The asset involved in the transaction is an office portfolio, comprising several office buildings located in Texas, Minnesota, and California. The portfolio includes properties such as Legacy Town Center in Plano, Sterling Plaza in Dallas, and 60 South Sixth in Minneapolis, as well as multiple properties in San Jose and Emeryville. The total loan amount for refinancing these properties is $480,000,000.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $480,000,000
• Loan Type: Refinance
• Landlord: Marc DeLuca - KBS
• Market: Texas, Minnesota & California
• Loan Includes: $15 million for leasing and capital improvements
• Loan Term: Extends to January 2027 with two 12-month extension options

The individuals and companies involved in the deal include Marc DeLuca, representing KBS as the landlord. KBS secured the loan facilities necessary for the refinancing of the office buildings listed, reflecting strategic financing efforts within the real estate market.