KBS Reaches Milestone, Surpasses $6 Billion Capital Raised
KBS Capital Markets Group, a distributor of real estate investment products founded in 2005, recently passed $6 billion in capital raised since its inception.
The company distributes real estate investment products including non-traded real estate investment trusts (REITs) through independent broker-dealers and their financial advisors. To-date, KBS has secured just about 1,000 selling agreements across all of its offerings.
“Raising over $6 billion in capital for non-traded REIT offerings going on 10 years is a remarkable accomplishment,” commented Hans Henselman, chief operating officer and chief compliance officer for KBS.
Mick Manning, the newly appointed CEO and president of KBS Capital Markets Group commented, “Since our launch in 2005, we have prided ourselves on professionalism, integrity and honoring our investors. These virtues have allowed us to stay viable in an ever-changing, dynamic asset class.”
KBS just surpassed $5 billion in capital raised in March of 2014 demonstrating an increased appetite for the company’s commercial real estate investment offerings from advisors and investors.
“This is a significant milestone for us and we wouldn’t have reached it if it wasn’t for our team’s hard work, the support of the financial advisors and broker-dealers who partner with us, and the trust of our investors,” added Manning.
Currently, the California-based KBS employs about 60 people.