Nevada | 07 January 2016 | REIT Times
KBS Strategic Opportunity REIT II has acquired 2200 Paseo Verde, a 59,818 square foot office property located in Henderson, Nevada, for $13.4 million.
2200 Paseo Verde is the only office property located at The District at Green Valley Ranch, a 450,00 square foot mixed use retail, office and residential park.
Brian Ragsdale, executive vice president at KBS, commented: “We believe that 2200 Paseo Verde will be a great addition to the KBS Strategic Opportunity REIT II portfolio.”
“Its location in the central business district of Henderson and the growing office market of southern Nevada has attracted high-quality tenants, and we believe it will continue to do so.”
Author: Becky Butcher
I have been using Blue Vault Partners for the past five years. I have found them to be a valuable, unbiased resource when it comes to evaluating and comparing non-traded REITs. The reports help me analyze which sponsors are doing a responsible job of managing their offerings. This allows me to limit my REIT recommendations to only the most competitive products, and then track those REITs throughout their life cycle.