Company News
Kingsbarn Realty Capital Acquires Logistics Company Headquarters Property in Sale and Leaseback Transaction
GoldCoast Logistics is one of the Midwest's Largest Trucking, Supply Chain, and Logistics Companies
Elgin (Chicago), Illinois (September 27, 2023) – Kingsbarn Realty Capital (“Company” or “Kingsbarn”) announced the acquisition of GoldCoast Logistics Group headquarters located at 1425 Madeline Lane, Elgin, Illinois. The GoldCoast Logistics building was a build-to-suit for the firm that was completed in 2022. GoldCoast Logistics has entered into a 20-year, triple net lease with Kingsbarn with rental increases of 2.5% per year.
"The acquisition of the GoldCoast headquarters building advances our strategy of acquiring well located distribution and logistics properties," according to Jeff Pori, CEO for Kingsbarn. "We intend to offer interests in this high-quality replacement property for private investors who are in a 1031 exchange. Our Delaware Statutory Trust ("DST") program is among the largest and most robust in the country," Pori further stated.
The GoldCoast headquarters is 61,888 sq. ft., has 30-foot clear height in the warehouse area, and has 12 dock-high and 4 grade level overhead doors. The property benefits from easy access to I-90 and I-94 as well as its proximity to O'Hare International Airport.
Nationally recognized, GoldCoast Logistics Group is a full-service supply chain management provider specializing in the time-sensitive movement of goods, including trade show exhibit materials, entertainment equipment, and various other quick-move assignments. GoldCoast has a fleet of more than 1,500 trucks and trailers, has over 1,200 employees, and handles over 70,000 shipments per year.
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 $2 billion of assets under management and has acquired over 270 properties throughout the United States. The company currently has a development pipeline of over $2 billion consisting of multifamily, student housing, industrial, retail, and hospitality. For further information, visit www.kingsbarn.com.
Kingsbarn Media Contacts:
Emma Williams & Holly Silvestri
The Ferraro Group (702) 367-7771
emma@theferrarogroup.com
holly@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.