• One of the largest online marketplaces for syndicated 1031 investments, the company believes
• Kay Properties team members have participated in over $15 billion in 1031 investments since inception
LOS ANGELES (January 31, 2020) — Kay Properties, which operates an online 1031 exchange property marketplace, raised and placed $230 million in like-kind exchange equity investments from accredited investors in 2019, the company said today.
The $230 million raised from hundreds of accredited investors was invested in millions of square feet of commercial and multifamily properties across the U.S. The total consideration value of the
properties at the time of funding was in excess of $3 billion in value.
Kay Properties (www.kpi1031.com) is a national investment firm specializing in Delaware Statutory Trust (DST) investments and private equity real estate investments. DST investments are an
allowable option for replacement properties for investors who have recently sold other real estate assets and are seeking to defer taxation on their gains by reinvesting the proceeds in qualifying
properties of a similar kind. So-called “like-kind exchanges” are allowable under U.S. Internal Revenue Code Section 1031.
Based on publicly available information and understanding of industry participants, Kay Properties believes it maintains one of the largest syndicated 1031 exchange property marketplaces, with some of if not the, highest investment volume in the nation. While the vast majority of people investing in properties on the kpi1031.com marketplace are seeking like-kind exchanges, all accredited investors are welcome to participate in the offerings in the company’s marketplace.
“2019 was an incredible year for the 1031 exchange replacement property market,” says Dwight Kay, CEO and Founder of Kay Properties. “Sellers intent on deferring capital gains taxes on
recently sold properties increasingly recognize the benefits of reinvesting the proceeds in qualifying properties. We’re pleased to have helped so many hundreds of accredited investors nationwide deploy a proven, highly effective investment and tax strategy.”
“At the same time,” Kay observes, “individual investors intent on achieving the potential benefits of diversification*, through alternative investments such as real estate, are discovering DSTs with appreciation and monthly income potential, as an opportunistic investment strategy.” Investors can view the current offerings on the Kay Properties marketplace at kpi1031.com.
*Diversification does not guarantee profits or protect against losses.