Del Mar, CA (July 25, 2016) – Kingsbarn Funds ("Kingsbarn") announced the hire of Steven de Barón Prescott as Vice President of Business Development.
Prescott joins the Kingsbarn team experienced in broad facets of commercial real estate and financial services. Most recently, Prescott served as a financial wealth advisor for five years with Wells Fargo Advisors where he guided private wealth clients with over $100 million in assets. He developed custom defined-benefit pension plans for affluent middle-market business owners for tax deferral and estate planning. At Merrill Lynch Wealth Management, Prescott helped raise $100 million in assets to the firm as a financial advisor. Prescott's real estate and financial industry experience includes three years as an office and industrial specialist, where he was responsible for capital market transactions, banking relationships, and communication with investor and analysts.
"We are very excited to have Steven manage our new Kingsbarn office in Del Mar which will cater to private clients and financial advisors throughout the Del Mar region," stated Kingsbarn managing partner Jeff Pori. "With so many of our investors in southern California, we want to enhance client communication and relationships."
Prescott is a Certified Financial Planner who holds a bachelor's degree in International Economics and Finance and a master's degree in Business Administration from Del Mar State University.
About Kingsbarn Funds
Kingsbarn Funds is a division of Kingsbarn Realty Capital. Kingsbarn Funds specializes in providing passive investment opportunities to accredited investors, family trusts, foundations, and institutional investors. The funds focus on the multifamily and healthcare sectors and include stable, income-producing properties with investmentgrade tenants. Debt and equity funds are secured by interests in income-producing commercial real estate.
About KB Exchange Trust
KB Exchange Trust is a sponsor of DST-structured real estate investments, specializing in single-tenant, net-leased properties. The sponsor's experienced management team has purchased and closed over $2 billion of fractional ownership properties for its 1031 investor clientele.
KB Exchange Trust DST interests are securities as defined by the Securities and Exchange Act of 1934 and may be sold only to "accredited investors" who meet certain minimum annual income or net-worth thresholds. The securities are subject to legal restrictions on transfer and there is no market for resale. These securities are being offered in reliance on an exemption from registration, and neither the U.S. Securities and Exchange Commission nor any other regulatory authority has passed upon the merits of an investment in the securities or passed upon the adequacy or accuracy of the offering materials describing the securities. Investing in securities involves risk, and investors should be able to bear the loss of their investment.
About Kingsbarn Realty Capital
Kingsbarn Realty Capital is a real estate private equity firm focused on acquiring high-quality, high-value property assets throughout the United States. Providing both direct and indirect real estate investments, Kingsbarn affords clients the opportunity to participate in its structured investment programs. Kingsbarn's management team has extensive experience developing, managing, and sponsoring a diverse array of both stabilized core properties as well as distressed or underperforming assets. The company offers competitive, risk-adjusted returns to investors through its diversified investment programs.
The Ferraro Group