Prime poised to be third US-focused REIT to list on SGX Mainboard in 2019

Prime poised to be third US-focused REIT to list on SGX Mainboard in 2019

101 South Henley, Missouri, St. Louis, USA, one of the properties featured in the IPO portfolio (Source: KBS)

Prime US Reit (Prime), a US-focused REIT, is set to be the third such entity to be listed on the Singapore Stock Exchange’s Mainboard after the offerings by ARA Hospitality Trust, and Eagle Hospitality Trust in the first half of 2019.

ARA US Hospitality Trust raised $498 million in gross proceeds on the SGX while Eagle Hospitality Trust had proposed to raise $565.8 million but less than half of the 580.60 million units offered were fully subscribed.

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