{"id":5753,"date":"2016-03-04T07:00:55","date_gmt":"2016-03-04T12:00:55","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&p=5753"},"modified":"2016-03-03T14:57:20","modified_gmt":"2016-03-03T19:57:20","slug":"kbs-raises-216m-in-first-phase-of-israeli-bond-offering","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/kbs-raises-216m-in-first-phase-of-israeli-bond-offering\/","title":{"rendered":"KBS raises $216M in first phase of Israeli bond offering"},"content":{"rendered":"
March 01, 2016 04:35PM<\/em>\u00a0 |\u00a0By Rey Mashayekhi<\/a>\u00a0| The Real Deal<\/span><\/em><\/p>\n KBS Strategic Opportunity REIT is on the verge of becoming the first U.S. real estate investment trust to successfully issue bonds in Israel. The company closed a roughly $216 million debt tender to Israeli investment funds and financial institutions Tuesday, sources told The Real Deal<\/em>.<\/span><\/p>\n The public, non-traded REIT \u2014 managed by Newport Beach, Calif.-based real estate investment firm KBS Capital Advisors \u2013 secured the $216 million institutional tender at an interest rate of 4.25 percent, according to sources with knowledge of the deal.<\/p>\n The bond issuance received more than $300 million in demand from Israeli institutional investors, these sources said, with the company\u2019s debt offering now set for a public tender that will allow a broader pool of investors to invest in the REIT.<\/p>\n<\/p>\n