trending Market Intelligence /marketintelligence/en/news-insights/trending/b6dLc7BzT_ONXkFbxIF52Q2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

KBS REIT gets tender offer from Everest REIT Investors I, II

Blog

Understanding the Basics of Social Housing Providers and Associations (SHPAs)

Video

Climate Credit Analytics: Linking climate scenarios to financial impacts

Blog

Real Estate News & Analysis: April Edition

Blog

COVID-19 Impact & Recovery: Investment Banking


KBS REIT gets tender offer from Everest REIT Investors I, II

KBS Real Estate Investment Trust Inc. received a cash tender offer for up to 9,260,000 shares of its common stock.

Everest REIT Investors I LLC and Everest REIT Investors II LLC offered to buy the shares at $2.56 apiece, without interest. If all shares sought are tendered in the offer, the buyers would be required to pay a total of about $23.7 million, for which they have the capital available and committed. The offer will expire at 5 p.m. PT on March 10, unless extended.

The investors and their affiliates currently beneficially own 1,450 shares of the REIT.