KBS Real Estate Investment Trust (KBSR)
OTC PINK OTC PINK Primary Summary
KBS Real Estate Investment Trust Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CAD Chelsea A. Delgado Main Street Group Ltd. | 521 | $84.4 | $63.04 | -$21.36 | -25.31% |
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KBS Real Estate Investment Trust Profile
| Office REITs Industry | Real Estate Sector | Charles Jay Schreiber Jr. CEO | OTC PINK Exchange | 48668L105 CUSIP |
| US Country | - Employees | 16 Jun 2023 Last Dividend | - Last Split | - IPO Date |
Overview
KBS Real Estate Investment Trust III, Inc. is a Maryland corporation that operates as a Real Estate Investment Trust (REIT). This business structure allows the company to enjoy certain tax benefits, provided it continues to comply with the specific regulations governing REITs. KBS Real Estate Investment Trust III, Inc., alongside KBS Limited Partnership III—a Delaware limited partnership referred to as the Operating Partnership—manages its business activities. The company serves as the sole general partner of its Operating Partnership, indicating it holds primary responsibility for the partnership's operations, and its financial structure involves a diverse portfolio of real estate investments. Since initiating its initial public offering (IPO) on October 26, 2010, which concluded its primary portion in July 2015, the company has managed a significant amount of capital through share sales, including subsequent offerings under a dividend reinvestment plan.
Products and Services
The company has established a broad portfolio of real estate investments, segmented primarily into office properties, a mixed-use property, and securities investments. Below is a detailed breakdown of its offerings:
- Office Properties: As of December 31, 2022, KBS Real Estate Investment Trust III, Inc. owned 16 office properties. These properties represent the core of the company’s investment portfolio, reflecting its focus on commercial real estate in potentially lucrative locations. The emphasis on office real estate caters to a variety of tenants, from startups to established corporations, seeking premium office spaces.
- Mixed-Use Office/Retail Property: In addition to its office properties, the company owns a mixed-use office/retail property. This diversity allows the company to tap into multiple market segments, offering spaces that serve both corporate and retail clients. Mixed-use properties are increasingly sought after for their versatility and ability to provide a symbiotic environment for businesses and consumers alike.
- Securities Investment: KBS Real Estate Investment Trust III, Inc. extends its investment strategy to the equity market by holding an investment in the equity securities of a Singapore real estate investment trust (SREIT). This strategic investment in an SREIT not only diversifies the company’s portfolio geographically but also allows it to partake in the growth potential of the Asian real estate market, a sector known for its dynamic growth and investment opportunities.
The company continues to offer shares of common stock under its dividend reinvestment plan. This plan allows shareholders to reinvest their dividends into additional shares, supporting the company’s growth while providing investors an avenue to increase their stake in the company’s portfolio. Additionally, the company has mechanisms in place to manage its share offerings, including the capability to issue shares in private transactions exempt from certain registration requirements, showcasing its flexible approach to capital management and investor relations.
