Chapter 4: Manage Debt
Press Release
Custom Kay Properties Delaware Statutory Trust Offering in Richmond, VA Goes Full Cycle Kay Properties and Investments, LLC announced that another of their custom Kay Properties Delaware Statutory Trust offerings successfully went full cycle to deliver a 167% return on behalf of multiple 1031 exchange and direct cash investors* Torrance, CA & Richmond, VA
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he DST investment that was sold was the Maple Springs Apartments in Richmond, VA, a 268-unit multifamily community. For those investors that closed simultaneously on the DST investment the same day that the property was purchased, the total returns were approximately as follows: Total Return of 167%– which was inclusive of principal invested, appreciation and monthly distributions Total annualized return of 15%– which was inclusive of monthly distributions and appreciation Dwight Kay, CEO and Founder of Kay Properties commented, “We are pleased to have offered
another Kay Properties client-only custom Delaware Statutory Trust offering to our investors with a fantastic outcome. The Maple Springs Apartments DST was made available to Kay clients as a Custom DST in November 2016 and was sold at a very profitable exit on behalf of our clients in April 2021.” Kay continued, “This successful sale resulted in the majority of the investors doing a subsequent 1031 exchange into more Delaware Statutory Trust investments on the www.1031dstdigest.com investment platform. Over the years the repeat business by our clients throughout the country has been something we are especially proud of. The sale of the Maples Springs Apartments DST has been another custom Kay Properties full cycle event with
*Past performance is not a guarantee of future results.
satisfied Kay investors nationwide. As always, past performance is no guarantee of future results and all investors should consider the risk factors of investing in DST investments and real estate by reading the Private Placement Memorandum prior to participating in any DST offering for sale, paying careful attention to the risk factors section.” Chay Lapin, President of Kay Properties, remarked, “We were very pleased with the value-add investment strategy of Maple Springs DST investment for our investors. As an investor myself in Maple Springs, it was a great opportunity to have a double-digit IRR and give our investors an opportunity for upside potential. We saw the class B multifamily sector opportunity years ago and were very extremely pleased to have
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