KBS Real Estate Investment Trust II (KBRS) 10-Q9 May 162016 Q1 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2016	May. 04, 2016
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Entity Registrant Name	KBS Real Estate Investment Trust II, Inc.
Entity Central Index Key	1,411,059
Entity Filer Category	Non-accelerated Filer
Current Fiscal Year end	--12-31
Entity Common Stock, Shares Outstanding		189,199,238

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Real estate:
Land	$ 206,262	$ 206,262
Buildings and improvements	1,020,163	1,009,368
Tenant origination and absorption costs	74,433	76,132
Total real estate, cost	1,300,858	1,291,762
Less accumulated depreciation and amortization	(124,641)	(113,460)
Total real estate, net	1,176,217	1,178,302
Real estate loan receivable, net	14,174	14,210
Total real estate and real estate-related investments, net	1,190,391	1,192,512
Cash and cash equivalents	59,476	72,687
Rents and other receivables, net	60,960	58,109
Above-market leases, net	6,968	7,596
Due from affiliate	181	0
Prepaid expenses and other assets	36,971	33,626
Total assets	1,354,947	1,364,530
Liabilities and stockholders’ equity
Notes payable, net	546,276	546,077
Accounts payable and accrued liabilities	32,638	30,329
Due to affiliate	40	49
Distributions payable	4,507	4,725
Below-market leases, net	4,534	5,570
Other liabilities	10,987	9,850
Total liabilities	$ 598,982	$ 596,600
Commitments and contingencies (Note 11)
Redeemable common stock	$ 8,316	$ 10,000
Stockholders’ equity:
Preferred stock, $.01 par value; 10,000,000 shares authorized, no shares issued and outstanding	0	0
Common stock, $.01 par value; 1,000,000,000 shares authorized, 189,256,628 and 189,556,185 shares issued and outstanding as of March 31, 2016 and December 31, 2015, respectively	1,892	1,895
Additional paid-in capital	1,684,209	1,684,206
Cumulative distributions in excess of net income	(938,426)	(928,111)
Accumulated other comprehensive loss	(26)	(60)
Total stockholders’ equity	747,649	757,930
Total liabilities and stockholders’ equity	$ 1,354,947	$ 1,364,530

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (Unaudited) - $ / shares	Mar. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	189,256,628	189,556,185
Common stock, shares outstanding	189,256,628	189,556,185

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Revenues:
Rental income	$ 34,997	$ 36,824
Tenant reimbursements	3,999	3,892
Interest income from real estate loans receivable	268	1,362
Other operating income	1,730	1,852
Total revenues	40,994	43,930
Expenses:
Operating, maintenance, and management	8,734	10,151
Real estate taxes and insurance	5,072	5,221
Asset management fees to affiliate	2,956	3,086
General and administrative expenses	1,962	1,123
Depreciation and amortization	14,892	12,939
Interest expense	4,474	6,847
Impairment charge on real estate	0	4,486
Total expenses	38,090	43,853
Other income:
Other interest income	16	48
Gain on sales of real estate, net	0	27,407
Total other income	16	27,455
Net income	$ 2,920	$ 27,532
Net income per common share, basic and diluted (in dollars per share)	$ 0.02	$ 0.14
Weighted-average number of common shares outstanding, basic and diluted	189,437,758	190,529,659

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 2,920	$ 27,532
Other comprehensive income:
Reclassification of realized losses recognized on interest rate swaps (effective portion)	34	692
Total other comprehensive income	34	692
Total comprehensive income	$ 2,954	$ 28,224

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Cumulative Distributions and Net Income (Loss) [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Balance, shares at Dec. 31, 2014		190,561,603
Balance, value at Dec. 31, 2014	$ 799,527	$ 1,905	$ 1,690,010	$ (890,751)	$ (1,637)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	18,377			18,377
Other comprehensive income	1,577				1,577
Redemptions of common stock, shares		(1,005,418)
Redemptions of common stock, value	(5,814)	$ (10)	(5,804)
Distributions declared	$ (55,737)			(55,737)
Balance, shares at Dec. 31, 2015	189,556,185	189,556,185
Balance, value at Dec. 31, 2015	$ 757,930	$ 1,895	1,684,206	(928,111)	(60)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	2,920			2,920
Other comprehensive income	34				34
Redemptions of common stock, shares		(299,557)
Redemptions of common stock, value	(1,684)	$ (3)	(1,681)
Transfers from redeemable common stock	1,684		1,684
Distributions declared	$ (13,235)			(13,235)
Balance, shares at Mar. 31, 2016	189,256,628	189,256,628
Balance, value at Mar. 31, 2016	$ 747,649	$ 1,892	$ 1,684,209	$ (938,426)	$ (26)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash Flows from Operating Activities:
Net income	$ 2,920	$ 27,532
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	14,892	12,939
Impairment charge on real estate	0	4,486
Noncash interest income on real estate-related investments	1	3
Deferred rent	(1,325)	(1,871)
Bad debt expense	42	210
Amortization of above- and below-market leases, net	(408)	(391)
Amortization of deferred financing costs	369	642
Unrealized losses (gains) on derivative instruments	196	(31)
Gain on sales of real estate, net	0	(27,407)
Changes in operating assets and liabilities:
Rents and other receivables	(2,927)	(403)
Prepaid expenses and other assets	(3,393)	(10,728)
Accounts payable and accrued liabilities	1,066	407
Due from affiliates	(181)	0
Due to affiliates	(9)	7
Other liabilities	994	496
Net cash provided by operating activities	12,237	5,891
Cash Flows from Investing Activities:
Proceeds from sale of real estate	0	121,923
Improvements to real estate	(10,176)	(5,245)
Principal repayments on real estate loans receivable	35	171
Net cash (used in) provided by investing activities	(10,141)	116,849
Cash Flows from Financing Activities:
Principal payments on notes payable	0	(89,700)
Payments of deferred financing costs	(170)	(10)
Payments to redeem common stock	(1,684)	(682)
Distributions paid to common stockholders	(13,453)	(15,479)
Net cash used in financing activities	(15,307)	(105,871)
Net (decrease) increase in cash and cash equivalents	(13,211)	16,869
Cash and cash equivalents, beginning of period	72,687	179,021
Cash and cash equivalents, end of period	59,476	195,890
Supplemental Disclosure of Cash Flow Information:
Interest paid	4,044	6,299
Supplemental Disclosure of Noncash Transactions:
Increase in accrued improvements to real estate	$ 1,706	$ 0

ORGANIZATION

ORGANIZATION	3 Months Ended
ORGANIZATION	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	ORGANIZATION KBS Real Estate Investment Trust II, Inc. (the “Company”) was formed on July 12, 2007 as a Maryland corporation that elected to be taxed as a real estate investment trust (“REIT”) beginning with the taxable year ended December 31, 2008. The Company conducts its business primarily through KBS Limited Partnership II, a Delaware limited partnership formed on August 23, 2007 (the “Operating Partnership”), and its subsidiaries. The Company is the sole general partner of and directly owns a 0.1% partnership interest in the Operating Partnership. The Company’s wholly-owned subsidiary, KBS REIT Holdings II LLC, a Delaware limited liability company formed on August 23, 2007 (“KBS REIT Holdings II”), owns the remaining 99.9% partnership interest in the Operating Partnership and is its sole limited partner. The Company invested in a diverse portfolio of real estate and real estate-related investments. As of March 31, 2016 , the Company owned 12 real estate properties (consisting of 10 office properties, one office/flex property and an office campus consisting of eight office buildings) and one real estate loan receivable. Subject to certain restrictions and limitations, the business of the Company is managed by KBS Capital Advisors LLC (the “Advisor”), an affiliate of the Company, pursuant to an advisory agreement the Company renewed with the Advisor on May 21, 2015 (the “Advisory Agreement”). The Advisory Agreement may be renewed for an unlimited number of one -year periods upon the mutual consent of the Advisor and the Company. Either party may terminate the Advisory Agreement upon 60 days’ written notice. The Advisor owns 20,000 shares of the Company’s common stock. Upon commencing its initial public offering (the “Offering”), the Company retained KBS Capital Markets Group LLC (the “Dealer Manager”), an affiliate of the Advisor, to serve as the dealer manager of the Offering pursuant to a dealer manager agreement, as amended and restated on April 30, 2010 (the “Dealer Manager Agreement”). The Company ceased offering shares of common stock in its primary offering on December 31, 2010 and terminated its primary offering on March 22, 2011. The Company terminated its dividend reinvestment plan effective May 29, 2014. The Company sold 182,681,633 shares of common stock in its primary offering for gross offering proceeds of $1.8 billion . The Company sold 30,903,504 shares of common stock under its dividend reinvestment plan for gross offering proceeds of $298.2 million . Also as of March 31, 2016 , the Company had redeemed 24,348,509 shares sold in the Offering for $237.0 million .

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Mar. 31, 2016
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES There have been no significant changes to the Company’s accounting policies since it filed its audited financial statements in its Annual Report on Form 10-K for the year ended December 31, 2015 . For further information about the Company’s accounting policies, refer to the Company’s consolidated financial statements and notes thereto for the year ended December 31, 2015 included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”). Principles of Consolidation and Basis of Presentation The accompanying unaudited consolidated financial statements and condensed notes thereto have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information as contained within the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) and the rules and regulations of the SEC, including the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, the unaudited consolidated financial statements do not include all of the information and footnotes required by GAAP for audited financial statements. In the opinion of management, the financial statements for the unaudited interim periods presented include all adjustments, which are of a normal and recurring nature, necessary for a fair and consistent presentation of the results for such periods. Operating results for the three months ended March 31, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016. The consolidated financial statements include the accounts of the Company, KBS REIT Holdings II, the Operating Partnership, and their direct and indirect wholly owned subsidiaries. All significant intercompany balances and transactions are eliminated in consolidation. Use of Estimates The preparation of the consolidated financial statements and condensed notes thereto in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and condensed notes. Actual results could materially differ from those estimates. Per Share Data Basic net income (loss) per share of common stock is calculated by dividing net income (loss) by the weighted-average number of shares of common stock issued and outstanding during such period. Diluted net income (loss) per share of common stock equals basic net income (loss) per share of common stock as there were no potentially dilutive securities outstanding during the three months ended March 31, 2016 and 2015 , respectively. Distributions declared per common share were $0.070 and $0.072 in the aggregate for the three months ended March 31, 2016 and 2015 , respectively. Distributions declared per common share assumes each share was issued and outstanding each day that was a record date for distributions and were based on a monthly record date for each month during the period commencing January 2016 through March 2016 and January 2015 through March 2015. Segments The Company invested in core real estate properties and real estate-related investments with the goal of acquiring a portfolio of income-producing investments. The Company’s real estate properties exhibit similar long-term financial performance and have similar economic characteristics to each other. As of March 31, 2016, the Company aggregated its investments in real estate properties into one reportable business segment. The Company considered both quantitative and qualitative thresholds and determined that its investment in a real estate loan receivable does not constitute a reportable segment. Prior to the reporting period commencing on January 1, 2016, the Company had identified two reportable business segments based on its investment types: real estate and real estate-related. However, based on the Company’s current investment portfolio, the Company does not believe that its investment in a real estate-related investment is a reportable segment. Recently Issued Accounting Standards Update In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU No. 2014-09”). ASU No. 2014-09 requires an entity to recognize the revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. ASU No. 2014-09 supersedes the revenue requirements in Revenue Recognition (Topic 605) and most industry-specific guidance throughout the Industry Topics of the Codification. ASU No. 2014-09 does not apply to lease contracts within the scope of Leases (Topic 840). ASU No. 2014-09 was to be effective for fiscal years, and interim periods within those years, beginning after December 15, 2016, and is to be applied retrospectively, with early application not permitted. In August 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date (“ASU No. 2015-14”), which defers the effective date of ASU No. 2014-09 by one year. Early adoption is permitted but not before the original effective date. The Company is still evaluating the impact of adopting ASU No. 2014-09 on its financial statements, but does not expect the adoption of ASU No. 2014-09 to have a material impact on its financial statements. In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements (Subtopic 205-40) , Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU No. 2014-15”). The amendments in ASU No. 2014-15 require management to evaluate, for each annual and interim reporting period, whether there are conditions or events, considered in the aggregate, that raise substantial doubt about an entity’s ability to continue as a going concern within one year after the date that the financial statements are issued (or are available to be issued when applicable) and, if so, provide related disclosures. ASU No. 2014-15 is effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. Early adoption is permitted for annual or interim reporting periods for which the financial statements have not previously been issued. The Company does not expect the adoption of ASU No. 2014-15 to have a significant impact on its financial statements. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU No. 2016-01”). The amendments in ASU No. 2016-01 address certain aspects of recognition, measurement, presentation and disclosure of financial instruments. ASU No. 2016-01 primarily affects accounting for equity investments and financial liabilities where the fair value option has been elected. ASU No. 2016-01 also requires entities to present financial assets and financial liabilities separately, grouped by measurement category and form of financial asset in the balance sheet or in the accompanying notes to the financial statements. ASU No. 2016-01 is effective for annual periods beginning after December 15, 2017, including interim periods within those fiscal years. Early application is permitted for financial statements that have not been previously issued. The Company does not expect the adoption of ASU No. 2016-01 to have a significant impact on its financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) (“ASU No. 2016-02”). The amendments in ASU No. 2016-02 change the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. ASU No. 2016-02 is effective for annual periods beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption of ASU No. 2016-02 as of its issuance is permitted. The new leases standard requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. The Company is currently evaluating the impact of adopting the new leases standard on its consolidated financial statements.

