{"id":1552,"date":"2015-09-09T02:30:39","date_gmt":"2015-09-09T02:30:39","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&p=1552"},"modified":"2015-09-09T02:30:39","modified_gmt":"2015-09-09T02:30:39","slug":"kbs-eyes-raising-105mln-for-private-reit","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/kbs-eyes-raising-105mln-for-private-reit\/","title":{"rendered":"KBS Eyes Raising $105Mln for Private REIT"},"content":{"rendered":"
Friday, 04 September 2015<\/p>\n
Commercial Real Estate Direct Staff Report<\/i><\/p>\n
KBS Realty Advisors, an investment manager with a substantial presence in the non-traded REIT business, is aiming to raise $105 million for KBS Growth & Income REIT Inc.<\/p>\n
The Newport Beach, Calif., company is raising the capital through its KBS Capital Markets Group affiliate, which will earn a 6.5 percent selling commission.<\/p>\n
The latest REIT is similar, in most regards, to KBS’ earlier non-traded entities. But instead of setting a $10 sales price for its shares, KBS is selling shares for $10,000 each. In addition, the offering is not public. Shares are being pitched to a small subset of the investor universe that typically is targeted by other KBS offerings.<\/p>\n
KBS Growth already has made an investment, buying the 101,161-square-foot Von Karman Tech Center in Irvine, Calif., that’s fully leased to Hosting, a database-services company.<\/p>\n
KBS was founded by Peter Bren and Charles Schreiber in 1992. Since then, it has completed some $32 billion of transactions through 14 separate accounts, six commingled funds and six non-traded REITs.<\/p>\n
http:\/\/www.crenews.com\/general_news\/general\/kbs-eyes-raising-$105mln-for-private-reit.html<\/p>\n
Friday, 04 September 2015 Commercial Real Estate Direct Staff Report KBS Realty Advisors, an investment manager with a substantial presence in the non-traded REIT business, is aiming to raise $105 … <\/p>\n