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KBS Strategic Opportunity REIT Acquires City Tower in Orange, California

April 25, 2018

KBS Strategic Opportunity REIT Acquires City Tower in Orange, California

April 19, 2018 | Beth Glavosek | Blue Vault

KBS Strategic Opportunity REIT has filed additional details regarding its acquisition of City Tower on March 6, 2018. City Tower is an office building that contains 431,007 rentable square feet located on approximately 4.92 acres of land in Orange, California. The purchase price (net of closing credits) was nearly $149 million, which makes this acquisition one of the REIT’s largest purchases to-date.

 

Learn more about KBS Capital Markets Group on the Blue Vault Sponsor Focus page.

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Gregory De Jong, CFP, Co-Founder of Paragon Advisors, LLC.
July 7, 2015

Blue Vault is just what advisors need to size up the different offerings in the nontraded REIT market. Just as importantly, it’s what the industry needs to encourage best practices among REITs.