Kay Properties announces the completion of another 1031 exchange for a repeat client that sold farmland. This client had worked with Jason Salmon and Kay Properties several years ago for a similar 1031 DST transaction after selling their business as well as the real estate associated with it. This investor was comfortable with the previous results and was able to diversify into multiple DSTs once again for their 1031 exchange transaction.
The Delaware Statutory Trust exchange investments were completed by Jason Salmon, Kay Properties and Investments Senior Vice President and Managing Director of Real Estate Analytics.
Jason Salmon says, “It was a great pleasure to help this client invest again into multiple DSTs for their 1031 exchange. Over the years, the client and I have discussed their overall estate plan, goals, risk tolerances and objectives, and the client’s desire to have multiple potential income-streams by way of a diversified 1031 DST real estate portfolio. Similar to the previous transaction, the client was able to invest into several DSTs in various geographic locations as well as differing asset classes.”
Salmon continued, “It’s gratifying and extremely validating to have the phone ring and it’s an existing 1031 DST client from years earlier that is looking to conduct another 1031 exchange or make a direct cash investment into DSTs with Kay Properties.”
Dwight Kay, Founder and CEO of Kay Properties, stated, “We were thrilled to have helped this client in yet another 1031 exchange into DSTs. Jason Salmon has continued to assist our clients in finding the right DST offerings for them and their particular situation while at the same time being a true leader in the 1031 DST industry by providing continuing education to CPAs, attorneys and real estate professionals on DSTs and 1031 exchanges.”