Keppel Pacific Oak US REIT’s $65 Million Private Placement

Rajah & Tann Singapore acted for the joint bookrunners and underwriters.

Keppel Pacific Oak US REIT (SGX:CMOU) launched a private placement to fund the proposed acquisitions of Bridge Crossing in Nashville, Tennessee, which will be purchased for US$46 million, and 105 Edgeview in Denver, Colorado, at US$59.1 million.

DBS Bank Ltd. and United Overseas Bank Limited were appointed as joint bookrunners and underwriters. 

Keppel Pacific Oak US REIT (KORE) principally invests in a diversified portfolio of income-producing commercial assets and real estate-related assets in key growth markets of the United States (US) with positive economic and office fundamentals that outpace that of the US average, as well as the average of the gateway cities, so as to provide sustainable distributions and strong total returns for Unitholders.

The Rajah & Tann team was led by Partners Raymond Tong (Picture) and Penelope Loh. 

Involved fees earner: Penelope Loh – Rajah & Tann LLP; Raymond Tong – Rajah & Tann LLP;

Law Firms: Rajah & Tann LLP;

Clients: DBS Bank; United Overseas Bank Limited Co.;

Author: Sonia Carcano