David Snyder, CEO of Keppel Pacific Oak US REIT (Photo: KORE)

Keppel Pacific Oak US REIT (KORE) has responded to questions over layoffs in the tech sector, amid ongoing purges to headcounts at some of the biggest US tech companies.

KORE is a US-focused REIT with a portfolio of 13 freeholds assets across eight markets in the country.

Among the three US-focused office REITs listed on the Singapore Exchange (SGX), KORE has distinguished itself as one that is more heavily exposed to the technology, advertising, media and information (TAMI) sectors.

Related: Headwinds facing US office REITs to persist in 2023 amid tepid attendance


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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.