KanAm introduces second US close-ended real estate fund

KanAm International, the Munich based fund manager, introduced KanAm/WestWind USA Office II, its second US close-ended real estate fund. Investment is in a 55 story building in Miami, Florida.

The complex has been rented out for 94%. Major tenants include renowned lawyer firms, PricewaterhouseCoopers, Ernst & Young and Deloitte & Touche. Total investment is around USD 77 mln. Annual yield is expected to start at 7.5%, which gradually will increase to 11%. Partner in the investment is Land Lease.

(source: KanAm)

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