On 28 June 2019, KBS Asia Partners Pte Ltd (KAP) filed in the IPO Prospectus of Prime US REIT IPO – marking the fifth U.S.-based REIT to list in Singapore to date.

Its units are offered at US$ 0.88 each with its distribution yield forecasted to be 7.4% in 2019 and 7.6% in 2020. The timing of the offering has not been finalised.

You can download Prime US REIT prelim IPO prospectus here. 

Below, we will highlight summarize 7 things you need to know about Prime US REIT. Hence, here are 7 main things to know about Prime US REIT. 

Prime US REIT has 11 Freehold Class-A office properties located in cities all over the United States. In total, they have net lettable area (NLA) of 3.4 million sq. ft. and more than 10,000 parking stalls.

In 2018, Prime US REIT’s portfolio is worth US$ 1.23 billion and