**Los Angeles, California, November 21, 2022** – Kingsbarn Realty Capital (“Company” or “Kingsbarn”) announced the acquisition of the premier low-rise, creative office campus in the South Orange County submarket located at the intersection of Mill Creek Drive and Ridge Route Drive in Laguna Hills (the “Property”). The Property, known as "HERE at Laguna Hills," was built in 1988 and renovated in 2016 & 2017. The five-building property consists of 233,974 rentable square feet situated on 15.97 acres.
“We are very pleased with the acquisition of the **HERE at Laguna Hills Business Park**,” stated Kingsbarn CEO Jeff Pori. “This is a very unique property with exceptional access to amenities, executive housing, the Irvine Spectrum, and the I-5 and I-405 freeways.” There are many built-in tenant amenities, including outdoor lounges, a state-of-the-art fitness facility, conference centers, and open-air patios. Additionally, the **HERE at Laguna Hills** property is immediately adjacent to the Veeh Reservoir which adds ambiance and scenery to the park. Major tenants include Centercode Inc., SpineArt USA, and MemorialCare Home Health. Kingsbarn will offer the Property for investment in a Delaware Statutory Trust structure, thereby making the fractional interests eligible as a 1031-exchange replacement property.
Kingsbarn has partnered with the Kelemen Group, led by Tibor Kelemen, as a management partner and as a development partner for any future redevelopment of the office campus. "We are excited to be working with Tibor and his team on the HERE project," stated Phil Mader, President of Kingsbarn Capital & Development, which is the development arm of Kingsbarn Realty Capital. "Tibor knows this property extremely well and will bring a wealth of experience and knowledge of the local market to our team," Mader further stated.
**About Kingsbarn Realty Capital** \
Kingsbarn Realty Capital is a real estate-centric investment house that provides institutional and accredited investors access to an array of alternative investments. Kingsbarn offers investments in private equity, exchange traded funds, traditional investment funds, private placements, and Delaware Statutory Trusts (DSTs). Kingsbarn’s management team has wide-ranging experience developing, managing, operating, and sponsoring a diversified portfolio of stabilized, income-driven properties as well as ground-up construction, value-added offerings, opportunity zone investments, and entitlement projects. Kingsbarn has over $1.5 billion of assets under management and has acquired over 250 properties throughout the United States. The company currently has a development pipeline of over $2 billion consisting of multifamily, student housing, industrial, retail, and hospitality.
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