June 15, 2018
To whom it may concern,
I have been an investor in our economy for over 50 years. Over the last year I have set up primarily DST real estate investments in my retirement years. If you make more restrictive the "accredited investor" rules I would no longer be a qualified investor and when my investments require rolling over(1031 xchg) in 5 years or so I would not be able to continue the program of DST. This would trigger a massive tax on me for State of California and US federal taxes that would wipe out much my retirement. Please do not punish stuggling retired people in this country if you're going to change the rules and make them more restrictive. If you must, do it to the new entries coming into the program, not to those who are trying to continue with their DST programs.
I can tell you up front if you implement such a restrictive requirement my Capital will leave the United States, I will no longer invest in our country.