UNLOCK THE POWER OF THE VAULT

KBS Strategic Opportunity REIT Buys Washington Portfolio for $128 Million

May 13, 2016

May 12 2016 | by DI Wire

KBS Strategic Opportunity REIT, a publicly registered non-traded real estate investment trust, purchased the Westpark Portfolio in Redmond, Washington for $128 million.

“The dynamic location of the Westpark Portfolio presents a compelling opportunity for KBS, and tenants will enjoy the live-work-play environment, mass-transit options and accessibility,” said Jeff Rader, senior vice president and asset manager at KBS. “Redmond is a thriving market catering to a young, well-educated workforce, and we are pleased to add this asset to the KBS Strategic Opportunity REIT portfolio.”

The Westpark Portfolio is a 21-building, 778,472-square-foot property encompassing three office and industrial parks. It is currently 82 percent leased, to a roster of tenants representing numerous industries including media, manufacturing, IT services, wholesale, software and engineering.

Article Located Here

Print Friendly, PDF & Email
Go Back
Loreen M. Gilbert, CIMA, AIF, CRC, CLTC – President, WealthWise Financial Services
Blue Vault
July 6, 2016

Our firm has been using Blue Vault from the first year it was available.

We have found it to be a valuable tool to verify what wholesalers tell us and to dig deep into how the reported investments are really performing.

We appreciate that Blue Vault has expanded its services from initially covering REIT's to now also including BDC's.

Our clients also appreciate that we conduct this additional due diligence on their behalf.