Press Release: Kay Properties has Successfully Completed the Tampa International Business Center 1 DST in Tampa, FL on Behalf of 1031 Exchange Investors

Los Angeles, CA and Tampa, FL

Kay Properties has successfully completed the Tampa International Business Center 1 DST in Tampa, FL. This DST property was made available to accredited investors under Regulation D Rule 506c and had a total offering equity raise of $9,300,000.

The Tampa International Business Center 1 DST was an all-cash/debt-free DST offering available for 1031 exchange and direct cash investors. The property was a 50,018 square foot, two-building portfolio that is 100% leased for 10+ years.

Dwight Kay, Founder and CEO of Kay Properties commented, “The Tampa International Business Center 1 DST is another example of how Kay Properties continues to provide for our accredited clients exclusive debt-free properties for their 1031 exchanges. We are pleased to add this offering to our portfolio which now includes over 1 million square feet of office, industrial and multifamily DST offerings.”

Chay Lapin, Senior Vice President at Kay Properties added, “We are thrilled to have been able to provide for our clients a debt-free DST investment in the income tax free state of Florida, with a long term corporate lease and located nearby the Tampa International Airport.”

Jason Salmon, Senior Vice President and Managing Director of Real Estate Analytics at Kay Properties commented, “Many of our clients sought out the Tampa International Business Center 1 offering because of the reported strength of the Tampa commercial real estate market in addition to the tenants long-term lease in place until 2028. Investors not requiring debt for their 1031 exchanges also chose the deal as part of a diversified portfolio strategy; especially those that opted to not take on additional debt for their transaction.”

Betty Friant, Senior Vice President out of Kay Properties and Investments Washington D.C. office, added, “The Tampa International Business Center DST tenant is one of the largest managed healthcare providers in the country.  The location near the Tampa International Airport is an added bonus for the potential long term viability of the property.”

Contact Information:

www.kpi1031.com

info@kpi1031.com

1(855) 466-5927

View Original Press Release

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 15 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. If you are not the intended recipient of this message, any use, dissemination, distribution or copying of this communication is strictly prohibited. If you have received this communication in error, please immediately notify the sender and permanently delete all copies that you may have. Securities offered through Growth Capital Services, member FINRASIPC, Office of Supervisory Jurisdiction located at 582 Market Street, Suite 300, San Francisco, CA 94104.


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