KBS REIT III to Explore Strategic Alternatives, Potential NAV REIT Conversion

KBS Real Estate Investment Trust III Inc., a publicly registered non-traded REIT, plans to explore strategic alternatives in an effort to provide liquidity to its stockholders. The company noted that one of the strategic alternatives could be a potential conversion of the company into a NAV REIT, where shares are valued as often as daily, […]

KBS REIT III to Sell 11 Properties to Singapore REIT in Billion Dollar Deal

KBS Real Estate Investment Trust III Inc., a publicly registered non-traded REIT, has agreed to sell 11 properties to various subsidiaries of Prime US REIT, a newly formed Singapore real estate investment trust that is expected to be listed on the Singapore Stock Exchange. The sale price of the portfolio is $1.2 billion, and the […]

Multifamily Absorption Reaches 5-Year High

US apartment demand spiked during the second quarter of 2019 with product absorption climbing to a five-year high, according to RealPage. It reports that net move-ins totaled 155,515 units in the April-through-June time frame, topping Q2 2018 product absorption by 11%. There are a number of reasons for the increase, says RealPage Chief Economist Greg […]