---
schema_version: "secwatch.filing_event.v1"
accession: "0001411059-23-000033"
form_type: "8-K"
ticker: null
cik: "0001411059"
company_name: "KBS Real Estate Investment Trust II, Inc."
filed_at: "2023-04-05T23:59:59+00:00"
generated_at: "2026-06-17T05:46:26.893519+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# KBS REIT II sells Union Bank Plaza for $104M, down from $155M original price

## Summary
- Sale closed March 30, 2023; price reduced from $155M to $104M after 13 amendments.
- Third-party closing costs of ~$1.1M; disposition fees payable to Advisor excluded.
- Net cash proceeds of $90.2M (after deducting $10.5M in extension fees already paid).
- Pro forma net assets in liquidation as of Dec 31, 2022: $133.6M, up $0.2M from historical.
- Property was a 40-story, 701,888 sq ft office building in Los Angeles.

## SEC filing metadata
- accession: 0001411059-23-000033
- form_type: 8-K
- cik: 0001411059
- company_name: KBS Real Estate Investment Trust II, Inc.
- filed_at: 2023-04-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1411059/000141105923000033/0001411059-23-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1411059/000141105923000033/kbsrii-20230330.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001411059-23-000033
- JSON: https://secwatch.observer/filing/0001411059-23-000033.json
- Plain text: https://secwatch.observer/filing/0001411059-23-000033.txt

## Key facts
- M&A Transactions
  KBS Real Estate Investment Trust II, Inc. completed a disposition involving WB Union Plaza Holdings LLC for $104.0 million (closed 2023-03-30).
  - Action: disposition
  - Counterparty: WB Union Plaza Holdings LLC
  - Consideration: $104.0 million
  - Closing: 2023-03-30
  source text: On March 30, 2023, the Company completed the sale of Union Bank Plaza to the Purchaser for $104.0 million, before third-party closing costs of approximately $1.1 million and excluding disposition fees payable to the Advisor.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1411059/000141105923000033/0001411059-23-000033-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.