Delaware statutory trust

Phoenix American Announces New Client Real Estate Fund Sponsor NAI Legacy

Thursday, October 14, 2021 - 1:34pm

SAN RAFAEL, Calif., Oct. 14, 2021 /PRNewswire/ -- Phoenix American is pleased to announce its new client partnership with real estate investment management firm NAI Legacy .

Key Points: 
  • SAN RAFAEL, Calif., Oct. 14, 2021 /PRNewswire/ -- Phoenix American is pleased to announce its new client partnership with real estate investment management firm NAI Legacy .
  • Phoenix American will support NAI Legacy with its industry-leading investor services platform featuring the STAR-XMS shareholder management / transfer agent system.
  • NAI Legacy is a full-service commercial real estate firm specializing in tax-efficient real estate investment solutions.
  • NAI Legacy is focused on commercial real estate investments, brokerage, net lease (NNN) properties, property management, asset management, and private client solutions.

Kay Properties & Investments Helps Real Estate Investor with High Loan to Value (LTV) Successfully Complete $1.2 Million DST 1031 Exchange Just in Time to Avoid Significant Tax Consequence

Tuesday, October 5, 2021 - 4:22pm

LOS ANGELES, Oct. 05, 2021 (GLOBE NEWSWIRE) -- Kay Properties & Investments recently announced the successful completion of a DST 1031 exchange that involved a crunched timeline and a large debt replacement challenge. With literally days left on his 45-day 1031 identification deadline, the real estate investor was staring at a significant tax consequence that would have impacted his long-term investment strategy forever. However, after contacting Kay Properties & Investments, the investor was able to learn about DST 1031 exchanges and garner outside counsel from his tax attorney and financial advisor. Simultaneously, the Kay Properties team of DST 1031 exchange specialists started to create a customized strategic solution for the client’s exchange needs.

Key Points: 
  • However, after contacting Kay Properties & Investments, the investor was able to learn about DST 1031 exchanges and garner outside counsel from his tax attorney and financial advisor.
  • Simultaneously, the Kay Properties team of DST 1031 exchange specialists started to create a customized strategic solution for the clients exchange needs.
  • One of the hallmarks of Kay Properties is that our registered representatives never look at any DST 1031 exchange as one size fits all.
  • In this situation, the client was a sophisticated New York real estate investor who was struggling to find quality 1031 replacement properties.

Kay Properties Team of Delaware Statutory Trust 1031 Experts Help Real Estate Investor Successfully Complete a $2 Million All-Cash/Debt-Free Tax Deferred 1031 Exchange

Thursday, September 23, 2021 - 5:00pm

LOS ANGELES, Sept. 23, 2021 (GLOBE NEWSWIRE) -- Kay Properties & Investments recently announced another successful completion of an all-cash/debt-free Delaware Statutory Trust 1031 exchange.

Key Points: 
  • LOS ANGELES, Sept. 23, 2021 (GLOBE NEWSWIRE) -- Kay Properties & Investments recently announced another successful completion of an all-cash/debt-free Delaware Statutory Trust 1031 exchange.
  • Kay Properties & Investments is very special to the 1031 exchange market because we do nothing but work in the DST space day in and day out.
  • According to Chay Lapin, DST 1031 expert and Kay Properties President who supervised the exchange process, the transaction first entailed extensive education for both the real estate broker and the investor client.
  • What made this DST 1031 exchange so special was that it was originally brought to us through the real estate broker.

Kay Properties & Investments Completes Intricate 1031 Exchange, Converting Partial Ownership of a Medical Office Building Into a $3 Million Diversified Delaware Statutory Trust Portfolio Across Multiple Geographic Regions

Monday, September 20, 2021 - 6:00pm

Kay Properties is a truly specialized firm that deals with nothing but DST 1031 offerings and other real estate investments.

Key Points: 
  • Kay Properties is a truly specialized firm that deals with nothing but DST 1031 offerings and other real estate investments.
  • Kay Properties has participated in over $21 billion of DST investments, and thus has the experience needed to properly guide investors during this important life decision of a large 1031 exchange into DST investments.
  • A Delaware Statutory Trust (DST) is an entity that is created to hold title to one or more income producing commercial properties including apartments, medical buildings, net-lease retail, industrial facilities and more.
  • Kay Properties delivered a custom, risk-averse portfolio that delivered on each point in their personal investment strategy, said McFarland.

Kay Properties Helps Clients 1031 Exchange $10 Million Real Estate Portfolio Over Time into Delaware Statutory Trust Properties

Thursday, July 8, 2021 - 8:00pm

After learning more about the 1031 exchange capabilities and the Delaware Statutory Trust structure, the clients decided to gradually transition away from active management.

Key Points: 
  • After learning more about the 1031 exchange capabilities and the Delaware Statutory Trust structure, the clients decided to gradually transition away from active management.
  • Through the years they have continued to work with Kay Properties and have utilized the Kay Properties 1031 DST marketplace at www.kpi1031.com .
  • The Delaware Statutory Trust exchange investments were completed by Kay Properties and Investments team members Chay Lapin, President, and Matt McFarland, Vice President.
  • These clients had very little debt on their multifamily properties and were able to remain in a low-leverage situation with their ownership in many Delaware Statutory Trust properties.

