Founded by Peter M. Bren and Charles J. Schreiber, Jr. in 2000, KBSRA LLC provides
acquisition, disposition, asset management and consulting services to corporations and
institutional investors in connection with real estate assets and real estate-related
investments including, on a limited basis, real estate securities. In particular, KBSRA LLC
provides these services to pension plans and sovereign wealth funds through its
management of real estate limited partnerships established to facilitate the investment by
such clients directly or indirectly in real estate and related investments. In certain cases,
such limited partnerships may invest through a real estate investment trust. KBSRA LLC
also serves as the U.S. based asset manager to certain subsidiaries of Prime US REIT which
is listed on the Singapore stock exchange.
Acquisition services include identifying and evaluating for client investment various real
estate assets and real estate-related investments including, on a limited basis, real estate
securities including but not limited to: direct investments in real estate, real estate limited
partnership interests, real estate investment trusts, group trusts and other collective real
estate investment vehicles, loans secured by interests in real estate, real property equities,
and mortgage-backed securities. In this capacity, KBSRA LLC serves as investment
adviser to public pension funds, sovereign wealth funds and/or certain investment vehicles
established on their behalf. KBSRA LLC also provides advisory and management services
to certain subsidiaries of Prime US REIT pursuant to a services agreement with the
manager of Prime US REIT and certain other affiliates of Prime US REIT.
KBSRA LLC is indirectly owned by Charles Jay Schreiber, Jr., and the Estate of Peter
Milton Bren. Charles Jay Schreiber, Jr. has the authority to control KBSRA LLC and
serves as Chairman and President.
Mr. Schreiber graduated from the University of Southern California with a bachelor’s
degree in finance with an emphasis in Real Estate. During his four years at USC, he did
graduate work in the then newly formed Real Estate Department in the USC Graduate
School of Business.
Mr. Schreiber has been involved in real estate development, management, acquisition,
disposition, and financing for more than 40 years and with the acquisition, origination,
management, disposition, and financing of real estate-related debt investments for more
than 30 years. Prior to forming the first KBS-affiliated investment advisor in 1992, he
served as the Executive Vice President of Koll Investment Management Services and
Executive Vice President of Acquisitions/Dispositions for
The Koll Company. During the
mid-1970s through the 1980s, he was Founder and President of Pacific Development
Company and was previously Senior Vice President/Southern California Regional
Manager of Ashwill-Burke Commercial Brokerage. Mr. Schreiber is the Chief Executive
Officer of KBS Capital Advisors LLC and is a principal of Koll Bren Schreiber Realty
Advisors, Inc.
He is currently an Executive Board Member for the USC Lusk Center for Real Estate
at the University of Southern California Marshall School of Business/School of Policy,
Planning and Development and serves as a member of the Executive Committee for the
Public Non-Listed REIT Council for the National Association of Real Estate Investment
Trusts. He is also a member of the National Council of Real Estate Investment Fiduciaries.
Mr. Schreiber has served as a member of the board of directors and executive committee
of The Irvine Company since August 2016, and since December 2016, Mr. Schreiber has
served on the Board of Trustees of The Irvine Company.
KBSRA LLC tailors its advisory services to the individual needs of clients, as it operates
within general investment guidelines approved or provided by its clients.
Final investment decisions are frequently made by KBSRA LLC as discretionary
investment manager, but in some cases KBSRA LLC provides non-discretionary advisory
services to clients.
KBSRA LLC also provides real property asset management services to clients with respect
to real property assets acquired by clients with its assistance and such assets transferred to
its management by clients. Real property asset management activities vary based upon the
investment type but may include determining capital and operation budgets, establishing
leasing guidelines and approving leases, developing marketing strategies, installing and
monitoring on-site property management activities, providing loan servicing, monitoring
the activities of general partners or other managing entities where investments include real
estate limited partnership interests or other collective investment vehicles, and generally
monitoring real property asset performance to emphasize maximization of investment
value.
KBSRA LLC also arranges and coordinates the sale of real property assets for its clients.
As of 12/31/2023, KBSRA LLC managed client assets are $1,522,368,623 on a
discretionary basis and $1,599,058,958 on a non-discretionary basis. A substantial majority
of these assets managed by KBSRA LLC are invested in real estate property assets with
the remainder of these assets being invested in other real estate-related investments,
including, but not limited to, real estate securities.