Keppel-KBS REIT expands footprint in Florida with USD48.5 million acquisition

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Keppel-KBS US REIT is acquiring Maitland Promenade I for USD48.5 million.

The property is being acquired from The Realty Associates Fund X, will be Keppel-KBS US REIT’s second property in Orlando, Florida, and is adjacent to Maitland Promenade II, which the REIT currently owns.

Maitland Promenade I has a net lettable area of 230,371 square feet, with a committed occupancy rate of 98.1% as at 25 October 2018.

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