26 Oct 2017: Keppel-KBS US Reit, sponsored jointly by Keppel Capital and KBS Pacific Advisors, is issuing 262.77 million units at US$0.88 a piece in an initial public offering (IPO).

1. Sponsors:
The sponsors for this US Reit a JV between KBS Pacific Advisors and Keppel Capital.

Keppel Capital is the asset management arm of Keppel Group and currently manages 3 Singapore-listed Reit/Business Trust.

Keppel REIT – Office/Commercial Asset Keppel Infrastructure Trust – Utilities Infrastructure Keppel DC REIT – Data Centers They’re also managing Alpha Investment Partners Limited and manager of several private equity funds.

KBS Pacific Advisors is one of the largest US commercial real estate manager with about US 11.3 billion assets under their management. KBS is jointly owned by 4 partners – Peter McMilan III, Keith D.Hall, Rahul Rana and Richard Bren with Peter McMilan III serving as the chairman. Along with Keith, they hold one-third of the stake in …