Kay Properties Helps Place Over $130 Million in Delaware Statutory Trust 1031 Exchange Investments for Family-Owned Real Estate Firm

Friday, July 2, 2021 - 7:49pm

In the summer of 2020, the family-owned real estate firm began liquidating their portfolio of six large multifamily properties.

Key Points: 
  • In the summer of 2020, the family-owned real estate firm began liquidating their portfolio of six large multifamily properties.
  • The Kay Properties team worked closely with the clients legal counsel, real estate brokers, qualified intermediary and many Delaware Statutory Trust sponsor companies to execute a smooth and swift series of transactions.
  • This 1031 exchange into Delaware Statutory Trust properties was highly nuanced in its own right, said Steve Haskell.
  • Personalized service is one of the many reasons that thousands of 1031 exchange investors nationwide have opted to purchase Delaware Statutory Trust investments through Kay Properties and the www.kpi1031.com marketplace.

Pacific Coast Oil Trust Announces There Will Be No June Cash Distribution

Thursday, June 24, 2021 - 9:15pm

ARO is the accounting recognition related to plugging and abandonment obligations that all oil and gas operators face.

Key Points: 
  • ARO is the accounting recognition related to plugging and abandonment obligations that all oil and gas operators face.
  • Therefore, until the net profits deficit is eliminated, the only cash proceeds the Trust will receive are pursuant to the 7.5% overriding royalty interest.
  • Costs associated with returning wells to service must be recovered before cash flow to the Trust can be created.
  • Pacific Coast Oil Trust is a Delaware statutory trust formed by PCEC to own interests in certain oil and gas properties in the Santa Maria Basin and the Los Angeles Basin in California (the Underlying Properties).

Pacific Coast Oil Trust Announces There Will Be No May Cash Distribution

Wednesday, May 26, 2021 - 9:15pm

ARO is the accounting recognition related to plugging and abandonment obligations that all oil and gas operators face.

Key Points: 
  • ARO is the accounting recognition related to plugging and abandonment obligations that all oil and gas operators face.
  • Therefore, until the net profits deficit is eliminated, the only cash proceeds the Trust will receive are pursuant to the 7.5% overriding royalty interest.
  • Costs associated with returning wells to service must be recovered before cash flow to the Trust can be created.
  • Pacific Coast Oil Trust is a Delaware statutory trust formed by PCEC to own interests in certain oil and gas properties in the Santa Maria Basin and the Los Angeles Basin in California (the Underlying Properties).

Cantor Fitzgerald Announces the Sale of Norterra Canyon Apartments in North Las Vegas, Nevada

Wednesday, April 28, 2021 - 1:00pm

b'NEW YORK, April 28, 2021 /PRNewswire/ --A joint venture between a subsidiary of Cantor Fitzgerald Investors, LLC (together with its affiliates, "Cantor Fitzgerald") and Hamilton Zanze & Company ("Hamilton Zanze"), announce the sale of a 426-unit multifamily property known as Norterra Canyon Apartments located North Las Vegas, Nevada.

Key Points: 
  • b'NEW YORK, April 28, 2021 /PRNewswire/ --A joint venture between a subsidiary of Cantor Fitzgerald Investors, LLC (together with its affiliates, "Cantor Fitzgerald") and Hamilton Zanze & Company ("Hamilton Zanze"), announce the sale of a 426-unit multifamily property known as Norterra Canyon Apartments located North Las Vegas, Nevada.
  • Cantor Fitzgerald, a leading sponsor of 1031 tax-deferred exchange investments, facilitated the sale on behalf of one of its Delaware statutory trust offerings.\nLocated at 5005 Losee Road, Norterra Canyon Apartments consists of 17.7 acres of land with 20 residential buildings and a clubhouse.
  • The property enjoys access to major retail and employment centers including Nellis Air Force Base, Downtown Las Vegas, and the Las Vegas Strip.
  • Cantor Fitzgerald & Co. is one of the 24 primary dealers authorized to transact business with the Federal Reserve Bank ofNew York.

Phoenix American Releases White Paper on 1031/DST Trends with Insights from Key Industry Experts and Sponsors

Monday, March 29, 2021 - 1:15pm

1031 Turns 100: Industry Insights on the DST Market analyzes the development of the Delaware Statutory Trust, the investors and sponsors involved in these investment programs and offers perspectives from key industry participants.

Key Points: 
  • 1031 Turns 100: Industry Insights on the DST Market analyzes the development of the Delaware Statutory Trust, the investors and sponsors involved in these investment programs and offers perspectives from key industry participants.
  • "Our clients are enjoying a lot of success with DSTs," said Ned Montenecourt, Chief Compliance and Risk Officer for Phoenix American.
  • Phoenix American Financial Services provides full-service fund administration , fund accounting , transfer agent and investor services as well as sales and marketing reporting to fund sponsors in the alternative investment industry.
  • The Phoenix American aircraft group provides managing agent and accounting services for securitizations specializing in the commercial aviation leasing industry.