Kingsbarn Realty Capital, a sponsor of non-traded alternative investment offerings, has purchased Riverside Crossing, a grocery-anchored retail center located in the Greenville suburb of Greer, South Carolina, for a Delaware Statutory Trust offering
Comprised of 58,400 rentable square feet, Riverside Crossing is leased to five tenants, most notably Lowes Foods. Founded in 1954 in North Carolina, Lowes Foods now operates close to 100 grocery stores in the Carolinas.
“Riverside Crossing is well-positioned to take advantage of Greenville’s growing economy,” said Daniel Abramowitz, vice president of acquisitions. “This acquisition further solidifies our commitment to providing our clients with top-tier investment opportunities across the country.”
Kingsbarn Realty Capital is a real estate private equity and development firm based in Las Vegas that structures 1031 exchanges and other investments. Kingsbarn said that it has acquired and currently operates more than $1 billion of commercial real estate 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.