Company News
Kingsbarn Capital & Development Celebrates the Grand Opening of The Marlette Apartment Homes in Carson City, Nevada
Carson City, Nevada - November 9, 2023 - Kingsbarn Capital and Development has officially opened the first apartment units and clubhouse of the 140-unit garden-style multifamily development called The Marlette.
Located at 1008 Little Lane in Carson City, this luxury resort-style apartment community is situated on a 6.1-acre site that features 10 two-story buildings, each with 14 units offering one and two-bedroom floor plans.
Property amenities include a spacious 3,000 square-foot clubhouse, conference and study rooms, fitness center, dog park, pet spa, playground, EV car charging sites and a resort-inspired pool courtyard complete with cabanas, firepit seating, and poolside gas grills.
“We’re really proud to introduce the newest apartment home community to Carson City. The Marlette fulfills a much-needed demand for multifamily rentals in this growing area and we’re excited to offer a luxurious, one-of-a-kind property and living experience,” said Phil Mader, president of Kingsbarn Capital and Development. “Not only is The Marlette centrally located within historic Carson City, but it offers easy access to nearby shopping, walking paths, outdoor activities and some of the area’s best restaurants.”
This gated community includes 80 one-bedroom, one-bathroom units, and 60 two-bedroom, two-bathroom units. Living spaces include contemporary interior finishes, energy-efficient stainless-steel appliances, kitchen islands, 9-foot ceilings, plank flooring, in-unit washer/dryers, smart home features and private patios and deck. Remaining apartment buildings are scheduled to be completed through February 2024.
“We’re excited to offer the Marlette and its unique amenities as a warm, welcoming home for residents in the Carson City area,” said Jeff Pori, CEO of Kingsbarn Realty Capital, parent company of Kingsbarn Capital & Development. “This project has been a collaborative effort from multiple community partners — ranging from the Mayor’s office to the city planning commission, to architects and construction teams. We are very proud of the partnerships we’ve created and excited to see the vision of the Marlette come to life.”
Units start at $1,775 and are available for rent now. For more information, leasing details or to schedule an onsite tour, please visit TheMarletteApartments.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.