Las Vegas, NV, May 31, 2019 – Kingsbarn Realty Capital (“Company” or “Kingsbarn”) announced the acquisition of four dialysis clinics in the Dallas metropolitan area. The properties are leased to DaVita Inc. one of the largest providers of dialysis in the United States.
“This Dallas portfolio is right down the fairway for what our investors are looking for,” said Jeff Pori, CEO of Kingsbarn Realty Capital. “Medical tenant, long-term leases, and in a tax-free state … it checks all the boxes.”
DaVita Inc. is a publicly-traded, Fortune 500 company (NYSE:DVA) with a market capitalization of approximately $7 billion. It is also an S&P 500 company. DaVita Kidney Care operates or provides administrative services at 2,445 outpatient dialysis centers located in the United States serving approximately 194,600 patients. The company also operated 217 outpatient dialysis centers located in 11 countries outside the United States.
The purchase of the four DaVita properties marks the 39th dialysis clinic acquisition by Kingsbarn over the past five years. This makes Kingsbarn one of the nations largest buyers of these single-tenant clinics.
The Company’s affiliate, 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. 1031 exchange investors are able to immediately invest in this portfolio offering with a minimum investment of $100,000. There is a total of $8,975,000 of equity available in this offering.
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.
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.
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.