The KBS Strategic Opportunity REIT’s recent self-tender offer expired on May 18, 2018.

The self-tender offer was originally for up to 8,234,217 shares of common stock at a price equal to $10.93 per share (representing 95% of a $15.11 net asset value before the stock distribution in December of 2017), for an aggregate value of approximately $90 million. However, as disclosed in the original filing, additional funds could be made available if necessary and the final self-tender amount was approximately $104.1 million.

Approximately $108.2 million in shares were submitted for the self-tender, which means investors who successfully submitted self-tender paperwork will be able sell approximately 96.2% of their shares requested and will retain the remainder.

Payment for shares properly tendered and accepted are expected to be made the week of June 4, 2018. Distribution will be sent to the account or address of record. For IRA accounts, distributions will be sent directly to the custodian.

To view the SEC filing, CLICK HERE.