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.
To read the full article, please login or subscribe.
