Starboard Elan DST2024No public sale, full-cycle, or disposition announcement exists for Starboard Elan DST (Elan Park Apartments, 252-unit Columbus, OH multifamily); the Form D ran Nov 2024-Apr 2025, the AltsWire tag page for Starboard through 2025-2026 contains no Elan sale news, and Starboard has since launched a second Columbus DST in Aug 2025 without announcing a disposition of Elan [1][2][3].Source ↗As reported by the sponsor.
Starboard Arden DST2022JRW Investments' sponsor tracker lists Starboard Arden DST as 'Active' (not Full Cycle), and no full-cycle announcement has been published on AltsWire, PR Newswire, BusinessWire, or the sponsor's newsroom; the underlying 308-unit Arden Woods property (Spring, TX) is still held by the trust, and an active securities-fraud lawsuit investigation by White Law Group is ongoing.Source ↗As reported by the sponsor.
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Starboard Dylan DST2022JRW Investments' sponsor tracker lists Starboard Dylan DST as 'Active' (not Full Cycle), and no full-cycle announcement has been published on AltsWire, PR Newswire, BusinessWire, or the sponsor's newsroom; the underlying 227-unit The Dylan property (Fort Worth, TX) is still held by the trust, and an active securities-fraud investigation by Goodman Nekvasil P.A. is ongoing.Source ↗As reported by the sponsor.
Starboard Presidio DST2022JRW Investments' sponsor tracker lists Starboard Presidio DST as 'Active' (not Full Cycle), and no full-cycle announcement has been published on AltsWire, PR Newswire, BusinessWire, or the sponsor's newsroom; the underlying 140-unit Presidio at River East property (Fort Worth, TX) is still held by the trust.Source ↗As reported by the sponsor.
Starboard Harpers DST2021JRW Investments' sponsor tracker lists Starboard Harpers DST as 'Active' (not Full Cycle), and no full-cycle announcement has been published on AltsWire, PR Newswire, BusinessWire, or the sponsor's newsroom; the underlying 216-unit Harper's Retreat property (Conroe, TX) is still listed on the sponsor's current portfolio page.Source ↗As reported by the sponsor.
Starboard Jade DST2021JRW Investments' sponsor tracker lists Starboard Jade DST as 'Active' (not Full Cycle), and no full-cycle announcement has been published on AltsWire, PR Newswire, BusinessWire, or the sponsor's newsroom; the underlying 139-unit Jade at North Hills property (Menomonee Falls, WI), acquired March 31, 2021 for $24.1M per BizTimes, is still held by the trust.Source ↗As reported by the sponsor.
Starboard Mesa Ridge DST2021Listed as a completed/full-cycle program on Starboard Realty Advisors's published track record.Source ↗As reported by the sponsor.
Starboard Premier DST2020No disposition or full-cycle announcement found; the JRW Investments sponsor track-record page lists Starboard Premier DST as 'Active' with a 5.00% annual cash-on-cash distribution, consistent with continued ownership of the 122-unit Plano, TX multifamily property [1][2].Source ↗As reported by the sponsor.
Starboard Madison View DST2019No disposition or full-cycle announcement found; the JRW Investments sponsor track-record page lists Starboard Madison View DST as 'Active' with a 4.94% annual distribution, and the underlying Seattle property continues to be actively marketed for rent on Zillow/Redfin through 2024-2025 [1][2].Source ↗As reported by the sponsor.
Starboard WA Multifamily III DST2019No sponsor-stated result on record
Starboard Metro DST2018Listed as a completed/full-cycle program on Starboard Realty Advisors's published track record.Source ↗As reported by the sponsor.
Starboard Mountain Ranch DST2018Listed as a completed/full-cycle program on Starboard Realty Advisors's published track record.Source ↗As reported by the sponsor.
Starboard Lemon Grove DST2017No sponsor-stated result on record
Starboard Diagonal DST2015Listed as a completed/full-cycle program on Starboard Realty Advisors's published track record.Source ↗As reported by the sponsor.
Chapter 3
What is raising now?
Classified active by Top1031 from SEC filings. That does not confirm an offering is still available to buy.