REAL ESTATE

REAL ESTATE	3 Months Ended
REAL ESTATE	Mar. 31, 2016
Real Estate [Abstract]
REAL ESTATE	REAL ESTATE As of March 31, 2016 , the Company’s portfolio of real estate was composed of ten office properties, one office/flex property and an office campus consisting of eight office buildings, encompassing in the aggregate approximately 5.2 million rentable square feet. As of March 31, 2016 , the Company’s real estate portfolio was 89% occupied. The following table summarizes the Company’s real estate portfolio as of March 31, 2016 (in thousands): Property Date Acquired City State Property Type Total Real Estate at Cost (1) Accumulated Depreciation and Amortization (1) Total Real Estate, Net (1) 100 & 200 Campus Drive Buildings 09/09/2008 Florham Park NJ Office $ 136,762 $ (2,917 ) $ 133,845 300-600 Campus Drive Buildings 10/10/2008 Florham Park NJ Office 154,529 (6,184 ) 148,345 350 E. Plumeria Building 12/18/2008 San Jose CA Office/Flex 36,717 (8,220 ) 28,497 Willow Oaks Corporate Center 08/26/2009 Fairfax VA Office 103,209 (14,440 ) 88,769 Pierre Laclede Center 02/04/2010 Clayton MO Office 74,329 (4,288 ) 70,041 Horizon Tech Center 06/17/2010 San Diego CA Office 29,533 (884 ) 28,649 Union Bank Plaza 09/15/2010 Los Angeles CA Office 186,631 (8,879 ) 177,752 Emerald View at Vista Center 12/09/2010 West Palm Beach FL Office 30,713 (5,087 ) 25,626 Granite Tower 12/16/2010 Denver CO Office 155,317 (33,378 ) 121,939 Gateway Corporate Center 01/26/2011 Sacramento CA Office 44,439 (8,874 ) 35,565 Fountainhead Plaza 09/13/2011 Tempe AZ Office 119,384 (8,207 ) 111,177 Corporate Technology Centre 03/28/2013 San Jose CA Office 229,295 (23,283 ) 206,012 $ 1,300,858 $ (124,641 ) $ 1,176,217 _____________________ (1) Amounts presented are net of impairment charges. As of March 31, 2016 , the following properties represented more than 10% of the Company’s total assets: Property Location Rentable Square Feet Total Real Estate, Net (in thousands) Percentage of Total Assets Annualized Base Rent (in thousands) (1) Average Annualized Base Rent per Sq. Ft. Occupancy Corporate Technology Centre San Jose, CA 610,083 $ 206,012 15.2 % $ 18,537 $ 30.38 100 % Union Bank Plaza Los Angeles, CA 627,334 177,752 13.1 % 22,947 39.85 92 % 300-600 Campus Drive Buildings Florham Park, NJ 578,402 148,345 10.9 % 17,480 30.69 98 % _____________________ (1) Annualized base rent represents annualized contractual base rental income as of March 31, 2016 , adjusted to straight-line any contractual tenant concessions (including free rent), rent increases and rent decreases from the lease’s inception through the balance of the lease term. Operating Leases The Company’s real estate properties are leased to tenants under operating leases for which the terms and expirations vary. As of March 31, 2016 , the leases had remaining terms, excluding options to extend, of up to 15.6 years with a weighted-average remaining term of 5.6 years. Some of the leases have provisions to extend the term of the leases, options for early termination for all or part of the leased premises after paying a specified penalty, rights of first refusal to purchase the property at competitive market rates, and other terms and conditions as negotiated. The Company retains substantially all of the risks and benefits of ownership of the real estate assets leased to tenants. Generally, upon the execution of a lease, the Company requires a security deposit from the tenant in the form of a cash deposit and/or a letter of credit. The amount required as a security deposit varies depending upon the terms of the respective lease and the creditworthiness of the tenant, but generally is not a significant amount. Therefore, exposure to credit risk exists to the extent that a receivable from a tenant exceeds the amount of its security deposit. Security deposits received in cash related to tenant leases are included in other liabilities in the accompanying consolidated balance sheets and totaled $2.4 million and $2.4 million as of March 31, 2016 and December 31, 2015 , respectively. During the three months ended March 31, 2016 and 2015 , the Company recognized deferred rent from tenants, net of lease incentive amortization, of $1.3 million and $1.9 million , respectively. As of March 31, 2016 and December 31, 2015 , the cumulative deferred rent balance was $57.5 million and $54.6 million , respectively, and is included in rents and other receivables on the accompanying balance sheets. The cumulative deferred rent balance included $12.8 million and $11.9 million of unamortized lease incentives as of March 31, 2016 and December 31, 2015 , respectively. As of March 31, 2016 , the future minimum rental income from the Company’s properties under non-cancelable operating leases was as follows (in thousands): April 1, 2016 through December 31, 2016 $ 94,313 2017 123,551 2018 116,952 2019 102,850 2020 97,701 Thereafter 357,243 $ 892,610 As of March 31, 2016 , the Company had over 250 tenants over a diverse range of industries and geographic areas. The Company’s highest tenant industry concentrations (greater than 10% of annualized base rent) were as follows: Industry Number of Tenants Annualized Base Rent (1) (in thousands) Percentage of Annualized Base Rent Finance 31 $ 30,258 21.9 % Computer System Design & Programming 11 23,003 16.6 % Mining, Oil & Gas Extraction 5 16,920 12.2 % Legal Services 36 14,463 10.5 % $ 84,644 61.2 % _____________________ (1) Annualized base rent represents annualized contractual base rental income as of March 31, 2016 , adjusted to straight-line any contractual tenant concessions (including free rent), rent increases and rent decreases from the lease’s inception through the balance of the lease term. No other tenant industries accounted for more than 10% of annualized base rent. The Company had not identified any material tenant credit issues as of March 31, 2016 . During the three months ended March 31, 2016 and 2015 , the Company recorded bad debt expense of $42,000 and $0.2 million , respectively. As of March 31, 2016 , the Company had a bad debt expense reserve of approximately $0.3 million , which represented less than 1% of its annualized base rent. As of March 31, 2016 , the Company had a concentration of credit risk related to the following tenant lease that represented more than 10% of the Company’s annualized base rent: Annualized Base Rent Statistics Tenant Property Tenant Industry Square Feet % of Portfolio (Net Rentable Sq. Ft.) Annualized Base Rent (in thousands) (1) % of Portfolio Annualized Base Rent Annualized Base Rent per Sq. Ft. Lease Expiration (2) (3) Union Bank Union Bank Plaza Finance 408,260 8.8% $ 16,804 12.1% $ 41.16 09/30/2016 / 04/30/2017 / 01/31/2022 _____________________ (1) Annualized base rent represents annualized contractual base rental income as of March 31, 2016 , adjusted to straight-line any contractual tenant concessions (including free rent), rent increases and rent decreases from the lease’s inception through the balance of the lease term. (2) Represents the expiration date of the lease as of March 31, 2016 and does not take into account any tenant renewal or termination options. (3) Of the 408,260 rentable square feet occupied by the tenant, a total of 33,602 rentable square feet will expire on September 30, 2016 and 31,946 rentable square feet will expire on April 30, 2017. No other tenant accounted for more than 10% of annualized base rent. Geographic Concentration Risk As of March 31, 2016 , the Company’s net investments in real estate in California and New Jersey represented 35.2% and 20.8% of the Company’s total assets, respectively. As a result, the geographic concentration of the Company’s portfolio makes it particularly susceptible to adverse economic developments in the California and New Jersey real estate markets. Any adverse economic or real estate developments in these markets, such as business layoffs or downsizing, industry slowdowns, relocations of businesses, changing demographics and other factors, or any decrease in demand for office space resulting from the local business climate, could adversely affect the Company’s operating results and its ability to make distributions to stockholders. Impairment of Real Estate During the three months ended March 31, 2015 , the Company recorded impairment charges of $4.5 million with respect to two real estate properties that were reclassified from held for sale to held for investment. The impairment charges were recorded to adjust the carrying values of the properties for any depreciation and amortization expense that would have been recognized if the properties had always been classified as held for investment, which otherwise would have been recorded through depreciation and amortization expense.

TENANT ORIGINATION AND ABSORPTI

TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES	3 Months Ended
	Mar. 31, 2016
Tenant Origination and Absorption Costs, Above-Market Lease Assets and Below-Market Lease Liabilities [Abstract]
TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES	TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES As of March 31, 2016 and December 31, 2015 , the Company’s tenant origination and absorption costs, above-market lease assets and below-market lease liabilities (excluding fully amortized assets and liabilities and accumulated amortization) were as follows (in thousands): Tenant Origination and Absorption Costs Above-Market Lease Assets Below-Market Lease Liabilities March 31, December 31, March 31, December 31, March 31, December 31, Cost $ 74,433 $ 76,132 $ 15,347 $ 15,375 $ (16,143 ) $ (20,436 ) Accumulated amortization (32,758 ) (31,020 ) (8,379 ) (7,779 ) 11,609 14,866 Net amount $ 41,675 $ 45,112 $ 6,968 $ 7,596 $ (4,534 ) $ (5,570 ) Increases (decreases) in net income as a result of amortization of the Company’s tenant origination and absorption costs, above-market lease assets and below-market lease liabilities for the three months ended March 31, 2016 and 2015 were as follows (in thousands): Tenant Origination and Absorption Costs Above-Market Lease Assets Below-Market Lease Liabilities For the Three Months Ended March 31, For the Three Months Ended March 31, For the Three Months Ended March 31, 2016 2015 2016 2015 2016 2015 Amortization $ (3,437 ) $ (3,633 ) $ (628 ) $ (748 ) $ 1,036 $ 1,139

REAL ESTATE LOAN RECEIVABLE

REAL ESTATE LOAN RECEIVABLE	3 Months Ended
REAL ESTATE LOAN RECEIVABLE	Mar. 31, 2016
Receivables [Abstract]
REAL ESTATE LOANS RECEIVABLE	REAL ESTATE LOAN RECEIVABLE As of March 31, 2016 and December 31, 2015 , the Company, through an indirect wholly owned subsidiary, had originated the following real estate loan receivable (dollars in thousands): Loan Name Location of Related Property or Collateral Date Acquired/ Originated Property Type Loan Type Outstanding Principal Balance as of March 31, 2016 (1) Book Value as of March 31, 2016 (2) Book Value as of December 31, 2015 (2) Contractual Interest Rate (3) Annualized Effective Interest Rate (3) Maturity Date Sheraton Charlotte Airport Hotel First Mortgage Charlotte, North Carolina 07/11/2011 Hotel Mortgage $ 14,166 $ 14,174 $ 14,210 7.5% 7.6% 08/01/2018 _____________________ (1) Outstanding principal balance as of March 31, 2016 represents original principal balance outstanding under the loan, increased for any subsequent fundings and reduced for any principal paydowns. (2) Book value represents outstanding principal balance, adjusted for unamortized acquisition discounts, origination fees and direct origination and acquisition costs. (3) Contractual interest rate is the stated interest rate on the face of the loan. Annualized effective interest rate is calculated as the actual interest income recognized in 2016, using the interest method, annualized and divided by the average amortized cost basis of the investment during 2016. The contractual interest rate and annualized effective interest rate presented are as of March 31, 2016 . The following summarizes the activity related to the real estate loan receivable for the three months ended March 31, 2016 (in thousands): Real estate loan receivable - December 31, 2015 $ 14,210 Principal repayments received on the real estate loan receivable (35 ) Amortization of closing costs and origination fees on the real estate loan receivable (1 ) Real estate loan receivable - March 31, 2016 $ 14,174 For the three months ended March 31, 2016 and 2015 , interest income from real estate loan receivable consisted of the following (in thousands): Three Months Ended March 31, 2016 2015 Contractual interest income $ 269 $ 1,365 Amortization of closing costs and origination fees (1 ) (3 ) Interest income from real estate loans receivable $ 268 $ 1,362 As of March 31, 2016 and December 31, 2015 , the borrower under the Company’s real estate loan receivable was current on its debt obligations.

