Keppel-KBS US REIT's Westmoor Center in Denver, Colorado. (Photo: Keppel-KBS US REIT)Keppel Pacific Oak US REIT's Westmoor Center in Denver, Colorado. (Photo: Keppel Pacific Oak US REIT)

Singapore’s DBS Bank has reduced its stake in Keppel Pacific Oak US REIT.

The lender recently disposed of 475,000 units of the REIT via a market transaction.

Keppel Pacific Oak US REIT is a Singapore Exchange (SGX)-listed REIT that exclusively owns a portfolio of US office REITs.

Related: DBS disposes of 500,000 units of Mapletree Logistics Trust

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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.