]Los Angeles, CA and Tacoma, WA
Kay Properties has fully subscribed the Tacoma Data Center DST in Tacoma, WA. This DST property was made available to accredited investors under Regulation D Rule 506c and had a total equity raise of $8,398,000.
The Tacoma Data Center DST is 100% leased and operates under a long-term net lease with a publicly traded medical company. The facility is mission critical to the tenant as well as it is in an excellent location, located in the Greater Seattle-Tacoma region, which is a steadily growing data center market.
Along with being a well-located and fully-occupied property in the growing Seattle market the DST investment was made available to investors as an all-cash/debt-free DST whereby the risks of financing have been removed from the equation.
Dwight Kay, Founder and CEO of Kay Properties commented, “We are pleased to have acquired this Data Center in Tacoma, WA and would like to thank our clients for their continued support and investments over the years.”