Kay Properties Completes Delaware Statutory Trust (DST) Offering in Richmond, VA

Los Angeles, CA and Richmond, VA

Kay Properties has successfully completed the Maple Springs Apartments DST in Richmond, VA. This DST property was made available to accredited investors under Regulation D Rule 506c and had a total investment cost of $27,388,000.

The Maple Springs Apartments DST was a 268-unit apartment community in Richmond, VA. The property was a multifamily apartment investment opportunity available for 1031 exchange and direct cash investors.

Dwight Kay, Founder and CEO of Kay Properties commented, “The Maples Springs Apartments DST is another example of another Kay Properties fully subscribed DST investment offering. We are grateful for all of our clients that chose to participate in this offering either via 1031 exchange or a direct cash investment.”

Contact Information:
www.kpi1031.com
info@kpi1031.com
1-(855) 899-4597

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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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