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.
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