KBS Real Estate Investment Trust II (KBRS) 10-Q 8 Nov 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Nov. 04, 2016
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
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		188,808,583

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Real estate:
Land	$ 194,972	$ 194,972
Buildings and improvements	1,009,241	987,245
Tenant origination and absorption costs	69,387	72,877
Total real estate, cost	1,273,600	1,255,094
Less accumulated depreciation and amortization	(138,837)	(105,533)
Total real estate held for investment, net	1,134,763	1,149,561
Real estate held for sale, net	0	28,741
Total real estate, net	1,134,763	1,178,302
Real estate loan receivable, net	14,116	14,210
Total real estate and real estate-related investments, net	1,148,879	1,192,512
Cash and cash equivalents	58,759	72,687
Rents and other receivables, net	60,170	55,835
Above-market leases, net	5,661	7,596
Assets related to real estate held for sale	0	3,669
Prepaid expenses and other assets	32,717	32,231
Total assets	1,306,186	1,364,530
Liabilities and stockholders’ equity
Notes payable, net	523,822	526,413
Notes payable related to real estate held for sale, net	0	19,664
Total notes payable, net	523,822	546,077
Accounts payable and accrued liabilities	22,705	30,329
Due to affiliate	107	49
Distributions payable	4,351	4,725
Below-market leases, net	3,391	5,570
Other liabilities	10,189	9,850
Total liabilities	564,565	596,600
Commitments and contingencies (Note 11)
Redeemable common stock	6,133	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, 188,868,052 and 189,556,185 shares issued and outstanding as of September 30, 2016 and December 31, 2015, respectively	1,888	1,895
Additional paid-in capital	1,684,213	1,684,206
Cumulative distributions in excess of net income	(950,613)	(928,111)
Accumulated other comprehensive loss	0	(60)
Total stockholders’ equity	735,488	757,930
Total liabilities and stockholders’ equity	$ 1,306,186	$ 1,364,530

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 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	188,868,052	189,556,185
Common stock, shares outstanding	188,868,052	189,556,185

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Revenues:
Rental income	$ 33,214	$ 33,824	$ 101,674	$ 104,920
Tenant reimbursements	3,389	3,776	11,114	11,379
Interest income from real estate loans receivable	270	1,544	806	4,280
Other operating income	1,729	1,869	5,191	5,567
Total revenues	38,602	41,013	118,785	126,146
Expenses:
Operating, maintenance, and management	9,002	8,892	25,785	27,156
Real estate taxes and insurance	5,099	5,148	15,223	15,570
Asset management fees to affiliate	2,955	2,999	8,850	9,107
General and administrative expenses	1,299	1,270	5,125	3,439
Depreciation and amortization	14,210	14,477	43,391	42,218
Interest expense	4,066	5,467	12,727	17,919
Impairment charge on real estate	0	18,596	0	23,082
Total expenses	36,631	56,849	111,101	138,491
Other income:
Other income	474	93	516	195
Gain on sales of real estate, net	0	0	9,101	27,418
Total other income	474	93	9,617	27,613
Net income (loss)	$ 2,445	$ (15,743)	$ 17,301	$ 15,268
Net income (loss) per common share, basic and diluted (in dollars per share)	$ 0.01	$ (0.08)	$ 0.09	$ 0.08
Weighted-average number of common shares outstanding, basic and diluted (in shares)	189,002,569	190,096,839	189,208,324	190,328,683

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 2,445	$ (15,743)	$ 17,301	$ 15,268
Other comprehensive income:
Reclassification of realized losses recognized on interest rate swaps (effective portion)	0	134	60	1,446
Total other comprehensive income	0	134	60	1,446
Total comprehensive income (loss)	$ 2,445	$ (15,609)	$ 17,361	$ 16,714

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - 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	17,301			17,301
Other comprehensive income	60				60
Redemptions of common stock, shares		(688,133)
Redemptions of common stock, value	(3,867)	$ (7)	(3,860)
Transfers from redeemable common stock	3,867		3,867
Distributions declared	$ (39,803)			(39,803)
Balance, shares at Sep. 30, 2016	188,868,052	188,868,052
Balance, value at Sep. 30, 2016	$ 735,488	$ 1,888	$ 1,684,213	$ (950,613)	$ 0

