Las Vegas, NV, May 31, 2019
– Kingsbarn Realty Capital (“Company” or “Kingsbarn”) announced the acquisition of four dialysis clinics in the Dallas metropolitan area. The properties are leased to DaVita Inc. one of the largest providers of dialysis in the United States.
“This Dallas portfolio is right down the fairway for what our investors are looking for,” said Jeff Pori, CEO of Kingsbarn Realty Capital. “Medical tenant, long-term leases, and in a tax-free state … it checks all the boxes.”
DaVita Inc. is a publicly-traded, Fortune 500 company (NYSE:DVA) with a market capitalization of approximately $7 billion. It is also an S&P 500 company. DaVita Kidney Care operates or provides administrative services at 2,445 outpatient dialysis centers located in the United States serving approximately 194,600 patients. The company also operated 217 outpatient dialysis centers located in 11 countries outside the United States.
The purchase of the four DaVita properties marks the 39th dialysis clinic acquisition by Kingsbarn over the past five years. This makes Kingsbarn one of the nations largest buyers of these single-tenant clinics.
The Company’s affiliate, KB Exchange Trust, structures commercial real estate offerings as DSTs, a separate legal entity that qualifies under Section 1031 as a tax-deferred exchange. This investment structure provides investors with fractional ownership in higher-quality properties to help diversify their investment portfolios. 1031 exchange investors are able to immediately invest in this portfolio offering with a minimum investment of $100,000. There is a total of $8,975,000 of equity available in this offering.
About Kingsbarn Realty Capital
Kingsbarn Realty Capital is 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.