Kay Properties completes a $2.25 million DST 1031 Exchange on behalf of a repeat client

June 24, 2020

 

Kay Properties announced the completion of another 1031 exchange for a repeat client that sold farmland. This client had worked with Jason Salmon and Kay Properties several years ago for a similar 1031 DST transaction after selling their business as well as the real estate associated with it. This investor was comfortable with the previous results and was able to diversify into multiple DSTs once again for their 1031 exchange transaction.The Delaware Statutory Trust exchange investments were completed by Jason Salmon, Kay Properties and investments senior vice president and managing director of real estate analytics.Salmon said, “It was a great pleasure to help this client invest again into multiple DSTs for their 1031 exchange. Over the years, the client and I have discussed their overall estate plan, goals, risk tolerances and objectives, and the client’s desire to have multiple potential income-streams by way of a diversified 1031 DST real estate portfolio. Similar to the previous transaction, the client was able to invest into several DSTs in various geographic locations as well as differing asset classes.

 

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