SUFFOLK COUNTY, N.Y., April 07, 2016 (GLOBE NEWSWIRE) -- Kay Properties and Investments, LLC has successfully helped another 1031 exchange investor close on a DST 1031 replacement property. The client, a New York-based real estate investor, had recently sold a property and was looking to do a tax deferred exchange into income producing properties that he would not have to actively manage.
Dwight Kay, CEO and Founder of Kay Properties, commented, "The client was ultimately attracted to the all-cash, debt-free nature of this particular DST as well as the demographic trends driven by the Baby Boomers that potentially will bode well for the medical office asset class.”
Dwight Kay continued, "At Kay Properties, we are 100% focused on DST 1031 properties and helped our clients purchase over $127,000,000 of DST properties in 2015.”
Jason Salmon, Senior Vice President and Managing Director of Real Estate Analytics at Kay Properties, commented, "Many of our clients in the Tri-state area have sold highly appreciated real estate, but have also grown tired of day-to-day property management and/or long-term asset management responsibilities. Our solutions have been well-received by those seeking tax-deferral upon the sale of their investment property and are at a point in their lives where the focus is on spending time with family, travel and hobbies."
Kay Properties & Investments, LLC is a DST brokerage and advisory firm providing DST 1031 exchange replacement properties to accredited investors. Registered Representatives at Kay Properties and Investments, LLC are licensed in all 50 states and have clients located throughout the country. For more information or to register for access to our current property list please visit http://www.kpi1031.com.
Risk and Disclosures
DST properties are for accredited investors (a net worth of greater than 1 million dollars – exclusive of primary residence) and accredited entities only. If you are unsure if you are an accredited investor or an accredited entity, please do speak with your CPA and Attorney for verification prior to considering an investment. There are material risks associated with the ownership of real estate and Delaware Statutory Trust (DST) properties, including but not limited to, tenant vacancies, loss of entire principal amount invested, and that potential distributions, potential cash flows, returns, and appreciation are not guaranteed. There are no assurances that diversification will produce profits or guarantees against loss. This material does not constitute tax or legal advice. All investors should speak with their own tax and legal advisors before considering any real estate investments.
Securities products offered through Colorado Financial Service Corporation, member FINRA/SIPC. Kay Properties and Investments, LLC is independent of Colorado Financial Service Corporation. All information provided is for educational purposes only. The material contained herein does not constitute an offer to sell and is not an offer to buy real estate, DST properties or securities. Such offers are made only by a sponsor’s memorandum, which is always controlling and available to accredited investors and accredited entities only. There are material risks associated with the ownership of real estate and DST properties, including but not limited to, tenant vacancies, loss of entire principal amount invested, and that potential cash flows, potential distributions, returns, and appreciation are not guaranteed.