DTW Air Cargo Logistics DST is a 1031 exchange Delaware statutory trust that holds, through a lower-tier Property Trust, a ground leasehold interest in a 466,483 square foot air cargo facility at Detroit Metropolitan Wayne County Airport in Romulus, Michigan, completed in 2024. The facility is subleased to Federal Express Corporation for 30 years to October 2054, guaranteed by FedEx Corporation. The deal is highly leveraged and all rent goes to debt service during the initial lease term, so investors should not expect cash distributions. Returns depend on the property's residual value and tax deferral for exchange investors.