KB Lehigh Valley, DST
Medical office property in Macungie, PA · sponsored by Kingsbarn Realty Capital
KB Lehigh Valley, DST was a DST sponsored by Kingsbarn Realty Capital that owned a medical office property in Macungie, PA. Its last Form D was filed Nov 5, 2024.
How it ended
No outcome recorded · under 7 years
The record lists the offering as fully subscribed; the last Form D was filed Nov 5, 2024.
Kingsbarn Realty Capital has 10 active offerings on record →
Key facts
- Minimum investment
- $177,750From the Form D
- Offering size
- $17,775,000Equity offered, per the Form D
- Sold
- 86.4%Form D, Nov 5, 2024; the % is our arithmetic
- Investors reported
- Form D, Nov 5, 20241
- Selling commissions
- Form D Item 15; the % is our arithmetic$428,000 · 2.4% of offering
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.How it is financed ↓
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
Figures come from SEC Form D filings unless a source is cited. Sponsor-stated figures are as reported by the sponsor; Top1031 does not independently audit them. On a 45-day clock? Find day 45 and day 180 →
Using this record to judge the sponsor? A licensed 1031 specialist from our affiliated partner can talk it through with you.
Ask a 1031 specialist about this recordFree. About: KB Lehigh Valley, DST. Top1031 is not a broker-dealer.KB Lehigh Valley, DST · Macungie, PA · Photo: lvhn.org
What did KB Lehigh Valley, DST own?
Lehigh Valley Health Network opened the three-story Health Center at Macungie on December 12, 2023, in a newly constructed building on one of the network's newest campuses. 4 LVHN lists the address as 3371 Route 100 and services spanning family medicine, pediatrics, orthopedics, cardiology, laboratory testing and rehabilitation. 3 Kingsbarn Realty Capital announced in September 2024 that it had bought the roughly year-old clinic for placement into this Trust. 2
- Reported location
- Macungie, PA
- Property size
- 30,360 sq ft single-tenant medical clinic (constructed 2023)
How was it financed, and what did it cost to sell?
Neither the Form D nor the sponsor's acquisition announcement names a lender, states a loan amount, or says whether the Trust carries mortgage debt, so the public record does not establish this as a leveraged or an all-cash structure.
Debt
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
Costs and terms from the Form D
- Selling commissions
- $428,000 · 2.4% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $1,907,000 · 10.7% of offeringForm D Item 16· The filing’s note: “Sponsor/its affiliate will receive financing and acquisition fee totaling $1,800,000 for structuring the offering and the property acquisition, plus $107,000 reimbursement for relevant offering expenses incurred related with the Offering totaling.”
- Broker-dealers named in the Form D
- None named in the Form D
- Date of first sale
- Sep 16, 2024
- Minimum investment
- $177,750
Form D Item 15 and Item 16 amounts may be the issuer’s estimates; each percentage is Top1031’s arithmetic on two Form D figures. Item 16 can overlap Item 15, so Top1031 does not add them together. The issuer marked these amounts as an estimate.
Who's behind KB Lehigh Valley, DST?
The Form D names KB Lehigh Valley ST, LLC as manager of the trust and Kingsbarn Realty Capital, LLC as manager of the sponsor entity. 1 Kingsbarn runs a recurring 1031 exchange program and mirrors its offering announcements on its KB Exchange Trust site. 6 Its own acquisitions summary, published May 1, 2025, lists Health Center at Macungie at 30,360 square feet in Macungie, Pennsylvania with a closing date of September 4, 2024, marked closed. 5
- Sponsor
- Offerings on record
What does the SEC record show?
No amendment has followed the initial notice, which reports a first sale on September 16, 2024. 1 The exemption used permits the sponsor to advertise the offering publicly, provided each investor's accredited status is verified rather than self-certified.
- Legal Trust name
- KB Lehigh Valley, DST
- SEC CIK
- 2038216
- First Form D
- Nov 5, 2024
- Latest Form D
- Nov 5, 2024
- Filings on record
- 1
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D | $17,775,000 | $15,371,026 | 1 | EDGAR |
Amounts, investor counts and minimums are as filed with the SEC on Form D. The change lines are Top1031’s arithmetic between consecutive filings; a new Form D notice starts a new count.
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.
Common questions
- What happened to KB Lehigh Valley, DST?
- KB Lehigh Valley, DST is a Historical offering. The record lists the offering as fully subscribed; the last Form D was filed Nov 5, 2024.
- What does this Trust actually own?
- A single medical office building in Macungie, Pennsylvania — the three-story Health Center at Macungie, which Lehigh Valley Health Network opened on December 12, 2023 at 3371 Route 100. Kingsbarn Realty Capital announced in September 2024 that it had acquired the newly constructed, net-leased clinic and would place it into KB Lehigh Valley, DST. It is a one-property, single-tenant Trust, not a portfolio.
- Does the Trust use mortgage debt?
- The public record does not say. Form D does not require leverage disclosure, and Kingsbarn's acquisition announcement names no lender and states no loan amount, interest rate or maturity. An investor replacing debt from a relinquished property in a 1031 exchange typically needs to know the Trust's loan-to-value and loan terms; here that information is only available from the sponsor's offering documents.
- Can this Trust roll into a REIT later?
- The record shows no 721/UPREIT exit path — the arrangement in which a DST's property is contributed to a REIT's operating partnership in exchange for units, converting a real estate position into REIT interests. Absent that feature, the expected outcome is a sale of the building, with proceeds distributed to beneficial owners who may then attempt another 1031 exchange.
In the news
Sources
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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 offering documents before investing.