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash Flows from Operating Activities:
Net income	$ 17,301	$ 15,268
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	43,391	42,218
Impairment charge on real estate	0	23,082
Noncash interest income on real estate-related investments	3	22
Deferred rent	(5,114)	(3,880)
Bad debt expense	247	148
Amortization of above- and below-market leases, net	(244)	(598)
Amortization of deferred financing costs	1,423	1,551
Unrealized gains on derivative instruments	(321)	(1,206)
Gain on sales of real estate, net	(9,101)	(27,418)
Changes in operating assets and liabilities:
Rents and other receivables	(1,707)	(1,687)
Prepaid expenses and other assets	(4,606)	(12,083)
Accounts payable and accrued liabilities	2,541	2,441
Due to affiliates	58	(36)
Other liabilities	739	(1,506)
Net cash provided by operating activities	44,610	36,316
Cash Flows from Investing Activities:
Proceeds from sale of real estate	41,218	122,920
Improvements to real estate	(32,125)	(16,326)
Proceeds from early payoff or sale of real estate loans receivable	0	58,272
Principal repayments on real estate loans receivable	91	391
Net cash provided by investing activities	9,184	165,257
Cash Flows from Financing Activities:
Proceeds from note payable	17,000	0
Principal payments on notes payable	(39,800)	(89,700)
Payments of deferred financing costs	(878)	(188)
Payments to redeem common stock	(3,867)	(3,295)
Distributions paid to common stockholders	(40,177)	(43,589)
Net cash used in financing activities	(67,722)	(136,772)
Net (decrease) increase in cash and cash equivalents	(13,928)	64,801
Cash and cash equivalents, beginning of period	72,687	179,021
Cash and cash equivalents, end of period	58,759	243,822
Supplemental Disclosure of Cash Flow Information:
Interest paid	11,703	17,848
Supplemental Disclosure of Noncash Transactions:
Increase in accrued improvements to real estate	$ 0	$ 4,248

ORGANIZATION

ORGANIZATION	9 Months Ended
	Sep. 30, 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 September 30, 2016 , the Company owned 11 real estate properties (consisting of 10 office properties 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, 2016 (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 September 30, 2016 , the Company had redeemed 24,737,085 shares sold in the Offering for $239.2 million .

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 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 and nine months ended September 30, 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 nine months ended September 30, 2016 and 2015 , respectively. Distributions declared per common share were $0.070 and $0.210 in the aggregate for the three and nine months ended September 30, 2016 , respectively, and $0.074 and $0.219 in the aggregate for three and nine months ended September 30, 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 periods commencing January 2016 through September 2016 and January 2015 through September 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. Beginning with the reporting period commencing on January 1, 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. Square Footage, Occupancy and Other Measures Any references to square footage, occupancy or annualized base rent are unaudited and outside the scope of the Company’s independent registered public accounting firm’s review of the Company’s financial statements in accordance with the standards of the United States Public Company Accounting Oversight Board. 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. 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. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326) (“ASU No. 2016-13”). ASU No. 2016-13 affects entities holding financial assets and net investments in leases that are not accounted for at fair value through net income. The amendments in ASU No. 2016-13 require a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial asset(s) to present the net carrying value at the amount expected to be collected on the financial asset. ASU No. 2016-13 also amends the impairment model for available-for-sale securities. An entity will recognize an allowance for credit losses on available-for-sale debt securities as a contra-account to the amortized cost basis rather than as a direct reduction of the amortized cost basis of the investment, as is currently required. ASU No. 2016-13 also requires new disclosures. For financial assets measured at amortized cost, an entity will be required to disclose information about how it developed its allowance for credit losses, including changes in the factors that influenced management’s estimate of expected credit losses and the reasons for those changes. For financing receivables and net investments in leases measured at amortized cost, an entity will be required to further disaggregate the information it currently discloses about the credit quality of these assets by year of the asset’s origination for as many as five annual periods. For available for sale securities, an entity will be required to provide a roll-forward of the allowance for credit losses and an aging analysis for securities that are past due. ASU No. 2016-13 is effective for annual periods beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is still evaluating the impact of adopting ASU No. 2016-13 on its financial statements, but does not expect the adoption of ASU No. 2016-13 to have a material impact on its financial statements. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230), Classification of Certain Cash Receipts and Cash Payments (“ASU No. 2016-15”). ASU No. 2016-15 is intended to reduce diversity in practice in how certain transactions are classified in the statement of cash flows. The amendments in ASU No. 2016-15 provide guidance on eight specific cash flow issues, including the following that are or may be relevant to the Company: (a) Cash payments for debt prepayment or debt extinguishment costs should be classified as cash outflows for financing activities; (b) Cash payments relating to contingent consideration made soon after an acquisition’s consummation date (i.e., approximately three months or less) should be classified as cash outflows for investing activities. Payments made thereafter should be classified as cash outflows for financing activities up to the amount of the original contingent consideration liability. Payments made in excess of the amount of the original contingent consideration liability should be classified as cash outflows for operating activities; (c) Cash payments received from the settlement of insurance claims should be classified on the basis of the nature of the loss (or each component loss, if an entity receives a lump-sum settlement); (d) In the absence of specific guidance, an entity should classify each separately identifiable cash source and use on the basis of the nature of the underlying cash flows. For cash flows with aspects of more than one class that cannot be separated, the classification should be based on the activity that is likely to be the predominant source or use of cash flow. ASU No. 2016-15 is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The Company is still evaluating the impact of adopting ASU No. 2016-15 on its financial statements.

