Los Angeles, CA and Norfolk, VA
Kay Properties has successfully completed raising equity capital for the 150 Corporate DST in Norfolk, VA. This DST investment was made available to accredited 1031 exchange and direct cash investors under Regulation D Rule 506c.
The 56,052 square foot property is 100% occupied by a public company. Being that this is the company’s headquarters, this particular location is considered critical to the tenant’s mission and success. The property boasts a highly desirable location due to easy access to highways, quality residential housing and dense retail amenities along with a dedicated light rail station.
Along with being a well-located and well-occupied property in the growing Norfolk market the DST investment was made available to investors as an all-cash/debt-free program whereby the risks of financing have been removed from the equation.
Dwight Kay, Founder and CEO of Kay Properties added, “The 150 Corporate DST adds another well located asset to our growing portfolio of DST investments. We’d like to thank all of our clients for their continued investments and support over the years.”