KBS Strategic Opportunity REIT is a non-traded Real Estate Investment Trust (REIT) that closed its initial public offering in November 2012. The REIT was specifically designed to capitalize on the dislocation, lack of liquidity, and government intervention that exists in the commercial real estate markets by acquiring a diverse portfolio of opportunistic investments in discounted debt and distressed equity assets. To date, shareholders have experienced an increase in share price of nearly 35% in addition to receiving 16% in cash distributions representing a total return of 50%+. There is a long runway of opportunity remaining in the portfolio, and this meeting will cover the additional value yet to be realized.
Mike Pollgreen with KBS Capital Markets Group will be providing an update on the success of KBS Strategic Opportunity REIT as well as introduce the current opportunity in KBS Strategic Opportunity REIT II. The current offering looks to capitalize on an opportunistic business plan similar to its predecessor and has already made some tremendous acquisitions to be discussed.