A real estate investor grateful to Kay Properties for helping him diversify* through Delaware Statutory Trusts and the 1031 exchange following the devastating impact of COVID-19
A New England real estate investor writes a letter of gratitude to Kay Properties for helping educate him on the potential benefits and risks of Delaware Statutory Trust investments, and how to create a portfolio that offers a greater diversification* and passive management
TORRANCE. California, August 26, 2022 /PRNewswire/ — Kay Properties & Investments, one of the nation’s most experienced real estate investment firms specializing in 1031 Exchanges and Delaware Statutory Trust (DST) investments, received a thank you letter from one of his clients after the company helped him build a more diversified and resilient real estate portfolio following the COVID-19 pandemic.
“As a result of COVID, I was forced to sell my apartment rental business in New England when colleges closed tutoring destroying the rental business. The team at Kay Properties helped me helped understand the complexities of Delaware Statutory Trusts,” the client wrote. , a former student housing rental investor and current client of Kay Properties.
According Dwight Kay, Founder and CEO of Kay Properties, the investor had created a portfolio of rental single-family homes in a small geographic area. Since the portfolio was located near a major university and several community colleges, the investor marketed the residential units as student housing. Over the years, the portfolio has grown in value and generated a good net operating result. However, when COVID-19 hit, his portfolio quickly fell victim to eviction moratoriums, rental concessions and an increase in vacancies. The investor ultimately decided to swap 1031 from his student housing portfolio and reinvest in DST 1031 swap properties on the kpi1031.com marketplace to create greater diversification* and a passive management structure.
“This investor was a sophisticated real estate investor and we helped him understand how DST investments work and how they can potentially be used to create greater diversification*, passive income and access to high quality assets at home. We have also spent a significant amount of time explaining the potential risks associated with DSTs and what investors should be aware of when investing in DSTs, our expertise has come from our involvement with over $30 billion DST investments from over 25 different DST corporate sponsors. This level of expertise and experience in the world of DST investing is something the investor was particularly interested in discussing with us as he wanted to gain as much knowledge as possible about the DST 1031 industry as a whole” , said Kay.
According Alex MaddenVice President of Kay Properties and DST expert who led the details of the transaction, the client was impressed with the extensive library of educational materials, due diligence and investor programs offered by Kay Properties.
“We would spend months communicating about all things DST, including DST investment due diligence, DST corporate sponsors, the right DST offer for his particular situation, different asset classes and leverage amounts available in the DST investment space, potential risk factors regarding investing in real estate and DST offerings and much more, for which the investor said he was extremely grateful to any the Kay Properties team,” said Madden.
Madden explained that Kay Properties’ entire team of DST experts worked closely with the investor to create a custom DST investment plan for his 1031 Exchange, including a list of potential properties, as well as to discuss any contract or paperwork issues he or his lawyer had.
When its 1031 exchange was completed, Kay Properties had built a diversified* DST portfolio of multi-family self-storage facilities and net leased assets in multiple geographies and with multiple DST corporate sponsors.
“Alex and his team walked me through all the necessary paperwork and showed me various products that met my needs for geographic diversity in states with growing economies and a diverse set of industry segments for a balanced portfolio… They worked with my accountant and corporate lawyer to address their concerns.With their expert assistance (Kay Properties) I achieved my goals and was able to complete the identification before the 45 hour deadline expired. days. The customer service they provided to me was truly outstanding. I couldn’t have done it without them,” explained the real estate investor and client of Kay Properties.
About Kay Properties and www.kpi1031.com
Kay Properties & Investments is a national investment company of the Delaware Statutory Trust (DST). The www.kpi1031.com platform provides market access to DSTs from over 25 different corporate sponsors, custom DSTs only available to Kay clients, independent advice on corporate sponsor DSTs, comprehensive due diligence and verification of each DST (usually 20 to 40 DST) and an aftermarket DST. Members of the Kay Properties team have collectively over 150 years of real estate experience, are licensed in all 50 states and have participated in over $30 billion DST 1031 investments.
*NOTE: Past performance is no guarantee of future results and DST investments may result in a total loss of the investor’s capital. This is an example of the experience of one of our customers and may not be representative of the experience of other customers. These clients were not compensated for their testimonials. Please speak with your attorney and CPA before considering an investment.
*Diversification does not guarantee profits or protect against losses. All real estate investments do not provide any guarantee of cash flow, distributions or appreciation and could result in a total loss of the capital invested. Please read the entire Private Placement Memorandum (PPM) before making an investment. This case study may not be representative of the outcome of past or future offerings. Please speak with your attorney and CPA before considering an investment.
There is a risk of losing all the capital invested. Past performance is not indicative of future results. Potential distributions, potential returns and potential appreciation are not guaranteed. For an investor to be eligible for any type of investment, there are both financial requirements and suitability requirements that must match specific objectives, goals and risk tolerances. Securities offered by FNEX Capital, member FINRA, SIPC.
SOURCE Kay Properties and Investments