REAL ESTATE SALES

REAL ESTATE SALES	3 Months Ended
REAL ESTATE SALES	Mar. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]
REAL ESTATE SALES	REAL ESTATE SALES In accordance with ASU No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity (“ASU No. 2014-08”), results of operations from properties that are classified as held for sale in the ordinary course of business on or subsequent to January 1, 2014 would generally be included in continuing operations on the Company’s consolidated statements of operations. Results of operations from properties that were classified as held for sale in financial statements issued prior to January 1, 2014 will remain in discontinued operations on the Company’s consolidated statements of operations. Prior to the adoption of ASU No. 2014-08, the results of operations of properties held for sale or to be disposed of and the aggregate net gains recognized upon their disposition were presented as discontinued operations in the accompanying consolidated statements of operations for all periods presented. During the year ended December 31, 2015 , the Company disposed of one office property. The results of operations for the property sold during the year ended December 31, 2015 are included in continuing operations on the Company’s consolidated statements of operations. As of March 31, 2016 , the Company did not have any real estate properties held for sale. The following table summarizes certain revenue and expenses related to the Company’s real estate property that was sold during the year ended December 31, 2015 , which were included in continuing operations (in thousands): Three Months Ended March 31, 2016 2015 Revenues Rental income $ — $ 1,835 Tenant reimbursements — 160 Other operating income — 127 Total revenues — 2,122 Expenses Operating, maintenance, and management — 624 Real estate taxes and insurance — 196 Asset management fees to affiliate — 108 Interest expense — 411 Total expenses $ — $ 1,339

NOTES PAYABLE

NOTES PAYABLE	3 Months Ended
NOTES PAYABLE	Mar. 31, 2016
Notes Payable [Abstract]
NOTES PAYABLE	NOTES PAYABLE As of March 31, 2016 and December 31, 2015 , the Company’s notes payable consisted of the following (dollars in thousands): Book Value as of March 31, 2016 Book Value as of December 31, 2015 Contractual Interest Rate as of March 31, 2016 (1) Effective Interest Rate as of March 31, 2016 (1) Payment Type Maturity Date (2) Amended and Restated Portfolio Revolving Loan Facility (3) $ 75,438 $ 75,438 One-month LIBOR + 1.80% 3.1% Interest Only 06/21/2017 Union Bank Plaza Mortgage Loan (4) 105,000 105,000 One-month LIBOR + 1.65% 2.1% Interest Only 09/15/2016 Portfolio Mortgage Loan #1 (5) 95,033 95,033 One-month LIBOR + 2.15% 2.6% Interest Only 07/27/2016 Portfolio Mortgage Loan #3 (6) 54,000 54,000 One-month LIBOR + 2.5% Interest Only 03/01/2017 Corporate Technology Centre Mortgage Loan (7) 140,000 140,000 3.50% 3.5% (7) 04/01/2020 300-600 Campus Drive Revolving Loan (8) 78,000 78,000 One-month LIBOR + 2.05% 2.9% Interest Only 08/01/2016 Total notes payable principal outstanding $ 547,471 $ 547,471 Deferred financing costs, net (1,195 ) (1,394 ) Total notes payable, net $ 546,276 $ 546,077 _____________________ (1) Contractual interest rate represents the interest rate in effect under the loan as of March 31, 2016 . Effective interest rate is calculated as the actual interest rate in effect as of March 31, 2016 (consisting of the contractual interest rate and the effect of interest rate swaps and contractual floor rates, if applicable), using interest rate indices as of March 31, 2016 , where applicable. For further information regarding the Company’s derivative instruments, see Note 8, “Derivative Instruments.” (2) Represents the initial maturity date or the maturity date as extended as of March 31, 2016 ; subject to certain conditions, the maturity dates of certain loans may be extended beyond the maturity date shown. (3) As of March 31, 2016 , the Amended and Restated Portfolio Revolving Loan Facility was secured by the 350 E. Plumeria Building and Pierre Laclede Center. (4) As of March 31, 2016 , $105.0 million of the Union Bank Plaza Mortgage Loan had been disbursed to the Company with the remaining loan balance of $14.3 million available for future disbursements, subject to certain conditions set forth in the loan agreement. (5) As of March 31, 2016 , Portfolio Mortgage Loan #1 was secured by Horizon Tech Center, Granite Tower and Gateway Corporate Center. (6) As of March 31, 2016 , the principal balance under Portfolio Mortgage Loan #3 consisted of the $54.0 million non-revolving portion. The revolving portion of $16.0 million remained available for future disbursements, subject to certain terms and conditions contained in the loan documents. As of March 31, 2016 , Portfolio Mortgage Loan #3 was secured by the 100 & 200 Campus Drive Buildings and Willow Oaks Corporate Center. (7) Monthly payments are initially interest-only. Beginning on May 1, 2017 , monthly payments for the Corporate Technology Centre Mortgage Loan will include principal and interest with principal payments calculated using an amortization schedule of 30 years for the balance of the loan term, with the remaining principal balance, all accrued and unpaid interest and any other amounts due at maturity. (8) As of March 31, 2016 , the principal balance of the 300-600 Campus Drive Revolving Loan consisted of $78.0 million of the non-revolving portion. The remaining non-revolving portion of $17.0 million and the revolving portion of $25.0 million remained available for future disbursements, subject to certain terms and conditions contained in the loan documents. During the three months ended March 31, 2016 and 2015 , the Company incurred $4.5 million and $6.8 million of interest expense, respectively. As of March 31, 2016 and December 31, 2015 , $1.3 million and $1.5 million , respectively, of interest expense were payable. Included in interest expense for the three months ended March 31, 2016 and 2015 were $0.4 million and $0.6 million of amortization of deferred financing costs, respectively. Interest expense incurred as a result of the Company’s interest rate swap agreements were $0.5 million and $1.8 million for the three months ended March 31, 2016 and 2015 , respectively. The following is a schedule of maturities, including principal amortization payments, for all notes payable outstanding as of March 31, 2016 (in thousands): April 1, 2016 through December 31, 2016 $ 278,033 2017 131,218 2018 2,750 2019 2,848 2020 132,622 $ 547,471 Certain of the Company’s notes payable contain financial debt covenants. As of March 31, 2016 , the Company was in compliance with these debt covenants.

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	3 Months Ended
DERIVATIVE INSTRUMENTS	Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS	DERIVATIVE INSTRUMENTS The Company enters into derivative instruments for risk management purposes to hedge its exposure to cash flow variability caused by changing interest rates. The primary goal of the Company’s risk management practices related to interest rate risk is to prevent changes in interest rates from adversely impacting the Company’s ability to achieve its investment return objectives. The Company does not enter into derivatives for speculative purposes. The Company enters into interest rate swaps as a fixed rate payer to mitigate its exposure to rising interest rates on its variable rate notes payable. The value of interest rate swaps is primarily impacted by interest rates, market expectations about interest rates, and the remaining life of the instrument. In general, increases in interest rates, or anticipated increases in interest rates, will increase the value of the fixed rate payer position and decrease the value of the variable rate payer position. As the remaining life of the interest rate swap decreases, the value of both positions will generally move towards zero. The following table summarizes the notional amount and other information related to the Company’s interest rate swaps as of March 31, 2016 and December 31, 2015 . The notional amount is an indication of the extent of the Company’s involvement in each instrument at that time, but does not represent exposure to credit, interest rate or market risks (dollars in thousands): Derivative Instruments March 31, 2016 December 31, 2015 Reference Rate as of March 31, 2016 Weighted-Average Fix Pay Rate Weighted-Average Remaining Term in Years Number of Instruments Notional Amount Number of Instruments Notional Amount Interest Rate Swaps (1) 4 $207,438 5 $265,488 One-month LIBOR/ 0.98% 0.9 _____________________ (1) During the three months ended March 31, 2016 , one of the Company’s interest rate swaps expired. As of March 31, 2016 and December 31, 2015 , none of the Company’s interest rate swaps were designated as cash flow hedges. The following table sets forth the fair value of the Company’s derivative instruments as well as their classification on the consolidated balance sheets as of March 31, 2016 and December 31, 2015 (dollars in thousands): Derivative Instruments Balance Sheet Location March 31, 2016 December 31, 2015 Number of Instruments Fair Value Number of Instruments Fair Value Interest Rate Swaps Prepaid expenses and other assets, at fair value — $ — 2 $ 19 Interest Rate Swaps Other liabilities, at fair value 4 $ (801 ) 3 $ (658 ) The change in fair value of the effective portion of a derivative instrument that is designated as a cash flow hedge is recorded as other comprehensive income (loss) in the accompanying consolidated statements of comprehensive income (loss) and as other comprehensive income in the accompanying consolidated statements of stockholders’ equity. Amounts in other comprehensive income (loss) will be reclassified into earnings in the periods in which earnings are affected by the hedged cash flow. The change in fair value of the ineffective portion is recognized directly in earnings. With respect to swap agreements that were terminated for which it remains probable that the original hedged forecasted transactions (i.e., LIBOR-based debt service payments) will occur, the loss related to the termination of these swap agreements is included in accumulated other comprehensive income (loss) and is reclassified into earnings over the period of the original forecasted hedged transaction. The change in fair value of a derivative instrument that is not designated as a cash flow hedge is recorded as interest expense in the accompanying consolidated statements of operations. The following table summarizes the effects of derivative instruments on the Company’s consolidated statements of operations (in thousands): For the Three Months Ended March 31, 2016 2015 Derivatives designated as hedging instruments (1) Amount of loss recognized on interest rate swaps (effective portion) $ 34 $ 692 34 692 Derivatives not designated as hedging instruments Realized loss recognized on interest rate swaps 268 989 Unrealized losses (gains) on interest rate swaps 196 (31 ) Losses related to swap terminations 2 170 466 1,128 Increase in interest expense as a result of derivatives $ 500 $ 1,820 _____________________ (1) All of the Company’s interest rate swap agreements were initially designated as cash flow hedges. During 2014, the Company dedesignated all of its interest rate swap instruments due to the anticipated early repayment of debt in connection with asset sales, and therefore, certain hedged forecasted transactions were no longer probable beyond the projected asset sale date.

