Company News
KB Exchange Trust Acquires 14 Healthcare-Related Properties in 10 States
Los Angeles, CA (October 16 2017) - KB Exchange Trust, an affiliate of Kingsbarn Realty Capital, acquired 14 properties located in New York, New Jersey, Massachusetts, Pennsylvania, Ohio, Illinois, Iowa, Texas, Missouri, and California. The aggregate purchase price for the 14 properties, which were acquired in a four-month span between April and August, totaled over $65.9 million.
Nine of these properties are newly-constructed dialysis clinics leased to Fresenius Medical Care. In addition, three hold newly-extended leases to Fresenius Medical Care; one property is leased to DaVita; and one is leased to Walgreens. KB Exchange Trust has quickly broadened their portfolio to meet strong demand from accredited investors.
KB Exchange Trust structures their commercial real estate offerings as Delaware Statutory Trusts (DSTs). A DST is a separate legal entity which qualifies under Section 1031 as a tax-deferred exchange. This secured-investment structure allows investors fractional ownership to help diversify their investment portfolios and acquire higher-quality properties.
“We had a busy summer with many acquisitions, mostly for our medical DST program,” stated KB Exchange Trust managing partner Jeff Pori. “We saw early in the year that the pipeline for third and fourth quarter deliveries was substantially less than the second quarter. We decided to load up on inventory early so that we would have enough DST product to provide through the end of 2017.”
Over the past four years, KB has acquired 30 healthcare-related properties leased to investment-grade, publicly-traded tenants for its various 1031-exchange-related programs.
These investment-grade tenants include Fresenius Medical Care, DaVita, and Walgreens. Fresenius Medical Care the world’s largest provider of dialysis services for chronic kidney diseases and is publicly-traded on the New York Stock Exchange (NYSE: FMS). DaVita Healthcare Partners, Inc. (“DaVita”) (NYSE: DVA), a Fortune 500® company, is a leading provider of kidney care in the United States. Walgreens is the largest drugstore chain in the United States, with over 8,200 drugstores in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.
To learn more about the benefits of Delaware Statutory Trusts, please visit: http://www.kingsbarn.com
About KB Exchange Trust
KB Exchange Trust is a sponsor of DST-structured real estate investments, specializing in single-tenant, net-leased properties. The sponsor's experienced management team has purchased and closed over $2 billion of fractional ownership properties for its 1031 investor clientele.
KB Exchange Trust DST interests are securities as defined by the Securities and Exchange Act of 1934 and may be sold only to “accredited investors" who meet certain minimum annual income or net-worth thresholds. The securities are subject to legal restrictions on transfer and there is no market for resale. These securities are being offered in reliance on an exemption from registration, and neither the U.S. Securities and Exchange Commission nor any other regulatory authority has passed upon the merits of an investment in the securities or passed upon the adequacy or accuracy of the offering materials describing the securities. Investing in securities involves risk, and investors should be able to bear the loss of their investment.
About Kingsbarn Realty Capital
Kingsbarn Realty Capital is a real estate private equity firm focused on acquiring commercial property assets throughout the United States. Offering both direct and indirect real estate investments, Kingsbarn provides clients with the opportunity to invest in its various structured real estate private placements. Kingsbarn’s management team has extensive experience developing, managing, and sponsoring a diverse array of stabilized core properties and income-driven investment funds. Competitive, risk-adjusted returns are offered to Kingsbarn investors through diversified investment programs.
Contact:
Holly Silvestri, The Ferraro Group
holly@theferrarogroup.com
(702) 367-7771
No Offer
This is not an offer. An offer will only be made pursuant to the delivery of the required offering documents, including the private placement memorandum, as supplemented or amended (the “Memorandum”) and only in states in which the securities offered pursuant to the Memorandum are registered or exempt from registration requirements, and only by broker-dealers authorized to do so. This information discusses general information about the portfolio and is not a guarantee, prediction or projection of future performance. Diversification does not protect against loss or guarantee return. There are risks associated with investing in real estate assets, such as inflation, interest rates, real estate tax rates, changes in the general economic climate, local conditions such as population trends and neighborhood values, and supply and demand for similar property types. Investing in DSTs and 1031 exchanges involves significant tax consequences. Please refer to the Memorandum for detailed information about the offering and its associated risks and implications.
Forward-Looking Statements
This press release may contain forward-looking statements identified by the use of words such as “outlook,” “indicator,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release. Kingsbarn assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events or circumstances.