March 12, 2025
1031 Capital Solutions Press Release
FOR IMMEDIATE RELEASE
March 12, 2025
1031 Capital Solutions Advises Client Group on $110 million DST Portfolio Purchase in a 1031 Exchange
Sacramento, California - Jason McMurtry and Richard Gann, Managing Partners of 1031 Capital Solutions, advised their clients’ purchase of a $110 million portfolio of 1031- qualified properties structured as Delaware Statutory Trusts (“DSTs”). The team served as investment advisors to the steering committee of a seven-partner group in Northern California to replace a portfolio of nine senior care facilities that sold for $111 million.
With the exception of one conventional replacement property, the partnership group reinvested the proceeds of the sale into seven DST programs comprising a mix of multifamily, storage, retail and industrial properties across multiple states. Overall, the exchange involved nine sales and 50 replacement transactions.
McMurtry and Gann also served as registered representatives to directly broker five of the seven DST investments, representing $54.5 million in equity and $61.7 million of total real estate value across 35 individual transactions.
The partnership steering committee awarded 1031 Capital Solutions the role of advisor in spring of 2024 after a competitive RFP process. The underlying partners include over thirty individuals spanning three generations, all tied to a small group of entrepreneurs dating back four decades.
“This transaction is a major milestone for our firm,” said McMurtry. “This also represents a record combined DST transaction for our broker-dealer. . .”
Richard Gann added, “Whether a client is selling a small rental condo or a multimilliondollar commercial portfolio, we have the expertise, resources and inventory to provide best-in-class service for their exchange.”
McMurtry and Gann operate from San Marcos, California and Seattle, Washington, respectively, with registered affiliates in the Los Angeles, Sacramento, Portland and Denver metro areas. They are Individual Advisor Representatives of Concorde Asset Management, LLC and Registered Representatives of Concorde Investment Services, LLC.
McMurtry and Gann are also the architects and principal owners of the web-based software platforms known as Alts Illustrator and Exchange Illustrator, designed to help financial and real estate professionals provide rental-property cash flow analyses, estimate capital gains, compare investment scenarios, illustrate NOI/cap rate sensitivity, and conduct DST offering due diligence.
Securities offered through Concorde Investment Services, LLC (CIS), member FINRA/SIPC. Advisory services offered through Concorde Asset Management, LLC (CAM), an SEC registered investment adviser. 1031 Capital Solutions is independent of CIS and CAM.