Las Vegas, NV, December 20, 2019 – Kingsbarn Realty Capital (“Company” or “Kingsbarn”) announced the acquisition of four dialysis clinics in Texas, Mississippi, Georgia, and South Carolina. Two of the properties are leased to DaVita Inc. (NYSE:DVA), one of the largest providers of dialysis in the United States, and two of the properties are leased to Fresenius Medical Care, a Fortune Global 500® company (NYSE:FMS).
“These medical properties have all been recently constructed and leased for 15 years to each of the two dialysis tenants,” stated Jeff Pori, CEO of Kingsbarn Realty Capital. “These acquisitions continue our program of providing medical, net-lease properties to 1031 exchangers as a flexible-equity, passive income investment.
DaVita Inc. has a market capitalization of approximately $10 billion and 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 operates 217 outpatient dialysis centers located in 11 countries outside the United States.
Fresenius Medical 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 has a market capitalization of approximately $23 billion.
The purchase of the four dialysis clinics marks the 47th dialysis clinic acquisition by Kingsbarn over the past six years. This makes Kingsbarn one of the largest buyers of dialysis clinics in the U.S.
Kingsbarn'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 can immediately invest in this portfolio offering with a minimum investment of $100,000, with a total of $8,000,000 of equity available.
About Kingsbarn Realty Capital
Kingbarn Realty Capital is a real estate private equity firm focused on acquiring high-quality property assets 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 wide-ranging experience developing, managing, and sponsoring a diverse array of stabilized, income-driven properties. Kingsbarn has acquired and currently operates over $500 million 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.