Company News
Kingsbarn Realty Capital Acquires a Diversified Healthcare Portfolio
Las Vegas, NV, July 25, 2018 – Kingsbarn Realty Capital (“Company” or “Kingsbarn”) has announced the closing of another multi-asset healthcare real estate portfolio. The latest acquisition consists of four healthcare properties located in Aurora, Colorado; St. Joseph and House Springs, Missouri; and El Paso, Texas. The four-property portfolio encompasses 33,170 total square feet and is fully occupied by Fortune 500 companies on long-term net leases.
Two of the portfolio properties located in Missouri are leased to DaVita Kidney Care, the second largest provider of kidney care within the United States, with more than 2,700 locations. The other two properties located in Texas and Colorado are leased to Fresenius Medical Care Holdings, Inc., a wholly-owned subsidiary of Fresenius Medical Care, the world’s largest integrated provider of products and services for dialysis treatment.
The four properties will be pooled together in a Delaware Statutory Trust and offered to individual 1031 exchange buyers by the Company’s sponsor, KB Exchange Trust.
“We continue to see a strong pipeline of healthcare properties coming to the market and demand among our clients for this asset class as part of a passive 1031 real estate ownership,” says Jeff Pori, CEO of Kingsbarn Realty Capital. “We focus our investment strategy on sectors that are projected to show sustained growth. With nearly 10,000 people turning 65 years of age each day for the next two decades, we believe healthcare needs will expand dramatically.”
The Company’s Sponsor, KB Exchange Trust, structures commercial real estate offerings as DSTs, a separate legal entity that qualifies under Section 1031 as a tax-deferred exchange. This investment structure provides investors with fractional ownership in higher-quality properties to help diversify their investment portfolios.
About Kingsbarn Realty Capital
Kingsbarn Realty Capital is 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.
Contact:
Tony DeFazio
DeFazio Communications
tony@defaziocommunications.com
(O): 484-534-3306
(C): 484-410-1354
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.