DST

DGAP-News: Delivery Hero invests in on-demand grocery delivery company Gorillas to further advance the quick commerce industry

Tuesday, October 19, 2021 - 7:01am

Delivery Hero is taking a minority stake in the Berlin-based on-demand grocery delivery company Gorillas, investing USD 235 million (EUR 200 million)

Key Points: 
  • Delivery Hero is taking a minority stake in the Berlin-based on-demand grocery delivery company Gorillas, investing USD 235 million (EUR 200 million)
    Delivery Hero led Gorillas' series C funding round, now holding approximately 8% in the company
    Berlin, 19 October 2021 - Delivery Hero SE ("Delivery Hero"), the world's leading local delivery platform, today announced that it has invested USD 235 million (EUR 200 million) in the Berlin-based on-demand delivery startup Gorillas Technologies GmbH ("Gorillas").
  • Delivery Hero is proud to support companies that disrupt the delivery landscape through an innovative and entrepreneurial spirit.
  • Niklas stberg, CEO and Co-Founder of Delivery Hero, said: "Delivery Hero is on a mission to advance quick commerce globally and we see Gorillas as one of the leaders in Europe and the US.
  • The company started as a food delivery service in 2011 and today runs its own delivery platform on four continents.

Net Lease Investors Fully Subscribe an ExchangeRight $86 Million Offering

Thursday, October 14, 2021 - 2:00pm

ExchangeRight has fully subscribed its $86.38 million Net-Leased Portfolio 48 DST offering, which is designed to generate investor distributions from over 287,000 square feet of net-leased property.

Key Points: 
  • ExchangeRight has fully subscribed its $86.38 million Net-Leased Portfolio 48 DST offering, which is designed to generate investor distributions from over 287,000 square feet of net-leased property.
  • Net-Leased Portfolio 48 DST is structured to generate stable monthly cash flow to investors, starting at an annualized rate of 6.11%.
  • We are proud to continue to serve investors immediate and long-term needs with our latest offering, said Warren Thomas, a managing partner of ExchangeRight.
  • All of the companys current and past offerings have met or exceeded targeted cash flow distributions to investors since the companys founding.

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.

ExchangeRight Affiliate Telos Capital Achieves 21.1% Investor IRR with Value-Add Industrial Portfolio

Thursday, September 2, 2021 - 7:13pm

The industrial asset was acquired by Telos to generate stable monthly cash flow to investors and value-add upside potential due to the low basis and potential to strengthen the propertys tenancy.

Key Points: 
  • The industrial asset was acquired by Telos to generate stable monthly cash flow to investors and value-add upside potential due to the low basis and potential to strengthen the propertys tenancy.
  • Telos Capital targets discounted, value-add, or opportunistic private real estate investments across all asset classes and sectors.
  • The principals of Telos invest side-by-side with investors and are generally the largest investors in the companys projects.
  • Telos is affiliated with ExchangeRight, one of the nations largest 1031 DST sponsors.

Capital Square Makes Inc. 5000 List of Most Successful Companies in the Country for Fifth Consecutive Year

Monday, August 23, 2021 - 1:00pm

"Being one of the fastest-growing private companies in America for the fifth year in a row is a very rewarding team effort for Capital Square," said Louis Rogers, founder and chief executive officer of Capital Square.

Key Points: 
  • "Being one of the fastest-growing private companies in America for the fifth year in a row is a very rewarding team effort for Capital Square," said Louis Rogers, founder and chief executive officer of Capital Square.
  • The Inc. 5000 list is comprised of the top 5,000 fastest-growing private firms in America and is based on a three-year percentage of revenue growth rate.
  • Capital Square has sponsored 103 investment offerings that acquired 140 properties with a transaction volume of $3.565 billion for more than 3,500 investors nationwide.
  • Since 2017, Capital Square has been recognized by Inc. 5000 as one of the fastest growing companies in the nation for five consecutive years.

Bengal Announces Operational Update for its Expanded Development Program

Monday, August 23, 2021 - 11:30am

Bengal has identified four wells to be tested and re-completed for production in its first phase of development.

Key Points: 
  • Bengal has identified four wells to be tested and re-completed for production in its first phase of development.
  • Mr. Chakrabarty continued, "The potential of the area covered by the planned work program has already been demonstrated through multiple drilling successes.
  • The potential upside of this area is significant and the Bengal work program is located over highly prospective parts of our acreage.
  • In executing these contracts, Bengal has laid the foundations to work towards bringing our operated development asset portfolio into production.

Investors Seeking Net Lease Stability Fully Subscribe ExchangeRight’s Latest DST Offering

Thursday, August 19, 2021 - 2:00pm

ExchangeRight has fully subscribed its $58.85 million Net-Leased Portfolio 47 DST offering, which is designed to preserve investor capital, generate stable income, and provide access to ExchangeRight's aggregated exit strategy.

Key Points: 
  • ExchangeRight has fully subscribed its $58.85 million Net-Leased Portfolio 47 DST offering, which is designed to preserve investor capital, generate stable income, and provide access to ExchangeRight's aggregated exit strategy.
  • The tenants selected for the offering satisfy the companys disciplined acquisition criteria, which target net-leased properties backed primarily by investment-grade tenants operating essential businesses.
  • Net-Leased Portfolio 47 DST is structured to generate stable monthly cash flow to investors, starting at an annualized rate of 6.10%.
  • All of the companys current and past offerings have met or exceeded targeted cash flow distributions to investors since the companys founding.