Keystone 1031 Buys Six Net-Leased Retail Properties for DST Portfolio

Keystone 1031 (KNPRE 1031), a sponsor of impact and tax advantaged investments, has purchased six net leased properties in major metro areas on behalf of their current Delaware statutory trust offering, Keystone 1031 Net Leased Portfolio.

Keystone 1031, a sponsor of impact and tax advantaged investments, has purchased six net-leased retail properties on behalf of their current Delaware statutory trust offering, Keystone 1031 Net Leased Portfolio. The offering seeks to raise approximately $15.4 million in equity from accredited investors.

The single-tenant properties total more than 58,000 square feet and are leased to Sherwin-Williams, Firestone, O’Reilly’s Auto Parts, 7-Eleven, and Walgreens. The company noted that the portfolio is diversified across four states – Florida, Texas, Kansas, and Washington – with 75 percent of the portfolio income generated in states with no state income tax. Keystone secured 10-year, fixed interest rate, non-recourse debt for the acquisition.

“We structured this portfolio to weather future market conditions by selecting real estate investors will want to own regardless of who the tenant is because the properties are in great locations in major markets, stable or growing demographics, and nationally recognized brands with proven histories of managing operations through various market cycles,” said Mike Packman, Keystone’s founder and chief executive officer.

Keystone 1031 is a member of the Keystone National Property family of companies. Established in 2016, KNPRE provides impact and tax-advantaged investment opportunities for accredited investors.

For more KNPRE 1031 news, please visit their directory page.