KBS Strategic Opportunity REIT II Sets Primary Offering Close Date

The board of KBS Strategic Opportunity REIT II, a publicly registered non-traded real estate investment trust, has approved the termination of its primary public offering.

The board of KBS Strategic Opportunity REIT II, a publicly registered non-traded real estate investment trust, has approved the termination of its primary public offering on July 31, 2018, according to a filing with the Securities and Exchange Commission.

Subscriptions must be dated on or before July 31, 2018, and subscriptions and all related documents and funds must be received by the company in good order by September 28, 2018.

The REIT plans to continue to offer shares under its dividend reinvestment plan after the primary offering closes.

KBS Strategic Opportunity REIT II filed a $625 million registration statement last August for a secondary offering comprised of $500 million in Class A and Class T shares of common stock and $125 million in shares under the distribution reinvestment plan.

KBS Strategic Opportunity REIT II launched in August 2014, and through a private placement offering and a subsequent initial public offering, raised a total of $242 million in investor equity as of the third quarter of 2017. The company oversees a $519 million portfolio comprised of seven investments, according to Summit Investment Research.

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