1031 Exchange Market Spotlight: Cary, North Carolina

There are many 1031 DST investment options available to clients in today’s market. One thing to always remember when buying real estate is location, location, location.

Here are some of the reasons why we believe Cary, North Carolina to be a great location to buy property:

Cary is home to some of the largest national and international employers, including the No. 1 multinational workplace in the world — SAS Institute. While technology companies reside in Cary, near Research Triangle Park, other industries such as manufacturing and healthcare employ a good portion of the talented workforce.

Top employers include:
SAS Institute, MetLife, Caterpillar, John Deere, Verizon Wireless, Siemens Medical Solutions USA, Kellogg’s Snacks, Affiliated Computer Services, Lord Corporation, Oxford University Press, DB Global Technologies, HCL Corp, ABB

Cary also enjoys the advantage of proximity to some of the nation’s top universities, including Duke University, North Carolina State University and the University of North Carolina at Chapel Hill, as well as numerous well-regarded local colleges. All in all, area institutions have an enrollment of nearly 200,000 students — each with diverse backgrounds and bright futures.

Cary’s growth has been a direct result of dedicated planning and budgeting. To maintain Cary’s high quality of life, nearly $500 million has been used to improve infrastructure projects including transportation, parks and recreation, and other resources. Our residents call Cary home for a number of reasons. Whether it is the unrivaled low taxes compared to surrounding areas, or the highly educated workforce, Cary has proven to attract those who not only care about growing, but growing smart.

Cary has repeatedly ranked among the top locations in North Carolina and the country to start a business, buy a house, raise a family and retire. Here, cultural, medical and infrastructure offerings of a big city meet the safety and friendliness of a tight-knit community.

Cary offers a diversity of housing options, including large-lot single-family dwellings, townhomes, condominiums and high-end apartments that attract 60-plus people a day to the area.

Source: http://caryeconomicdevelopment.com, http://google.com, http://www.city-data.com/, https://www.raleighnc.gov

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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