Kay Properties and Investments - Torrance, California

Nicolina C.

Investors beware! I have used Kay properties twice in the last four years. Our first investment is distributing payments regularly although the return is lower than expected.
However the last DST we invested in, is being managed by Durham DST Internacional, the property has a fixed loan for five years at 2% it consists a 280 units located in Houston and built in 2022. Investors have put up around 50% of the purchase price. I am not an expert and relied on the broker that should have vetted and analyzed the offering, it looked solid on paper and my family invested the proceeds of an exchange around $525k. The return started at $ 1600 monthly for a few months, later it dropped to $1200 for a few more months. I Had a gut feeling we were getting scammed. In May 2024 they informed us that the storm had caused a black out for a week and they had some other issues, therefore they would stop distributions to investors for two months. That was the start, we have received zero payments for the last 8 months. The units have 96% occupancy, the management is basically telling us that the anticipated rent increase have not materialized and additionally the trust had to contribute $600000 to float the property. They resumed payments this February we got $600. This is a disastrous investment. I have owned and managed rental properties for thirty years and the failure of this property is non excusable. If you are thinking of investment in DST think twice. There is no guarantee you will ever see your capital again nor returns. They are collecting millions and we have no control of how it is spent. You could be wasting your lifetime retirement income. Nobody wishes to be involved in legal actions, however we need to consult law firms to bring some type of lawsuit and audit the books.

Debora H.

Several years ago, my son mentioned to a running partner that his 70-year-old retired professor mother had a rent house that she no longer wanted to make needed repairs on or manage. His friend told him about DSTs and suggested I contact Alex at Kay Properties. Two years later and now the property has been sold and I’ve acquired a DST and expect to start receiving income soon. A perfect solution for me! Alex and Nick have been great in patiently educating me about DSTs, helping me define my investment strategies, risk tolerance and timeline. They narrowed down options that would work best for me. As I procrastinated selling my property, Nick gently contacted me weekly for an update on the sale. He was always friendly and never pressuring. Finally, I sold the property myself without a broker and was ready to commit to appropriate DSTs. I am not someone familiar at all with financial transactions, the business world, or the real estate market. Kay Properties never made me feel inadequate or stupid. They stayed with me over two years, answering every question I had. I am now educated, competent, and confident about this new class of investment. I have only the best things to say about the excellent personal and personalized attention I received from Nick, Alex, Shay and Cove Capital. I'm a very happy camper now! Thanks, Kay Properties.

jeffrey G.

Over the last several months I have been working with Kay Properties with regard to purchasing a DST. My point of contacts were both Keith Cawley and Steven Haskell. I can't say enough about these two gentlemen as they were extremely informed, helpful and gave great advice. They provided great service and were always available for questions making the decision process easy and smooth. I would recommend anyone looking to do an exchange into a DST to work with these two gentlemen at Kay Properties.

Lee L.

I have been working with Betty and Matt at Kay Properties for about two and a half years and I cannot say enough about my experience. I spoke to several companies when I first considered doing a 1031 exchange into a DST and ultimately chose Kay Properties. Betty and Matt were extremely patient when I made my first purchase. Since that time I have made multiple purchases and they have been there every step of the way each time to advise me and make sure the process went smoothly. I feel like I am in very good hands. DSTs have proven to be a great product for me as I transition away from wanting to actively manage rental properties. I am already gone one full cycle with two DST and again Betty and Matt were there to provide the support I needed. I have no doubt I will continue to work with Kay Properties in the years to come.

Leo W

Devine M.

We recently closed on our first DST investments through a 1031 tax exchange. Working with Matthew McFarland and Abraham Jaimes made our experience a good one with their professional, friendly, patient demeanor throughout the process. Even when it looked as though we may go a different route, nothing changed in the way they dealt with us. We really appreciated them making this experience as stress free as possible. It's been a pleasure doing business with Kay Properties.

Michael B.

Recently I sold an investment property and used the proceeds, tax free to invest into 4 DST properties. I can’t say enough about my positive experience working with Matt McFarland and Abraham Jaimes. Matt was extremely knowledgeable, patient, and prompt with getting back to us through out the process. As an investor with little experience in 1031 DST exchanges I learned so much from Matt. I would highly recommend working with Matt & Kay Properties. Although only 2 months into receiving my monthly distributions I am looking forward to a long relationship with Kay Properties.

Milton G.

I have been investing with Kay Properties since 2014 when I sold a commercial property. Their advice and guidance has been excellent and gave me the capability to invest in properties with better financial outcomes and risk diversified over multiple properties of different types and geography. In total we have successfully purchased and/or exchanged a total of 11 DSTs. Our last transaction was completed with the expert help of Matt McFarland. His knowledge of the properties available and how they fit my goals was great. We have another exchange in process and I am looking forward to working with Matt and Kay Properties. I have also had great results working with Dwight Kay and Chay Lapin and have recommended KPI to family members.

Shmuel B.

We just used the Kay Properties services again for the 7th time. Years ago we sold a rental property that we held for 30 years. Deferring taxes while avoiding landlord "headaches" led us to a DST 1031 exchange decision. We interviewed several firms before settling on Kay Properties. They are very professional and helped us through the selection process of replacement properties. We used them again two years ago when two properties were sold. Dwight and Chay were most helpful when they patiently guided us through the properties selection stage, advising for and against some choices based on our circumstances. Matt McFarland was very helpful this last time, patiently going over appropriate investments, cons and pros.
We recommend Kay Properties to anyone considering a DST exchange.