LOS ANGELES and TAMPA, Fla., March 19, 2019 (GLOBE NEWSWIRE) -- Kay Properties and Investments, LLC has successfully completed the equity raise for the Sabal 6 DST in Tampa, FL.
The Sabal 6 DST owns a 100,001 square foot, multi tenant, office property which is currently 100% occupied and located in Tampa, FL. The offering was made available to accredited investors under Regulation D Rule 506c and had a total offering cost of $18,250,000.
Dwight Kay, the Founder and CEO of Kay Properties and Investments, commented, “The Sabal 6 DST is another example of a successful equity raise by the Kay Properties team from multiple high net worth accredited investors nationwide. We are thankful for the opportunity to have been able to help these investors with their 1031 exchanges into this DST investment.”
Contact Kay Properties and Investments at: (855) 466-5927, info@kpi1031.com, or www.kpi1031.com
Kay Properties and Investments, LLC is a national Delaware Statutory Trust (DST) investment firm with offices in Los Angeles, San Diego, San Francisco, Seattle, New York City and Washington DC. Kay Properties team members collectively have over 114 years of real estate experience, are licensed in all 50 states, and have participated in over $9 Billion of DST real estate. Our firm typically has available 15-30 different DST investment options available from various DST sponsor companies for our clients to choose from, many of which are only available exclusively through Kay Properties. Our due diligence process allows our clients to understand the potential pros and cons of each offering in a way that provides them with the facts they need to make their own informed decisions. To learn more about Kay Properties please visit: www.kpi1031.com
Risks and Disclosures:
- DST investments are illiquid in nature and should only be purchased if an investor can hold for the full life of the program.
- There is no guarantee that an investor will be able to sell their DST investment on the Kay DST secondary market.
- Investors may possibly sell their DST investments at a discount if trying to sell on the Kay DST secondary market.
- Kay Properties reserves the right to determine to list or not list an investors DST investment on the Kay DST secondary market which is based on a number of factors and in the full discretion of Kay Properties.
IRC Section 1031, IRC Section 1033 and IRC Section 721 are complex tax codes therefore you should consult your tax or legal professional for details regarding your situation. This material is not intended as tax or legal advice.
There are material risks associated with investing in real estate, Delaware Statutory Trust (DST) properties and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short term leases associated with multi-family properties, financing risks, potential adverse tax consequences, general economic risks, development risks and long hold periods. There is a risk of loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, potential returns and potential appreciation are not guaranteed. For an investor to qualify for any type of investment, there are both financial requirements and suitability requirements that must match specific objectives, goals and risk tolerances.
Securities offered through registered representatives of WealthForge Securities, LLC , Member FINRA/SIPC. Kay Properties and Investments, LLC and WealthForge Securities, LLC are separate entities.