Pensions and Investments - 2017 Largest Real Estate Managers

CUMULATIVE TRANSACTIONAL VOLUME SINCE INCEPTION







Presented by calendar year for the period 1993 through December 31, 2017. The graph shows, by year, the aggregate value of the purchase price of the investments described below plus the sales price or transfer of any such investments sold or transferred (or the amount received upon the maturity or settlement of debt investments) during the applicable period. For each period, the value represents real estate and real estate-related investments acquired and disposed of by KBS-advised investors or KBS-sponsored programs (collectively, “KBS”). Includes equity investments in, and real estate-related debt investments secured by, real property assets, real property assets acquired through foreclosure, all consolidated joint venture investments and unconsolidated joint venture investments in which KBS owned or owns a majority interest, but excludes unconsolidated joint venture investments in which KBS did not or does not own a majority interest. Consolidated joint venture investments and unconsolidated joint venture investments in which KBS owned or owns a majority interest are shown at 100% of the respective purchase and/or sales price. Includes the following properties for which third-party asset managers unaffiliated with a KBS advisor provide asset management services, business and operation plans and other services: 867 bank branches, office buildings, operations centers and other properties; apartment and hotel properties; and an unconsolidated joint venture investment in which KBS owns a majority interest.