[*Update after Prime US REIT confirmed the IPO]
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. [Update: it has now filed its IPO Prospectus on 8th July. You can download Prime US REIT IPO prospectus here. ]
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 [Update below].
Sourced from PRIME US REIT IPO Prospectus
With that said, we will highlight 7 key things you need to know about Prime US REIT.
#1: PortfolioPrime 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.
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