Press Release
Custom Kay Properties DST Offering in Tampa Bay, FL Goes Full Cycle on Behalf of Investors Custom DST delivers a 131.42% total return for investors*
Torrance, CA
K
ay Properties and Investments today announced that one of their custom 1031 exchange Delaware Statutory Trust – DST offerings has gone full cycle and was sold on behalf of investors. The offering was a multi-tenant office property located in the Tampa, FL area and was made available exclusively to Kay Properties clients in 2017. The offering generated a total return of 131.42% for the 1031 exchange and direct cash investors*. This DST offering was a custom 1031 DST offering made available only to Kay Properties clients who were accredited investors under Regulation D Rule 506(c). Dwight Kay, CEO and Founder of Kay Properties commented, “We are extremely pleased with 20
1031 DST Digest
the opportunity to provide these returns for our investors in light of the COVID-19 pandemic and the headwinds facing multi-tenant office properties. The investment was opportunistic in nature as we were able to generate a risk-adjusted return for our investors without utilizing leverage. The offering was a debt free DST and we are proud to say that the returns have proven on this offering to be superior to many leveraged DSTs that were available during the same time period*. Many of the 1031 investors involved in this DST offering decided to complete another 1031 exchange investment with Kay Properties via the www.1031dstdigest.com marketplace for 1031 exchange offerings and we are thankful for the opportunity to be of service to them and their families.”
Chay Lapin, Senior Vice President of Kay Properties commented, “Our property located in the Tampa, Florida MSA allowed our investors to be in a debt free position to mitigate risk and have potential for upside at the same time. We are very pleased to provide our investors a positive total return on their investment, especially during a global pandemic. During the beginning of the global crisis and economic issues the investors were able to sleep at night knowing at the end of the day they were debt-free and should the various world events affect their property there was no risk of lender foreclosure.” Jason Salmon, Senior Vice President and Managing Director of Real Estate Analytics added, “I’m pleased that our investors were able to participate in a real estate deal that *Past performance is not a guarantee of future results.
