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Kodiak Capital Advisors Leverages Delaware Statutory Trust (DST) to Acquire Plano Hobby Lobby Store

— November 17, 2016

Media Contact:

Mallory Wendel

Cooksey Communications

972-580-0662 x14

mallory@cookseypr.com

 

 

KODIAK CAPITAL ADVISORS LEVERAGES DELAWARE STATUTORY TRUST STRUCTURE TO ACQUIRE PLANO HOBBY LOBBY STORE

Firm also sells three properties in Dallas-Fort Worth Metroplex

 

DALLAS (Nov. 17, 2016) Kodiak Capital Advisors, LLC (KCA), a Dallas-based commercial real estate investment and asset management company, recently acquired a property in North Texas, which was purchased utilizing the 1031 Delaware Statutory Trust (DST) structure. This property is a newly constructed, 54,370-square-foot Hobby Lobby store located at the southeast corner of West Plano Parkway and West Park Boulevard near Willowbend in Plano, Texas.

 

We are excited to have completed our first acquisition using the DST ownership structure, said Scott Landers, Kodiak Capital Advisors Executive Vice President. DSTs are becoming a preferred trend of ownership by 1031 investors.  We are one of a few active sponsors in the U.S. offering commercial real estate properties utilizing this structure.  Purchasing the Hobby Lobby property is the first of many DST transactions we are planning for 2017.

 

A 1031 DST is a structure that is created for ownership purposes, which can also be referred to as an Unincorporated Business Trust. It is offered as a 1031 exchange replacement property for accredited investors seeking to defer capital gains taxes, and as a straight cash investment for investors wishing to diversify their real estate holdings.

 

The 1031 DST structure allows smaller investors to own an undivided beneficial and fractional interest in commercial real estate properties of institutional quality and professional management.

 

There are many advantages to investing in a 1031 DST property. One main advantage is it permits an investor to combine equity from the sale of their property along with the equity of other investors to purchase larger and unique properties. Through 1031 DSTs, investors of all sizes can have access to more diverse properties normally not available to them, said Landers.

 

In addition to the acquisition of Hobby Lobby, Kodiak Capital closed on the sale of three properties over the course of 2016:

         Country Club Plaza is a 51,889-square-foot, mixed-use center located in the north Dallas suburb of Frisco, Texas at the edge of Stonebriar Country Club and adjacent to the Westin Stonebriar Hotel. Scott Landers from Kodiak Capital arranged the sale of the property.

         Uptown Center, located at the intersection of Howell and Worthington Streets in the Uptown submarket of Dallas, Texas.  The building is a 111,274-square-foot, 10-story, Class A, mixed-use office tower. Scott Landers from Kodiak Capital arranged the sale of the property.

         701 Highlander Office Building is a five-story, Class A office building located in south Arlington, Texas along the I-20 Corridor with 72,518 square feet of office space. Scott Landers from Kodiak Capital arranged the sale of the property.

 

About Kodiak Capital Advisors, LLC

Kodiak Capital Advisors, LLC (KCA) is a commercial real estate investment and management company specializing in 1031 DST real estate syndications and property asset management services. Before founding KCA in 2016, Denny Landers spent thirty-eight years syndicating and managing over $160 million of 1031 Exchange equity in Tenant-In-Common (TIC) co-ownership structures in over a million square feet of commercial properties. For more information, visit www.kodiakcapitaladvisors.com.

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11/17/16: Kodiak Capital Advisors Leverages Delaware Statutory Trust (DST) to Acquire Plano Hobby Lobby Store...



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