KBS Real Estate Investment Trust II (KBRS)
Filed: 28 May 10, 12:00am
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 26, 2010
KBS REAL ESTATE INVESTMENT TRUST II, INC.
(Exact name of registrant specified in its charter)
| Maryland | 000-53649 | 26-0658752 | ||
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | IRS Employer Identification No. |
620 Newport Center Drive, Suite 1300
Newport Beach, California 92660
(Address of principal executive offices)
Registrant’s telephone number, including area code: (949) 417-6500
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| ITEM 8.01 | OTHER EVENTS |
Real Estate Investments
Acquisition of Crescent VIII
On May 26, 2010, the Company, through an indirect wholly owned subsidiary, acquired a four-story office building containing 82,265 rentable square feet located on approximately 4.2-acres of land in Greenwood Village, Colorado (“Crescent VIII”). The seller is not affiliated with the Company or KBS Capital Advisors, the Company’s external advisor. The contractual purchase price of Crescent VIII is approximately $12.5 million plus closing costs. The Company funded the purchase of Crescent VIII with proceeds from the Company’s ongoing initial public offering, but may later place mortgage debt on the property.
Crescent VIII is located at 8350 E. Crescent Parkway in Greenwood Village, Colorado and is currently 98% leased to three tenants.
1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| KBS REAL ESTATE INVESTMENT TRUST II, INC. | ||||||
| Dated: May 28, 2010 | BY: | /s/ Charles J. Schreiber, Jr. | ||||
| Charles J. Schreiber, Jr. | ||||||
Chairman of the Board, Chief Executive Officer and Director | ||||||