FAIR VALUE DISCLOSURES

FAIR VALUE DISCLOSURES	3 Months Ended
FAIR VALUE DISCLOSURES	Mar. 31, 2016
Fair Value Disclosures [Abstract]
FAIR VALUE DISCLOSURES	FAIR VALUE DISCLOSURES Under GAAP, the Company is required to measure certain financial instruments at fair value on a recurring basis. In addition, the Company is required to measure other non-financial and financial assets at fair value on a non-recurring basis (e.g., carrying value of impaired real estate loans receivable and long-lived assets). Fair value is defined as the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The GAAP fair value framework uses a three-tiered approach. Fair value measurements are classified and disclosed in one of the following three categories: • Level 1: unadjusted quoted prices in active markets that are accessible at the measurement date for identical assets or liabilities; • Level 2: quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model‑derived valuations in which significant inputs and significant value drivers are observable in active markets; and • Level 3: prices or valuation techniques where little or no market data is available that requires inputs that are both significant to the fair value measurement and unobservable. The fair value for certain financial instruments is derived using a combination of market quotes, pricing models and other valuation techniques that involve significant management judgment. The price transparency of financial instruments is a key determinant of the degree of judgment involved in determining the fair value of the Company’s financial instruments. Financial instruments for which actively quoted prices or pricing parameters are available and for which markets contain orderly transactions will generally have a higher degree of price transparency than financial instruments for which markets are inactive or consist of non-orderly trades. The Company evaluates several factors when determining if a market is inactive or when market transactions are not orderly. The following is a summary of the methods and assumptions used by management in estimating the fair value of each class of assets and liabilities for which it is practicable to estimate the fair value: Cash and cash equivalents, rent and other receivables, and accounts payable and accrued liabilities: These balances approximate their fair values due to the short maturities of these items. Real estate loan receivable: The Company’s real estate loan receivable is presented in the accompanying consolidated balance sheets at its amortized cost net of recorded loan loss reserves (if applicable) and not at fair value. The fair value of the real estate loan receivable was estimated using an internal valuation model that considered the expected cash flows for the loan, underlying collateral value (for collateral-dependent loans) and estimated yield requirements of institutional investors for loans with similar characteristics, including remaining loan term, loan-to-value, type of collateral and other credit enhancements. The Company classifies these inputs as Level 3 inputs. Derivative instruments: The Company’s derivative instruments are presented at fair value on the accompanying consolidated balance sheets. The valuation of these instruments is determined using a proprietary model that utilizes observable inputs. As such, the Company classifies these inputs as Level 2 inputs. The proprietary model uses the contractual terms of the derivatives, including the period to maturity, as well as observable market-based inputs, including interest rate curves and volatility. The fair values of interest rate swaps are estimated using the market standard methodology of netting the discounted fixed cash payments and the discounted expected variable cash receipts. The variable cash receipts are based on an expectation of interest rates (forward curves) derived from observable market interest rate curves. In addition, credit valuation adjustments, which consider the impact of any credit risks to the contracts, are incorporated in the fair values to account for potential nonperformance risk. Notes payable: The fair value of the Company’s notes payable is estimated using a discounted cash flow analysis based on management’s estimates of current market interest rates for instruments with similar characteristics, including remaining loan term, loan-to-value ratio, type of collateral and other credit enhancements. Additionally, when determining the fair value of liabilities in circumstances in which a quoted price in an active market for an identical liability is not available, the Company measures fair value using (i) a valuation technique that uses the quoted price of the identical liability when traded as an asset or quoted prices for similar liabilities when traded as assets or (ii) another valuation technique that is consistent with the principles of fair value measurement, such as the income approach or the market approach. The Company classifies these inputs as Level 3 inputs. The following were the face values, carrying amounts and fair values of the Company’s real estate loan receivable and notes payable as of March 31, 2016 and December 31, 2015 , which carrying amounts do not generally approximate the fair values (in thousands): March 31, 2016 December 31, 2015 Face Value Carrying Amount Fair Value Face Value Carrying Amount Fair Value Financial assets: Real estate loan receivable $ 14,166 $ 14,174 $ 14,587 $ 14,201 $ 14,210 $ 14,574 Financial liabilities: Notes payable $ 547,471 $ 546,276 $ 550,341 $ 547,471 $ 546,077 $ 549,129 Disclosure of the fair values of financial instruments is based on pertinent information available to the Company as of the period end and requires a significant amount of judgment. Low levels of transaction volume for certain financial instruments have made the estimation of fair values difficult and, therefore, both the actual results and the Company’s estimate of value at a future date could be materially different. During the three months ended March 31, 2016 , the Company measured the following liabilities at fair value (in thousands): Fair Value Measurements Using Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Recurring Basis: Liability derivatives $ 801 $ — $ 801 $ —

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
RELATED PARTY TRANSACTIONS	Mar. 31, 2016
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS The Company has entered into the Advisory Agreement with the Advisor. This agreement entitles the Advisor to specified fees upon the provision of certain services with regard to the management of the Company’s investments, among other services, and the disposition of investments, as well as reimbursement of certain costs incurred by the Advisor in providing services to the Company. In addition, the Advisor is entitled to certain other fees, including an incentive fee upon achieving certain performance goals, as detailed in the Advisory Agreement. The Company has also entered into a fee reimbursement agreement with the Dealer Manager pursuant to which the Company agreed to reimburse the Dealer Manager for certain fees and expenses it incurs for administering the Company’s participation in the Depository Trust & Clearing Corporation Alternative Investment Product Platform with respect to certain accounts of the Company’s investors serviced through the platform. The Advisor and Dealer Manager also serve as the advisor and dealer manager, respectively, for KBS Real Estate Investment Trust, Inc., KBS Real Estate Investment Trust III, Inc., KBS Strategic Opportunity REIT, Inc., KBS Legacy Partners Apartment REIT, Inc., KBS Strategic Opportunity REIT II, Inc. and KBS Growth & Income REIT, Inc. On January 6, 2014, the Company, together with KBS Real Estate Investment Trust, Inc., KBS Real Estate Investment Trust III, Inc., KBS Strategic Opportunity REIT, Inc., KBS Legacy Partners Apartment REIT, Inc., KBS Strategic Opportunity REIT II, Inc., the Dealer Manager, the Advisor and other KBS-affiliated entities, entered into an errors and omissions and directors and officers liability insurance program where the lower tiers of such insurance coverage are shared. The cost of these lower tiers is allocated by the Advisor and its insurance broker among each of the various entities covered by the program, and is billed directly to each entity. The allocation of these shared coverage costs is proportionate to the pricing by the insurance marketplace for the first tiers of directors and officers liability coverage purchased individually by each REIT. The Advisor’s and the Dealer Manager’s portion of the shared lower tiers’ cost is proportionate to the respective entities’ prior cost for the errors and omissions insurance. In June 2015, KBS Growth & Income REIT, Inc. was added to the insurance program at terms similar to those described above. During the three months ended March 31, 2016 and 2015 , no other business transactions occurred between the Company and KBS Real Estate Investment Trust, Inc., KBS Real Estate Investment Trust III, Inc., KBS Strategic Opportunity REIT, Inc., KBS Legacy Partners Apartment REIT, Inc., KBS Strategic Opportunity REIT II, Inc. and KBS Growth & Income REIT, Inc. Pursuant to the terms of these agreements, summarized below are the related-party costs incurred by the Company for the three months ended March 31, 2016 and 2015 , respectively, and any related amounts payable as of March 31, 2016 and December 31, 2015 (in thousands): Incurred Payable as of Three Months Ended March 31, March 31, December 31, 2016 2015 2016 2015 Expensed Asset management fees $ 2,956 $ 3,086 $ — $ — Reimbursement of operating expenses (1) 69 45 40 49 Disposition fees (2) — 1,239 — — $ 3,025 $ 4,370 $ 40 $ 49 _____________________ (1) Reimbursable operating expenses primarily consist of internal audit personnel costs, accounting software and cybersecurity related expenses incurred by the Advisor under the Advisory Agreement. The Company has reimbursed the Advisor for the Company’s allocable portion of the salaries, benefits and overhead of internal audit department personnel providing services to the Company. These amounts totaled $49,000 and $34,000 for the three months ended March 31, 2016 and 2015 , respectively, and were the only type of employee costs reimbursed under the Advisory Agreement for the three months ended March 31, 2016 and 2015 . The Company will not reimburse for employee costs in connection with services for which the Advisor earns acquisition, origination or disposition fees (other than reimbursement of travel and communication expenses) or for the salaries or benefits the Advisor or its affiliates may pay to the Company’s executive officers. In addition to the amounts above, the Company reimburses the Advisor for certain of the Company’s direct costs incurred from third parties that were initially paid by the Advisor on behalf of the Company. (2) Disposition fees with respect to real estate sold are included in the gain on sale of real estate, net, in the accompanying consolidated statements of operations. Disposition fees with respect to real estate loans receivable sold are included in the gain on payoff or sale of real estate loans receivable in the accompanying consolidated statements of operations. As of March 31, 2016 , the Company had $0.2 million due from the Advisor, which consisted of a $0.1 million property insurance rebate and $0.1 million in legal and professional fees reimbursable to the Company.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
COMMITMENTS AND CONTINGENCIES	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Economic Dependency The Company is dependent on the Advisor for certain services that are essential to the Company, including the disposition of real estate and real estate-related investments; management of the daily operations of the Company’s real estate and real estate-related investment portfolio; and other general and administrative responsibilities. In the event the Advisor is unable to provide any of these services, the Company will be required to obtain such services from other sources. Environmental As an owner of real estate, the Company is subject to various environmental laws of federal, state and local governments. Compliance with existing environmental laws is not expected to have a material adverse effect on the Company’s financial condition and results of operations as of March 31, 2016 . Legal Matters From time to time, the Company is party to legal proceedings that arise in the ordinary course of its business. Management is not aware of any legal proceedings of which the outcome is probable or reasonably possible to have a material adverse effect on the Company’s results of operations or financial condition, which would require accrual or disclosure of the contingency and possible range of loss. Additionally, the Company has not recorded any loss contingencies related to legal proceedings in which the potential loss is deemed to be remote.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
SUBSEQUENT EVENTS	Mar. 31, 2016
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS The Company evaluates subsequent events up until the date the consolidated financial statements are issued. Distributions Paid On April 1, 2016, the Company paid distributions of $4.5 million , which related to distributions declared for March 2016 in the amount of $0.02380055 per share of common stock to stockholders of record as of the close of business on March 21, 2016. On May 2, 2016, the Company paid distributions of $4.4 million , which related to distributions declared for April 2016 in the amount of $0.02303279 per share of common stock to stockholders of record as of the close of business on April 20, 2016. Distributions Declared On May 6, 2016, the Company’s board of directors declared a May 2016 distribution in the amount of $0.02380055 per share of common stock to stockholders of record as of the close of business on May 20, 2016, which the Company expects to pay in June 2016, and a June 2016 distribution in the amount of $0.02303279 per share of common stock to stockholders of record as of the close of business on June 20, 2016, which the Company expects to pay in July 2016.

