Driftwood Capital launches first DST platform
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Driftwood Capital Launches Delaware Statutory Trust Platform with Acquisition of Courtyard by Marriott Fort Lauderdale Weston
Driftwood Capital, a vertically-integrated commercial real estate investment firm focused on hospitality, announces the launch of Driftwood Hotel Income I, DST, its inaugural Delaware Statutory Trust platform, offering eligible investors with access to a quality hotel for 1031 exchange investors. The offering is expected to target approximately $23.9M in equity commitments and use approximately $17.75M of debt representing an expected loan-to-va…
Driftwood Capital launches first DST platform
Driftwood Capital has launched Driftwood Hotel Income I, DST, its inaugural Delaware Statutory Trust platform, offering eligible investors with access to a quality hotel for 1031 exchange investors. The offering is expected to target approximately $23.9 million in equity commitments and use approximately $17.75 million of debt, representing an expected loan-to-value ratio of approximately 43% LTV. The offering is anchored by the Courtyard by Mar…
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