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Real Estate - JANUARY 31, 2020

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Accredited investors invest $230m to Kay Properties

by Released

Kay Properties, which operates an online 1031 exchange property marketplace, raised and placed $230 million in like-kind exchange equity investments from accredited investors in 2019.

The $230 million raised from hundreds of accredited investors was invested in millions of square feet of commercial and multifamily properties across the United States. The total consideration value of the properties at the time of funding was in excess of $3 billion in value.

“2019 was an incredible year for the 1031 exchange replacement property market,” said Dwight Kay, CEO and founder of Kay Properties. “Sellers intent on deferring capital gains taxes on recently sold properties increasingly recognize the benefits of reinvesting the proceeds in qualifying properties. We’re pleased to have helped so many hundreds of accredited investors nationwide deploy a proven, highly effective investment and tax strategy.”

“At the same time,” Kay observed, “individual invest

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