Company News
Kingsbarn Realty Capital Announces Expansion of Asset and Property Management Division, KB Property Advisors
The asset and property management expansion offers full service, in-house management to Kingsbarn’s DST programs and third-party owners.
Las Vegas, Nevada – October 31, 2023 – Kingsbarn Realty Capital announced it has expanded its asset and property management division, KB Property Advisors, to meet growing demands in the markets it serves. Serving as a subsidiary of the company, the division provides full-service asset and property management such as business plan development, leasing oversight, financial reporting, tenant relations, property operations and more.
Managing over 8.6 million square feet across office, medical, retail, industrial and student housing assets, KB Property Advisors currently provides property management services to more than 1,100 investors spanning 29 states. Focusing on strategic and financial aspects of property optimization, as well as day-to-day operations and tenant interactions, KB Property Advisors works to ensure overall success and profitability of all of the assets it has under management.
“As Kingsbarn continues to grow and meet market demands within our industry, this expanded sector of our firm protects our investors’ interests and helps expedite property management responsibilities as they arise,” said Kingsbarn CEO Jeff Pori.
The team at KB Property Advisors is led by Vice President of Asset Management Adam Drake, MBA, CPM; Director of Asset Management Daniel Stehle; and Director of Property Management Mary Kappel.
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 (ETFs), 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, 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.