SUMMARY OF SIGNIFICANT ACCOUN20

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Mar. 31, 2016
Accounting Policies [Abstract]
Basis of Presentation	The accompanying unaudited consolidated financial statements and condensed notes thereto have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information as contained within the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) and the rules and regulations of the SEC, including the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, the unaudited consolidated financial statements do not include all of the information and footnotes required by GAAP for audited financial statements. In the opinion of management, the financial statements for the unaudited interim periods presented include all adjustments, which are of a normal and recurring nature, necessary for a fair and consistent presentation of the results for such periods. Operating results for the three months ended March 31, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016.
Principles of Consolidation	The consolidated financial statements include the accounts of the Company, KBS REIT Holdings II, the Operating Partnership, and their direct and indirect wholly owned subsidiaries. All significant intercompany balances and transactions are eliminated in consolidation.
Use of Estimates	The preparation of the consolidated financial statements and condensed notes thereto in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and condensed notes. Actual results could materially differ from those estimates.
Per Share Data	Basic net income (loss) per share of common stock is calculated by dividing net income (loss) by the weighted-average number of shares of common stock issued and outstanding during such period. Diluted net income (loss) per share of common stock equals basic net income (loss) per share of common stock as there were no potentially dilutive securities outstanding during the three months ended March 31, 2016 and 2015 , respectively. Distributions declared per common share were $0.070 and $0.072 in the aggregate for the three months ended March 31, 2016 and 2015 , respectively. Distributions declared per common share assumes each share was issued and outstanding each day that was a record date for distributions and were based on a monthly record date for each month during the period commencing January 2016 through March 2016 and January 2015 through March 2015.
Segments	The Company invested in core real estate properties and real estate-related investments with the goal of acquiring a portfolio of income-producing investments. The Company’s real estate properties exhibit similar long-term financial performance and have similar economic characteristics to each other. As of March 31, 2016, the Company aggregated its investments in real estate properties into one reportable business segment. The Company considered both quantitative and qualitative thresholds and determined that its investment in a real estate loan receivable does not constitute a reportable segment. Prior to the reporting period commencing on January 1, 2016, the Company had identified two reportable business segments based on its investment types: real estate and real estate-related. However, based on the Company’s current investment portfolio, the Company does not believe that its investment in a real estate-related investment is a reportable segment.
Recently Issued Accounting Standards Update	In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU No. 2014-09”). ASU No. 2014-09 requires an entity to recognize the revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. ASU No. 2014-09 supersedes the revenue requirements in Revenue Recognition (Topic 605) and most industry-specific guidance throughout the Industry Topics of the Codification. ASU No. 2014-09 does not apply to lease contracts within the scope of Leases (Topic 840). ASU No. 2014-09 was to be effective for fiscal years, and interim periods within those years, beginning after December 15, 2016, and is to be applied retrospectively, with early application not permitted. In August 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date (“ASU No. 2015-14”), which defers the effective date of ASU No. 2014-09 by one year. Early adoption is permitted but not before the original effective date. The Company is still evaluating the impact of adopting ASU No. 2014-09 on its financial statements, but does not expect the adoption of ASU No. 2014-09 to have a material impact on its financial statements. In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements (Subtopic 205-40) , Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU No. 2014-15”). The amendments in ASU No. 2014-15 require management to evaluate, for each annual and interim reporting period, whether there are conditions or events, considered in the aggregate, that raise substantial doubt about an entity’s ability to continue as a going concern within one year after the date that the financial statements are issued (or are available to be issued when applicable) and, if so, provide related disclosures. ASU No. 2014-15 is effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. Early adoption is permitted for annual or interim reporting periods for which the financial statements have not previously been issued. The Company does not expect the adoption of ASU No. 2014-15 to have a significant impact on its financial statements. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU No. 2016-01”). The amendments in ASU No. 2016-01 address certain aspects of recognition, measurement, presentation and disclosure of financial instruments. ASU No. 2016-01 primarily affects accounting for equity investments and financial liabilities where the fair value option has been elected. ASU No. 2016-01 also requires entities to present financial assets and financial liabilities separately, grouped by measurement category and form of financial asset in the balance sheet or in the accompanying notes to the financial statements. ASU No. 2016-01 is effective for annual periods beginning after December 15, 2017, including interim periods within those fiscal years. Early application is permitted for financial statements that have not been previously issued. The Company does not expect the adoption of ASU No. 2016-01 to have a significant impact on its financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) (“ASU No. 2016-02”). The amendments in ASU No. 2016-02 change the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. ASU No. 2016-02 is effective for annual periods beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption of ASU No. 2016-02 as of its issuance is permitted. The new leases standard requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. The Company is currently evaluating the impact of adopting the new leases standard on its consolidated financial statements.

REAL ESTATE (Tables)

REAL ESTATE (Tables)	3 Months Ended
REAL ESTATE (Tables)	Mar. 31, 2016
Real Estate [Abstract]
Schedule of Real Estate Investments	The following table summarizes the Company’s real estate portfolio as of March 31, 2016 (in thousands): Property Date Acquired City State Property Type Total Real Estate at Cost (1) Accumulated Depreciation and Amortization (1) Total Real Estate, Net (1) 100 & 200 Campus Drive Buildings 09/09/2008 Florham Park NJ Office $ 136,762 $ (2,917 ) $ 133,845 300-600 Campus Drive Buildings 10/10/2008 Florham Park NJ Office 154,529 (6,184 ) 148,345 350 E. Plumeria Building 12/18/2008 San Jose CA Office/Flex 36,717 (8,220 ) 28,497 Willow Oaks Corporate Center 08/26/2009 Fairfax VA Office 103,209 (14,440 ) 88,769 Pierre Laclede Center 02/04/2010 Clayton MO Office 74,329 (4,288 ) 70,041 Horizon Tech Center 06/17/2010 San Diego CA Office 29,533 (884 ) 28,649 Union Bank Plaza 09/15/2010 Los Angeles CA Office 186,631 (8,879 ) 177,752 Emerald View at Vista Center 12/09/2010 West Palm Beach FL Office 30,713 (5,087 ) 25,626 Granite Tower 12/16/2010 Denver CO Office 155,317 (33,378 ) 121,939 Gateway Corporate Center 01/26/2011 Sacramento CA Office 44,439 (8,874 ) 35,565 Fountainhead Plaza 09/13/2011 Tempe AZ Office 119,384 (8,207 ) 111,177 Corporate Technology Centre 03/28/2013 San Jose CA Office 229,295 (23,283 ) 206,012 $ 1,300,858 $ (124,641 ) $ 1,176,217 _____________________ (1) Amounts presented are net of impairment charges.
Schedules of Concentration of Risk, by Risk Factor	As of March 31, 2016 , the Company had a concentration of credit risk related to the following tenant lease that represented more than 10% of the Company’s annualized base rent: Annualized Base Rent Statistics Tenant Property Tenant Industry Square Feet % of Portfolio (Net Rentable Sq. Ft.) Annualized Base Rent (in thousands) (1) % of Portfolio Annualized Base Rent Annualized Base Rent per Sq. Ft. Lease Expiration (2) (3) Union Bank Union Bank Plaza Finance 408,260 8.8% $ 16,804 12.1% $ 41.16 09/30/2016 / 04/30/2017 / 01/31/2022 _____________________ (1) Annualized base rent represents annualized contractual base rental income as of March 31, 2016 , adjusted to straight-line any contractual tenant concessions (including free rent), rent increases and rent decreases from the lease’s inception through the balance of the lease term. (2) Represents the expiration date of the lease as of March 31, 2016 and does not take into account any tenant renewal or termination options. (3) Of the 408,260 rentable square feet occupied by the tenant, a total of 33,602 rentable square feet will expire on September 30, 2016 and 31,946 rentable square feet will expire on April 30, 2017. As of March 31, 2016 , the following properties represented more than 10% of the Company’s total assets: Property Location Rentable Square Feet Total Real Estate, Net (in thousands) Percentage of Total Assets Annualized Base Rent (in thousands) (1) Average Annualized Base Rent per Sq. Ft. Occupancy Corporate Technology Centre San Jose, CA 610,083 $ 206,012 15.2 % $ 18,537 $ 30.38 100 % Union Bank Plaza Los Angeles, CA 627,334 177,752 13.1 % 22,947 39.85 92 % 300-600 Campus Drive Buildings Florham Park, NJ 578,402 148,345 10.9 % 17,480 30.69 98 % _____________________ (1) Annualized base rent represents annualized contractual base rental income as of March 31, 2016 , adjusted to straight-line any contractual tenant concessions (including free rent), rent increases and rent decreases from the lease’s inception through the balance of the lease term. As of March 31, 2016 , the Company had over 250 tenants over a diverse range of industries and geographic areas. The Company’s highest tenant industry concentrations (greater than 10% of annualized base rent) were as follows: Industry Number of Tenants Annualized Base Rent (1) (in thousands) Percentage of Annualized Base Rent Finance 31 $ 30,258 21.9 % Computer System Design & Programming 11 23,003 16.6 % Mining, Oil & Gas Extraction 5 16,920 12.2 % Legal Services 36 14,463 10.5 % $ 84,644 61.2 % _____________________ (1) Annualized base rent represents annualized contractual base rental income as of March 31, 2016 , adjusted to straight-line any contractual tenant concessions (including free rent), rent increases and rent decreases from the lease’s inception through the balance of the lease term.
Schedule of Future Minimum Rental Income for Company's Properties	As of March 31, 2016 , the future minimum rental income from the Company’s properties under non-cancelable operating leases was as follows (in thousands): April 1, 2016 through December 31, 2016 $ 94,313 2017 123,551 2018 116,952 2019 102,850 2020 97,701 Thereafter 357,243 $ 892,610

TENANT ORIGINATION AND ABSORP22

TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES (Tables)	3 Months Ended
	Mar. 31, 2016
Tenant Origination and Absorption Costs, Above-Market Lease Assets and Below-Market Lease Liabilities [Abstract]
Tenant Origination and Absorption Costs, Above-Market Lease Assets and Below-Market Lease Liabilities	As of March 31, 2016 and December 31, 2015 , the Company’s tenant origination and absorption costs, above-market lease assets and below-market lease liabilities (excluding fully amortized assets and liabilities and accumulated amortization) were as follows (in thousands): Tenant Origination and Absorption Costs Above-Market Lease Assets Below-Market Lease Liabilities March 31, December 31, March 31, December 31, March 31, December 31, Cost $ 74,433 $ 76,132 $ 15,347 $ 15,375 $ (16,143 ) $ (20,436 ) Accumulated amortization (32,758 ) (31,020 ) (8,379 ) (7,779 ) 11,609 14,866 Net amount $ 41,675 $ 45,112 $ 6,968 $ 7,596 $ (4,534 ) $ (5,570 )
Amortization of Tenant Origination and Absorption Costs, Above-Market Leases and Below-Market Lease Liabilities	Increases (decreases) in net income as a result of amortization of the Company’s tenant origination and absorption costs, above-market lease assets and below-market lease liabilities for the three months ended March 31, 2016 and 2015 were as follows (in thousands): Tenant Origination and Absorption Costs Above-Market Lease Assets Below-Market Lease Liabilities For the Three Months Ended March 31, For the Three Months Ended March 31, For the Three Months Ended March 31, 2016 2015 2016 2015 2016 2015 Amortization $ (3,437 ) $ (3,633 ) $ (628 ) $ (748 ) $ 1,036 $ 1,139

REAL ESTATE LOAN RECEIVABLE (Ta

REAL ESTATE LOAN RECEIVABLE (Tables)	3 Months Ended
REAL ESTATE LOAN RECEIVABLE (Tables)	Mar. 31, 2016
Receivables [Abstract]
Schedule of Real Estate Loans Receivable	As of March 31, 2016 and December 31, 2015 , the Company, through an indirect wholly owned subsidiary, had originated the following real estate loan receivable (dollars in thousands): Loan Name Location of Related Property or Collateral Date Acquired/ Originated Property Type Loan Type Outstanding Principal Balance as of March 31, 2016 (1) Book Value as of March 31, 2016 (2) Book Value as of December 31, 2015 (2) Contractual Interest Rate (3) Annualized Effective Interest Rate (3) Maturity Date Sheraton Charlotte Airport Hotel First Mortgage Charlotte, North Carolina 07/11/2011 Hotel Mortgage $ 14,166 $ 14,174 $ 14,210 7.5% 7.6% 08/01/2018 _____________________ (1) Outstanding principal balance as of March 31, 2016 represents original principal balance outstanding under the loan, increased for any subsequent fundings and reduced for any principal paydowns. (2) Book value represents outstanding principal balance, adjusted for unamortized acquisition discounts, origination fees and direct origination and acquisition costs. (3) Contractual interest rate is the stated interest rate on the face of the loan. Annualized effective interest rate is calculated as the actual interest income recognized in 2016, using the interest method, annualized and divided by the average amortized cost basis of the investment during 2016. The contractual interest rate and annualized effective interest rate presented are as of March 31, 2016 .
Schedule of Activity Related to Real Estate Loans Receivable	The following summarizes the activity related to the real estate loan receivable for the three months ended March 31, 2016 (in thousands): Real estate loan receivable - December 31, 2015 $ 14,210 Principal repayments received on the real estate loan receivable (35 ) Amortization of closing costs and origination fees on the real estate loan receivable (1 ) Real estate loan receivable - March 31, 2016 $ 14,174
Schedule of Interest Income from Real Estate Loans Receivable	For the three months ended March 31, 2016 and 2015 , interest income from real estate loan receivable consisted of the following (in thousands): Three Months Ended March 31, 2016 2015 Contractual interest income $ 269 $ 1,365 Amortization of closing costs and origination fees (1 ) (3 ) Interest income from real estate loans receivable $ 268 $ 1,362

