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Free cpece webinars
The 721 Exchange UPREIT Exit Strategy For 1031 Exchange Investors

THE 721 EXCHANGE UPREIT EXIT STRATEGY FOR 1031 EXCHANGE INVESTORS

Available Date(s)
Wednesday, January 08, 2025: 2:00PM EST

Cost Free
CPE Credits 1.0 hour
Subject Area 1.0 - Taxes (Federal Tax)
CE Credits 1.0 hour
Course Id# - HURS9-T-01770-24-O
Course Level Basic
Instructional Method Group Internet Based
Prerequisites None
Advanced Preparation None
Course Description

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:


  • Identify the two-step 721 Exchange UPREIT process

  • List the specific steps to participate in a 721 Exchange UPREIT for estate planning purposes

  • Recognize the tax advantages of the 721 Exchange

  • Evaluate how a 721 Exchange can contribute to both income and appreciation potential along with liquidity potential for real estate investors

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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.

Additional Materials
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Frequently Asked Questions
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  • CPE is available to all eligible participants within 24 hours of each webinar.
  • To receive CPE for multiple attendees, at least one person must sign up for the webinar. The post-webinar email contains a link to instructions for the proctor letter. Alternatively, you may log in to your account following the webinar and click on the MY ACCOUNT button to find a link to instructions. For paid courses, payment needs to be made for each attendee before credit will be issued.
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About Our Presenter

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Kay Properties and Investments, LLC is a national Delaware Statutory Trust (DST) investment firm with offices in LA, NY and DC. Kay Properties team members collectively have over 94 years of real estate experience, are licensed in all 50 states, and have participated in over $7 Billion of DST real estate. Our clients have the ability to participate in private, exclusively available, off-market DST properties as well as those presented to the wider DST marketplace; with the exception of those that fail our due-diligence process. To learn more about Kay Properties please visit: www.kpi1031.com ________________________________________________________________________________________________________________________ This material does not constitute an offer to sell nor a solicitation of an offer to buy any security. Such offers can be made only by the confidential Private Placement Memorandum (the “Memorandum”). Please be aware that this material cannot and does not replace the Memorandum and is qualified in its entirety by the Memorandum. Securities offered through WealthForge Securities, LLC. Member FINRA/SIPC. This material contains information that has been obtained from sources believed to be reliable. However, Kay Properties and Investments, LLC, WealthForge Securities, LLC and their representatives do not guarantee the accuracy and validity of the information herein. Investors should perform their own investigations before considering any investment. IRC Section 1031, IRC Section 1033 and IRC Section 721 are complex tax codes therefore you should consult your tax or legal professional for details regarding your situation. This material is not intended as tax or legal advice. There are material risks associated with investing in real estate, Delaware Statutory Trust (DST) properties and real estate securities. These include tenant vacancies, potential loss of investment principal, that past performance is not a guarantee of future results, that potential cash flow, potential returns and potential appreciation are not guaranteed in any way and that real estate is typically an illiquid investment. For an investor to qualify for any type of investment, there are both financial requirements and suitability requirements that must match specific objectives, goals and risk tolerances.