Press Release
Kay Properties & Investments Helps Accredited Investor 1031 Exchange Into 15 Different Delaware Statutory Trust Investments within 30 Days High net-worth investor decides to relinquish a portion of his rental property portfolio in a succession of sales before entering into multiple DST 1031 Exchanges to help achieve diversification, nonactive management, and potential monthly income
Torrance, CA
K
ay Properties & Investments successfully helped a high-net-worth client complete 15 Delaware Statutory Trust (DST) investments following the sale of five multifamily properties within a short period of time. “This particular client leveraged the full potential of Kay Properties' unique real estate platform that combines extensive client education, a robust menu of diversified DST investment options, and deep market contacts across the country. We spent more than a year working closely with him until he was comfortable with us and the DST 1031 Exchange investment model. After conducting literally years of research on the subject, he decided that DST investments provide an investment strategy that fit his own goals and objectives
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1031 DST Digest
better than active ownership/ management of rental properties,” said Dwight Kay, Founder and CEO of Kay Properties. Kay also explained that this type of transaction illustrates the growing popularity of DST 1031 Exchanges among real estate investors. “As DST 1031 Exchange and investments experts, Kay Properties & Investment representatives speak with hundreds of investors each week who want to know more about DST investment opportunities,” said Kay. After completing his first DST 1031 Exchange several years ago, the client recognized the level of expertise Kay Properties provided throughout the entire exchange process, and how readily available the entire Kay Properties team was to answer questions or provide advice.
“He first started to learn about DST investments through educational material we shared with him. Then, he started to conduct his own research and really got comfortable with how DST 1031 Exchanges work. He kept asking me questions, and I was always there for him with answers. Plus, he really got to the point several years ago where he didn’t want to be a landlord anymore. He was proud of himself for having built such a portfolio during his younger years, but he just reached a point in his life where he wanted to start selling some of his investment properties,” said Jason Salmon, Senior Vice President and Managing Director of Real Estate Analytics with Kay Properties & Investments. Because the investor had already completed at least one DST 1031 Exchange and was comfortable with the investment vehicle, Salmon
