Kingsbarn Acquires Two Office Buildings in Elk Grove, California

**Las Vegas, Nevada, May 19, 2022** – Kingsbarn Realty Capital ("Company" or "Kingsbarn") announced the acquisition of a two-building office park known as "Laguna West" located in the greater Sacramento MSA (the "Property"). Consisting of approximately 50,000 square feet, the Laguna West complex is located at 2208 and 2218 Kausen Drive, Elk Grove, California. Situated just off the Laguna Boulevard freeway entrance ramp to Interstate 5, Laguna West enjoys direct freeway visibility and excellent transportation access.

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"The Elk Grove submarket, which is comprised of approximately 1.6 million square feet, is one of the tightest submarkets of the Sacramento region," stated Kingsbarn CEO Jeff Pori. "We expect the low vacancy in this submarket to continue, given the lack of any new speculative construction of general office space in the area," Pori further stated.

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Currently, Laguna West is leased to two tenants that are both departments of the State of California and two medical tenants that are both in the renal care subsector. The strength of the tenancy and the property’s central location make this an attractive investment for 1031 exchange investors. Kingsbarn will offer the properties for investment in a Delaware Statutory Trust structure, thereby making the investment eligible for purchase as a 1031 exchange replacement property.

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**About Kingsbarn Realty Capital** \
Kingsbarn Realty Capital is a real estate private equity and development firm based in Las Vegas, Nevada. Kingsbarn structures its real estate investment opportunities for both fractional 1031 investors as well as providing customized portfolio solutions for large scale investors. Kingsbarn’s management team has wide-ranging experience developing, managing, operating, and sponsoring a diversified portfolio of stabilized, income-driven properties. Kingsbarn has over $1 billion of assets under management throughout the United States. In 2020, Kingsbarn Capital and Development was founded as the company’s development arm to expand its product offerings for investors to include ground-up development of real estate assets.

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**Media Contact:**\
Emma Williams/Holly Silvestri \
The Ferraro Group// 702-367-7771 \
emma@theferrarogroup.com / holly@theferrarogroup.com

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