REIT's Property Liquidation Shows Effects of Tough US Office Market

With its Chicago building sold to Envoi, KBS nears the end of a national portfolio liquidation amid a tough office market.

The move reflects Envoi’s thesis: acquire overlooked, character-rich Chicago buildings and underwrite their return to use with a value-based, infill approach. See it among the projects in our portfolio.

It is part of Envoi Partners’ value-based, infill adaptive-reuse work across Chicago — giving the city’s overlooked, character-rich buildings a second life. The future of Chicago’s past.

Summarized from coverage by CoStar. Figures and project details are illustrative pending final approvals.