Keppel Pacific Oak U.S. Real Estate Investment Trust (KORE) is set to be included in the FTSE EPRA Nareit Global Developed Index beginning Sept. 20, according to a statement from Pacific Oak Capital Advisors, the REIT's asset manager.
The index tracks the performance of listed real estate companies and investments across the globe and is widely viewed as the leading benchmark for listed real estate investments.
"KORE's inclusion in the FTSE EPRA Nareit Global Developed Index will enhance its visibility among institutional investors and index funds globally," Jeff Rader, executive vice president of Pacific Oak Capital Advisors, said in the release. "The inclusion is a significant milestone that complements KORE's ongoing efforts to establish itself as the preferred choice for U.S. office S-REIT investors seeking exposure to the fast-growing technology sector in the U.S."
Listed on the main board of the Singapore Exchange Securities Trading Limited, KORE’s strategy for its 15-property portfolio consists of a mix of commercial assets, including a growing presence in the growth and defensive sectors such as technology.
KORE'S goal is to produce a variety of profitable investments that help the U.S. economy grow, the release said.