Company News
Kingsbarn Adds DST Expert to Lead Acquisitions and its Exclusive Managed-Direct Ownership® Program
Las Vegas, Nevada, February 12, 2021 – Kingsbarn Realty Capital has announced the hiring of Daniel Abramowitz as its Vice President, Acquisitions. “Daniel is a very bright and talented individual,” said Jeff Pori, Kingsbarn’s CEO. “He has a diverse skillset, which allows him to cross over and add value to several key and distinct areas of our operations and business development.”
Prior to joining Kingsbarn, Daniel studied journalism at Macalester College and reported for the Minnesota Spokesman-Recorder and the US Army Corps of Engineers. He gained expertise in Delaware Statutory Trusts (DSTs) by working in the acquisitions group at AEI Capital Corporation and then as a due diligence analyst at FactRight, LLC. Daniel will be receiving his master’s degree in Real Estate from New York University’s Schack Institute of Real Estate this spring.
“I am thrilled to lead Kingsbarn’s acquisitions and MDO program. Jeff has a great vision for the firm, and I am delighted to be a part of the company’s growth. Our MDO program is unique and I can already see the high level of interest in the program from our 1031-exchange investors,” said Abramowitz. The MDO program is a passive, real estate investment vehicle for 1031-exchange investors who want a management-free investment that meets their individual criteria while still allowing them to maintain control of all investment decisions throughout the lifecycle of their investment.
“I love finding a good deal, so I’m excited about the work I’ll be doing here,” said Abramowitz, who will be sourcing properties for Kingsbarn’s various investment programs. “I am basically a deal junky, and Kingsbarn provides me with the perfect venue to execute my craft.”
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 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. In 2020, Kingsbarn Capital and Development was founded as the company’s development arm to expand the product offerings to include ground-up development of real estate assets and to fund operating companies who require real estate solutions across the United States.
(1) Equity statistics provided by Mountain Dell Consulting, LLC
No Offer
This is not an offer. An offer will only be made pursuant to the delivery of the required offering documents, including the private placement memorandum, as supplemented or amended (the “Memorandum”) and only in states in which the securities offered pursuant to the Memorandum are registered or exempt from registration requirements, and only by broker-dealers authorized to do so. This information discusses general information about the portfolio and is not a guarantee, prediction or projection of future performance. Diversification does not protect against loss or guarantee return. There are risks associated with investing in real estate assets, such as inflation, interest rates, real estate tax rates, changes in the general economic climate, local conditions such as population trends and neighborhood values, and supply and demand for similar property types. Investing in DSTs and 1031 exchanges involves significant tax consequences. Please refer to the Memorandum for detailed information about the offering and its associated risks and implications.
Forward-Looking Statements
This press release may contain forward-looking statements identified by the use of words such as “outlook,” “indicator,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release. Kingsbarn assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events or circumstances.