LOS ANGELES and NORFOLK, Va., Dec. 08, 2017 (GLOBE NEWSWIRE) -- Kay Properties has successfully completed raising equity capital for the 150 Corporate DST in Norfolk, VA. This DST investment was made available to accredited 1031 exchange and direct cash investors under Regulation D Rule 506c.
The 56,052 square foot property is 100% occupied by a public company. Being that this is the company’s headquarters, this particular location is considered critical to the tenant’s mission and success. The property boasts a highly desirable location due to easy access to highways, quality residential housing and dense retail amenities along with a dedicated light rail station.
Along with being a well-located and well-occupied property in the growing Norfolk market the DST investment was made available to investors as an all-cash/debt-free program whereby the risks of financing have been removed from the equation.
Dwight Kay, Founder and CEO of Kay Properties added, "The 150 Corporate DST adds another well located asset to our growing portfolio of DST investments. We’d like to thank all of our clients for their continued investments and support over the years.”
Contact Information:
www.kpi1031.com
info@kpi1031.com
1(855) 466-5927
This material does not constitute an offer to sell or a solicitation of an offer to buy any security. Such offers can only be made 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, WealthForge Securities, LLC 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 risks include, but are not limited to, tenant vacancies, declining market values, and potential loss of entire investment principal.
Past performance is not a guarantee of future results: potential cash flow, potential returns, and potential appreciation are not guaranteed in any way and adverse tax consequences may come into effect. 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.
IRC Section 1031, IRC Section 1033, and IRC Section 721 are complex tax codes; therefore, you should consult your tax and legal professionals for details regarding your situation.
Securities are offered through registered representatives of WealthForge Securities, LLC, Member FINRA / SIPC. Kay Properties and Investments, LLC and WealthForge Securities, LLC are separate entities. 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.