Delaware Statutory Trust
Revenue Ruling 2004-86 gave life to this structure. Tired of dealing with tenants, toilets, trash, taxes, termites, and turn over? Most people like these transactions because this structure allows you to get rid of all these traditional management issues of owning real estate while at the same time enabling you to keep all the same benefits of real estate ownership. Benefits such as appreciation, depreciation, step up in basis upon passing. Often times this is achieved, while at the same time increasing cash flow.