KBS Strategic Opportunity REIT Inc., a U.S. public, non-traded real estate investment trust based in Newport Beach, California, filed a public draft prospectus with the Israel Securities Authority for a proposed offering of Series A debentures for a newly formed subsidiary KBS SOR (BVI) Holdings Ltd., which will own all of its properties.
The new REIT is looking to raise between $100 million and $150 million. The debentures will be denominated…
Source: Co Star Commercial Real Estate
