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    (949) 417-6500
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KBS Quarterly

Letter from Chuck

KBS Quarterly

Letter from Chuck

  • July 25, 2022
Since KBS was formed 30 years ago, we have known that challenges in the marketplace provide opportunities for our investment activities and strategies. The headlines in recent news earlier this month, “U.S. Economy Contracts for Second Straight Quarter,” announces we have a recession.

Numerous financial and economic changes are occurring, and significantly, the cost of debt is sure to impact investment activities. Hopefully, inflation will trend down to a 5% range by the end of the year. Any strength and stability we are experiencing in our portfolio are the result of our high-quality tenants who are leasing space in our buildings. Our portfolio has very good, financially strong companies who have been attracted to our office buildings because of the high-quality business environment and exceptional operations in which their firms can conduct business.

Reports are showing all of the major world economies will be in or near a recession during the next quarter, but the U.S. market should perform better than the others. The entrepreneur talent within U.S. companies continues to advance successful firms through challenging economic times.

Although we have experienced a decline in occupancy below 86% in our nearly 10 million-square-foot portfolio during the first two quarters, we have recently benefited from an increased level of leasing in a number of our prize buildings. Additionally, we are finalizing the disposition of selected assets and have successfully negotiated sales agreements with quality buyers. I suggest our successes are the result of not only the quality of the assets we manage, but also of the professional marketing efforts and diligent work achieved by our entire team. Thank you for your contributions. God bless America.

Charles J. Schreiber Jr.
President and Chairman, KBS

More Highlights

Uncategorized

Letter from Chuck

  • November 17, 2022
KBS continues to operate our high-quality portfolio of strategically located office buildings with challenging events facing the U.S. market. We are very fortunate to have a portfolio of premier buildings in several stabilized office markets.
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ESG Explained

  • November 17, 2022
As asset manages and fiduciaries like KBS become more focused on ways to become transparent, sustainable and mitigate risk on behalf of their tenants, partners, and shareholders, having a framework that is mindful of Environmental, Social and Governance factors is key for future growth.
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Photos from the Quarter

  • November 17, 2022
Halloween Fun

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