REAL ESTATE

Koll Directors Reelected: Koll made his REIT remarks Tuesday after the annual meeting of Koll’s management services subsidiary.

Shareholders at the meeting reelected the company’s seven-member board of directors for another year. KMS expects to release its latest quarterly results in the next two weeks and possibly as early as Friday, said William Rothe, chief operating officer of the subsidiary.

KMS, with 100 million square feet under management, is now the third-largest property management company in the nation, just behind Cushman & Wakefield and Trammell Crow Co.

Rothe said KMS will focus on acquisitions during the next 12 months. The company is still absorbing its June purchase of Chicago-based Rubloff Inc., a transaction that added 30 million square feet.

KMS has sufficient capital for more acquisitions but might tap the capital markets this year if a large purchase is planned, Rothe said.

“We’re looking at barriers to entry, and they are as low as they’ve ever been,” he said. “There is a window of opportunity here, but those windows of opportunity will close. And when they do, we want to be on the other side, in the new world of real estate.”

Koll Co. owns 64% of outstanding KMS common stock, which was up 50 cents Tuesday to close at $10 a share on the NASDAQ market.