Steve Beckett, KBS Capital Markets Group, will be joining the South Coast Team to discuss KBS Strategic Opportunity REIT II. This strategy focusses on “special situation” or mis-managed real estate where KBS is able to add tremendous value through their decades of experience in repositioning properties through improvements and additional lease-up after acquiring them. We will be focussing on several case studies of projects currently in the portfolio including the Springmaid Beach Resort in Myrtle Beach, SC, the 210 West 31st Street development project in Manhattan, NY, and the Lincoln Court Silicon Valley office property in Campbell, CA.
This non-traded REIT will be announcing its first estimated value per share based on net asset value in early June and close the offering shortly thereafter. Shareholders today have an excellent entry point given the assumed value creation that has already taken place in the portfolio but is not yet represented in the share price.
Please RSVP to join us for lunch on Thursday, March 30th at 12:00 pm.