If you are a real estate investor or have clients in real estate, chances are you’ve asked yourself, “What are my exit strategy options for my appreciated real estate when it comes to deferring my taxes?” One of the lesser-known but highly effective options for investors is called the 721 Exchange UPREIT. In this webinar, Chay Lapin, President of Kay Properties and one of the nation’s experts on 1031 exchange, 721 exchange, and DST investment strategies, will explain the potential opportunities that exist for investors within Section 721 of the Internal Revenue Code that states “that no gain or loss will be recognized when property is contributed to a partnership in exchange for an interest in the partnership.”
Our presenter will describe exactly how the two-step 721 Exchange UPREIT process works, and how investors can potentially achieve tax advantages and diversification along with increasing income potential, appreciation potential, liquidity potential, and estate planning potential.
Learning Objectives:
Chay Lapin has played a critical part of the firm’s success in achieving year-over-year gains in equity placements while also guiding the real estate investment firm’s strategic direction as one of the most successful real estate investment firms specializing in Delaware Statutory Trusts. To date, Chay has helped the firm complete more than $30 Billion of 1031 investments totaling approximately 50 million square feet of multifamily, manufactured housing, single tenant net lease, industrial, self-storage and medical properties nationwide.
As an executive of Kay Properties, Chay is considered by many to be one of the most experienced real estate investment professionals specializing in Delaware Statutory Trusts in the nation. On a daily basis, Chay provides insight to clients nationwide concerning multifamily and commercial real estate, DST, TIC, and fractional NNN Properties. Chay has also helped establish Kay Properties as one of the nation’s leading real estate investment firms offering debt-free real estate offerings for accredited investors, while personally sponsoring more than two million square feet of DST properties in the multifamily, net lease, industrial and office sectors as well as invested in and operated multiple net lease assets and residential properties throughout the United States. Chay is regularly featured in industry publications including BizNow, The Commercial Observer, Yahoo Finance, among others.
Chay Lapin, with longtime friend and business partner Dwight Kay, is the founder of a DST sponsor company called Cove Capital Investments. Today, Dwight and Chay oversee a portfolio of investment properties at Cove Capital Investments of over 2.5 million square feet on behalf of over 1,800 investors. Dwight Kay and Chay Lapin are the co owners of Cove Capital Investments and have established the brand as a top Delaware Statutory Trust sponsor company. Cove Capital Investments, continues to redefine real estate investment for those investors wanting to stay debt free when investing in real estate.
A graduate of the University of California at Los Angeles, Chay was a four-time Academic All-American water polo athlete and recipient of the prestigious UCLA Athletic Department Most Courageous and Character Award. Chay was a top-ranked United States performer and represented the USA in the 2012 London Olympic Games on the U.S. Men’s National Water Polo Team.
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