We recently brought to market, in cooperation with one of our joint-venture partners, an all-cash/debt-free commercial office property opportunity in Tampa, Florida. It is currently available to our accredited clients as a Delaware Statutory Trust (DST) 1031 exchange offering via Regulation D, Rule 506c.
Here are 12 reasons why we like Tampa, FL:
- Tampa is the number-one city people moved to in 2016 according to Realtor.com
- Tampa is located in the state of Florida which has NO STATE INCOME TAX and therefore investors in our Florida DSTs do not have to file out of state tax returns each year
- The Port of Tampa is the largest port in Florida and one of the busiest ports in North America
- Tampa recently secured an $3 Billion investment for a prodigious 10-year downtown revitalization project
- Tampa boasts a population increase of 12.3% over the last six years
- The Greater Tampa Bay Area contains over 4 million residents
- Tampa has an unemployment rate of 4.1%, which is well below the national average
- According to Money Magazine, Tampa is the best overall city in the Southeast, deemed an “urban gem”
- Tampa is served by three airports that provide efficient passenger air accessibility and service
- Among US cities, Tampa Ranks #2 for corporate services; #3 for digital services; #4 for research and development; and #5 overall in the entire United States
- Over 42,000 jobs were added in the last year, adding to Tampa’s diversified and balanced economy
- Tampa businesses enjoy an 18% lower tax burden than the US average providing for a flourishing business environment
Sources: 1) United States Census Bureau www.census.gov, 2) Wikipedia.com, 3) US Bureau of Labor and Statistics www.bls.gov, 4) Forbes.com, 5) Money Magazine Time.com/money, 6) Realtor.com, 7) Tampa Business Journal, 8) www.visittampabay.com, 9) www.tampabay.com, 10) www.stateofflorida.com/taxes 11) www.bizjournals.com/tampabay
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 be aware that this material cannot and does not replace the Memorandum and is qualified in its entirety by the Memorandum.
This material is not intended as tax or legal advice so please do speak with your attorney and CPA prior to considering an investment. This material contains information that has been obtained from sources believed to be reliable. However, Kay Properties and Investments, LLC, WealthForge Securities, LLC and their representatives do not guarantee the accuracy and validity of the information herein. Investors should perform their own investigations before considering any investment. There are material risks associated with investing in real estate, Delaware Statutory Trust (DST) and 1031 Exchange properties. These include, but are not limited to, tenant vacancies, declining market values, potential loss of entire investment principal.
Past performance is not a guarantee of future results: potential cash flow, potential returns, and potential appreciation are not guaranteed in any way and adverse tax consequences can take effect. Real estate is typically an illiquid investment. Please read carefully the Memorandum and/or investment prospectus in its entirety before making an investment decision. Please pay careful attention to the “Risk” section of the PPM/Prospectus.
IRC Section 1031, IRC Section 1033, and IRC Section 721 are complex tax codes; therefore, you should consult your tax and legal professional for details regarding your situation. Securities offered through registered representatives of WealthForge Securities, LLC, Member FINRA / SIPC. Kay Properties and Investments, LLC and WealthForge Securities, LLC are separate entities.
DST 1031 properties are only available to accredited investors (generally described as having a net worth of over one million dollars exclusive of primary residence) and accredited entities only (generally described as an entity owned entirely by accredited individuals and/or an entity with gross assets of greater than five million dollars). If you are unsure if you are an accredited investor and/or an accredited entity, please verify with your CPA and Attorney prior to considering an investment. You may be required to verify your status as an accredited investor.