Transwestern has been appointed asset manager for KORE U.S. REIT, which holds a portfolio comprising 13 office properties totaling approximately 4.8 million square feet across eight markets with an aggregate asset value of approximately $1.3 billion.
Transwestern is also KORE’s services provider for 12 of the assets in the portfolio, which are located in Austin; Bellevue/Redmond, Wash.; Dallas; Denver; Houston; Orlando; and Sacramento. Services include property management, accounting and leasing.
“The Transwestern Services team has a long history of providing property management and leasing services for these assets,” said Charles Hazen, president of Transwestern Investments. “Our newly expanded role allows us to bring Transwestern’s integrated investment management capabilities to help execute the long-term strategy for the REIT.”
“For nearly eight years, Transwestern has been a trusted partner for these assets,” said Chip Clarke, chief revenue
