Kingsbarn Realty Capital Acquires Multi-Asset Healthcare Portfolio
Acquisition Extends the Company’s Leadership in Credit-Quality Healthcare Real Estate
PR Newswire
LAS VEGAS, July 2, 2018
LAS VEGAS, July 2, 2018 /PRNewswire/ — Kingsbarn Realty Capital (“Company” or “Kingsbarn”), announced the closing of a diversified multi-asset healthcare portfolio, consisting of six healthcare properties located in South Carolina, Kentucky, Wisconsin, Tennessee and Pennsylvania. This six-property portfolio consists of 49,287 total square feet, fully occupied by Fortune 500 companies, on long-term net leases. The six 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.
Four of the portfolio properties located in South Carolina, Kentucky and Wisconsin 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 property located in Tennessee is leased to DaVita Kidney Care, the second largest provider of kidney care within the United States, with more than 2,700 locations. The Pennsylvania property is leased to Walgreens, the largest pharmacy chain in the United States.
The Company focuses on acquiring credit-tenant properties located throughout the United States, in the demand-driven healthcare sector. Property portfolios are structured as Delaware Statutory Trusts (“DSTs”) and offer diversified ownership opportunities for accredited investors seeking 1031 exchange replacement properties. “Due to increasing demand for healthcare properties, and growing trends in passive 1031 real estate ownership, we have created those investment opportunities for our clients,” says Jeff Pori, CEO of Kingsbarn.
“This recent portfolio closing is consistent with our purpose-driven investment strategy and is designed to provide investors with tax efficient income and low volatility.”
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.
Kingsbarn’s real estate investment programs are offered through Triloma Securities, a member FINRA/SIPC and an affiliate of Triloma Financial Group.
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.
About Triloma Financial Group
Triloma Financial Group is a relationship-focused investment firm doing business to change lives. Through its partnership approach and independent model, Triloma’s seasoned team is able to better anticipate client needs to help them meet their goals. Triloma enjoys relationships with over 81 independent broker-dealer firms and RIAs and more than 30,000 financial advisors. Triloma offers a diversified platform of private placement equity and debt investment programs.
Securities are offered through Triloma Securities, member FINRA/SIPC, an affiliate of Triloma Financial Group.
Triloma, Kingsbarn, Fresenius, Walgreens and DaVita are not affiliated.
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. Triloma assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events or circumstances.
Contact:
Tony DeFazio
DeFazio Communications
tony@defaziocommunications.com
(O): 484-534-3306
(C): 484-410-1354
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SOURCE Kingsbarn Realty Capital
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