Colorado Growth 1 - Holly Ridge DST is a 1031 exchange Delaware statutory trust sponsored by Walton Global Holdings. It buys about 70.5 acres of agricultural land at State Highway 7 and Holly Street in unincorporated Adams County, Colorado, all cash, for about $4.5 million. The plan is to hold the land for appreciation and sell it to a national homebuilder or developer, likely in up to two installments, over a four to five year hold. The land earns only nominal rent, so investors should not expect distributions before a sale. Returns depend on the land's value and a buyer's appetite for annexation and entitlement risk.