Starboard Realty Advisors

Starboard Realty Advisors is a privately held, fully integrated real estate investment firm headquartered in Irvine, California. It acquires, develops and manages property and syndicates it to investors, including 1031 exchange investors buying into Delaware Statutory Trusts.

The firm buys multifamily, multi-tenant retail shopping centers and NNN lease properties across the United States, targeting well-located assets where current rents have growth potential and the purchase price sits below replacement cost. Two hold profiles run in parallel: stabilized properties held seven to ten years for 1031 exchange clients, and value-add properties held one to five years. Acquisition, development, leasing, repositioning, management, financing and disposition are handled in-house.

Starboard was founded in January 2014 in Irvine. Its own timeline records passing $100M in acquisitions in March 2018 with an apartment purchase in Richland, Washington, 500 multifamily units in June 2019, both $250M in acquisitions and 1,000 units in August 2021, 500 investors with the full syndication of The Dylan DST in April 2022, and $500M in acquisitions in May 2022. It currently reports 1,904 multifamily units and 1,963,750 square feet under management, and says its principals have more than 30 years of cycle-tested experience.

DST and syndicated offerings carry sponsor fees and loads and are sold as securities to qualifying investors, so read the offering documents and fee schedule before comparing a Starboard DST to buying a replacement property directly. Ask how a specific offering is classified: the seven-to-ten-year exchange profile and the one-to-five-year value-add profile behave very differently at exit.