A real estate investment trust has extended a loan totaling more than $600 million tied to six office properties in three U.S. states, including its home state of California, as well as Texas and Minnesota, giving the REIT more time to raise at least $100 million of new debt or equity or risk default.
Office REIT At Risk of Default Gets Loan Extension for Properties in California, Texas, Minnesota
KBS REIT III Extends $600 Million Loan Tied to Six Office Properties
CoStar News
July 23, 2024 | 8:57 P.M.
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IN THIS ARTICLE
- Properties
- Ten Almaden
10 Almaden Blvd, San Jose, CA
- Legacy Town Center II
6900 Dallas Pky, Plano, TX
- Legacy Town Center I
7160 Dallas Pky, Plano, TX
- Preston Commons West Tower
8117 Preston Rd, Dallas, TX
- The Sterling
5949 Sherry Ln, Dallas, TX
- Companies
- KBS
Real Estate