Origin Completes Dallas DST Acquisition

Origin Investments has completed its first Delaware Statutory Trust (DST) acquisition as part of its newly launched Origin Exchange investment program. The trust utilizes the 1031 exchange, allowing investors to defer capital gains taxes.

Origin purchased The Starling from NRP Group. It is a 300-unit multifamily community developed in 2022, in northeast suburban Dallas. The Starling was approximately 92% occupied at the time of acquisition.

Origin’s Phil Schuholz added, “The acquisition was made below current replacement costs, and an even greater discount to replacement from two years ago.”

The Starling consists of 11 three-story, garden-style Class A residential buildings on a 12-acre site in Princeton, Texas. Starling features studio and one- to three-bedroom floorplans ranging from 622 to 1,399 square feet. Moreover, the property includes 30 detached garages, 56 carports and 454 parking spaces. Amenities consist of a swimming pool, two private business offices, a conference room, an entertainment area, a clubhouse and a dog park.