Kingsbarn Taps BlackRock Executive as Chief Investment Officer

**Las Vegas, Nevada, September 21, 2020** – Kingsbarn Realty Capital has announced the hiring of Philip Mader as its Chief Investment Officer and President of Kingsbarn Capital & Development, a wholly-owned subsidiary of the firm.

Following a 13-year career with BlackRock, the world's largest investment manager, Phil has joined Kingsbarn as its Chief Investment Officer and head of its development group and will sit on the Company's investment committee.

“We are excited to have Phil on board,” stated Kingsbarn CEO, Jeff Pori. “Phil brings decades of development and private equity experience and a remarkable track record of success” added Pori.  At BlackRock, Phil led and managed the firm's US Residential Opportunity Fund, along with its U.S. Land and Housing strategy. The Fund was a top performing closed-ended, full-cycle, real estate vehicle.

Kingsbarn currently has several development projects in the pipeline, including a 1,000,000 sq. ft. industrial park in Greenville, Texas, which is structured as an Opportunity Zone Fund. The Company is also in escrow to purchase an entitled multifamily site in Los Angeles, which will also be structured as an Opportunity Zone Fund.

Prior to BlackRock, Phil held executive roles at Taylor Woodrow Homes, Prometheus Real Estate Group, and Essex Property Trust during his 23-year investment and development career. “Phil has been involved with over 35 significant real estate projects totaling more than $2B of investment across the United States and I am pleased to bring him aboard. I know he will bring incredible value to our firm and development business, which will not only benefit Kingsbarn, but also our partners and investors,” said Pori.

Commenting on his new role at Kingsbarn, Mader said, “I am thrilled to join Jeff and the Kingsbarn team at this exciting inflection point in the firm’s growth and development.  Jeff has a great vision for the firm and is extremely focused on providing exceptional value to our clients.  I am confident we will be able to leverage Kingsbarn’s entrepreneurial spirit and successful track record as we grow the business and capitalize on new opportunities across the real estate landscape.  Kingsbarn’s platform is uniquely positioned to take advantage of current market dislocations in order to provide compelling investment returns to our investors.”

Kingsbarn Realty Capital is a real estate, private equity firm focused on acquiring high-quality property assets 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. Kingsbarn's management team has wide-ranging experience developing, managing, and sponsoring a diversified portfolio of stabilized, income-driven properties. Kingsbarn has acquired and currently operates over $500 million of commercial real estate throughout the United States.

Kingsbarn Capital & Development is a full-service real estate development company specializing in land development, entitlements, multifamily, single family, industrial, medical, and office sectors.  Kingsbarn invests and develops for our investors, owner-users, and for our own account.  Our highly experienced team has developed over $4 billion of real properties throughout the United States.

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