10 Reasons Why We Like Chesapeake, Virginia

Over the last 3 months we have brought to market in cooperation with our joint-venture partners two all-cash/debt-free commercial properties in Chesapeake, Virginia and made them available to our accredited clients as Delaware Statutory Trust (DST) 1031 exchange offerings via Regulation D, Rule 506c. Here are 10 reasons we like Chesapeake, VA for our DST 1031 exchange and direct investor clients:

  • Chesapeake is the third largest city by population in the state of Virginia.
  • Chesapeake is part of the 1.7-million-person Hampton Roads area of Virginia.
  • Chesapeake was considered Hampton Roads’ fastest growing city over the past 5 years with a population of 238,000.
  • Chesapeake is in close proximity to the world’s largest Naval base, Naval Station Norfolk, which supports 75 ships alongside 14 piers and 11 aircraft hangars.
  • Chesapeake is in close proximity to the Port of Virginia, which is the sixth largest containerized cargo complex in the entire United States as well as the deepest water harbor on the US East Coast.
  • Over 50 international companies call Chesapeake home.
  • Chesapeake was ranked by SmartAsset as the #3 City Where Millennials are Buying Homes.
  • Chesapeake was ranked #19 among the Best Cities for Quality of Life by NerdWallet.
  • Chesapeake was ranked by the FBI as One of the safest cities in the United States.
  • Solid commercial real estate fundamentals with very high occupancy rates across multiple commercial real estate asset classes: Industrial 95%, Retail 94.9%, Office 92.3%.

Sources: Wikipedia.org, Chesapeake Virginia 2016 Annual Report, http://www.hreda.com, Hampton Roads Economic Development Alliance, www.nerdwallet.com 2014, www.smartasset.com 2016, FBI National Uniform Crime Report 2008, http://finance.yahoo.com/news/fitch-affirms-chesapeake-vas-gos-193100903.html

About Kay Properties and www.kpi1031.com 

Kay Properties is a national Delaware Statutory Trust (DST) investment firm. The www.kpi1031.com platform provides access to the marketplace of DSTs from over 25 different sponsor companies, custom DSTs only available to Kay clients, independent advice on DST sponsor companies, full due diligence and vetting on each DST (typically 20-40 DSTs) and a DST secondary market.  Kay Properties team members collectively have over 115 years of real estate experience, are licensed in all 50 states, and have participated in over 15 Billion of DST 1031 investments.

This material does not constitute an offer to sell nor a solicitation of an offer to buy any security. Such offers can be made only by the confidential Private Placement Memorandum (the “Memorandum”). Please read the entire Memorandum paying special attention to the risk section prior investing.  IRC Section 1031, IRC Section 1033 and IRC Section 721 are complex tax codes therefore you should consult your tax or legal professional for details regarding your situation.  There are material risks associated with investing in real estate securities including illiquidity, vacancies, general market conditions and competition, lack of operating history, interest rate risks, general risks of owning/operating commercial and multifamily properties, financing risks, potential adverse tax consequences, general economic risks, development risks and long hold periods. There is a risk of loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, potential returns and potential appreciation are not guaranteed.

Nothing contained on this website constitutes tax, legal, insurance or investment advice, nor does it constitute a solicitation or an offer to buy or sell any security or other financial instrument. If you are not the intended recipient of this message, any use, dissemination, distribution or copying of this communication is strictly prohibited. If you have received this communication in error, please immediately notify the sender and permanently delete all copies that you may have. Securities offered through Growth Capital Services, member FINRASIPC, Office of Supervisory Jurisdiction located at 582 Market Street, Suite 300, San Francisco, CA 94104.

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