REAL ESTATE SALES (Tables)

REAL ESTATE SALES (Tables)	3 Months Ended
REAL ESTATE SALES (Tables)	Mar. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Revenue and Expenses of Real Estate Held-for-Sale	The following table summarizes certain revenue and expenses related to the Company’s real estate property that was sold during the year ended December 31, 2015 , which were included in continuing operations (in thousands): Three Months Ended March 31, 2016 2015 Revenues Rental income $ — $ 1,835 Tenant reimbursements — 160 Other operating income — 127 Total revenues — 2,122 Expenses Operating, maintenance, and management — 624 Real estate taxes and insurance — 196 Asset management fees to affiliate — 108 Interest expense — 411 Total expenses $ — $ 1,339

NOTES PAYABLE (Tables)

NOTES PAYABLE (Tables)	3 Months Ended
NOTES PAYABLE (Tables)	Mar. 31, 2016
Notes Payable [Abstract]
Schedule of Long-term Debt Instruments	As of March 31, 2016 and December 31, 2015 , the Company’s notes payable consisted of the following (dollars in thousands): Book Value as of March 31, 2016 Book Value as of December 31, 2015 Contractual Interest Rate as of March 31, 2016 (1) Effective Interest Rate as of March 31, 2016 (1) Payment Type Maturity Date (2) Amended and Restated Portfolio Revolving Loan Facility (3) $ 75,438 $ 75,438 One-month LIBOR + 1.80% 3.1% Interest Only 06/21/2017 Union Bank Plaza Mortgage Loan (4) 105,000 105,000 One-month LIBOR + 1.65% 2.1% Interest Only 09/15/2016 Portfolio Mortgage Loan #1 (5) 95,033 95,033 One-month LIBOR + 2.15% 2.6% Interest Only 07/27/2016 Portfolio Mortgage Loan #3 (6) 54,000 54,000 One-month LIBOR + 2.5% Interest Only 03/01/2017 Corporate Technology Centre Mortgage Loan (7) 140,000 140,000 3.50% 3.5% (7) 04/01/2020 300-600 Campus Drive Revolving Loan (8) 78,000 78,000 One-month LIBOR + 2.05% 2.9% Interest Only 08/01/2016 Total notes payable principal outstanding $ 547,471 $ 547,471 Deferred financing costs, net (1,195 ) (1,394 ) Total notes payable, net $ 546,276 $ 546,077 _____________________ (1) Contractual interest rate represents the interest rate in effect under the loan as of March 31, 2016 . Effective interest rate is calculated as the actual interest rate in effect as of March 31, 2016 (consisting of the contractual interest rate and the effect of interest rate swaps and contractual floor rates, if applicable), using interest rate indices as of March 31, 2016 , where applicable. For further information regarding the Company’s derivative instruments, see Note 8, “Derivative Instruments.” (2) Represents the initial maturity date or the maturity date as extended as of March 31, 2016 ; subject to certain conditions, the maturity dates of certain loans may be extended beyond the maturity date shown. (3) As of March 31, 2016 , the Amended and Restated Portfolio Revolving Loan Facility was secured by the 350 E. Plumeria Building and Pierre Laclede Center. (4) As of March 31, 2016 , $105.0 million of the Union Bank Plaza Mortgage Loan had been disbursed to the Company with the remaining loan balance of $14.3 million available for future disbursements, subject to certain conditions set forth in the loan agreement. (5) As of March 31, 2016 , Portfolio Mortgage Loan #1 was secured by Horizon Tech Center, Granite Tower and Gateway Corporate Center. (6) As of March 31, 2016 , the principal balance under Portfolio Mortgage Loan #3 consisted of the $54.0 million non-revolving portion. The revolving portion of $16.0 million remained available for future disbursements, subject to certain terms and conditions contained in the loan documents. As of March 31, 2016 , Portfolio Mortgage Loan #3 was secured by the 100 & 200 Campus Drive Buildings and Willow Oaks Corporate Center. (7) Monthly payments are initially interest-only. Beginning on May 1, 2017 , monthly payments for the Corporate Technology Centre Mortgage Loan will include principal and interest with principal payments calculated using an amortization schedule of 30 years for the balance of the loan term, with the remaining principal balance, all accrued and unpaid interest and any other amounts due at maturity. (8) As of March 31, 2016 , the principal balance of the 300-600 Campus Drive Revolving Loan consisted of $78.0 million of the non-revolving portion. The remaining non-revolving portion of $17.0 million and the revolving portion of $25.0 million remained available for future disbursements, subject to certain terms and conditions contained in the loan documents.
Schedule of Maturities of Long-term Debt	The following is a schedule of maturities, including principal amortization payments, for all notes payable outstanding as of March 31, 2016 (in thousands): April 1, 2016 through December 31, 2016 $ 278,033 2017 131,218 2018 2,750 2019 2,848 2020 132,622 $ 547,471

DERIVATIVE INSTRUMENTS (Tables)

DERIVATIVE INSTRUMENTS (Tables)	3 Months Ended
DERIVATIVE INSTRUMENTS (Tables)	Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Notional and Fair Value of Interest Rate Swaps Designated as Cash Flow Hedges	The following table summarizes the notional amount and other information related to the Company’s interest rate swaps as of March 31, 2016 and December 31, 2015 . The notional amount is an indication of the extent of the Company’s involvement in each instrument at that time, but does not represent exposure to credit, interest rate or market risks (dollars in thousands): Derivative Instruments March 31, 2016 December 31, 2015 Reference Rate as of March 31, 2016 Weighted-Average Fix Pay Rate Weighted-Average Remaining Term in Years Number of Instruments Notional Amount Number of Instruments Notional Amount Interest Rate Swaps (1) 4 $207,438 5 $265,488 One-month LIBOR/ 0.98% 0.9 _____________________ (1) During the three months ended March 31, 2016 , one of the Company’s interest rate swaps expired. As of March 31, 2016 and December 31, 2015 , none of the Company’s interest rate swaps were designated as cash flow hedges.
Schedule of Derivative Instruments in Statement of Financial Position	The following table sets forth the fair value of the Company’s derivative instruments as well as their classification on the consolidated balance sheets as of March 31, 2016 and December 31, 2015 (dollars in thousands): Derivative Instruments Balance Sheet Location March 31, 2016 December 31, 2015 Number of Instruments Fair Value Number of Instruments Fair Value Interest Rate Swaps Prepaid expenses and other assets, at fair value — $ — 2 $ 19 Interest Rate Swaps Other liabilities, at fair value 4 $ (801 ) 3 $ (658 )
Schedule of Derivative Instruments in Statement of Operations	The following table summarizes the effects of derivative instruments on the Company’s consolidated statements of operations (in thousands): For the Three Months Ended March 31, 2016 2015 Derivatives designated as hedging instruments (1) Amount of loss recognized on interest rate swaps (effective portion) $ 34 $ 692 34 692 Derivatives not designated as hedging instruments Realized loss recognized on interest rate swaps 268 989 Unrealized losses (gains) on interest rate swaps 196 (31 ) Losses related to swap terminations 2 170 466 1,128 Increase in interest expense as a result of derivatives $ 500 $ 1,820 _____________________ (1) All of the Company’s interest rate swap agreements were initially designated as cash flow hedges. During 2014, the Company dedesignated all of its interest rate swap instruments due to the anticipated early repayment of debt in connection with asset sales, and therefore, certain hedged forecasted transactions were no longer probable beyond the projected asset sale date.

FAIR VALUE DISCLOSURES (Tables)

FAIR VALUE DISCLOSURES (Tables)	3 Months Ended
FAIR VALUE DISCLOSURES (Tables)	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Schedule of Face Value, Carrying Amounts and Fair Value	The following were the face values, carrying amounts and fair values of the Company’s real estate loan receivable and notes payable as of March 31, 2016 and December 31, 2015 , which carrying amounts do not generally approximate the fair values (in thousands): March 31, 2016 December 31, 2015 Face Value Carrying Amount Fair Value Face Value Carrying Amount Fair Value Financial assets: Real estate loan receivable $ 14,166 $ 14,174 $ 14,587 $ 14,201 $ 14,210 $ 14,574 Financial liabilities: Notes payable $ 547,471 $ 546,276 $ 550,341 $ 547,471 $ 546,077 $ 549,129
Schedule of Assets and Liabilities at Fair Value	During the three months ended March 31, 2016 , the Company measured the following liabilities at fair value (in thousands): Fair Value Measurements Using Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Recurring Basis: Liability derivatives $ 801 $ — $ 801 $ —

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	3 Months Ended
RELATED PARTY TRANSACTIONS (Tables)	Mar. 31, 2016
Related Party Transactions [Abstract]
Schedule of Related Party Costs	Pursuant to the terms of these agreements, summarized below are the related-party costs incurred by the Company for the three months ended March 31, 2016 and 2015 , respectively, and any related amounts payable as of March 31, 2016 and December 31, 2015 (in thousands): Incurred Payable as of Three Months Ended March 31, March 31, December 31, 2016 2015 2016 2015 Expensed Asset management fees $ 2,956 $ 3,086 $ — $ — Reimbursement of operating expenses (1) 69 45 40 49 Disposition fees (2) — 1,239 — — $ 3,025 $ 4,370 $ 40 $ 49 _____________________ (1) Reimbursable operating expenses primarily consist of internal audit personnel costs, accounting software and cybersecurity related expenses incurred by the Advisor under the Advisory Agreement. The Company has reimbursed the Advisor for the Company’s allocable portion of the salaries, benefits and overhead of internal audit department personnel providing services to the Company. These amounts totaled $49,000 and $34,000 for the three months ended March 31, 2016 and 2015 , respectively, and were the only type of employee costs reimbursed under the Advisory Agreement for the three months ended March 31, 2016 and 2015 . The Company will not reimburse for employee costs in connection with services for which the Advisor earns acquisition, origination or disposition fees (other than reimbursement of travel and communication expenses) or for the salaries or benefits the Advisor or its affiliates may pay to the Company’s executive officers. In addition to the amounts above, the Company reimburses the Advisor for certain of the Company’s direct costs incurred from third parties that were initially paid by the Advisor on behalf of the Company. (2) Disposition fees with respect to real estate sold are included in the gain on sale of real estate, net, in the accompanying consolidated statements of operations. Disposition fees with respect to real estate loans receivable sold are included in the gain on payoff or sale of real estate loans receivable in the accompanying consolidated statements of operations.

