Kay Properties & Investments Delaware Statutory Trust Investment Delivers 126.72% Returns to Accredited Investors
According to Dwight Kay, founder and CEO of Kay Properties & Investments, the Winston-Salem industrial distribution facility DST, sold on behalf of a group of DST accredited investors who, for those investors that closed simultaneously on the DST investment the day that the property was purchased, realized a 126.72% total return, or a 7.19% percent annualized return from their DST 1031 investment*.
“We are proud to have provided another successful custom DST investment opportunity to our clients that resulted in a quality full-cycle return. While past performance does not guarantee or indicate the likelihood of future results, this particular investment is a great example of how Kay Properties’ clients have access to custom DST offerings that are exclusively available to investors working with Kay Properties. The DST offering was made available to Kay Properties clients as a custom DST investment in 2018 on our kpi1031.com platform, and successfully went full cycle in 2022. The positive return marks a significant victory for our investors and another successful outcome for the entire Kay Properties team as we approach, God willing, another record-breaking year*,” said Kay.
Kay explained that Kay Properties & Investments offered this custom DST to both 1031 Exchange and direct cash investors. The DST investment included a 30,947 square foot distribution facility that was located in a dense industrial corridor surrounded by numerous distribution-related tenants and just one mile away from Wake Forest University. In addition, the industrial property was 100 % leased to an investment grade tenant with a BBB rating by Standard and Poor’s, and was available to accredited investors as an all-cash/debt-free DST offering that provided investors no risk of lender foreclosure.
Chay Lapin, President and DST specialist with Kay Properties & Investments, explained that the combination of a favorable location that was also secured by a long-term lease that was corporately guaranteed by a national tenant, and with an attractive price point per square foot made this industrial distribution facility DST a particularly attractive investment for Kay Properties.
“We originally acquired the Winston-Salem industrial property approximately four years ago because we saw the asset possessed core real estate value with a stable, investment grade tenant, and strategically connected to Smith-Reynolds Airport via a major transportation artery running through the heart of the Winston-Salem sub-market,” said Lapin.
According to Lapin, like all of the Delaware Statutory Trust investments found on www.kpi1031.com, this property was carefully vetted by the Kay Properties team of due diligence and analytics experts …….