Kay Properties Announces a Completed 1031 Exchange Delaware Statutory Trust (DST) Property in Chesapeake, VA

LOS ANGELES and CHESAPEAKE, Va., Oct. 09, 2017 (GLOBE NEWSWIRE) — Kay Properties today announced the successful closing of the Seacoast DST in Chesapeake, VA. The property was made available to accredited investors under Regulation D Rule 506c.

The Seacoast DST was a 125,096 square foot industrial property located in Chesapeake, VA. The property was an all-cash/debt-free DST offering available for 1031 exchange and direct cash investors.

Dwight Kay, Founder and CEO of Kay Properties commented, “The successful equity raise for the Seacoast DST was another example of investors choosing to invest in debt-free Delaware Statutory Trust properties with no leverage in an effort to potentially reduce risk.”

Contact Information:
https://www.kpi1031.com
info@kpi1031.com

1-(855) 899-4597 View Original Press Release

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*(Accredited investors are defined under SEC Rule 506 of Regulation D. Generally, an investor is deemed accredited if their net worth is greater than $1,000,000 exclusive of their primary residence and/or their annual income exceeds $200,000 for the current and past two years. View this applicable SEC bulletin).
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