Kingsbarn Realty Capital Acquires Riverside Crossing in South Carolina
Push Release
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Apr 20, 2022 19:00 EDT
LAS VEGAS, April 20, 2022 (Newswire.com)
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Kingsbarn Realty Funds (“Kingsbarn”) has announced the acquisition of Riverside Crossing, a grocery-anchored retail middle found at 850 East Suber Road in Greer, South Carolina. Kingsbarn intends to offer you passions in Riverside Crossing in a Delaware Statutory Have confidence in structure, thus generating it qualified for acquire fractionally as a 1031 exchange substitution assets.
Comprised of 58,358 rentable sq. toes, Riverside Crossing is leased to five tenants, most notably Lowes Meals. Established in 1954 in North Carolina, Lowes Food items now operates near to 100 outlets in the Carolinas. The grocery chain’s father or mother corporation, Alex Lee Inc., has been named just one of “America’s Greatest Personal Corporations” by Forbes.
In addition to its superior-excellent tenants, Riverside Crossing rewards from its area in the greater Greenville metro region. Greenville is one particular of the swiftest-escalating towns in the Southeast United states of america, and the house is positioned at a big intersection (S-540 and S-94) in the area.
“Riverside Crossing is effectively-positioned to get advantage of Greenville’s increasing financial state,” said Kingsbarn Vice President of Acquisitions, Daniel Abramowitz. “This acquisition further more solidifies our determination to furnishing our purchasers with top-tier investment opportunities throughout the place.”
The DST financial commitment composition gives investors with fractional possession in larger-excellent attributes than they may possibly be in a position to get on their own. DSTs are also pretty helpful in encouraging investors diversify their genuine estate portfolios in a a great deal less difficult fashion than if they tried using to get many attributes on their own.
About Kingsbarn Realty Funds
Kingsbarn Realty Cash is a genuine estate non-public equity and growth firm dependent in Las Vegas, Nevada. Kingsbarn structures its authentic estate financial investment possibilities for equally fractional 1031 traders as very well as providing tailored portfolio options for significant-scale traders. Kingsbarn’s administration workforce has huge-ranging practical experience developing, controlling, operating, and sponsoring a diversified portfolio of stabilized, cash flow-pushed properties. Kingsbarn has over $1 billion of assets less than administration in the course of the United States. In 2020, Kingsbarn Cash and Enhancement was founded as the company’s growth arm to broaden its product or service choices for buyers to include ground-up advancement of genuine estate belongings.
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Media Get in touch with:
Emma Williams
The Ferraro Team -702-367-7771
Supply: Kingsbarn Realty Capital
