About Starboard
For nearly 40 years, the principals of Starboard Realty Advisors have helped investors access thoughtfully structured private real estate funds across the United State, each shaped by experience, seasoned judgment, and a deep respect for capital.
Private Real Estate Funds Built for Steady, Long-Term Capital
Headquartered in Irvine, California, Starboard is a privately held, fully integrated real estate investment firm built for investors who value experience, discipline, and alignment. Led by principals with more than 30 years of hands-on, cycle-tested execution, Starboard operates a comprehensive real estate investment platform spanning acquisition, financing, asset management, and disposition across retail, multifamily, office, and industrial properties.
Starboard structures private real estate funds designed to deliver durable income and long-term value through market cycles. The firm focuses on acquiring multifamily communities, multi-tenant retail centers, and NNN lease properties in markets where fundamentals support durable income and long-term value.
The firm targets well-located assets with clear rent growth potential that can be acquired below replacement cost, structuring investments to match investor objectives. This includes stabilized properties with longer-term hold periods of 7 to 10 years, often suited for 1031 exchange strategies, as well as select value-add opportunities with shorter 1 to 5-year horizons. In addition, Starboard selectively deploys bridge capital solutions to support transitional assets and unlock value where timing and structure matter most.
Across every investment, Starboard’s approach to private real estate funds remains consistent: disciplined underwriting, downside awareness, and thoughtful stewardship of investor capital.
Our Milestones
Starboard Realty Advisors Founded
Starboard Realty Advisors is founded in Irvine, California by William H. Winn Jr. and Stephen J. Carlton.
First Acquisition Completed
Starboard completes its first purchase with the acquisition of Diagonal Marketplace DST in Longmont, Colorado.
First NNN Property Acquired
Starboard acquires its first NNN lease property, marking an expansion into net-lease investments.
First NNN Property Sold
Starboard completes the sale of its first NNN asset, a KFC property in Lemon Grove, California, demonstrating early execution and disposition capability.
100 Investors Achieved
Starboard surpasses 100 investors following the full syndication of Florin Investors, LLC.
First Multifamily Acquisition
Starboard completes its first multifamily acquisition with the purchase of Badger Mountain Ranch Apartments in Richland, Washington.
$100 Million in Total Acquisitions
Starboard exceeds $100,000,000 in total acquisitions, reached with the purchase of Badger Mountain Ranch Apartments in Richland, Washington.
500 Multifamily Units Reached
Starboard surpasses 500 multifamily units with the acquisition of the Greenwood and Phinney Apartments in Seattle, Washington.
$250 Million in Total Acquisitions
Starboard exceeds $250,000,000 in total acquisitions with the purchase of Harper’s Retreat Apartments in Conroe, Texas.
1,000 Multifamily Units Reached
Starboard surpasses 1,000 multifamily units following the acquisition of Harper’s Retreat Apartments in Conroe, Texas
500 Investors Achieved
Starboard exceeds 500 investors with the full syndication of The Dylan DST.
$500 Million in Total Acquisitions
Starboard surpasses $500,000,000 in total real estate acquisitions with the purchase of a multifamily property.
Starboard by the Numbers
Investors deserve transparency, consistency, and a clear understanding of who they are partnering with. At Starboard, we share our track record openly as a reflection of how we approach real estate investing.
$600+ Million Assets Under Management
across a diversified portfolio of real estate strategies and structures
2,350+ Multifamily Units
actively managed across multiple U.S. markets
14 Delaware Statutory Trusts (DSTs)
12 fully syndicated
2 currently syndicating equity
4 completed full-cycle DSTs
23 ADU Properties Under Management
2 in lease-up
8 under construction
13 in design and permitting stages
1 completed full-cycle ADU investment
Full-Cycle ADU Results
Equity Multiple: 1.20x
IRR: 15.38%
Unlock Exclusive Access to the Fund
The Starboard Multifamily Income Fund I, LP is available to a select group of qualified investors focused on income, capital preservation, and long-term value creation.
Request access to review the fund overview and offering materials or schedule a discussion with the Starboard team to determine alignment with your portfolio.