Keppel Pacific Oak US REIT (KORE) has laid out plans for one of its assets that seems to have been languishing in terms of occupancy figures.

In response to questions from REITsWeek, the REIT disclosed that it will employ a rejuvenation strategy that has borne fruit at other properties, with noticeable improvements in occupancy figures.

KORE is a Singapore Exchange (SGX)-listed office REIT that focuses on assets within the so-called sunbelt cities across the US.

The REIT recently reported its 3Q 2023 results, which showed improvements in revenue and net property income.

Related: DBS Bank disposes of 475K units of Keppel Pacific Oak US REIT

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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.