ORGANIZATION (Details)

ORGANIZATION (Details) $ in Thousands	3 Months Ended	12 Months Ended	35 Months Ended	95 Months Ended
ORGANIZATION (Details) $ in Thousands	Mar. 31, 2016USD ($)LoansReceivablespropertyshares	Dec. 31, 2015USD ($)shares	Mar. 22, 2011USD ($)shares	Mar. 31, 2016USD ($)LoansReceivablespropertyshares
Organizational Structure [Line Items]
Partnership interest in Operating Partnership	0.10%
Partnership interest in the Operating Partnership and is its sole limited partner	99.90%
Number of real estate properties	12			12
Number of real estate loans receivable \| LoansReceivables	1			1
Issuance of common stock, value \| $			$ 1,800,000
Shares of common stock sold under dividend reinvestment plan, value \| $				$ 298,200
Redemptions of common stock, value \| $	$ 1,684	$ 5,814		$ 237,000
Common Stock [Member]
Organizational Structure [Line Items]
Issuance of common stock, shares \| shares			182,681,633
Shares of common stock sold under dividend reinvestment plan, shares \| shares				30,903,504
Redemptions of common stock, shares \| shares	299,557	1,005,418		24,348,509
Redemptions of common stock, value \| $	$ 3	$ 10
KBS Capital Advisors LLC [Member]
Organizational Structure [Line Items]
Period of Advisory Agreement renewal	1 year
Period of termination notice	60 days
KBS Capital Advisors LLC [Member] \| Common Stock [Member]
Organizational Structure [Line Items]
Shares held by affiliate \| shares	20,000			20,000
Office Properties [Member]
Organizational Structure [Line Items]
Number of real estate properties	10			10
Office/Flex Properties [Member]
Organizational Structure [Line Items]
Number of real estate properties	1			1
Office Campus [Member]
Organizational Structure [Line Items]
Number of real estate properties	1			1
Office Buildings, Campus [Member]
Organizational Structure [Line Items]
Number of real estate properties	8			8

SUMMARY OF SIGNIFICANT ACCOUN30

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	3 Months Ended		12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	Mar. 31, 2016segments$ / shares	Mar. 31, 2015$ / shares	Dec. 31, 2015segments
Accounting Policies [Abstract]
Distributions declared per common share (usd per share) \| $ / shares	$ 0.070	$ 0.072
Number of reportable segments \| segments	1		2

REAL ESTATE (Narrative) (Detail

REAL ESTATE (Narrative) (Details) ft² in Millions	Mar. 31, 2016ft²property
Real Estate Properties [Line Items]
Number of real estate properties	12
Occupancy	89.00%
Office Properties [Member]
Real Estate Properties [Line Items]
Number of real estate properties	10
Office/Flex Properties [Member]
Real Estate Properties [Line Items]
Number of real estate properties	1
Office Campus [Member]
Real Estate Properties [Line Items]
Number of real estate properties	1
Office Buildings, Campus [Member]
Real Estate Properties [Line Items]
Number of real estate properties	8
Real Estate Held-for-Investment [Member]
Real Estate Properties [Line Items]
Rentable Square Feet \| ft²	5.2
Real Estate Held-for-Investment [Member] \| Office Properties [Member]
Real Estate Properties [Line Items]
Number of real estate properties	10
Real Estate Held-for-Investment [Member] \| Office/Flex Properties [Member]
Real Estate Properties [Line Items]
Number of real estate properties	1
Real Estate Held-for-Investment [Member] \| Office Buildings, Campus [Member]
Real Estate Properties [Line Items]
Number of real estate properties	8

REAL ESTATE (Schedule of Real E

REAL ESTATE (Schedule of Real Estate Investments) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Real Estate Properties [Line Items]
Total Real Estate at Cost	$ 1,300,858	$ 1,291,762
Accumulated Depreciation and Amortization	(124,641)	$ (113,460)
Office Properties [Member]
Real Estate Properties [Line Items]
Total Real Estate at Cost	1,300,858
Accumulated Depreciation and Amortization	(124,641)
Total real estate held for investment, net	$ 1,176,217
100 & 200 Campus Drive Buildings [Member] \| Office Properties [Member]
Real Estate Properties [Line Items]
Date Acquired	Sep. 9, 2008
Total Real Estate at Cost	$ 136,762
Accumulated Depreciation and Amortization	(2,917)
Total real estate held for investment, net	$ 133,845
300-600 Campus Drive Buildings [Member] \| Office Properties [Member]
Real Estate Properties [Line Items]
Date Acquired	Oct. 10, 2008
Total Real Estate at Cost	$ 154,529
Accumulated Depreciation and Amortization	(6,184)
Total real estate held for investment, net	$ 148,345
350 E. Plumeria Building [Member] \| Office/Flex Properties [Member]
Real Estate Properties [Line Items]
Date Acquired	Dec. 18, 2008
Total Real Estate at Cost	$ 36,717
Accumulated Depreciation and Amortization	(8,220)
Total real estate held for investment, net	$ 28,497
Willow Oaks Corporate Center [Member] \| Office Properties [Member]
Real Estate Properties [Line Items]
Date Acquired	Aug. 26, 2009
Total Real Estate at Cost	$ 103,209
Accumulated Depreciation and Amortization	(14,440)
Total real estate held for investment, net	$ 88,769
Pierre Laclede Center [Member] \| Office Properties [Member]
Real Estate Properties [Line Items]
Date Acquired	Feb. 4, 2010
Total Real Estate at Cost	$ 74,329
Accumulated Depreciation and Amortization	(4,288)
Total real estate held for investment, net	$ 70,041
Horizon Tech Center [Member] \| Office Properties [Member]
Real Estate Properties [Line Items]
Date Acquired	Jun. 17, 2010
Total Real Estate at Cost	$ 29,533
Accumulated Depreciation and Amortization	(884)
Total real estate held for investment, net	$ 28,649
Union Bank Plaza [Member] \| Office Properties [Member]
Real Estate Properties [Line Items]
Date Acquired	Sep. 15, 2010
Total Real Estate at Cost	$ 186,631
Accumulated Depreciation and Amortization	(8,879)
Total real estate held for investment, net	$ 177,752
Emerald View at Vista Center [Member] \| Office Properties [Member]
Real Estate Properties [Line Items]
Date Acquired	Dec. 9, 2010
Total Real Estate at Cost	$ 30,713
Accumulated Depreciation and Amortization	(5,087)
Total real estate held for investment, net	$ 25,626
Granite Tower [Member] \| Office Properties [Member]
Real Estate Properties [Line Items]
Date Acquired	Dec. 16, 2010
Total Real Estate at Cost	$ 155,317
Accumulated Depreciation and Amortization	(33,378)
Total real estate held for investment, net	$ 121,939
Gateway Corporate Center [Member] \| Office Properties [Member]
Real Estate Properties [Line Items]
Date Acquired	Jan. 26, 2011
Total Real Estate at Cost	$ 44,439
Accumulated Depreciation and Amortization	(8,874)
Total real estate held for investment, net	$ 35,565
Fountainhead Plaza [Member] \| Office Properties [Member]
Real Estate Properties [Line Items]
Date Acquired	Sep. 13, 2011
Total Real Estate at Cost	$ 119,384
Accumulated Depreciation and Amortization	(8,207)
Total real estate held for investment, net	$ 111,177
Corporate Technology Centre [Member] \| Office Properties [Member]
Real Estate Properties [Line Items]
Date Acquired	Mar. 28, 2013
Total Real Estate at Cost	$ 229,295
Accumulated Depreciation and Amortization	(23,283)
Total real estate held for investment, net	$ 206,012

REAL ESTATE (Properties Represe

REAL ESTATE (Properties Represented More than 10% of Company’s Total Assets) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)ft²$ / ft²
Real Estate Properties [Line Items]
Percentage of Total Assets	61.20%
Annualized Base Rent	$ 84,644
Occupancy	89.00%
Corporate Technology Centre [Member] \| Assets, Total [Member]
Real Estate Properties [Line Items]
Rentable Square Feet \| ft²	610,083
Total Real Estate, Net	$ 206,012
Percentage of Total Assets	15.20%
Annualized Base Rent	$ 18,537
Average Annualized Base Rent per Sq. Ft. \| $ / ft²	30.38
Occupancy	100.00%
Union Bank Plaza [Member]
Real Estate Properties [Line Items]
Rentable Square Feet \| ft²	408,260
Annualized Base Rent	$ 16,804
Average Annualized Base Rent per Sq. Ft. \| $ / ft²	41.16
Union Bank Plaza [Member] \| Assets, Total [Member]
Real Estate Properties [Line Items]
Rentable Square Feet \| ft²	627,334
Total Real Estate, Net	$ 177,752
Percentage of Total Assets	13.10%
Annualized Base Rent	$ 22,947
Average Annualized Base Rent per Sq. Ft. \| $ / ft²	39.85
Occupancy	92.00%
300-600 Campus Drive Buildings [Member] \| Assets, Total [Member]
Real Estate Properties [Line Items]
Rentable Square Feet \| ft²	578,402
Total Real Estate, Net	$ 148,345
Percentage of Total Assets	10.90%
Annualized Base Rent	$ 17,480
Average Annualized Base Rent per Sq. Ft. \| $ / ft²	30.69
Occupancy	98.00%

REAL ESTATE (Operating Leases)

REAL ESTATE (Operating Leases) (Narrative) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)Tenants	Mar. 31, 2015USD ($)	Dec. 31, 2015USD ($)
Operating Leased Assets [Line Items]
Deferred rent recognized	$ 1,325	$ 1,871
Deferred rent receivables	57,500		$ 54,600
Unamortized lease incentives	$ 12,800		11,900
Number of tenants \| Tenants	250
Recorded bad debt expense related to tenant	$ 42	$ 210
Bad debt reserve	300
Other Liabilities, at Fair Value [Member]
Operating Leased Assets [Line Items]
Security deposit liability	$ 2,400		$ 2,400
Maximum [Member]
Operating Leased Assets [Line Items]
Operating lease, term	15 years 7 months 6 days
Bad debt reserve of annualized base rent	1.00%
Weighted Average [Member]
Operating Leased Assets [Line Items]
Operating lease, term	5 years 7 months 6 days

REAL ESTATE (Future Minimum Ren

REAL ESTATE (Future Minimum Rental Income) (Details) $ in Thousands	Mar. 31, 2016USD ($)
Real Estate [Abstract]
April 1, 2016 through December 31, 2016	$ 94,313
2,017	123,551
2,018	116,952
2,019	102,850
2,020	97,701
Thereafter	357,243
Future minimum rental income	$ 892,610

REAL ESTATE (Highest Tenant Ind

REAL ESTATE (Highest Tenant Industry Concentrations- Grater than 10% of Annual Base Rent) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)Tenants
Concentration Risk [Line Items]
Number of Tenants \| Tenants	250
Annualized Base Rent \| $	$ 84,644
Percentage of Annualized Base Rent	61.20%
Industry - Finance [Member]
Concentration Risk [Line Items]
Number of Tenants \| Tenants	31
Annualized Base Rent \| $	$ 30,258
Percentage of Annualized Base Rent	21.90%
Industry - Computer System Design & Programming [Member]
Concentration Risk [Line Items]
Number of Tenants \| Tenants	11
Annualized Base Rent \| $	$ 23,003
Percentage of Annualized Base Rent	16.60%
Industry - Mining, Oil & Gas Extraction [Member]
Concentration Risk [Line Items]
Number of Tenants \| Tenants	5
Annualized Base Rent \| $	$ 16,920
Percentage of Annualized Base Rent	12.20%
Industry - Legal Services [Member]
Concentration Risk [Line Items]
Number of Tenants \| Tenants	36
Annualized Base Rent \| $	$ 14,463
Percentage of Annualized Base Rent	10.50%

REAL ESTATE (Concentration of C

REAL ESTATE (Concentration of Credit Risk for Tenant Leases) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)ft²$ / ft²	Apr. 30, 2017ft²	Sep. 30, 2016ft²
Real Estate Properties [Line Items]
Annualized Base Rent \| $	$ 84,644
Union Bank Plaza [Member]
Real Estate Properties [Line Items]
Square Feet	408,260
% of Portfolio (Net Rentable Sq. Ft.)	8.80%
Annualized Base Rent \| $	$ 16,804
% of Portfolio Annualized Base Rent	12.10%
Annualized Base Rent per Sq. Ft. \| $ / ft²	41.16
Area of real estate property with expiration	408,260
Union Bank Plaza [Member] \| Scenario, Forecast [Member]
Real Estate Properties [Line Items]
Area of real estate property with expiration		31,946	33,602
Union Bank Plaza [Member] \| Option One [Member]
Real Estate Properties [Line Items]
Lease Expiration	Sep. 30, 2016
Union Bank Plaza [Member] \| Option Two [Member]
Real Estate Properties [Line Items]
Lease Expiration	Jan. 31, 2022

REAL ESTATE (Geographic Concent

REAL ESTATE (Geographic Concentration Risk) (Details)	3 Months Ended
REAL ESTATE (Geographic Concentration Risk) (Details)	Mar. 31, 2016
Concentration Risk [Line Items]
Concentration risk, percentage	61.20%
CALIFORNIA [Member] \| Assets, Total [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	35.20%
NEW JERSEY [Member] \| Assets, Total [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	20.80%

REAL ESTATE (Impairment of Real

REAL ESTATE (Impairment of Real Estate) (Details) - Real Estate Held-for-Investment [Member] $ in Millions	3 Months Ended
	Mar. 31, 2015USD ($)property
Investment [Line Items]
Non-cash impairment of real estate \| $	$ 4.5
Number of real estate properties included in impairment calculation \| property	2