Not confirmed yetAmount sold: not confirmed yet. Top1031 has not been able to confirm how much of this offering has sold.
Active
Multifamily
Makley Place ApartmentsMultifamily·Columbus, OHSEC filing, Sep 2, 2025
$21.3M
Not confirmed yetAmount sold: not confirmed yet. Top1031 has not been able to confirm how much of this offering has sold.
Active
Chapter 4
Who is behind this record?
Starboard Realty Advisors, LLC is a privately held, fully integrated real estate firm headquartered in Irvine, California, which the sponsor says was founded in January 2014 by William H. Winn Jr. and Stephen J. Carlton. Its stated scope covers acquiring, managing, developing and operating multifamily communities, multi-tenant retail shopping centers and single-tenant triple-net properties, with 1031-exchange capital placed through Delaware statutory trusts. Top1031 tracks 18 Starboard-sponsored trusts first filed between 2015 and 2026, including Starboard Makley DST, tied to a 140-unit Columbus, Ohio apartment acquisition reported in August 2025. Two Starboard apartment programs, in Richland, Washington and Atlanta, reached full-cycle sales in December 2021.
Sponsor-stated figures are as reported by the sponsor.Evidence 1234567
Written from SEC filings and cited sources
Firm and strategy
Starboard Realty Advisors, LLC describes itself as a privately held, fully integrated real estate firm headquartered in Irvine, California, founded in January 2014 by William H. Winn Jr. and Stephen J. Carlton 1. Its stated operating scope spans acquiring, managing, developing and operating multifamily communities, multi-tenant retail shopping centers and single-tenant triple-net properties 2. For 1031-exchange clients, Starboard says it primarily acquires stabilized properties for seven- to ten-year holds and value-add properties for one- to five-year holds 1. The firm also reports surpassing 500 investors through the full syndication of The Dylan DST 1.
Sponsored trusts
Top1031 tracks 18 Starboard-sponsored Delaware statutory trusts, with first filings running from Starboard Diagonal DST in 2015 through Starboard Elan DST in 2024, Starboard Makley DST in 2025 and Starboard Bradley DST in 2026 3.
Dated program events
AltsWire reported on August 22, 2025 that Starboard had acquired Makley Place Apartments, a 140-unit multifamily community in Columbus, Ohio with three ground-level commercial units, and placed it in Starboard Makley DST 4. An issuer filing dated March 2, 2026 for Starboard Bradley DST identifies Starboard Realty Advisors, LLC as the sponsor 5.
Sponsor-reported full-cycle sales
Starboard's release reports the December 14, 2021 sale of Badger Mountain Ranch Apartments in Richland, Washington, held through Starboard Mountain Ranch DST, and a 145% total return to investors 6. A separate Starboard release reports the December 9, 2021 sale of The Metro, a 200-unit Atlanta apartment community held through Starboard Metro DST, and a 128% total return to investors 7.
Banks on Bradley // New Construction Tri-Cities SaleBroker recap of the 144-unit brand-new Banks on Bradley asset in Richland, WA, sold at $34,500,000 ($239,583/unit) in stabilized institutional pricing to a 'LA-based DST equity partner' — property-level sale coverage for the underlying asset of the Starboard Bradley DST.
Starboard Realty Advisors Announces Second DST Offering in Columbus MarketStarboard Realty Advisors LLC acquired Makley Place Apartments, a 140-unit Class A mixed-use multifamily community in Columbus, OH with three ground-floor retail suites, as a private placement seeking to raise $21.3 million ($45M total) via the Starboard Makley DST for 1031-exchange investors.
Starboard Ridgeview DST ExamplesLists Starboard Ridgeview DST as a 112-unit single-family rental community in Fort Worth, TX, with loan of $16,176,000, investment cost ~$40,426,000, appraised value $33,300,000, and ~93% occupancy.
Starboard Ridgeview DST: Investor AlertLaw firm announces investigation into broker-dealer suitability issues for investors in the Starboard Ridgeview DST, referencing the 2023 Form D filing and $24,250,000 offering amount.
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