simple, Peachtree Group delivers. They do so consistently, with professionalism, courtesy and a personal touch that is rare. Your team is outstanding, from Jared Schlosser and his internal team to your attorneys and engineers. "

John Frew
President/CEO
Frew Development Group

"During COVID, we had a lender who was uncomfortable with one of our loans. The loan had always performed, but it was a small lender, and the loan was large for this lender. We started learning about C-PACE loans and started working with Jared Schlosser at Peachtree. Our hotel had been open about two and a half years. Jarrod told us about “retro C-PACE” and it worked out to be a good fit. The whole process went smoothly and took less than 90 days to Close. It was truly a “win” for us during a very difficult time.”"

Don Howard
H&W Management Company

"We were pleased to have the opportunity to work with the Peachtree Group on the bridge refinancing of our Hampton Inn. During the process, we found the team at Peachtree to be practical in their approach which facilitated our on-schedule loan closing. Our experience with the loan servicing team has also been excellent."

Stephen Field
LaGuardia Express

"As Trilogy began pivoting its core BTR business into Land Development, we needed an experienced lender with a wide array of structuring experience. Given our previous relationship, it was an obvious decision to work with the Peachtree team to close on our first land bank loan. The origination and closing teams provided a seamless transition from term sheet to closing, and best of all, no surprises! We look forward to working with Peachtree on many more loans in the future."

Jason Joseph
CEO/ Managing Partner
Trilogy Investment Company

“Jared Schlosser and the team at Peachtree have been great to work with year over year whether in a bind or just need to bridge the gap on a project. They always do what they say they are going to do, and they get it done quickly. I will continue to use them repeatedly when conventional financing means are not available, or I need a quick close.”

Billy Gilchrist
Chief Financial & Investment Officer
ARK Holdings

“We’ve closed two PACE hotel construction loans with Peachtree and on both occasions enjoyed a very smooth closing process which was characterized by clear and consistent communication and meeting or beating all deadlines. In both cases they were pencils-down and ready to close long before the senior lender was, despite the complexity of PACE lending. I cannot recommend Peachtree strongly enough for all of your PACE lending needs.”

Joe Haupt
C.E.O./President

桃树 新闻和见解。

新闻稿
学分/cPACE
5 分钟阅读

Peachtree Group Surpasses $1.0 Billion in CPACE Financing

Peachtree Group has reached a significant milestone in Commercial Property Assessed Clean Energy (CPACE) financing, surpassing the $1.0 billion mark.
Title Image explaining Peachtree Group Surpasses $1 Billion in CPACE Financing

ATLANTA (Dec. 9, 2024) – Peachtree Group (“Peachtree”) has reached a significant milestone in Commercial Property Assessed Clean Energy (CPACE) financing, surpassing the $1.0 billion mark—a distinction shared by only a select few companies in the industry. In 2024 alone, Peachtree completed 22 CPACE transactions across the U.S., surpassing its previous record for CPACE originations.

"In 2019, we launched CPACE, and today we've surpassed our first billion—a testament to the exceptional team and the strength of Peachtree’s vision,” said Jared Schlosser, Peachtree’s Executive Vice President of Hotel Lending and Head of CPACE. “Our strong foundation has not only fueled Peachtree’s success in CPACE financing but also solidified its position as a leader in the broader commercial real estate lending market.”

In the most recent loan origination rankings by the Mortgage Bankers Association, Peachtree was ranked as the seventh-largest commercial real estate investor-driven lender in the U.S.

Quote Card that says "Our strong foundation has not only fueled Peachtree's success in CPACE financing but also solidified its position as a leader in the broader commercial real estate lending market" quoted by Jared Schlosser EVP of Hotel Lending and Head of CPACE

The firm’s $1.0 billion in CPACE financing is rooted in hospitality, which remains its largest segment comprising approximately 45% of its total. However, Peachtree has successfully expanded into other sectors, particularly residential communities (including multifamily, student housing and senior living), which now represent 22% of the portfolio or $220 million. Additionally, the firm has executed numerous CPACE transactions across industrial, mixed-use and office sectors, showcasing its versatility.

