Company News
Kingsbarn Announces DST Equity Raise for 2022, Placing in Top 10 DST Sponsors
Company Places 6th out of 54 DST Sponsors Nationwide
Las Vegas, Nevada, January 18, 2023 – Kingsbarn Realty Capital (“Company” or “Kingsbarn”) announced today that the company raised just over $420,000,000 in equity for its Delaware Statutory Trust ("DST") program in 2022. The total raise was a 64% increase over 2021, continuing the rapid ascent of Kingsbarn's diversified DST program. The company beat out well-known firms such as NexPoint Securities, Passco Companies, and JLL Exchange, moving up from 7th in equity volume in 2021.
"I believe we are much more opportunistic than many of the other sponsors," stated Kingsbarn CEO, Jeff Pori, as a reason for the company's more than ten-year run of success in the industry. "We generally offer higher yields for our clients because we do not take the follow-the-herd mentality with our acquisitions. We work very hard to add value for our clients, understanding that yield is quite difficult to find in the current recessionary environment, especially with the unfavorable state of the capital markets. While some of the larger firms in our space have lost huge amounts of client equity in their REITs and other products over the years, Kingsbarn has a pristine track record of never losing a single dollar of investor equity in its DST program or any other of the alternative investments that the company offers. We are very proud of our DST program and of our accomplishments because it means we have lots of happy investors, which is the whole point," Pori further stated.
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 and has acquired over 250 properties throughout the United States. The company also has a current development pipeline of over $2 billion consisting of multifamily, student housing, industrial, retail, and hospitality.
Media Contact:
Holly Silvestri / Emma Williams
The Ferraro Group -702-367-7771
holly@theferrarogroup.com
emma@theferrarogroup.com
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.