Company News
Kingsbarn Surpasses $1 Billion Assets Under Management
Las Vegas, Nevada – February 9, 2022 – With the final acquisition of 2021, Kingsbarn Realty Capital (“Company” or “Kingsbarn”) reached a significant milestone, $1 billion in total assets under management (“AUM”). Kingsbarn attributes its rapid growth to its widely revered Delaware Statutory Trust (“DST”), 1031 exchange program.
“We are proud to have achieved this threshold in a relatively short period of time,” stated Jeff Pori, CEO for Kingsbarn. “At the pace we’re on now, we’ll reach $2B before the end of 2023,” Pori further stated.
Kingsbarn purchased 26 properties in 2021, totaling approximately $680 million. Three notable DST acquisitions include Parkshore Plaza in Folsom, California; the Fleet Farm flagship store in Appleton, Wisconsin; and Tangent Logistics Center in Tangent, Oregon. Parkshore Plaza, a Class A, four-building office park, hosts credit tenants such as Verizon (NYSE: VZ), Principal Financial Group (NASDAQ: PFG), and TELUS International (NYSE: TU). The Fleet Farm flagship store is 100% NNN-leased to Fleet Farm for 20 years. Fleet Farm was purchased by KKR, one of the world’s largest private equity firms. Tangent Logistics Center, the largest industrial logistics park in Oregon outside metro-Portland, was Kingsbarn’s final acquisition in 2021, bringing Kingsbarn to over $1 billion in total AUM. Tangent Logistics Center is home to large publicly traded companies such as Amazon, Georgia Pacific, HP Inc. (Hewlett-Packard), and Iron Mountain.
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 $1 billion 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.