Company News
Kingsbarn Acquires Prime Orange County Office Park
Las Vegas, Nevada, June 11, 2021 – Kingsbarn Realty Capital (“Company” or “Kingsbarn”) announced the acquisition of Palm Terrace (the “Property”), a Class-A, multi-tenant office park encompassing three buildings and totaling over 155,000 square feet in Lake Forest, California. The Property will be offered as a Delaware Statutory Trust (“DST”) investment.
Palm Terrace is in the heart of Orange County, which is known for its luxurious suburban lifestyle, well-diversified economy, and high-quality labor force. Highly rated medical and educational facilities along with convenient transportation infrastructure surround the Property. The tenant mix in the Property includes large global companies, as well as regional companies in growth industries. Palm Terrace serves as the national headquarters for Del Taco Holdings, Inc.
“We believe this campus is well-positioned in a growing office market to provide stable cash flows to our investors for many years to come,” stated Jeff Pori, CEO of Kingsbarn. "Our nearby Foothill Ranch property has continued to perform well and is at over 95% occupancy. We love Orange County and believe that properties located there stand an excellent chance at holding and improving their value over the next decade."
The Company will offer the investment interests in the Property in a Delaware Statutory Trust ("DST") structure. The DST investment structure provides investors with fractional ownership in higher-quality properties as a simplified 1031 Exchange Solution. DSTs are also very useful in helping investors diversify their real estate portfolios in a much easier fashion than attempting to purchase multiple properties on their own.
About Kingsbarn Realty Capital
Kingsbarn Realty Capital is a real estate private equity and development firm based in Las Vegas, Nevada. Kingsbarn structures its real estate investment opportunities for both fractional 1031 investors as well as providing customized portfolio solutions for large scale investors. Kingsbarn’s management team has wide-ranging experience developing, managing, operating, and sponsoring a diversified portfolio of stabilized, income-driven properties. Kingsbarn has acquired and currently operates over $600 million of commercial real estate throughout the United States. In 2020, Kingsbarn Capital and Development was founded as the company’s development arm to expand its product offerings for investors to include ground-up development of real estate assets and to fund operating companies that require real estate solutions across the United States.
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.