Prime US REIT
SGX Listed REIT
PRIME US REIT (SGX:OXMU)
ABOUT PRIME US REIT
Prime US REIT is a Singapore REIT established with the principal investment strategy of investing, directly or indirectly, in stabilised income-producing office assets, and real estate related assets, in the United States of America. The IPO Portfolio will comprise 11 office properties in the U.S., with a total Appraised Value of US$1,222 million and an aggregate NLA of 3.4 million sq ft.
KBS US Prime Property Management Pte. Ltd. is the manager of Prime US REIT and DBS Trustee Limited is the trustee of Prime US REIT. The Manager is jointly owned by KAP, KC Two and Experion. Times Properties Private Limited, a wholly-owned subsidiary of Singapore Press Holdings Limited, has on 28 June 2019 entered into a call option agreement with KAP to acquire from KAP a 20% stake in the Manager after the Listing Date, subject to MAS' approval.
