721 Exchange UPREIT Due Diligence 101 - Key Points Investors Need to Consider

721 Exchange UPREIT Due Diligence 101 - Key Points Investors Need to Consider

Author: Dwight Kay, CEO & Founder at Kay Properties & Investments April 11, 2025 Duration: 30:17

In recent years, non-traded and perpetual life REITs (REITs that don't have a predetermined termination date, allowing them to operate and reinvest capital continuously without a forced dissolution) have emerged as attractive vehicles for real estate investors, especially within the 721 UPREIT DST structure. While these vehicles offer tax-deferred exchange benefits and diversified exposure to real estate, investors must scrutinize several key financial metrics to avoid hidden pitfalls.

Kay Properties reviews scores of new DST and 721 UPREIT offerings and DST sponsor companies each year. We take our due diligence process very seriously, ensuring that each potential offering is strictly vetted before it is allowed to be posted on our www.kpi1031.com marketplace. Our goal is to provide our clients with thoroughly reviewed investment opportunities, allowing them to make informed decisions when considering Delaware Statutory Trusts (DSTs) and 721 UPREIT investments.  As we consider a DST or 721 UPREIT offering and/or a sponsor firm, we use some very specific items within our due diligence process. 

 


Tune in for straightforward conversations about Delaware Statutory Trusts, a specific and often complex investment vehicle. Hosted by Dwight Kay, the CEO and Founder of Kay Properties & Investments, this Kay Properties Podcast moves beyond surface-level summaries to provide a detailed examination of the investment landscape. Each episode focuses on the practical realities of DST investing, drawing directly from the firm's experience as a national DST investment firm. You'll hear specific discussions analyzing the strategies, track records, and offerings of more than twenty-five different DST sponsor companies that are accessible to investors. The dialogue is geared toward those seeking to understand the nuances behind the investments, offering clarity on how different sponsors operate and what distinguishes their approaches. This isn't about generic financial advice; it's a focused resource for accredited investors and professionals who want to make informed decisions based on in-depth sponsor evaluations. The Kay Properties Podcast serves as an audio companion to that process, breaking down the details in a conversational format that prioritizes substance over hype. Expect a direct, insider's perspective on the DST marketplace, all aimed at demystifying the options available for a 1031 exchange or other strategic investment plans.
Author: Language: English Episodes: 100

Kay Properties Podcast
Podcast Episodes
What is the 721 UPREIT Exchange Exit Strategy? [not-audio_url] [/not-audio_url]

Duration: 34:19
One of the most important questions Delaware Statutory Trust real estate investors need to ask themselves is, "What is my long-term, exit strategy?" Most Delaware Statutory Trust (DST) investments are typically held for…
Kay Properties & Investments DST Client Testimonial [not-audio_url] [/not-audio_url]

Duration: 15:27
This podcast features two actual investors who share how they turned to Kay Properties and Investments when they decided to exit the world of active management of their multifamily real estate portfolio and the the "Terr…
The Pros and Cons of the Delaware Statutory Trust [not-audio_url] [/not-audio_url]

Duration: 25:47
Real estate investors love Delaware Statutory Trusts for their 1031 exchanges because they can potentially provide investors the opportunity to defer capital gains taxes, eliminate active management responsibilities, and…
What is a Zero Coupon Delaware Statutory Trust [not-audio_url] [/not-audio_url]

Duration: 20:20
One of the more complex strategies 1031 exchange investors should be aware of is the Zero Coupon DST 1031 Exchange. Listen to Kay Properties Senior Vice President Alex Madden and Vice President Tim Emanuel describe how i…
How Delaware Statutory Trusts Investors with Wealth Preservation [not-audio_url] [/not-audio_url]

Duration: 45:06
It's been called the greatest wealth transfer in history - It is estimated that $84 trillion in assets is set to change hands over the next 20 years. Not surprisingly, real estate accounts for the vast percentage of this…