Company News
KB Exchange Trust Purchases Three Medical Properties in Texas and Missouri
Los Angeles, CA (May 9, 2017) – KB Exchange Trust ("KB") announced the acquisition of three buildings located in Texas and Missouri. All three properties are newly-constructed dialysis clinics leased to Fresenius Medical Care, totaling a combined rentable space of approximately 28,000 square feet. The properties were acquired in separate transactions for a combined purchase price of $13.5 million.
"We have had a growing demand for medical properties in Texas," stated KB Exchange Trust managing partner Jeff Pori. "Finding credit-tenant medical properties with long-term leases in place can be challenging. We have been very successful at having inventory available for our investors to close in accordance with their exchange timelines."
"All of the properties in this portfolio were acquired from preferred developers from whom we have previously acquired medical properties. Our consistent ability to locate and acquire these investment-grade, medical opportunities is a hallmark of our 1031 exchange program," Pori added. "Our investors expect us to have these properties available when they are ready to close and complete their exchanges."
Publicly-traded on the New York Stock Exchange (NYSE: FMS), Fresenius Medical Care is the world's largest provider of dialysis services for chronic kidney diseases. Fresenius has a $30 billion market capitalization with over 100,000 employees and a network of over 3,600 dialysis clinics in North America, Europe, Latin America, Asia-Pacific, and Africa. The top provider of dialysis treatment in the world, Fresenius Medical Care is a Global Fortune 500® Company.
KB has acquired 23 healthcare-related properties within the past three years for its various 1031 exchange related programs.
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.
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.
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.