New England actual property investor writes letter of gratitude to Kay Properties for serving to educate him on the potential advantages and dangers of Delaware Statutory Belief investments, and create a portfolio that gives larger diversification* and passive administration
TORRANCE. Calif., Aug. 26, 2022 /PRNewswire/ — Kay Properties & Investments, one of many nation’s most skilled actual property funding corporations specializing in 1031 Exchanges and Delaware Statutory Belief (DST) investments, acquired a letter of gratitude from one in every of its purchasers after the agency efficiently helped him create a extra diversified and resilient actual property portfolio following the COVID-19 Pandemic.
“Because of COVID, I used to be compelled to promote my residence rental enterprise in New England when faculties closed in individual courses, destroying the rental enterprise. The crew at Kay Properties helped me perceive the complexities of Delaware Statutory Trusts,” wrote the consumer, a former scholar housing rental investor and present Kay Properties consumer.
In keeping with Dwight Kay, Founder and CEO of Kay Properties, the investor had created a portfolio of rental single-family properties inside a small geographic area. As a result of the portfolio was positioned close to a significant college and a number of other group faculties, the investor marketed the residential items as scholar housing. Through the years, the portfolio grew in worth and generated a wholesome web working revenue. Nevertheless, when COVID-19 hit, his portfolio shortly grew to become the sufferer of eviction moratoriums, rental concessions, and elevated vacancies. The investor finally determined to 1031 change out of his scholar housing portfolio and reinvest in DST 1031 change properties on the kpi1031.com market so as to create larger diversification* and a passive administration construction.
“This investor was a classy actual property investor and we helped educate him as to how DST investments labored and the way they will doubtlessly be used to create larger diversification*, passive revenue, and entry to top quality property nationwide. We additionally spent a big period of time explaining the potential dangers related to DSTs and the gadgets that buyers want to concentrate on when investing in DSTs, our experience has come from collaborating in over $30 billion {dollars} of DST investments from over 25 totally different DST sponsor firms. This degree of experience and expertise within the DST funding world is one thing that the investor was significantly focused on discussing with us as he needed to realize as a lot data as doable in regards to the DST 1031 business as an entire,” mentioned Kay.
In keeping with Alex Madden, Vice President for Kay Properties and DST skilled who led the transaction particulars, the consumer was impressed with the intensive library of academic supplies, due diligence and investor packages provided by Kay Properties.
“We’d spend months speaking about all issues DSTs, together with DST funding due diligence, DST sponsor firms, DST providing suitability concerning his specific scenario, the assorted asset courses and leverage quantities obtainable within the DST funding area, potential threat components concerning investing in actual property and DST choices and way more, which the investor mentioned he was extremely grateful to your complete crew at Kay Properties for,” mentioned Madden.
Madden defined your complete Kay Properties crew of DST consultants labored carefully with the investor to create a customized DST funding plan for his 1031 Change, together with an inventory of contingent properties, in addition to talk about any contract points or paperwork questions he or his legal professional had.
When his 1031 Change was accomplished, Kay Properties had assembled a diversified* DST portfolio of multifamily, self-storage amenities, and web leased property in a number of geographic areas and with a number of DST sponsor firms.
“Alex and his crew guided me by all the required paperwork and confirmed me varied merchandise assembly my wants of geographic selection in states with rising economies, and throughout a various assortment of business segments for a balanced portfolio…They labored with my accountant and company lawyer to deal with their issues. With their (Kay Properties) skilled help, I met my targets and was capable of full the identification earlier than the 45-day clock expired. The customer support they supplied me with was actually distinctive. I couldn’t have succeeded with out them,” defined the actual property investor and Kay Properties’ consumer.
About Kay Properties and www.kpi1031.com
Kay Properties & Investments is a nationwide Delaware Statutory Belief (DST) funding agency. The www.kpi1031.com platform supplies entry to {the marketplace} of DSTs from over 25 totally different sponsor firms, customized DSTs solely obtainable to Kay purchasers, impartial recommendation on DST sponsor firms, full due diligence and vetting on every DST (usually 20-40 DSTs) and a DST secondary market. Kay Properties crew members collectively have over 150 years of actual property expertise, are licensed in all 50 states, and have participated in over $30 Billion of DST 1031 investments.
*NOTE: Previous efficiency doesn’t assure future outcomes and DST investments could lead to an entire lack of investor principal. That is an instance of the expertise of one in every of our purchasers and is probably not consultant of the expertise of different purchasers. These purchasers weren’t compensated for his or her testimonials. Please converse together with your legal professional and CPA earlier than contemplating an funding.
* Diversification doesn’t assure income or defend in opposition to losses. All actual property investments present no ensures for money move, distributions or appreciation in addition to might lead to a full lack of invested principal. Please learn your complete Personal Placement Memorandum (PPM) previous to investing. This case examine is probably not consultant of the end result of previous or future choices. Please converse together with your legal professional and CPA earlier than contemplating an funding.
There’s a threat of lack of your complete funding principal. Previous efficiency isn’t a assure of future outcomes. Potential distributions, potential returns and potential appreciation aren’t assured. For an investor to qualify for any kind of funding, there are each monetary necessities and suitability necessities that should match particular targets, objectives, and threat tolerances. Securities provided by FNEX Capital, member FINRA, SIPC.
SOURCE Kay Properties and Investments