Kay Properties president · FNEX · CRD 6275140
Chay Lapin
Kay Properties president. FNEX Capital CRD 6275140. Commissioned seller on AW Newport and The Nine. Sold NP Skyloft as well as this book.
President of Kay Properties & Investments (kpi1031.com) — a national 1031/DST placement firm. Securities through FNEX Capital, LLC (CRD 166316) since 23 Jan 2022. Firm marketing: “over $30 billion” of 1031 investments. UCLA. Same desk as Jason Salmon.
Commissioned seller on AW Newport and The Nine. Form D associated BD was WealthForge Securities, LLC (CRD 152550). Managing-BD succession on this book was Emerson → WealthForge → MIT.
Prior registrations: Growth Capital Services (23 Jul 2020–14 Jan 2022); WealthForge (12 Jun 2017–28 Jul 2020); Colorado Financial Service Corporation (14 Jul 2015–8 Jun 2017).
Also sold Patrick Nelson’s NP Skyloft DST. Wolper Law (Jun 2023) recapped five then-pending Skyloft due-diligence claims plus a 2019 denied complaint. Those Skyloft items are not on the Aug 2026 remaining three. Skyloft is Patrick Nelson’s book. Form D overlap is not the same sponsor as 4th & J or Vintage.
BrokerCheck as of 20 Aug 2026: 3 customer disputes, none pending.
- Settled (notice 21 Oct 2025): Passco-sponsored private placement, 2018–19 activity at WealthForge. Alleged $500,000; $50,000 firm / $25,000 individual. His line: COVID impact; he had no control of the property.
- Closed: Colorado Financial, $400,000 alleged; dismissed without prejudice under FINRA Rule 12206 (eligibility). He was a non-party; claim was against the BD.
- Denied (2019): two private placements “not performing”; funds “locked.” His line: still occupied and cash-flowing; no principal loss.