Press Release
Kay Properties & Investments Announces a Successful Return for Investors in a Custom Orange Park, FL Multifamily DST Property That Goes Full Cycle* Kay Properties announces that another custom multifamily offering has gone full cycle after selling for $41.3 million and posting solid returns for Kay Properties clients*
Torrance, CA
K
ay Properties & Investments, a nationally recognized expert advisory firm in Delaware Statutory Trust 1031 investments and which operates the www.1031dstdigest. com marketplace for DST investments from over 25 DST sponsor companies, announced it had successfully brought one of its custom Kay Properties DST offerings full cycle on behalf of multiple 1031 exchange and cash investors. “Full Cycle” is the term used to describe a Delaware Statutory Trust property that is purchased and then sold on behalf of a group of accredited investors after a period of time. 14
1031 DST Digest
According to Dwight Kay, founder and CEO of Kay Properties & Investments, the property, the Alexander Pointe Apartments DST, sold for $41.3 million on behalf of a group of DST accredited investors who, for those investors that closed simultaneously on the DST investment the same day that the property was purchased, realized a 231.9 percent total return on their investments, or a 35.09 percent annualized return from their DST 1031 investment*. “We are proud to have provided another successful custom DST investment opportunity to our clients that resulted in a solid full-cycle return. While past performance does not guarantee or indicate the likelihood of future
results, this particular investment is a great example of how Kay Properties clients have access to Custom DST offerings working with Kay Properties. It was made available to Kay Properties clients on www.1031dstdigest. com as a Custom DST in 2017 and successfully went full cycle in September 2021. The positive return marks a significant victory for our investors and another successful outcome for the entire Kay Properties team during this recordbreaking year*,” said Kay. Kay explained that Kay Properties & Investments offered this custom DST to 1031 exchange and direct cash investors which comprised a 244,376 square-foot 234-unit apartment community in 2017 *Past performance is not a guarantee of future results.
