Delaware Statutory Trusts and 1031 Exchanges for Passive Investors with Brendan Tammany (Ep. 126)
Owning real estate can generate income and long-term wealth, but it can also entail management responsibilities, tax considerations, and difficult decisions when it’s time to sell.
What options are available if you want to keep real estate exposure without continuing to manage properties yourself?
In this episode, Evan Wohl and George Papanicolaou are joined by Brendan Tammany, Senior Vice President, Private Capital at Inland Securities Corporation, to explore Delaware Statutory Trusts (DSTs) and how they can fit into a real estate strategy.
They discuss how DSTs operate within 1031 exchanges, the benefits of passive ownership, the differences between DSTs and REITs, liquidity considerations, estate-planning opportunities, and how accredited investors can access institutional-quality real estate while avoiding many of the day-to-day responsibilities of property ownership.
Key takeaways:
- How Delaware Statutory Trusts allow investors to own fractional interests in commercial real estate
- Why DSTs can help simplify the 1031 exchange process for qualifying investors
- The differences between DSTs, REITs, and private credit investments
- How passive ownership removes landlord responsibilities and property management duties
- Why estate planning and step-up in basis considerations make DSTs attractive for some investors
- And more!
Connect with Evan Wohl:
Connect with George Papanicolaou:
- Opus Private Client, LLC
- gpapa@opus-pc.com
- LinkedIn: George Papanicolaou
- YouTube: OPUS Private Client, LLC
Connect with Our Guest:
About Our Guest:
Brendan Tammany, Senior Vice President, Private Capital, Inland Securities Corporation, is responsible for partnering with financial advisors in the North East to complete successful 1031 exchanges as well as cash investments with Inland Private Capital Corporation. He began his career at Inland in 2022 as a Regional Associate II and was promoted to Vice President, Hybrid Wholesaler in 2023. He was promoted to Vice President, Exchange Consultant in 2024.
Prior to joining Inland, Mr. Tammany was an Advisory Consultant for Macquarie Asset Management’s Mutual Fund sales team. He began his career in financial services in 2014 working as an M&A Analyst for a boutique Investment Banking firm GriƯin Financial Group. Mr. Tammany graduated from the University of Pittsburgh with a Bachelors of Science in Business Administration majoring in Finance. He holds Series 7, 63, 65, and 79 licenses with the Financial Industry Regulatory Authority (FINRA).
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