Kay Properties Closes Delaware Statutory Trust (DST) Property in Orange Park (Jacksonville MSA), FL

Los Angeles, CA and Orange Park (Jacksonville MSA), FL

Kay Properties has successfully completed the Alexander Pointe Apartments DST in Jacksonville, FL. This DST property was made available to accredited investors under Regulation D Rule 506c and had a total investment cost of $24,026,000.

The Alexander Pointe Apartments DST was a 232-unit apartment community in Orange Park, FL. The property was a value-add investment opportunity available for 1031 exchange and direct cash investors.

Dwight Kay, Founder and CEO of Kay Properties commented, “We are pleased to have successfully completed this multifamily DST investment offering on behalf of our clients.”

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