\ **Laguna Hills, California (Month ##, 2026) –** Kingsbarn Capital & Development (“Company” or “Kingsbarn”) is pleased to announce that the Laguna Hills City Council has approved Terravita, an 18.5-acre residential development located on the former HERE and Spectrum Summit office campus in Laguna Hills, California. \ After serving the community for more than four decades as a seven-building office campus, the property has been successfully re-entitled for 480 dwelling units. The approved plan includes 259 duet, duplex, and triplex homes, along with 221 apartments, including 24 very low-income affordable units. \ Terravita represents the thoughtful repositioning of an aging office campus into a new residential community designed to help address the region’s housing needs while bringing new life to a well-located infill site. \ “This approval marks an important milestone for Terravita and reflects years of disciplined planning, collaboration, and perseverance,” said Phil Mader, President of Kingsbarn Capital & Development. “We are grateful to the City of Laguna Hills, our project team, and everyone involved in advancing a plan that thoughtfully reimagines an underutilized office campus into much-needed housing for the community.” \ The project team includes architects Urban Arena and AO, land use counsel Morgan Gallagher of Cox Castle, and development partner Kelemen Company. \ Kingsbarn also extends its appreciation to the Laguna Hills City Council, including Mayor Don Caskey, Mayor Pro Tempore Jared Mathis, Councilmember Joshua Sweeney, and Councilmember Erica Pezold, as well as Senior Planner Jay Wu and Community Development Director Jennifer Lowe, for their leadership and guidance throughout the entitlement process. \ “Terravita is a strong example of how aging commercial properties can be thoughtfully repositioned to meet the evolving needs of Southern California communities,” said Jeff Pori, CEO of Kingsbarn. “We are proud to help bring this vision one step closer to reality and look forward to the continued advancement of this important residential community.” \ **About Kingsbarn Realty Capital**\ Kingsbarn Realty Capital, parent company of Kingsbarn Capital & Development, is a real estate-centric investment house that provides institutional and accredited private investors access to an array of alternative investments. Kingsbarn offers investments in private equity, exchange traded funds, traditional investment funds, private capital, managed accounts and Delaware Statutory Trusts (DSTs). Additionally, 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 $2.6 billion of assets under management and has acquired over 320 properties throughout the United States. The company currently has a development pipeline of over $2 billion consisting of multifamily, student housing, medical, industrial, retail, and hospitality. For further information, visit [www.kingsbarn.com](https://www.kingsbarn.com) \ **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)
