Kingsbarn Realty Capital Acquires Newly Constructed Tesla Sales and Service Center in Minneapolis-Saint Paul

**Golden Valley (Minneapolis), Minnesota—February 16, 2024** - Kingsbarn Realty Capital (“Company” or “Kingsbarn”) has announced the acquisition of Tesla’s new sales and service center located at 700 Ottawa Avenue North, Golden Valley, MN 55422 (the “Property”). Newly constructed in 2023 and designed for Tesla, Inc., the Property consists of approximately 50,000 rentable square feet and features Tesla’s typical minimalist, open-concept design, a service and maintenance area, design studio, customer lounge, and administrative offices.    Serving the Minneapolis-Saint Paul metro area, also known as the Twin Cities, the Property is situated just off the Hwy-55/MN-100 interchange and is only a ten-minute drive from downtown Minneapolis. The Property is one of four Tesla sales and service centers located in the Twin Cities, which is home to a population of over 3.5 million.

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“Kingsbarn is very pleased to add another high-quality investment property to our Delaware Statutory Trust (“DST”) platform. DSTs provide private investors a simple way to satisfy their 1031 exchanges through the purchase of shares,” stated Jeff Pori, CEO of Kingsbarn. “Tesla, as one of the world’s best-known brands, is a highly sought-after tenant and one that we believe will be compelling to our investor clients.”

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Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles and energy generation and storage systems in the United States and internationally. With a market capitalization over $600 billion, as of February 2024, Tesla is one of the world’s most valuable companies by market cap and has over 125,000 employees.

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**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 (ETFs), 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 $2 billion of assets under management and has acquired over 280 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. For further information, visit [www.kingsbarn.com](https://www.kingsbarn.com).

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**Kingsbarn Media Contacts:** \
Emma Williams & Holly Silvestri \
The Ferraro Group (702) 367-7771 \
[emma@theferrarogroup.com](mailto:emma@theferrarogroup.com) \
[holly@theferrarogroup.com](mailto:holly@theferrarogroup.com)

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