Keppel Pacific Oak Announces Dallas Acquisition

News about Keppel Pacific Oak US REIT

After having just changed its name, Keppel Pacific Oak US REIT has announced the acquisition of an office complex in Irving, Dallas. Named One Twenty Five, the property, comprising two class A office building, will be acquired for US$101.5 million.

The manager expects the purchase to be DPU accretive and to be funded by a private placement and debt.

Keppel Pacific Oak US REIT
Price0.755 USD
NAV0.760 USD
Yield (4 quarters)7.62%
Gearing37.7%