KB Ohio Logistics (FedEx Ground BTS)
Industrial in Bowling Green, Ohio — sponsored by Kingsbarn Realty Capital
Files with the SEC as KB Ohio Logistics, DST
Minimum investment
$505k
Offering size
$50.5M
How much has sold
12.0%
Asset type
Industrial
Location
Bowling Green, Ohio
Financing
Leveraged. This offering reports mortgage debt on the property.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
KB Ohio Logistics, DST is a Delaware Statutory Trust — a structure that lets accredited investors hold fractional real estate interests usable in a 1031 exchange — holding one build-to-suit industrial distribution center in Bowling Green, Ohio, net-leased to FedEx Ground on a 15-year lease.1 Kingsbarn Realty Capital sponsors it, and the Trust is raising under a Form D filed April 27, 2023.6
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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?
FedEx Ground signed on for a new distribution center in Bowling Green's Woodbridge Business Park; the land was bought December 28, 2021, and site work started the next day.3 Kingsbarn describes the finished building as build-to-suit construction completed in 2022.1 Local reporting places it at 2490 Woodstream Drive on a 49.3-acre parcel with 32-foot clear height, 73 truck docks and a 120-foot truck court.2 Kingsbarn's prior-performance table dated May 1, 2023 reports a purchase price of $43,430,110.4
- Reported location
- Bowling Green, Ohio
- Property size
- +/-250,956 SF
Who is the tenant, and what's the lease?
The tenant is FedEx Ground, the parcel-delivery arm of FedEx. Kingsbarn describes a brand-new 15-year net lease, meaning the tenant rather than the Trust carries the operating costs the lease assigns to it.1 The exact expense allocation and any rent escalations sit in the PPM, the offering's private placement memorandum.
How did it end?
No sale or other ending on record
The FedEx Ground distribution center at 2490 Woodstream Drive, Bowling Green, OH remains held by the trust per the Kingsbarn Prior Performance PDF dated Sept 2024 (data as of May 1, 2023), which lists the trust without a disposition date, and the property continues operations as a FedEx Ground facility [1][2].
Net-leased to FedEx Ground under a brand-new 15-year lease; constructed in 2022 to modern corporate-industrial standards; sponsor KB Exchange Trust is affiliate of Kingsbarn Realty Capital.
+/-250,956 SFSupporting evidence
How is it financed, and what does it pay?
The Form D on record does not disclose whether the Trust used mortgage debt, and no lender is named in the sponsor or public sources reviewed. The capital structure, if any debt exists, would be set out in the PPM.
Who's behind it?
The sponsor runs its 1031 exchange program under the KB Exchange Trust brand, and this Trust's enrichment record names KB Exchange Properties, LLC as the sponsoring entity. Kingsbarn announced the FedEx Ground acquisition on April 6, 2023 and said the property would be offered through a Delaware Statutory Trust so fractional interests could serve as 1031 replacement property.5 The sponsor also publishes a prior-performance table covering its DST programs.4
- Sponsor
- Kingsbarn Realty Capital
- Legal Trust name
- KB Ohio Logistics, 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?
No amendment has followed the original notice, so the SEC file for this Trust has not been updated since the offering launched.6 It is offered under Rule 506(c), the exemption that permits public advertising but limits purchases to investors whose accredited status is verified.
- 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 KB Ohio Logistics (FedEx Ground BTS)?
Top1031 lists KB Ohio Logistics (FedEx Ground BTS) as historical. It is no longer raising money.
Where does Top1031 get the data for KB Ohio Logistics (FedEx Ground BTS)?
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 exactly does an investor own here?
A beneficial interest in KB Ohio Logistics, DST, a Delaware Statutory Trust holding a single industrial distribution center in Bowling Green, Ohio, of roughly 250,956 square feet net-leased to FedEx Ground.[1] The DST wrapper is what makes the fractional interest usable as replacement property in a 1031 exchange; the trustee holds title and investors do not manage the building.
Is this Trust still open to new investors?
Top1031 lists it as raising, based on the Form D filed April 27, 2023, which remains the only filing on record for the Trust.[6] The dollar figures reported in that filing — amount sold, amount remaining and investor count — appear in the sales module on this page. Sponsors are not required to file an amendment when an offering closes, so confirm current availability with the sponsor.
How long is the FedEx Ground lease, and what happens after?
Kingsbarn describes a brand-new 15-year lease in place at acquisition in 2023.[1] Renewal options, rent escalations and the tenant's early-termination rights, if any, are disclosed in the PPM rather than in the SEC filing. FedEx Ground is the named tenant; the lease obligation belongs to that entity, not to the individual facility.
Does this Trust have a 721/UPREIT exit?
No. The record shows no provision for converting investor interests into operating-partnership units of a REIT — a 721/UPREIT exit, which some sponsors use to roll DST investors into a larger portfolio. Any exit here would come through a sale or refinancing of the property as described in the PPM.
Is the Trust leveraged?
Not established. The Form D does not report leverage, and no mortgage lender, loan amount or loan-to-value figure was found in sponsor materials or public reporting during research on August 30, 2026. Treat the capital structure as unknown until you read the PPM.
What does Rule 506(c) mean for me as an investor?
506(c) is a private-placement exemption that lets the sponsor advertise the offering publicly, but every purchaser must be an accredited investor whose status is verified through documentation such as tax returns, brokerage statements or a letter from a CPA or attorney. A 506(b) offering, by contrast, cannot be advertised and can accept self-certification.
Chapter 9KB Ohio Logistics, DST – New Build-to-Suit Construction Net-leased to FedEx GroundOffering details for the DST: ~250,956 SF industrial property net-leased to FedEx Ground on a new 15-year lease in Bowling Green, OH.