Company News
Kingsbarn Secures City Council Approval For Terravita Residential Development in Laguna Hills
18.5-Acre Former Office Campus Re-Entitled for 480 Residential Units
\
Laguna Hills, California (June 10, 2026) – Kingsbarn Capital & Development (“Company” or “Kingsbarn”) is pleased to announce that the Laguna Hills City Council has approved Terravita, an 18.5-acre residential development located on the former HERE and Spectrum Summit office campus in Laguna Hills, California.
After serving the community for more than four decades as a seven-building office campus, the property has been successfully re-entitled for 480 dwelling units. The approved plan includes 259 duet, duplex, and triplex homes, along with 221 apartments, including 24 very low-income affordable units.
Terravita represents the thoughtful repositioning of an aging office campus into a new residential community designed to help address the region’s housing needs while bringing new life to a well-located infill site.
“This approval marks an important milestone for Terravita and reflects years of disciplined planning, collaboration, and perseverance,” said Phil Mader, President of Kingsbarn Capital & Development. “We are grateful to the City of Laguna Hills, our project team, and everyone involved in advancing a plan that thoughtfully reimagines an underutilized office campus into much-needed housing for the community.”
The project team includes architects Urban Arena and AO, land use counsel Morgan Gallagher of Cox Castle, and development partner Kelemen Company.
Kingsbarn also extends its appreciation to the Laguna Hills City Council, including Mayor Don Caskey, Mayor Pro Tempore Jared Mathis, Councilmember Joshua Sweeney, and Councilmember Erica Pezold, as well as Senior Planner Jay Wu and Community Development Director Jennifer Lowe, for their leadership and guidance throughout the entitlement process.
“Terravita is a strong example of how aging commercial properties can be thoughtfully repositioned to meet the evolving needs of Southern California communities,” said Jeff Pori, CEO of Kingsbarn. “We are proud to help bring this vision one step closer to reality and look forward to the continued advancement of this important residential community.”
About Kingsbarn Realty Capital
Kingsbarn Realty Capital, parent company of Kingsbarn Capital & Development, is a real estate-centric investment house that provides institutional and accredited private investors access to an array of alternative investments. Kingsbarn offers investments in private equity, exchange traded funds, traditional investment funds, private capital, managed accounts and Delaware Statutory Trusts (DSTs). Additionally, Kingsbarn’s management team has wide-ranging experience developing, managing, operating, and sponsoring a diversified portfolio of stabilized, income-driven properties as well as ground-up construction, value-added offerings, opportunity zone investments, and entitlement projects. Kingsbarn has over $2.6 billion of assets under management and has acquired over 320 properties throughout the United States. The company currently has a development pipeline of over $2 billion consisting of multifamily, student housing, medical, industrial, retail, and hospitality. For further information, visit www.kingsbarn.com
Kingsbarn Media Contacts:
Emma Williams & Holly Silvestri
The Ferraro Group
(702) 367-7771
emma@theferrarogroup.com
holly@theferrarogroup.com
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.