TerraCap Management, LLC acquired Anchor Centre from KBS Real Estate Investment Trust III, Inc. for approximately $100 million.
January 18, 2021
Share
TerraCap Management, LLC acquired Anchor Centre from KBS Real Estate Investment Trust III, Inc. for approximately $100 million on January 19, 2021. Kevin MacKenzie and Jason Carlos of JLL Capital Markets arranged financing for the Terracap. Ben Geelan, Michael Leggett and Brian Ackerman of JLL Capital Markets represented KBS in the transaction. Bruce Fischer, Howard Chu, Caroline Pricher and Amanda Kennedy of Greenberg Traurig, LLP acted as legal advisors to KBS.
TerraCap Management, LLC completed the acquisition of Anchor Centre from KBS Real Estate Investment Trust III, Inc. on January 19, 2021.
KBS Real Estate Investment Trust III, Inc. is a real estate investment trust (REIT). The Company acquires and manages a diverse portfolio of core real estate properties. The Company conducts its business through KBS Limited Partnership III (the Operating Partnership). The Company's primary investment focus was core office properties located throughout the United States, through which the Company invests in other types of properties and real estate-related investments. The Company owns approximately 16 office properties, one mixed-use office/retail property and an investment in the equity securities of a Singapore real estate investment trust (the SREIT). The primary types of office properties the Company intends to invest in include low-rise, mid-rise and high-rise office buildings and office parks in urban and suburban locations. The Company is managed by KBS Capital Advisors LLC.
KBS REAL ESTATE INVESTMENT TRUST III, INC. 
