Delaware Statutory Trusts

Flexible Equity Investments in Single-Tenant, Net-Leased Properties. KB Exchange Trust provides real estate investors with a simplified 1031-exchange solution through Delaware Statutory Trusts (DST) ownership interests in net-leased properties.

Delaware Statutory Trusts (DSTs) provide real estate investors with a way to invest passively in commercial real estate. KB Exchange Trust, as a sponsor of Cash-Flow Trusts, acquires high-quality commercial income properties, places non-recourse financing on the properties, and retains a national, third-party property and asset management firm to manage the properties and make monthly distributions to all investors. Ownership in the Trust is based on a pro-rata share of the equity invested. For example, if a property requires $5 million DST couple of equity to acquire and an investor purchases $1 million worth of the Trust, they will own 20% of the Trust and, as such, shall receive 20% of the cash flow distributions as well as 20% of the depreciation allocation in order to shelter the income from income taxes.

KB Exchange Trust acquires single-tenant properties leased to healthcare-related companies on long-term leases. These companies are generally publicly-traded, highly-regarded companies with revenues exceeding $1 billion annually. The Delaware Statutory Trust ownership structure makes these investments ideal for investors who are in a 1031 exchange. The investment amount is flexible, starting at $100,000, which is also beneficial to 1031 exchange investors who are trying to invest an amount equivalent to their downleg exchange.

Contact Us:

Steven Prescott
Regional VP, San Diego
Phone: 858.240.9000

Jeff Farnsworth
Regional VP, San Francisco
Phone: 415.879.9000

Jeff Farnsworth
Regional VP, San Francisco
Phone: 415.879.9000

Ron Glasgow
Managing Director
Phone: 314.399.4588

Matt Ayer
VP, Direct Investments
Phone: 949.301.9000

For General Inquiries Call Us At:

Current Offerings

BJs Wholesale Club
Property photo BJs Wholesale Club

Single-Tenant Pensacola, FL

Initial Cash Flow 6.25 %
Min. Investment $0
Available Equity $14,500,000
Palm Bay Grand Apts

Multi-Family Melbourne, FL

Initial Cash Flow 6.00 %
Min. Investment $0
Available Equity $21,650,000
KB Palm Terrace, DST

Multi-Tenant Lake Forest, CA

Initial Cash Flow 7.20 %
Min. Investment $0
Available Equity $25,400,000
KB Gramercy Plaza, DST


Initial Cash Flow 7.00 %
Min. Investment $0
Available Equity $27,725,000
KB Fleet Farm, DST
Property photo KB Fleet Farm, DST

Single-Tenant Appleton, WI

Initial Cash Flow 8.66 %
Min. Investment $0
Available Equity $31,300,000
KB Olympus, DST

Multi-Tenant Roseville, CA

Initial Cash Flow 8.00 %
Min. Investment $250,000
Available Equity $29,000,000
KB Van Nuys, DST
Property photo KB Van Nuys, DST

Multi-Tenant Van Nuys, CA

Initial Cash Flow 7.50 %
Min. Investment $100,000
Available Equity $17,850,000
KB Douglas I, DST


Initial Cash Flow 6.00 %
Min. Investment $0
Available Equity $17,500,000
KB Douglas II, DST
Property photo KB Douglas II, DST

Multi-Tenant Roseville, CA

Initial Cash Flow 6.00 %
Min. Investment $100,000
Available Equity $20,750,000

This website does not offer to sell, or a solicitation of an offer to buy, securities. Offers can only be made through the Private Placement Memorandum which contains various and important risk disclosures. This web site does not purport to be complete and should be viewed in conjunction with the Private Placement Memorandum. An investment of this sort is speculative and involves a high degree of risk. Projections of future performance contained herein are based on specific assumptions discussed more fully in the Private Placement Memorandum and do not constitute a guaranty of future performance.

DST Interests in any of the properties displayed on this website may be sold only to "accredited investors," as defined in Regulation D under the U.S. Securities Act of 1933, as amended (the "Securities Act"), which, for natural persons, refers to investors who meet certain minimum annual income or net worth thresholds. Offers and sales of DST interests have not and will not be registered under the Securities Act or the laws of any U.S. state or non-U.S. jurisdiction and may be offered only pursuant to an exemption from such registration. Neither the U.S. Securities and Exchange Commission nor any other regulatory authority has passed upon the merits of an investment in the DST Interests, has approved or disapproved of DST Interests or passed upon the accuracy or adequacy of this website and any supplementary materials describing the DST Interests. DST Interests are also not subject to the protections of the Investment Company Act of 1940, including the limitations on self-dealing, affiliated transactions and leverage contained therein. DST Interests are subject to legal restrictions on transfer and resale in accordance with the governing documents of the Trust and applicable securities laws, and investors may be unable to sell or transfer their DST interests. In addition, there is no public market for the DST interests and no such market is expected to develop in the future. Investing in the DST securities involves risk, and investors should be able to bear the loss of their investment.