Company News
Kingsbarn Makes Healthcare Acquisition in Olympia, Washington
Las Vegas, Nevada, March 25, 2019 – KB Exchange Trust, an affiliate of Kingsbarn Realty Capital (“Company” or “Kingsbarn”), announced the acquisition of a 15,500 sq. ft. medical clinic leased for 15 years to Fresenius Medical Care Holdings, a wholly-owned subsidiary of Fresenius Kidney Care (NYSE: FMS).
“This purchase is the 36th dialysis clinic acquisition we have made over the last four years,” said Jeff Pori, CEO of Kingsbarn Realty Capital. “1031 exchange investors have already purchased all of the DST interests for this property entirely.” “We have found our medical DST program to be extremely popular with investors who are seeking a simplified 1031 exchange solution with an investment-grade tenant on a long-term lease.” The building is in a medical park with two hospitals within 2 blocks of the property (Kaiser Permanente Olympia Medical Center & Providence St. Peter Hospital).
Fresenius Kidney Care is the world’s largest integrated provider of products and services for individuals undergoing dialysis due to chronic kidney failure. The company was founded over 100 years ago, and today has over 114,000 employees and a network of more than 2,700 dialysis clinics worldwide. Fresenius is a Fortune Global 500® company with a market capitalization of approximately $25 billion.
About Kingsbarn Realty Capital
Kingsbarn Real Estate Capital is a subsidiary of Kingbarn Realty Capital, a real estate private equity firm focused on acquiring high-quality property assets located throughout the United States. Kingsbarn structures its real estate investment opportunities for both fractional 1031 investors as well as customized portfolio solutions for large scale investors seeking single allocations. Kingsbarn’s management team has extensive experience developing, managing, and sponsoring a diverse array of stabilized, income-driven properties. The Kingsbarn management team has over 100 years of combined real estate experience and has acquired over $10 billion of commercial real estate throughout the United States.
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.