LOS ANGELES, March 16, 2020 /PRNewswire/ — The client was a west coast owner of commercial property and was seeking to do a 1031 exchange into DST properties. The client decided to utilize the Kay Properties 1031 DST marketplace at www.kpi1031.com to reinvest his 1031 exchange proceeds due to the specialization and breadth of knowledge that the Kay Properties team provided.
The client’s 1031 exchange into DST properties was handled by Kay Properties team members Chay Lapin, Senior Vice President, and Steve Haskell, Vice President.
Dwight Kay, the founder and CEO of Kay Properties, stated, “We are pleased to have helped yet another large 1031 exchange investor complete his 1031 exchange. We have had the pleasure of helping investors complete hundreds of 1031 exchanges over the years and this was another example of a 1031 exchange investor seeking us out for help and guidance on DST 1031 exchange investments.”
Kay continued, “We would like to not only thank the client but also the eight different DST 1031 sponsor companies that we placed the client’s 1031 capital into their DST offerings. It is our deep relationships with over 25 different DST sponsor companies nationwide that allow us to provide such a turnkey 1031 solution for investors on the www.kpi1031.com marketplace.”
Chay Lapin, Senior Vice President of Kay Properties, stated, “Over the past decade, we have seen a growing amount of investors seeking passive investment vehicles with their 1031 exchanges. Clients are tired of the active management headaches and policy changes that have put a heavy burden on landlords within certain areas of the country.
“This particular client was heavily concentrated in one single asset and was looking to transition into becoming a passive investor with their 1031 exchange. The client was looking to diversify* out of a single asset class to many asset classes as well as to become geographically diversified*.
“At Kay Properties we have developed a deep understanding and long-term relationships with many DST sponsors to be able to provide potential solutions for investors that are seeking DST opportunities.
“For this client, we were able to successfully create a portfolio that consisted of three long-term net lease investment-grade distribution centers, three net lease medical-related properties, and 11 multifamily assets consisting of over 2,700 units.”
Steve Haskell, Vice President of Kay Properties, stated, “There is a growing number of investors searching out Kay Properties to help with their 1031 exchanges from $10-$100M into DST investments. They express to us their need for a specific capability that is highly unique to the DST industry and appropriate for their investor profile. First, this sort of investor desires to partner with a firm that contains a vast selection of 1031 DST solutions which includes both leveraged and debt free offerings from a variety of different 1031 DST exchange sponsor companies so as to create a truly diversified real estate portfolio*. Second, they are searching for specialists with years of experience in the 1031 DST industry that can help them clearly identify the risks and potential benefits of each opportunity. Finally, they want more than just the help of a single financial advisor salesman. This type of client desires the support of a team of experts found at Kay Properties that can oversee each step of the 1031 DST investment process so their exchange is executed smoothly and with minimal delay. Their Kay team includes seasoned senior vice presidents with hundreds of millions of dollars in DST 1031 exchange experience as well as a team of DST due diligence analysts, in house counsel, accounting, underwriters, contract specialists and investor relations.
“Chay and I are grateful to represent the www.kpi1031.com marketplace which is equipped with the resources to provide the care and attention required for both small and large 1031 exchange DST investors.”*Diversification does not guarantee profits or protect against losses.