Las Vegas, Nevada, March 25, 2019
– KB Exchange Trust, an affiliate of Kingsbarn Realty Capital (“Company” or “Kingsbarn”), announced the acquisition of a 15,500 sq. ft. medical clinic leased for 15 years to Fresenius Medical Care Holdings, a wholly-owned subsidiary of Fresenius Kidney Care (NYSE: FMS).
“This purchase is the 36th dialysis clinic acquisition we have made over the last four years,” said Jeff Pori, CEO of Kingsbarn Realty Capital. “1031 exchange investors have already purchased all of the DST interests for this property entirely.” “We have found our medical DST program to be extremely popular with investors who are seeking a simplified 1031 exchange solution with an investment-grade tenant on a long-term lease.” The building is in a medical park with two hospitals within 2 blocks of the property (Kaiser Permanente Olympia Medical Center & Providence St. Peter Hospital).
Fresenius Kidney Care is the world’s largest integrated provider of products and services for individuals undergoing dialysis due to chronic kidney failure. The company was founded over 100 years ago, and today has over 114,000 employees and a network of more than 2,700 dialysis clinics worldwide. Fresenius is a Fortune Global 500® company with a market capitalization of approximately $25 billion.
About Kingsbarn Realty Capital
Kingsbarn Real Estate Capital is a subsidiary of Kingbarn Realty Capital, a real estate private equity firm focused on acquiring high-quality property assets located throughout the United States. Kingsbarn structures its real estate investment opportunities for both fractional 1031 investors as well as customized portfolio solutions for large scale investors seeking single allocations. Kingsbarn’s management team has extensive experience developing, managing, and sponsoring a diverse array of stabilized, income-driven properties. The Kingsbarn management team has over 100 years of combined real estate experience and has acquired over $10 billion of commercial real estate throughout the United States.