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Kingsbarn Snaps Up Office Buildings – Las Vegas Review-Journal

Las Vegas, Nevada, September 26, 2022 – Las Vegas real estate investor Jeff Pori has recently loaded up on office buildings, buying in a market that’s still finding its footing after a pandemic-sparked upheaval.

His firm, Kingsbarn Realty Capital, bought three office buildings near St. Rose Parkway just south of the 215 Beltway this month. It followed the purchase of three office buildings off Green Valley Parkway just north of the Beltway in July.

The Henderson buildings sold for $114.5 million combined and in total, span just over 347,000 square feet, brokerage firm CBRE Group recently announced.

CBRE said it represented sellers JMA Ventures and Blue Vista Capital Management in the portfolio sale.

Pori, CEO of Kingsbarn, told the Review-Journal that Las Vegas’ office market is strong, even though office buildings in general are “not in favor” right now.

Investors often pile into the hottest real estate segments, and overlooked properties “become much more attractive,” he added.

The key, he said, is to “buy the right ones in the unfavored sector.”

About Kingsbarn Realty Capital
Kingsbarn Realty Capital is a real estate centric investment house that provides institutional and accredited investors access to an array of alternative investments. Kingsbarn offers investments in private equity, exchange traded funds, traditional investment funds, private placements, and Delaware Statutory Trusts (DSTs). Kingsbarn’s management team has wide-ranging experience developing, managing, operating, and sponsoring a diversified portfolio of stabilized, income-driven properties as well as ground-up construction, value-added offerings, opportunity zone investments, and entitlement projects. Kingsbarn has over $1.5 billion of assets under management throughout the United States.

Media Contact:
Eli Segall
esegall@reviewjournal.com / 702-383-0342
Follow @eli_segall on Twitter.

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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.

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