1031 Exchange Marketplace Has Record Year

Kay Properties is based in Los Angeles.

Kay Properties, one of the largest 1031 exchange marketplaces, has closed an impressive year. The firm raised and placed $230 million in exchange equity with a total funding value of $3 billion. The capital—invested by accredited investors—was placed in millions of square feet of commercial and multifamily properties.

“The fact that the Kay Properties marketplace connects investors with over 25 DST sponsor companies, which allows the investor to view a diverse selection of DST 1031 properties and receive guidance on which DST investments make potential sense for their situation,” Dwight Kay, CEO and founder of Kay Properties, tells GlobeSt.com. “Also, the fact that there is an increasing demand for turnkey, passive 1031 exchange replacement property options as well as increasing desire by high-net-worth investors for alternative investment opportunities such as private real estate that are non-correlated to the public equity markets.”