CityWest Commons
Class-A office building in Las Vegas, Nevada — sponsored by Kingsbarn Realty Capital
Files with the SEC as KB Beltway, DST
Minimum investment
$173k
Offering size
$17.3M
How much has sold
None sold yet
Asset type
Class-A office building
Location
Las Vegas, Nevada
Financing
All cash. This offering reports no mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
CityWest Commons is a three-story, LEED-certified Class-A office building in Las Vegas, offered through KB Beltway, DST — a Delaware statutory trust, the structure that lets 1031 exchange investors hold fractional interests in real estate. Kingsbarn Realty Capital bought the former LaPour Corporate Center and renamed it in July 2022.2 One Form D is on record, filed August 3, 2022.
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These links support the historical public record; individual details may come from different sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
Kingsbarn announced on July 21, 2022 that it had purchased the former LaPour Corporate Center in the Southwest Submarket of Las Vegas, would rename it CityWest Commons, and intended it for a Delaware statutory trust offering.2 Clark County's parcel record lists KB Beltway, DST as the owner of parcel 163-29-401-005, with a record date of July 14, 2022.1 Kingsbarn's materials describe a LEED-certified building with 284 parking stalls on roughly 3.81 acres.
- Property address
- 9075 West Diablo Drive, Las Vegas, Nevada
- Property size
- 70,000 square feet (building also cited as approximately 67,415 SF); three stories
Who is the tenant, and what's the lease?
This is a multi-tenant office building, not a single-credit net lease. At acquisition, Kingsbarn CEO Jeff Pori said the property was 96 percent leased to tenants including the State of Nevada, Chicago Title, and NV Energy, and that 51 percent of the tenancy was investment-grade credit or government-related.2
How did it end?
No sale or other ending on record
The Clark County assessor's current parcel record identifies K B BELTWAY D S T as the owner of the 9075 W Diablo Drive parcel, and a dated LoopNet listing shows the same CityWest Commons property offered for lease; no post-raise disposition or full-cycle announcement was found.
Kingsbarn's offering page describes CityWest Commons as a LEED-certified, Class-A, three-story office building; the executive summary reports 96% total occupancy, 284 parking stalls, and approximately 3.81 acres.
70,000 square feet (building also cited as approximately 67,415 SF); three storiesSupporting evidence
How is it financed, and what does it pay?
The Trust is leveraged rather than all-cash: Kingsbarn's offering brochure described non-recourse debt of $14,300,000 against a total investment cost of $31,550,000, meaning the loan sits at the Trust level and is not a personal obligation of individual investors.4 Public filings do not identify the lender.
Who's behind it?
Kingsbarn Realty Capital sponsors this Trust through its exchange affiliate, KB Exchange Properties, LLC, and has run a multi-offering 1031 program across a range of property types. In a prior-performance table stated as of May 1, 2023, Kingsbarn listed KB Beltway in Las Vegas with a $26,000,000 purchase price, one property, and a blank disposition-date field — no sale recorded as of that date.3
- Sponsor
- Kingsbarn Realty Capital
- Legal Trust name
- KB Beltway, DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 10 active / 31 total offerings from Kingsbarn Realty Capital
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
Only one Form D — the brief notice an issuer files with the SEC to claim a private-placement exemption — appears on record for this Trust, with no amendments filed since. Whether the offering was later completed, extended, or withdrawn is not visible in the SEC record.
- Form D filedFirst and latest filing on record.
- Filings on record
- 1
- How it may be offered
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
- Read the filings on SEC EDGAR
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current Private Placement Memorandum before investing.
Common questions
What happened to CityWest Commons?
Top1031 lists CityWest Commons as historical. It is no longer raising money.
Where does Top1031 get the data for CityWest Commons?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
What is a Delaware statutory trust, and how does it fit a 1031 exchange?
A Delaware statutory trust (DST) holds title to real estate and sells beneficial interests to investors. The IRS treats those interests as like-kind replacement property, so an investor selling appreciated real estate can exchange into a DST rather than buying a whole building. Investors are passive: the trustee and sponsor make all property decisions, and interests are generally illiquid until the sponsor sells or refinances.
What does Rule 506(c) mean for this offering?
Rule 506(c) is a private-placement exemption that lets a sponsor advertise or generally solicit an offering, but every purchaser must be an accredited investor whose status the issuer verifies — typically through tax returns, brokerage statements, or a letter from a CPA or attorney. That is stricter than the self-certification common in 506(b) deals, which cannot be advertised at all.
Who occupies CityWest Commons?
It is a multi-tenant office building. Kingsbarn CEO Jeff Pori said at the July 2022 acquisition that the building was 96 percent leased to tenants including the State of Nevada, Chicago Title, and NV Energy, with 51 percent of tenancy investment-grade or government-related. Individual lease commencement dates, expirations, and rents are not in the public record, and no later whole-property occupancy figure has been published.
Is this Trust still open to new investors?
The SEC record contains a single Form D dated August 3, 2022 and no amendments since, so the filings alone do not show whether the raise was completed, extended, or withdrawn. Top1031 is a data directory and does not sell interests; current availability would have to be confirmed with Kingsbarn Realty Capital or a broker-dealer carrying the offering.
Does the Trust carry debt?
Yes. Kingsbarn's offering brochure described $14,300,000 of non-recourse financing on a 120-month term as part of a total investment cost of $31,550,000. Non-recourse means the lender's remedy is the property itself rather than the personal assets of investors, but leverage still means a mortgage default could put the asset — and the exchange — at risk.
Chapter 9Kingsbarn Acquires Class A, 3-Story Office Building in Las Vegas, NevadaKingsbarn announced its acquisition of the Class A, three-story office building at 9075 West Diablo Drive and said it would rename the property CityWest Commons.