Atlanta & Southeast News In Your Inbox
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Peachtree Group Appoints Former CIO Tim Witt to Head 1031 Exchange DST Program
Peachtree Group has welcomed Tim Witt as president of the company’s newly launched 1031 Exchange Delaware Statutory Trust program. He previously served as the company’s CIO of DAI securities.
“As we expand our array of high-quality, diversified investment strategies, we wanted to create 1031 Exchange DSTs to provide tax deferral strategies in the hospitality sector,” said Greg Friedman, Peachtree’s CEO and managing principal.
Before joining DAI, Witt served as CIO of Concorde Investment Services and, before that, was a legislative director at the United States House of Representatives. He began his career as a Wall Street equity analyst.
Peachtree’s 1031 Exchange DST program will invest in high-quality, institutional-grade hotels in the US.
“We anticipate significant growth and appreciation in the hospitality sector, driving values above pre-pandemic levels,” said Friedman. “We strongly believe hospitality is the most investable asset in the market today, and we anticipate being able to achieve outsized returns.”
- ◦People
