Kay Properties and Investments Helps Facilitate a $10.19 Million-Dollar Delaware Statutory Trust – DST 1031 Exchange on Behalf of Clients


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LOS ANGELES, April 30, 2020 (GLOBE NEWSWIRE) — Kay Properties and Investments today announced the completion of another 1031 DST exchange on behalf of a husband and wife out of Northern California. The couple had acted as multifamily owners and operators for over a decade. They utilized the Kay Properties 1031 DST marketplace at www.kpi1031.com for a number of years to educate themselves on how the DST would potentially fit within their portfolio. Kay Properties team members had many discussions with the clients over the years helping to educate and familiarize them with 1031 exchanges, DSTs and the Kay Properties process.

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, “It brings us great satisfaction that we here at Kay Properties were able to help yet another set of investors complete their 1031 exchange into DST 1031 properties. I especially want to thank the clients for their business and trust as well as the seven different DST sponsor firms that we placed the clients’ equity with. It is through the support, friendship, mutual respect and collaboration with Delaware Statutory Trust sponsor companies like these that we are able to help our clients achieve a diversified* 1031 exchange portfolio.”

Chay Lapin, Senior Vice President of Kay Properties, stated, “Being that Kay Properties is a national firm we have had the chance to work with clients all over the country. This advantage allows for us to see almost every single DST 1031 offering and DST sponsor in the marketplace. We were able to bring that level of expertise to these particular clients. These clients were adamant about the majority of their proceeds being placed into debt-free options along with a few carefully selected DSTs with debt.”

Lapin continued, “They also wanted to make sure to be well diversified along with having their properties reviewed and identified before the closing on their down leg. With our expertise, DST sponsor relationships and due diligence we are able to secure equity in the properties that we collectively selected and put together a balanced portfolio that was seamless to close into once they were closed on their down leg property. Our investors prioritized reinvesting their proceeds as quickly as possible. Orrin and I were able to work with all our contacts and closing staff at the various DST sponsor companies as well as our internal Kay Properties transaction team to get the 1031 exchange closed within a few days of the clients selling their down leg property.”

Orrin Barrow, Vice President at Kay Properties, stated, “Our approach at Kay Properties is to understand our client needs, goals, objectives and risk tolerances as they seek to complete a 1031 exchange into DST investments. Our combined expertise helps to shape 1031 portfolios that we believe make the most sense for the client. The clients were also impressed with the amount of resources they had at their disposal by choosing to work with Kay Properties and Investments and the www.kpi1031.com DST offering marketplace. They appreciated our independent due diligence, our extensive 1031 and DST investment market knowledge and our deep relationships with different DST sponsor companies. The clients ultimately settled on a diversified approach of roughly 10 DST offerings spread among seven different sponsor companies, 12 different submarkets and four different asset classes. The clients were so pleased with Kay Properties’ attention to detail and knowledge of the industry that they have retained our firm to work on a very large and important 1031 exchange happening in the very near future.”

*Diversification does not guarantee profits or protect against losses.

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 21 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. Securities offered through Growth Capital Services, member FINRASIPC, Office of Supervisory Jurisdiction located at 2093 Philadelphia Pike Suite 4196 Claymont, DE 19703.

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