February 4, 2019
Newport Beach, CA-based KBS reported the net asset value of its portfolio increased 6.15% in 2018. KBS’ real estate portfolio consists of 118 properties located in prime U.S. urban markets, valued in excess of $11 billion as of December 31, 2018. The assets are held through five public non-traded REITs as well as eight funds managed for two institutional separate account relationships.
KBS‘ Chuck Schreiber says, “While we hear a general consensus that the commercial real estate market is softening, the substantial and disciplined growth of KBS’ portfolio suggests there is still ample opportunity for continued growth and return for owners who are strategic with respect to the markets and the type of office property purchased and operated.”
In addition to growing the value of its real estate, KBS made weighted average distributions to investors for its public non-traded REITs (excluding its opportunistic REITs) of nearly 6%, and for its institutional funds in excess of 7% on invested capital.
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