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Beverly Hills, CA (March 10, 2016) –  KB Exchange Trust ("KB") announced the acquisition of three buildings located in Virginia and Georgia; each is leased to Fresenius Medical Care. All three buildings are newly-constructed dialysis clinics, totaling a combined rentable space of approximately 25,000 square feet. They were acquired for the combined purchase price of $12.92 million.
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Week Ahead: U.S. Jobless Claims Hit Three-Month Low
The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting a three-month low as the labor market continues to gather momentum. Initial claims for state unemployment benefits slipped 1,000 to a seasonally adjusted 253,000 for the week ended July 16, the lowest reading since April, the Labor Department said on Thursday. Claims for the prior week were unrevised. Claims are near the 43-year low of 248,000 touched in mid-April. Economists polled by Reuters had forecast initial claims rising to 265,000 in the latest week. Claims have now been below 300,000, a threshold associated with a healthy labor market, for 72 straight weeks, the longest stretch since 1973. Claims tend to be volatile around this time of the year when automobile manufacturers normally idle assembly lines for retooling. Some, however, often keep production running, which can throw off the model the government uses to strip out seasonal fluctuations from the data.
Jul 18 10:00 AM NAHB Housing Market Index Jul 62 61 60
Jul 18 4:00 PM Net Long-Term TIC Flows May NA NA -$67.4B
Jul 19 8:30 AM Building Permits Jun 1145K 1150K 1138K
Jul 19 8:30 AM Housing Starts Jun 1155K 1165K 1135K
Jul 19 8:30 AM Building Permits Jun 1145K 1150K 1136K
Jul 20 7:00 AM MBA Mortgage Index 07/16 NA NA 7.2%
Jul 20 10:30 AM Crude Inventories 07/16 NA NA -2.546M
Jul 21 8:30 AM Initial Claims 07/16 260K 265K 254K
Jul 21 8:30 AM Continuing Claims 07/09 NA NA 2153K
Jul 21 8:30 AM Philadelphia Fed Jul 4.0 5.0 4.7
Jul 21 9:00 AM FHFA Housing Price Index May NA NA 0.3%
Jul 21 10:00 AM Existing Home Sales Jun 5.45M 5.50M 5.51M
Jul 21 10:00 AM Leading Indicators June 0.3% 0.3% -0.2%
Jul 21 10:30 AM Natural Gas Inventories 07/16 NA NA 64 bcf

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