LOS ANGELES and RICHMOND, Va., March 06, 2017 (GLOBE NEWSWIRE) -- Kay Properties today announced the completion of 100% of the $9,900,000-equity-raise for an all-cash/debt-free Delaware Statutory Trust (DST) property located in Richmond, VA. The property, a 62,941 square foot class A office building, was structured as a Regulation D, Rule 506c DST and made available to accredited 1031 exchange and direct cash investors.
Dwight Kay, the founder and CEO of Kay Properties commented, “We continue to execute on our investment thesis of buying well-located properties on an all-cash/debt-free basis on behalf of our 1031 exchange and direct cash investor clients nationwide.”
Kay continued, “We are approaching 1 million square feet of syndicated DST offerings in exclusive, Kay Properties client-only real estate offerings and are proud to note that a large portion of that is owned free and clear without an ounce of leverage. The Innsbrook Corporate Center DST is another high quality 1031 exchange DST offering that was well received by our clients as well as the Kay Properties team members that personally invested in the asset.”
About Kay Properties:
Kay Properties and Investments, LLC is a national Delaware Statutory Trust (DST) brokerage firm with offices in LA, NY and DC. Kay Properties team members collectively have over 94 years of real estate experience, are licensed in all 50 states, and have participated in over $7 billion of DST real estate.
Our clients have the ability to participate in private, exclusively available, off-market DST properties as well as those presented to the wider DST marketplace; with the exception of those that fail our due-diligence process. Kay Properties is considered by many to be the largest provider of DST brokerage services in the United States.
This material does not constitute an offer to sell nor a solicitation of an offer to buy any security. Such offers can be made only by the confidential Private Placement Memorandum (the “Memorandum”). Please be aware that this material cannot and does not replace the Memorandum and is qualified in its entirety by the Memorandum.
This material is not intended as tax or legal advice so please do speak with your attorney and CPA prior to considering an investment.
This material contains information that has been obtained from sources believed to be reliable. However, Kay Properties and Investments, LLC, Colorado Financial Services Corporation and their representatives do not guarantee the accuracy and validity of the information herein. Investors should perform their own investigations before considering any investment.
There are material risks associated with investing in real estate, Delaware Statutory Trust (DST) and 1031 Exchange properties. These include, but are not limited to, tenant vacancies; declining market values; potential loss of entire investment principal; that past performance is not a guarantee of future results; that potential cash flow, potential returns, and potential appreciation are not guaranteed in any way; adverse tax consequences and that real estate is typically an illiquid investment.
Please read carefully the Memorandum and/or investment prospectus in its entirety before making an investment decision. Please pay careful attention to the “Risk” section of the PPM/Prospectus. This material is not intended as tax or legal advice so please do speak with your attorney and CPA prior to considering an investment.
IRC Section 1031, IRC Section 1033, and IRC Section 721 are complex tax codes; therefore, you should consult your tax and legal professional for details regarding your situation.
Securities offered through registered representatives of Colorado Financial Service Corporation, Member FINRA / SIPC. Kay Properties and Investments, LLC and Colorado Financial Service Corporation are separate entities. OSJ Address: 304 Inverness Way S, Ste 355, Centennial, Colorado. 303-962-7267
Kay Properties & Investments, LLC, is registered to sell securities in all 50 states.
DST 1031 properties are only available to accredited investors (generally described as having a net worth of over $1 million dollars exclusive of primary residence) and accredited entities only (generally described as an entity owned entirely by accredited individuals and/or an entity with gross assets of greater than $5 million dollars). If you are unsure if you are an accredited investor and/or an accredited entity, please verify with your CPA and Attorney prior to considering an investment. You may be required to verify your status as an accredited investor.