Delaware statutory trust

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

Retrieved on: 
Thursday, July 8, 2021

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

Retrieved on: 
Friday, July 2, 2021

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

Retrieved on: 
Thursday, June 24, 2021

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

Retrieved on: 
Wednesday, May 26, 2021

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

Retrieved on: 
Wednesday, April 28, 2021

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

Retrieved on: 
Monday, March 29, 2021

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.

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

Retrieved on: 
Wednesday, March 24, 2021

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.
  • 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).
  • Any anticipated distribution is based, in part, on the amount of cash received or expected to be received by the Trust from PCEC with respect to the relevant period.

Cove Capital Acquires Family Dollar Net Lease Asset in Uniontown, Alabama

Retrieved on: 
Friday, March 5, 2021

LOS ANGELES, March 04, 2021 (GLOBE NEWSWIRE) -- Cove Capital Investments, LLC (Cove Capital) and its affiliates are pleased to announce the acquisition of the Family Dollar retail store located in Uniontown, Alabama (the Property).

Key Points: 
  • LOS ANGELES, March 04, 2021 (GLOBE NEWSWIRE) -- Cove Capital Investments, LLC (Cove Capital) and its affiliates are pleased to announce the acquisition of the Family Dollar retail store located in Uniontown, Alabama (the Property).
  • Cove Capital and its affiliates take pride in the acquisition of quality assets like the Property and look forward to purchasing similar debt free net lease properties for both its debt free net lease funds as well as debt free 1031 exchange Delaware Statutory Trust (DST) programs.
  • However, Cove Capital Investments, LLC does not guarantee the accuracy and validity of the information herein.
  • Securities offered throughGrowth Capital Services, member FINRA, SIPC, Office of Supervisory Jurisdiction located at 582 Market Street, Suite 300, San Francisco, CA 94104.

Cove Capital Acquires CVS Pharmacy Net Lease Asset in Muncie, Indiana

Retrieved on: 
Wednesday, March 3, 2021

LOS ANGELES, March 02, 2021 (GLOBE NEWSWIRE) -- Cove Capital Investments, LLC (Cove Capital) and its affiliates are pleased to announce the acquisition of a CVS pharmacy in Muncie, Indiana (the Property).

Key Points: 
  • LOS ANGELES, March 02, 2021 (GLOBE NEWSWIRE) -- Cove Capital Investments, LLC (Cove Capital) and its affiliates are pleased to announce the acquisition of a CVS pharmacy in Muncie, Indiana (the Property).
  • Cove Capital and its affiliates take pride in the acquisition of quality assets like the Property and look forward to purchasing similar debt free net lease properties for both its debt free net lease funds as well as debt free 1031 exchange Delaware Statutory Trust (DST) programs.
  • However, Cove Capital Investments, LLC does not guarantee the accuracy and validity of the information herein.
  • Securities offered throughGrowth Capital Services, memberFINRA,SIPC, Office of Supervisory Jurisdiction located at 582 Market Street, Suite 300, San Francisco, CA 94104.

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

Retrieved on: 
Thursday, February 25, 2021

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.
  • 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).
  • Any anticipated distribution is based, in part, on the amount of cash received or expected to be received by the Trust from PCEC with respect to the relevant period.