
Starboard Realty Advisors
DST sponsorfirst SEC filing 2015starboard-realty.com
Counted by Top1031 from SEC Form D filings · updated Oct 15, 2026 · Record Card evaluated Oct 12, 2026
4 completed sales; 0 losses or impairments; 4 counted Programs.
Starboard Realty Advisors has sponsored 18 Delaware Statutory Trust (DST) programs found in SEC Form D filings since 2015, most often multifamily properties. Today its SEC filings show two active offerings; the newest was first filed on Mar 2, 2026.
Starboard Realty Advisors DST offerings (2 active)
Active means an SEC filing in the last 15 months and not reported fully subscribed. It does not confirm you can still invest.
Ask a specialist about these offeringsStarboard Realty Advisors Record Card
Starboard Realty Advisors
4 completed sales; 0 losses or impairments; 4 counted Programs.
Completed sales 4Losses or impairments 0Counted Programs 4
Of 18 Programs, 4 count toward the Grade: 4 completed sales and 0 losses or impairments. The lines below describe all Programs, including those outside the Grade count.
- Programs found in SEC fundraising filings (Form D)
- 18
- Share of programs over 3 years old whose status we confirmed
- 80%
How does Starboard Realty Advisors build its deals?
From 2 of Starboard Realty Advisors’ offering documents (Aug 2025–Feb 2026). These are the sponsor's own tables, not the Record Card's counts above.
- How complete is the track record in its offering documents?
- Record with gaps
Some losses are described only in the text.
- How often did past exits return less than investors put in?
- Not shown in its offering documents
- How many current programs pay less than the sponsor projected?
- 40% or more of the 10–49 programs in its tables
As reported by the sponsor.
- Can its affiliate buy investors out?
- Yes, in all 2 offerings reviewed
- Does its own master tenant pay the rent?
- Yes, in all 2 offerings reviewed
- Can investors remove the manager?
- Only for cause, in all 2 offerings reviewed
About Starboard Realty Advisors
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.Sources: starboard-realty.com · Web page · 2014 · altswire.com · Web page · 2024 · Top1031 sponsor record · altswire.com · Web page · 2025 · sec.gov · SEC filing · 2026 · prnewswire.com · Press release · 2021 · +1 more
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.
Show sources (7)Hide sources (7)
- starboard-realty.com · Web page · 2014 ↗ Sponsor disclosure
- altswire.com · Web page · 2024 ↗ Sponsor disclosure
- Top1031 sponsor record ↗
- altswire.com · Web page · 2025 ↗ Sponsor disclosure
- sec.gov · SEC filing · 2026 ↗ Public record
- prnewswire.com · Press release · 2021 ↗ Sponsor disclosure
- prnewswire.com · Press release · 2021 ↗ Sponsor disclosure
Starboard Realty Advisors track record (18 programs)
Every program found in SEC Form D filings. Programs with a reported result are listed first, then the rest by first filing year. Each row links to its SEC filings.
Show all 18 programsShow fewer
Starboard Realty Advisors news
More Starboard Realty Advisors coverage (12)
Starboard WA Multifamily III DST sold in September 2023
Event: Sep 2023 · Top1031
Questions about Starboard Realty Advisors DSTs
- Does Starboard Realty Advisors have DST offerings available now?
- Starboard Realty Advisors’ SEC filings show two active DST offerings, with stated offering sizes from $21.3M to $22.6M. Active means an SEC filing in the last 15 months and not reported fully subscribed. It does not confirm you can still invest. The newest was first filed on Mar 2, 2026.
- How many DST programs has Starboard Realty Advisors sponsored?
- Top1031 found 18 Starboard Realty Advisors programs in SEC Form D filings. The first was filed in 2015. Each is listed in the track record on this page with a link to its SEC filings.
- What kind of property does Starboard Realty Advisors put in its DSTs?
- Of the 11 Starboard Realty Advisors offering records on Top1031, six are multifamily.
- What is the minimum investment for Starboard Realty Advisors DSTs?
- Each of its active offerings with a stated minimum lists $25,000, as shown on each offering’s page.
- What results has Starboard Realty Advisors published for its DSTs?
- On its Record Card, two of its 18 programs sold with a result reported by the sponsor. Another three sold without a result reported by the sponsor. Sponsor-stated figures are as reported by the sponsor; Top1031 does not compute or estimate returns.
- How do I ask about Starboard Realty Advisors offerings?
- Use the “Ask a specialist about these offerings” button at the top of Starboard Realty Advisors’ offerings list on this page. Top1031 is not a broker-dealer or investment adviser and does not provide tax, legal, or investment advice.
Answers are generated from the counts on this page and change when the record changes.
Other multifamily DST sponsors
What can I do next?
Use the record as a starting point. Compare the current offerings or save them to your Watchlist.

