Kay Properties
Overview
Kay Properties & Investments is the largest independent DST marketplace, founded in 2010 by Dwight Kay, aggregating offerings from 25-plus sponsors alongside custom 'Kay-only' debt-free DSTs and an unusual secondary market for DST interests. The platform's scale shows in its record 2021 placement of roughly $610 million in equity—up nearly 50% year over year—and in a cumulative volume that it frames as participation in more than $30 billion of DST 1031 investments. Its differentiation is curation, custom structuring and investor education rather than balance-sheet sponsorship; the firm sits between investors and sponsors as the category's leading distribution and advisory hub.
Strategy & advantages
- Operates the largest independent DST marketplace, aggregating 25+ sponsors, distribution scale single sponsors lack.
- Structures custom, debt-free 'Kay-only' DSTs unavailable elsewhere.
- Placed a record ~$610 million in equity in 2021, up nearly 50% year over year.
- Runs a secondary market for DST interests, a rare liquidity feature.
- Has participated in $30B+ of DST 1031 investments cumulatively with a robust education platform.
Important disclosures. Sponsor information and performance metrics are sponsor-reported and compiled by Baker 1031 from sponsor and public sources; they have not been independently verified and are subject to change. Full-cycle returns, equity multiples, hold periods, and success rates reflect realized programs only (survivorship bias), are averaged across differing assets, vintages, and structures, are net of fees and program expenses, and are not indicative of future results and not a recommendation. Designation as a preferred sponsor reflects Baker’s due-diligence coverage, not an endorsement or guarantee. For accredited investors only; not an offer or solicitation. Securities offered through Aurora Securities, Inc. (ASI), member FINRA/SIPC; subject to registered-principal approval.