KBS Real Estate Investment Trust II, Inc.
KBRS
Other OTC1.20
USD
- -
- -
CIK
0001411059
Return %
Stock
S&P500
1Y
-10.45
26.53
3Y
-72.91
76.60
5Y
-72.91
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Charles Jay Schreiber Jr.
- Sector
- Real Estate
- Industry
- REIT - Office
- Address
- 800 Newport Center Drive Newport Beach CA United States of America 92660
- IPO Date
- Jul 29, 2014
- CIK
- 0001411059
- Website
- kbsreitii.com
- Similar Companies
- Business
- KBS Real Estate Investment Trust II, Inc. (KBRS) is a Maryland corporation that elected to qualify as a real estate investment trust focused on owning and operating office, office/flex, industrial properties, and real estate-related assets, including loans, primarily in large U.S. metropolitan markets. The company offers investors exposure to a portfolio historically featuring Class A properties such as Union Bank Plaza in Los Angeles; it operates through segments encompassing real estate, real estate-related investments, and previously the GKK Manager segment prior to liquidation proceedings. Founded in 2007 and headquartered in Newport Beach, California, KBS REIT II raised approximately $1.8 billion through its initial public offering, which closed in December 2010, with management provided externally by KBS Realty Advisors LLC and affiliates. Geographically, its operations targeted major U.S. markets attractive to tech and creative tenants with strong amenities. In recent major changes, shareholders approved a plan of complete liquidation and dissolution in March 2020; the company sold its final asset, Union Bank Plaza, for $104 million in March 2023 after acquiring it for $208 million in 2010; it authorized and paid a final liquidating distribution of $0.73433444 per share on April 28, 2023; subsequently, all common shares were cancelled, the entity became defunct as of May 2023, and it filed notifications with the SEC to terminate securities law obligations.