Prime REIT. Prime REIT. Prime REIT.
If you say it fast enough, and repeat it often enough it becomes Prime Rib, Prime Rib, Prime Rib.
Not too long ago, Keppel Capital partnered with Peter M. Bren and Charles J. Schreiber, Jr’s KBS Realty Advisers to list a Grade B Office REIT called Keppel KBS in Singapore.
Keppel Capital and KBS Asia Partners (KAP) have lodged their prospectus and will go ahead to list their Grade A Office REIT called Prime US REIT.
This article will go through what I think about this REIT.
The OfferFrom what we understand, there will be a Placement and public offer at a price of US$0.88.
There will be a total of 923 million units.
The breakdown:
Placement and Public Offer: 335 mil units KBS REIT III: 228 mil units Cornerstone Investors: 360 mil units AT Investments Limited: 8% of REIT KCIH: 6.8% of...