Kay Properties and Investments Successfully Completes a $2,100,000 DST 1031 Exchange

View Morningstar press release here.

Kay Properties and Investments is pleased to announce the completion of another DST 1031 Exchange for $2,100,000. Alex Madden, Vice President with Kay Properties and Investments, explained: “Our Clients were very interested in taking on as little additional debt as possible in their exchange. Their focus on debt-free properties was well suited to the Kay Properties approach of keeping debt low, and being diversified* whenever possible.”

Senior Vice President, Chay Lapin, went on to say: “We were pleased to assist our clients with their 1031 exchange and were able to complete their entire exchange prior to their 45^th day. We are thankful to the five different sponsor companies who provided eight different DSTs they were able to diversify into. The asset classes included: residential, distribution, medical office, multifamily, and self-storage.”

*Diversification does not guarantee profits or protect against losses.

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