KBS Real Estate Investment Trust II, Inc.


KBS Real Estate Investment Trust II, Inc. uses a “hybrid” real estate investment strategy by acting as both an owner of real property and as a lender. It acquired a diversified blend of Class A office and industrial properties in major metropolitan markets, as well as real estate-related loans.

The strategy of KBS REIT II is intended to provide increased risk management as well as broad portfolio diversification by property type, geographical region, investment size, and investment risk. The REIT’s portfolio consists primarily of core real estate assets and strategic debt investments. The majority of its portfolio is allocated to investments in core properties (see below), and the remaining portion of the portfolio to real estate-related investments such as mortgage, mezzanine, bridge and other loans; debt and derivative securities related to real estate assets, including mortgage-backed securities; and the equity securities of other REITs and real estate companies.

Core properties, which are generally lower risk, existing properties with at least 80% occupancy and minimal near-term lease rollover, invested in to date include:

• Office properties — low-rise, mid-rise and high-rise office buildings and office parks in urban and suburban locations, especially those that are in or near central business districts or have access to transportation; and

• Industrial properties — warehouse and distribution facilities, office/warehouse flex properties and light industrial properties.

Original share price is the original issuance price of non-traded public REIT shares.

Book value is the most recently published total shareholders' equity divided by shares outstanding.

Many non-traded public REIT managers publish an estimated net asset value (“NAV”) per share. To make this calculation, REIT managers rely in part on an estimate of the fair market value of the REIT’s real estate investments, then adjust to give effect to other REIT assets and liabilities, including mortgages. The resultant valuation is then divided by the number of shares outstanding to arrive at a NAV per share.

Historic dividend is the recent amount paid by a non-traded public REIT to its shareholders. Dividends are typically distributed quarterly and are subject to adjustment at each distribution period.

FFO is a financial calculcation that is widely recognized in the REIT industry as a measure of operating performance, or cash flow. FFO is defined by the National Association of Real Estate Investment Trusts (“NAREIT”) as net income (loss) computed in accordance with GAAP, excluding gains or losses from sales of property, plus depreciation and amortization on real estate assets, and after adjustments for unconsolidated partnerships and joint ventures. FFO was developed by NAREIT as a measure of performance to recognize that income-producing real estate has historically not depreciated consistent with the basis as determined under GAAP.

Data Sources

Sponsor Website
Property Portfolio
Diversified, Industrial, Mortgage, Office

Past Auctions

Date Sold No. of Shares Price per share
Oct 10, 2018 772.363 US $3.15
Feb 7, 2018 1,388.719 US $7.01

Current Auctions

There are no auctions at this time. We anticipate auctions of KBS Real Estate Investment Trust II, Inc. soon.

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