REAL ESTATE

REAL ESTATE	9 Months Ended
	Sep. 30, 2016
Real Estate [Abstract]
REAL ESTATE	REAL ESTATE As of September 30, 2016 , the Company’s portfolio of real estate was composed of ten office properties and an office campus consisting of eight office buildings, encompassing in the aggregate approximately 5.1 million rentable square feet. As of September 30, 2016 , the Company’s real estate portfolio was 89% occupied. The following table summarizes the Company’s real estate portfolio as of September 30, 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 $ 137,577 $ (5,489 ) $ 132,088 300-600 Campus Drive Buildings 10/10/2008 Florham Park NJ Office 160,887 (8,975 ) 151,912 Willow Oaks Corporate Center 08/26/2009 Fairfax VA Office 103,153 (14,777 ) 88,376 Pierre Laclede Center 02/04/2010 Clayton MO Office 76,874 (6,361 ) 70,513 Horizon Tech Center 06/17/2010 San Diego CA Office 29,542 (1,281 ) 28,261 Union Bank Plaza 09/15/2010 Los Angeles CA Office 187,768 (13,308 ) 174,460 Emerald View at Vista Center 12/09/2010 West Palm Beach FL Office 30,789 (5,653 ) 25,136 Granite Tower 12/16/2010 Denver CO Office 155,004 (36,494 ) 118,510 Gateway Corporate Center 01/26/2011 Sacramento CA Office 43,327 (8,392 ) 34,935 Fountainhead Plaza 09/13/2011 Tempe AZ Office 119,384 (10,943 ) 108,441 Corporate Technology Centre 03/28/2013 San Jose CA Office 229,295 (27,164 ) 202,131 $ 1,273,600 $ (138,837 ) $ 1,134,763 _____________________ (1) Amounts presented are net of impairment charges. As of September 30, 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 $ 202,131 15.5 % $ 18,537 $ 30.38 100 % Union Bank Plaza Los Angeles, CA 627,334 174,460 13.4 % 22,991 40.12 91 % 300-600 Campus Drive Buildings Florham Park, NJ 578,402 151,912 11.6 % 17,480 30.69 98 % 100 & 200 Campus Drive Buildings Florham Park, NJ 586,405 132,088 10.1 % 14,180 29.48 82 % _____________________ (1) Annualized base rent represents annualized contractual base rental income as of September 30, 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 September 30, 2016 , the leases had remaining terms, excluding options to extend, of up to 15.1 years with a weighted-average remaining term of 5.2 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 $2.5 million and $2.4 million as of September 30, 2016 and December 31, 2015 , respectively. During the nine months ended September 30, 2016 and 2015 , the Company recognized deferred rent from tenants, net of lease incentive amortization, of $5.1 million and $3.9 million , respectively. As of September 30, 2016 and December 31, 2015 , the cumulative deferred rent balance was $59.0 million and $52.3 million , respectively, and is included in rents and other receivables on the accompanying balance sheets. The cumulative deferred rent balance included $11.6 million and $11.9 million of unamortized lease incentives as of September 30, 2016 and December 31, 2015 , respectively. As of September 30, 2016 , the future minimum rental income from the Company’s properties under non-cancelable operating leases was as follows (in thousands): October 1, 2016 through December 31, 2016 $ 30,716 2017 123,469 2018 116,848 2019 102,658 2020 96,775 Thereafter 348,402 $ 818,868 As of September 30, 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 29 $ 30,297 22.2 % Computer System Design & Programming 10 19,980 14.7 % Mining, Oil & Gas Extraction 5 16,939 12.4 % Legal Services 36 14,839 10.9 % $ 82,055 60.2 % _____________________ (1) Annualized base rent represents annualized contractual base rental income as of September 30, 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 September 30, 2016 . During the nine months ended September 30, 2016 and 2015 , the Company recorded bad debt expense of $0.2 million and $0.1 million , respectively. As of September 30, 2016 , the Company had a bad debt expense reserve of approximately $0.5 million , which represented less than 1% of its annualized base rent. As of September 30, 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 9.0% $ 16,804 12.3% $ 41.16 09/30/2016 / 04/30/2017 / 01/31/2022 _____________________ (1) Annualized base rent represents annualized contractual base rental income as of September 30, 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 September 30, 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 expired 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 September 30, 2016 , the Company’s net investments in real estate in California and New Jersey represented 33.7% and 21.7% 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 and nine months ended September 30, 2015 , the Company recorded non-cash impairment charges of $18.6 million and $23.1 million , respectively, including an impairment charge of $18.6 million to write-down the carrying value of the 100 & 200 Campus Drive Buildings, an office property located in Florham Park, New Jersey, to its estimated fair value as a result of changes in cash flow estimates. The decrease in cash flow projections was primarily due to (i) the lack of demand in the Florham Park office rental market resulting in slower rent growth and longer lease up periods and (ii) an increase in projected vacancy related to a tenant occupying 199,024 rentable square feet, or approximately 34% of the 100 & 200 Campus Drive Buildings. This tenant’s lease expires in November 2016. The Company no longer expected the tenant to renew its lease and is currently concentrating its efforts to re-leasing the vacated space. As a result, the Company revised its cash flow projections for longer lease up periods and additional tenant improvement costs and leasing concessions required to attract new tenants. In addition, during the nine months ended September 30, 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. The Company did not recognize any impairment charges during the three and nine months ended September 30, 2016 .

