View press release on Morningstar here.
LOS ANGELES, June 09, 2020 (GLOBE NEWSWIRE) — Kay Properties and Investments today announced the completion of a 1031 DST exchange for a family of real estate investors into DST 1031 properties. The 1031 exchange clients utilized the Kay Properties 1031 DST marketplace at www.kpi1031.com for a number of months to educate themselves on how the DST would potentially fit within their portfolio.
The Delaware Statutory Trust 1031 exchange investments were completed by Kay Properties and Investments team members Chay Lapin, Senior Vice President, and Orrin Barrow, Vice President.
Dwight Kay, the founder and CEO of Kay Properties, stated, “We are pleased that we were able to provide a solution to these clients’ 1031 exchange by working with a number of DST sponsor companies on the www.kpi1031.com marketplace. We strive to utilize our expertise and knowledge gained from having participated in over $15 billion of DST investments to help guide clients and walk them through the potential pros and potential cons of DSTs. This continues to speak to the level of professionalism, access, expertise and 1031 DST industry knowledge that Kay Properties and our marketplace provide for investors.”
Chay Lapin, Senior Vice President of Kay Properties, stated, “As always, we look to provide a white-glove level of service to all of our 1031 exchange clients. We know that clients becoming familiar with the 1031 exchange process and all the different options available to them can be a daunting task. Our role is to help explain not only how the process works, but also how DSTs potentially fit within the overall needs of the client as well as to thoroughly walk the clients through the potential benefits and the risks of investing in real estate and DST investments.”
Orrin Barrow, Vice President of Kay Properties, stated, “The families were initially looking to just receive education about the 1031 exchange process and the options that Kay Properties had available to them. Like many of our large investors, this family approached with a number of different options for their 1031 exchange and wanted guidance that Kay Properties can bring to the table having been involved in thousands of DST transactions on behalf of clients with dozens of DST sponsor companies. After the exchange was completed some of these family members decided to again utilize the marketplace to complete additional 1031 transactions with us. Repeat 1031 exchange clients is one of the most rewarding experiences that we have been fortunate to have a long history of at Kay Properties.”