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EOP Putting More Assets In Play

CHICAGO-The largest US office REIT, already a net seller this year to the tune of $177 million, has $1.2 billion worth of assets on the market but is considering adding to that in light of investor demand.

By Mark Ruda | Updated on May 02, 2006

(To read more on the debt and equity markets, click here.)

CHICAGO-Equity Office Properties Trust may put more assets on the table to help feed a voracious investor appetite for class A office properties. The largest US office REIT already has $1.2 billion worth of properties on the market now, but the company may add to that as investors remain aggressive despite rising interest rates.

“There’s still very significant demand for office properties in virtually all of our markets,” says president and chief executive officer Richard D. Kincaid during his company’s earnings conference call Tuesday. “It’s just too attractive to ignore, so we’re evaluating our entire portfolio to put more assets into this market now. We’re constantly looking at our portfolio with an eye on what people would pay in the market and what we would pay for it.”

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