Peachtree acquires sixth DST hotel in St. Augustine, FL

PEACHTREE GROUP RECENTLY acquired its sixth hotel property structured as a Delaware Statutory Trust, the 90-key Home2 Suites by Hilton St. Augustine in the
greater Jacksonville, Florida. This is the third DST offering to close this year.

The company’s DST hospitality acquisitions provide opportunities for 1031 exchange investors to reinvest proceeds from the sale of appreciated real estate, defer
taxes and maintain an allocation in the hotel sector, Peachtree said in a statement.

“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, Peachtree’s president of 1031 exchange and DST products. “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.”