Starboard Makley DST
Investment Description
Starboard Makley DST holds Makley Place at 210 West 5th Avenue in Columbus, Ohio. The property contains 140 apartments and three retail suites in a building completed in 2022. The offering is organized as a Delaware statutory trust with an affiliated master tenant and property-management arrangements.
Key Facts
- Fundraising Status
- Open
- Sponsor Name
- Starboard Realty Advisors
- Location(s)
- Ohio
- Equity
- $21,310,000
- Debt
- $23,684,000
- LTV (investor offering)
- 52.64%
- Property Type
- Multifamily and retail
Source-document projections, not actual distributions. Income is operating cash divided by original offering equity and excludes sale proceeds. The December 15, 2025 supplement controls Y1 and average. Average covers 2026–2034; partial 2025 and the unreconciled 2035 source projection are excluded. Offering LTV = allocated debt / (offering equity + allocated debt). Figures reflect reviewed document dates, not current operating results. Projections are not guaranteed; availability is maintained separately. Evidence confidence is reported separately.
Sponsor Overview
Starboard Realty Advisors
Starboard Realty Advisors, LLC is the sponsor. The offering materials describe an Irvine, California-based real-estate platform with multifamily, retail and development activities. Affiliated entities provide asset management and administer the trust and master-lease structure.