“In this challenging lending market, CPACE financing has emerged as a crucial source of liquidity for all commercial real estate sectors. This financing option is becoming increasingly essential as owners grapple with looming debt maturities and limited refinancing opportunities,” Schlosser said.

Commercial real estate remains in a turbulent period with trillions of dollars in debt maturing and refinancing becoming increasingly difficult due to tighter lending standards from traditional lenders. These challenges are reshaping the industry and forcing property owners to seek alternative financing solutions.

“CPACE has been a game-changer, offering long-term fixed-rate financing that lowers the cost of capital while enabling property owners to pursue energy-efficient upgrades with reduced financial strain,” Schlosser said. “Peachtree is proud to lead the way in expanding access to this innovative solution, helping owners across all commercial real estate sectors.”

In just over a decade, CPACE has reached a cumulative $7.2 billion in U.S. commercial real estate financings, according to PACE Nation, confirming the growing market adoption and acceptance of this financing tool.

About Peachtree Group
Peachtree Group is a vertically integrated investment management firm specializing in identifying and capitalizing on opportunities in dislocated markets, anchored by commercial real estate. Today, the company manages billions in capital across acquisitions, development and lending, augmented by services designed to protect, support and grow its investments.For more information, visit www.peachtreegroup.com.

新闻稿
DST
5 分钟阅读

Peachtree Group Expands Hospitality Portfolio with Launch of New DST Investment in Iconic St. Augustine

Peachtree Group has announced the acquisition of its sixth hotel property structured as a Delaware Statutory Trust (DST) with the 90-key Home2 Suites by Hilton St. Augustine I-95 in the greater Jacksonville, Fla., area.

Facade Rendering of St Augustines Home2Suites by Hilton

ATLANTA (Dec. 3,2024) - Peachtree Group (“Peachtree”), a leading commercial real estate investment firm with a multi-billion-dollar portfolio of equity and debt investments, has announced the acquisition of its sixth hotel property structured as a Delaware Statutory Trust (DST) with the 90-key Home2 Suites by Hilton St. Augustine I-95 in the greater Jacksonville, Fla., area. This latest DST offering is the third to close this year following the completion of the Residence Inn Tampa Wesley Chapel DST in November.

 

Peachtree’s 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 historic charm and vibrant economy, St. Augustine draws millions of visitors annually, creating year-round demand for hospitality services.

 

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 — spanning diverse, high-growth markets — demonstrate the company’s expertise in identifying strategic opportunities within the hospitality sector. These acquisitions, including the recently launched Home2Suites by Hilton St. Augustine I-95, represent approximately $175 million in debt-free real estate transactions.

 

“Our focus on recognized hotel brands, value-add opportunities and Peachtree’s experienced hospitality management team ensures long-term potential for investors,” Witt said.

 

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.

This property features institutional-quality construction, spacious suites with extended-stay amenities and strong brand recognition. Located just minutes from St. Augustine’s historic downtown, the hotel offers convenient access to top attractions, including the Castillo de San Marcos, St. Augustine Premium Outlets and pristine beaches.

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.

About Peachtree Group
Peachtree Group is a vertically integrated investment management firm specializing in identifying and capitalizing on opportunities in dislocated markets, anchored by commercial real estate. Today, the company manages billions in capital across acquisitions, development and lending, augmented by services designed to protect, support and grow its investments. For more information, visit www.peachtreegroup.com.

 

Contact:

Charles Talbert                                                                                                                              

678-823-7683
ctalbert@peachtreegroup.com

 

Securities offerings are distributed by Peachtree PC Investors, LLC, member: FINRA/SIPC. This announcement does not constitute an offer to buy securities.  DST Interests are illiquid, speculative and involve a high degree of risk. Prospective Investor should consult with his, her or its own tax advisor regarding an investment in DST Interests and the qualification of his, her or its transaction under Section 1031 for his, her or its specific circumstances.                

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