SINGAPORE (Oct 17): Keppel Pacific Oak US REIT (KORE), formerly known as Keppel-KBS US REIT, has proposed the launch of a private placement to raise no less than US$73.1 million ($100 million).

In a bourse filing on Thursday morning, KORE reported that net proceeds from the placement will be used to partially fund the acquisition of One Twenty Five - a freehold office complex in Irving, Dallas, Texas worth US$101.5 million. 

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