KBS launches 2 IPOs for nontraded REITs

03/16/2010 | GlobeSt.com

KBS Capital Markets Group is launching IPOs for two nontraded REITs -- KBS Strategic Opportunity REIT and Legacy Partners Apartment REIT, which it has formed with Legacy Partners Residential Realty. Together, they will offer 300 million shares at a maximum price of $10 per share.

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