Prime US REIT ("Prime" or "the REIT") is offering 335,203,200 units in its IPO at US$0.88 each (or S$1.20 per unit). The placement tranche of 318m and public offering of 16.761m units will be held concurrently. The offer will close on 15 July 2019 at 12pm and IPO proceeds will be used to fund the acquisition of the properties.
Prime US REIT comprise investors exposure to a portfolio of prime Class A Office Properties across the United States. The objective is to achieve long-term growth in DPU (distributions per unit) and NAV (net asset value). Prime US REIT is the 3rd US Office Reit to be offered on SGX after Manulife US REIT and Keppel-KBS US REIT.

I am glad to see the REIT market in Singapore developing well although the recent US Hospitality Trusts did not perform too well. 

Portfolio The portfolio comprises of 11 freehold Class A...