Keppel Pacific Oak US REIT (KORE) is proposing to acquire two office buildings located in Nashville and Denver for a total consideration of some US$105.1 million ($142.9 million), according to a July 28 announcement.

KORE’s manager also announced the launch of a private placement to raise US$65 million which will be used to partially fund the acquisition.

The Bridge Crossing building in Nashville, Tennessee is being acquired for US$46 million, while 105 Edgeview in Denver, Colorado is being acquired for $59.1 million. Both buildings are 100% leased as at June 30, including anchor tenants Comdata at Bridge Crossing and Gogo Business Aviation at 105 Edgeview.

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