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1031 Book

Everything you need to know about the 1031 Exchange.

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Master Tenant vs. Delaware Trustee: Who Does What in a DST?

December 15, 2025 by johnpohly

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As you enter a Delaware Statutory Trust (DST) for tax-deferral and diversification benefits, you’ll learn lots of specifics, like the concept of the master tenant and the DST trustee. You may find these terms confusing because of their similarities, but the master tenant and trustee are two totally distinct parties. Knowing the differences helps you understand how your investment is managed and protected.

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