和顿宣布推出全新业务线 – 土地投资适用的增长 DST 1031交换 (1031 Exchange) 要约。这个适用于土地的DST 要约非常特别，其1031交换策略可让认可投资者延迟缴交资本增值税，并与美国顶尖建筑商共同购买土地以开发住宅社区。一般而言，DST 投资是把出售投资项目所得的收益转移到其他已开发的投资项目，例如一些提供低增长收入的商业大厦及公寓。

和顿策略为专注于全股权、增长型 DST ，以获得较传统DST 更高的潜在投资回报。而且，由于大多传统融资DST 设有还款限制，其持有期不能延长。

和顿利用其数十年土地收购经验，在美国高增长地区收购 DST 项目，按1031 税项规定持有项目以获得价值增长，并在持有期后推销项目予美国顶尖建筑商。

和顿第一个DST 要约为乔治亚州 Growth 1 DST，已推出予合资格投资者。其他要约预计在年内推出。

和顿集团资本市场高级副总裁 Todd Woodhead 表示：“由于当前资本化率和杠杆率波动，我们相信美国投资者对全股权、增长型 1031 交换的需求很大。 这个要约与市场上其他产品很不同。土地价值增长潜力预计远超于一般基于收入的1031 交换所得的收益，而我们的目标持有期为3至5年。我们希望通过短期离场策略带来增长，而非有如传统 DST 在较长的持有期后只带来少量回报收益。”

和顿相信，土地价值按市场状况具潜在增长，建筑商完成开发审批后，土地价值亦会上升。当建筑商签订买卖协议，他们便会展开土地开发审批工作，最终收购土地以兴建房屋。建筑商的土地投资将在销售时转移给 DST 投资者。

Todd Woodhead 补充：“DST 投资预料在未来数年很受欢迎。一些合资格投资者可考虑使用土地以满足其1031交换需求，以增长策略使投资组合多元化、延迟缴交资本增值税，并通过硬资产保留资金。由于全美房屋不足问题严重，房屋建筑商客户也可以在DST项目可供收购时购入这些土地项目以开发更多住房以满足需求。”

Offering Disclosure

The contents of this communication: (i) do not constitute an offer of securities or a solicitation of an offer to buy securities, (ii) offers can be made only by the confidential Private Placement Memorandum (the “PPM”) which is available upon request, (iii) do not and cannot replace the PPM and is qualified in its entirety by the PPM, and (iv) may not be relied upon in making an investment decision related to any investment offering by an issuer, or any affiliate, or partner thereof (“Issuer”). All potential investors must read the PPM and no person may invest without acknowledging receipt and complete review of the PPM.  With respect to any “targeted” goals and performance levels outlined herein, these do not constitute a promise of performance, nor is there any assurance that the investment objectives of any program will be attained. All investments carry the risk of loss of some or all of the principal invested. These “targeted” factors are based upon reasonable assumptions more fully outlined in the Offering Documents/ PPM for the respective offering. Consult the PPM for investment conditions, risk factors, minimum requirements, fees and expenses and other pertinent information with respect to any investment. These investment opportunities have not been registered under the Securities Act of 1933 and are being offered pursuant to an exemption therefrom and from applicable state securities laws. All offerings are intended only for accredited investors unless otherwise specified. Past performance is no guarantee of future results. All information is subject to change. You should always consult a tax professional prior to investing. Investment offerings and investment decisions may only be made on the basis of a confidential private placement memorandum issued by Issuer, or one of its partner/issuers. Issuer does not warrant the accuracy or completeness of the information contained herein. Thank you for your cooperation.

Securities are/will be offered through Walton RE Securities, LLC, registered broker dealer of record, member of FINRA (www.finra.org), member of SIPC (www.sipc.org).

Securities offered through Emerson Equity LLC Member: FINRA/SIPC. Only available in states where Emerson Equity LLC is registered. Emerson Equity LLC is not affiliated with any other entities identified in this communication.

1031 Risk Disclosure:

• There is no guarantee that any strategy will be successful or achieve investment objectives.
• Potential for property value loss – All real estate investments have the potential to lose value during the life of the investments.
• Change of tax status – The income stream and depreciation schedule for any investment property may affect the property owner’s income bracket and/or tax status. An unfavorable tax ruling may cancel deferral of capital gains and result in immediate tax liabilities.
• Potential for foreclosure – All financed real estate investments have potential for foreclosure.
• Illiquidity – Because 1031 exchanges are commonly offered through private placement offerings and are illiquid securities. There is no secondary market for these investments.
• Reduction or Elimination of Monthly Cash Flow Distributions – Like any investment in real estate, if a property unexpectedly loses tenants or sustains substantial damage, there is potential for suspension of cash flow distributions.
• Impact of fees/expenses – Costs associated with the transaction may impact investors’ returns and may outweigh the tax benefits