National Commercial Real Estate News From CoStar Group
Oaktree/NFR JV Buys $240 Million Office Portfolio
Oaktree Funds partnered with National Financial Realty to purchase a 40 office building, 3.44 million-square-foot portfolio for $240 million or $70 per square foot. KBS Real Estate Investment Trust was the seller.
The assets include mission critical operations facilities and branch offices that are 90 percent occupied by Wells Fargo Bank on a long-term basis. They are located in eight states throughout the East and Southeast.
NFR, a private...