Keppel-KBS US REIT a 'buy' as it deepens exposure in growing Seattle market

SINGAPORE (Sept 25): DBS is maintaining its “buy” call on Keppel-KBS US REIT with a target price of 95 US cents.

This came on the back of news that the REIT will be acquiring 21 buildings – dubbed the Westpark portfolio – located in a suburban business campus in Redmond, Washington for US$169.4 million ($231.4 million) from KBS Strategic Opportunity REIT (SOR).