One observation I had of the property portfolio was the relatively low occupancy of Tower 1 Emeryville and I asked management to enlighten me on the cause of the low occupancy and the latest occupancy rates at the property.

Apparently 2 tenants abruptly left the property and they had to search for new tenants. Currently the occupancy of the building is back to about 91%, so no worries there.

The Prime US REIT IPO is currently available for subscription and will close next Monday at 12pm. It will begin trading at 2pm, 19 July.

Other US IPO articles
ARA US Hospitality Trust IPO Review
Eagle Hospitality Trust IPO Review
Follow up on Eagle Hospitality Trust

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