Kay Properties helps invest over $ 130 million in Delaware
LOS ANGELES, July 02, 2021 (GLOBE NEWSWIRE) – Kay Properties is pleased to announce the completion of a three-phase 1031 exchange project resulting in an investment in over $ 130 million of Delaware Statutory properties Trust (DST).
Over the course of several months, Kay Properties President Chay Lapin and Vice President Steve Haskell have helped a family-owned real estate company navigate three complex 1031 exchanges in a highly diverse portfolio of DST properties.
In the summer of 2020, the family-owned real estate company began liquidating its portfolio of six large multi-family buildings. The Kay Properties team worked closely with the client’s legal counsel, real estate brokers, qualified intermediaries and numerous Delaware Statutory Trust sponsor companies to execute a series of smooth and rapid transactions.
“This exchange of 1031 in Delaware Statutory Trust properties was very nuanced in itself,” said Steve Haskell. “There were several DST properties, several different legal entities, and many moving parts. On top of all this, the COVID pandemic has added an additional level of complexity. We are grateful for the strong relationships we have with DST’s corporate sponsors and are delighted to have provided such a highly personalized service to these very important and sophisticated real estate clients.
Clients ultimately invested in more than 44 Delaware Statutory Trust offerings comprising 57 individual properties in more than 15 states. Almost all of the client’s real estate assets were initially concentrated in a single type of asset in a single real estate market. The investor sought out the Kay Properties team for their extensive network and extensive experience in the 1031 and DST industry.
Kay Properties President Chay Lapin said, “I am particularly pleased with our ability to help our clients close such a large number of real estate investments in the Delaware Statutory Trust in just three business days of closing their property. abandoned. This saved our client hundreds of thousands of dollars in missed rental income opportunities.
“I firmly believe that it is only with the extraordinary focus and sophistication that the Kay Properties team brings to the table that such a complex transaction could be achieved with such attentive and personalized service,” added Lapin. . “Personalized service is one of the many reasons that thousands of 1,031 stock market investors nationwide have chosen to purchase Delaware Statutory Trust investments through Kay Properties and the www.kpi1031.com market. “
About Kay Properties and www.kpi1031.com
Kay Properties is a Delaware Statutory Trust (DST) national investment company. The www.kpi1031.com platform provides access to the DST marketplace of over 25 different sponsor companies, custom DSTs only available to Kay customers, independent advice on DST sponsor companies, due diligence and verification of each DST (usually 20-40 DST) and a secondary DST. 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 in DST 1031 investments.
This document does not constitute an offer to sell or a solicitation of an offer to buy securities. Such offers can only be made through the confidential Private Placement Memorandum (the “Memorandum”). Please read the entire Memorandum, paying particular attention to the section on risks before 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 more details regarding your situation. There are significant risks associated with investing in real estate securities, including illiquidity, vacancy, general market conditions and competition, lack of operating history, interest rate risks, general risks associated with owning / operating commercial and multi-family properties, financing risks, possible adverse tax consequences, general economic risks, development risks and long holding periods. There is a risk of losing all of the invested capital. Past performance is no guarantee of future results. Potential cash flows, potential returns and potential appreciation are not guaranteed. Securities offered by Growth Capital Services, member of FINRA, SIPC, Office of Supervisory Jurisdiction located at 582 Market Street, Suite 300, San Francisco, CA 94104.
* Diversification does not guarantee profits or protect against losses.