secwatch.observer — SEC 8-K summary
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Issuer:     KBS Real Estate Investment Trust II, Inc. (—)
CIK:        0001411059
Form:       8-K
Filed at:   2023-04-05T23:59:59+00:00
Accession:  0001411059-23-000033
Event type: m_and_a
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1411059/000141105923000033/0001411059-23-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1411059/000141105923000033/kbsrii-20230330.htm
  HTML page:      https://secwatch.observer/filing/0001411059-23-000033

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