TENANT ORIGINATION AND ABSORP40

TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Tenant Origination and Absorption Costs, Above-Market Lease Assets and Below-Market Lease Liabilities [Abstract]
Tenant Origination And Absorption Costs, Cost	$ 74,433		$ 76,132
Tenant Origination and Absorption Costs, Accumulated amortization	(32,758)		(31,020)
Tenant Origination and Absorption Costs, Net amount	41,675		45,112
Tenant Origination and Absorption Costs, Amortization	(3,437)	$ (3,633)
Above-Market Lease Assets, Cost	15,347		15,375
Above-Market Lease Assets, Accumulated amortization	(8,379)		(7,779)
Above-Market Lease Assets, Net amount	6,968		7,596
Above-Market Lease Assets, Amortization	(628)	(748)
Below-Market Lease Liabilities, Cost	(16,143)		(20,436)
Below-Market Lease Liabilities, Accumulated amortization	11,609		14,866
Below-Market Lease Liabilities, Net amount	(4,534)		$ (5,570)
Below-Market Lease Liabilities, Amortization	$ 1,036	$ 1,139

REAL ESTATE LOAN RECEIVABLE (Sc

REAL ESTATE LOAN RECEIVABLE (Schedule of Real Estate Loans Receivable) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Book Value	$ 14,174	$ 14,210
Mortgages [Member] \| Sheraton Charlotte Airport Hotel First Mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Date Acquired	Jul. 11, 2011
Outstanding Principal Balance	$ 14,166
Book Value	$ 14,174	$ 14,210
Contractual Interest Rate	7.50%
Annualized Effective Interest Rate	7.60%
Maturity Date	Aug. 1, 2018

REAL ESTATE LOAN RECEIVABLE (42

REAL ESTATE LOAN RECEIVABLE (Schedule of Activity Related to Real Estate Loans Receivable) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Real Estate Loans Receivable [Roll Forward]
Real estate loan receivable - December 31, 2015	$ 14,210
Principal repayments received on the real estate loan receivable	(35)	$ (171)
Amortization of closing costs and origination fees on the real estate loan receivable	(1)	$ (3)
Real estate loan receivable - March 31, 2016	$ 14,174

REAL ESTATE LOAN RECEIVABLE (43

REAL ESTATE LOAN RECEIVABLE (Schedule of Interest Income from Real Estate Loans Receivable) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Receivables [Abstract]
Contractual interest income	$ 269	$ 1,365
Amortization of closing costs and origination fees	(1)	(3)
Interest income from real estate loans receivable	$ 268	$ 1,362

REAL ESTATE SALES (Narrative) (

REAL ESTATE SALES (Narrative) (Details)	12 Months Ended
REAL ESTATE SALES (Narrative) (Details)	Dec. 31, 2015property
Office Properties [Member]
Real Estate Properties [Line Items]
Number of real estate properties sold	1

REAL ESTATE SALES (Revenue and

REAL ESTATE SALES (Revenue and Expenses of Real Estate Held-for-Sale) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Revenues
Rental income	$ 34,997	$ 36,824
Tenant reimbursements	3,999	3,892
Total revenues	40,994	43,930
Expenses
Operating, maintenance, and management	8,734	10,151
Real estate taxes and insurance	5,072	5,221
Asset management fees to affiliate	2,956	3,086
Interest expense	4,474	6,847
Total expenses	38,090	43,853
Assets Held-for-sale [Member]
Revenues
Rental income	0	1,835
Tenant reimbursements	0	160
Other operating income	0	127
Total revenues	0	2,122
Expenses
Operating, maintenance, and management	0	624
Real estate taxes and insurance	0	196
Asset management fees to affiliate	0	108
Interest expense	0	411
Total expenses	$ 0	$ 1,339

NOTES PAYABLE (Narrative) (Deta

NOTES PAYABLE (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Notes Payable [Abstract]
Interest expense	$ 4,474	$ 6,847
Interest payable, current	1,300		$ 1,500
Amortization of deferred financing costs	369	642
Additional interest expense related to the effective portion of cash flow hedges	$ 500	$ 1,800

NOTES PAYABLE (Schedule of Long

NOTES PAYABLE (Schedule of Long-term Debt Instruments) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Total notes payable principal outstanding	$ 547,471	$ 547,471
Deferred financing costs, net	(1,195)	(1,394)
Total notes payable, net	546,276	546,077
Portfolio Revolving Loan [Member] \| Mortgage [Member]
Debt Instrument [Line Items]
Total notes payable principal outstanding	$ 75,438	75,438
Effective Interest Rate	3.10%
Maturity Date	Jun. 21, 2017
Portfolio Revolving Loan [Member] \| Mortgage [Member] \| One-month LIBOR [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate	1.80%
Union Bank Plaza [Member] \| Mortgage [Member]
Debt Instrument [Line Items]
Total notes payable principal outstanding	$ 105,000	105,000
Effective Interest Rate	2.10%
Maturity Date	Sep. 15, 2016
Amount outstanding	$ 105,000
Unused borrowing capacity, amount	$ 14,300
Union Bank Plaza [Member] \| Mortgage [Member] \| One-month LIBOR [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate	1.65%
Portfolio Mortgage Loan 1 [Member] \| Mortgage [Member]
Debt Instrument [Line Items]
Total notes payable principal outstanding	$ 95,033	95,033
Effective Interest Rate	2.60%
Maturity Date	Jul. 27, 2016
Portfolio Mortgage Loan 1 [Member] \| Mortgage [Member] \| One-month LIBOR [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate	2.15%
Portfolio Mortgage Loan 3 [Member] \| Non-Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Borrowing capacity	$ 54,000
Portfolio Mortgage Loan 3 [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Borrowing capacity	16,000
Portfolio Mortgage Loan 3 [Member] \| Mortgage [Member]
Debt Instrument [Line Items]
Total notes payable principal outstanding	$ 54,000	54,000
Effective Interest Rate	2.50%
Maturity Date	Mar. 1, 2017
Portfolio Mortgage Loan 3 [Member] \| Mortgage [Member] \| One-month LIBOR [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate	1.75%
Portfolio Mortgage Loan 3 [Member] \| Mortgage [Member] \| One-month LIBOR [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate	1.85%
Corporate Technology Centre [Member] \| Mortgage [Member]
Debt Instrument [Line Items]
Total notes payable principal outstanding	$ 140,000	140,000
Contractual Interest Rate, Percentage	3.50%
Effective Interest Rate	3.50%
Maturity Date	Apr. 1, 2020
Amortization schedule	30 years
300-600 Campus Drive Revolving Loan [Member] \| Non-Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Amount outstanding	$ 78,000
300-600 Campus Drive Revolving Loan [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Borrowing capacity	25,000
300-600 Campus Drive Revolving Loan [Member] \| Mortgage [Member]
Debt Instrument [Line Items]
Total notes payable principal outstanding	$ 78,000	$ 78,000
Effective Interest Rate	2.90%
Maturity Date	Aug. 1, 2016
300-600 Campus Drive Revolving Loan [Member] \| Mortgage [Member] \| Secured Debt [Member]
Debt Instrument [Line Items]
Remaining borrowing capacity	$ 17,000
300-600 Campus Drive Revolving Loan [Member] \| Mortgage [Member] \| One-month LIBOR [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate	2.05%

NOTES PAYABLE (Schedule of Matu

NOTES PAYABLE (Schedule of Maturities of Long-Term Debt) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Notes Payable [Abstract]
April 1, 2016 through December 31, 2016	$ 278,033
2,017	131,218
2,018	2,750
2,019	2,848
2,020	132,622
Total notes payable, net	$ 547,471	$ 547,471

DERIVATIVE INSTRUMENTS (Notiona

DERIVATIVE INSTRUMENTS (Notional Amount and Fair Value) (Details) - Interest Rate Swap [Member] $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)Investments	Dec. 31, 2015USD ($)Investments
Derivative [Line Items]
Number of Instruments	4	5
Notional Amount \| $	$ 207,438	$ 265,488
Weighted-Average Fix Pay Rate	0.98%
Weighted-Average Remaining Term in Years	10 months 8 days
Number of instruments expired	1
Deferred Financing Costs, Prepaid Expenses and Other Assets, at Fair Value [Member]
Derivative [Line Items]
Number of Instruments	0	2
Notional Amount \| $	$ 0	$ 19
Other Liabilities, at Fair Value [Member]
Derivative [Line Items]
Number of Instruments	4	3
Notional Amount \| $	$ 801	$ 658
One-month LIBOR [Member] \| Minimum [Member]
Derivative [Line Items]
Reference Rate	0.71%
One-month LIBOR [Member] \| Maximum [Member]
Derivative [Line Items]
Reference Rate	1.30%

DERIVATIVE INSTRUMENTS (Stateme

DERIVATIVE INSTRUMENTS (Statement of Operations) (Details) - Interest Rate Swap [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Derivative [Line Items]
Increase in interest expense as a result of derivatives	$ 500	$ 1,820
Derivatives Designated as Hedging Instrument [Member]
Derivative [Line Items]
Amount of loss recognized on interest rate swaps (effective portion)	34	692
Increase in interest expense as a result of derivatives	34	692
Derivatives Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Realized loss recognized on interest rate swaps	268	989
Unrealized losses (gains) on interest rate swaps	196	(31)
Losses related to swap terminations	2	170
Increase in interest expense as a result of derivatives	$ 466	$ 1,128

FAIR VALUE DISCLOSURES (Schedul

FAIR VALUE DISCLOSURES (Schedule of Face Value, Carrying Amounts and Fair Value) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Real estate loan receivable, Face Value	$ 14,166	$ 14,201
Notes payable, Face Value	547,471	547,471
Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Real estate loans receivable, Value	14,174	14,210
Notes payable, Value	546,276	546,077
Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Real estate loans receivable, Value	14,587	14,574
Notes payable, Value	$ 550,341	$ 549,129

FAIR VALUE DISCLOSURES (Sched52

FAIR VALUE DISCLOSURES (Schedule of Assets and Liabilities at Fair Value) (Details) - Recurring Basis [Member] $ in Thousands	Mar. 31, 2016USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability derivatives	$ 801
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability derivatives	0
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability derivatives	801
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability derivatives	$ 0

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Related Party Transaction [Line Items]
Administrative fees	$ 49	$ 34
Advisor and Dealer Manager [Member]
Related Party Transaction [Line Items]
Incurred	3,025	4,370
Payable as of	40		$ 49
Advisor and Dealer Manager [Member] \| Expensed [Member] \| Asset Management Fees [Member]
Related Party Transaction [Line Items]
Expenses	2,956	3,086
Payable as of	0		0
Advisor and Dealer Manager [Member] \| Expensed [Member] \| Reimbursement of Operating Expenses [Member]
Related Party Transaction [Line Items]
Expenses	69	45
Payable as of	40		49
Advisor and Dealer Manager [Member] \| Expensed [Member] \| Dispositon Fees [Member]
Related Party Transaction [Line Items]
Expenses	0	$ 1,239
Payable as of	$ 0		$ 0

RELATED PARTY TRANSACTIONS (Nar

RELATED PARTY TRANSACTIONS (Narrative) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Due from related parties	$ 181	$ 0
KBS Capital Advisors LLC [Member]
Related Party Transaction [Line Items]
Due from related parties	200
KBS Capital Advisors LLC [Member] \| Property Insurance Rebate [Member]
Related Party Transaction [Line Items]
Due from related parties	100
KBS Capital Advisors LLC [Member] \| Legal and Professional Fees Reimbursement [Member]
Related Party Transaction [Line Items]
Due from related parties	$ 100

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($) $ / shares in Units, $ in Millions	May. 02, 2016	Apr. 01, 2016	Jun. 30, 2016	May. 31, 2016	Apr. 30, 2016	Mar. 31, 2016
Dividend Paid [Member]
Subsequent Event [Line Items]
Distribution rate per share per day, declared						$ 0.02380055
Dividend Declared [Member] \| Scenario, Forecast [Member]
Subsequent Event [Line Items]
Distribution rate per share per day, declared			$ 0.02303279	$ 0.02380055
Subsequent Event [Member] \| Dividend Paid [Member]
Subsequent Event [Line Items]
Dividends declared	$ 4.4	$ 4.5
Distribution rate per share per day, declared					$ 0.02303279