TENANT ORIGINATION AND ABSORPTI

TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES	9 Months Ended
	Sep. 30, 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 September 30, 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 September 30, December 31, September 30, December 31, September 30, December 31, Cost $ 69,387 $ 72,877 $ 14,809 $ 15,375 $ (16,082 ) $ (20,436 ) Accumulated amortization (34,051 ) (28,543 ) (9,148 ) (7,779 ) 12,691 14,866 Net amount $ 35,336 $ 44,334 $ 5,661 $ 7,596 $ (3,391 ) $ (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 and nine months ended September 30, 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 September 30, For the Three Months Ended September 30, For the Three Months Ended September 30, 2016 2015 2016 2015 2016 2015 Amortization $ (2,811 ) $ (3,412 ) $ (606 ) $ (694 ) $ 571 $ 730 Tenant Origination and Absorption Costs Above-Market Lease Assets Below-Market Lease Liabilities For the Nine Months Ended September 30, For the Nine Months Ended September 30, For the Nine Months Ended September 30, 2016 2015 2016 2015 2016 2015 Amortization $ (9,116 ) $ (10,777 ) $ (1,935 ) $ (2,093 ) $ 2,179 $ 2,691

REAL ESTATE LOAN RECEIVABLE

REAL ESTATE LOAN RECEIVABLE	9 Months Ended
	Sep. 30, 2016
Receivables [Abstract]
REAL ESTATE LOANS RECEIVABLE	REAL ESTATE LOAN RECEIVABLE As of September 30, 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 September 30, 2016 (1) Book Value as of September 30, 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 $ 14,110 $ 14,116 $ 14,210 7.5% 7.6% 08/01/2018 _____________________ (1) Outstanding principal balance as of September 30, 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 September 30, 2016 . The following summarizes the activity related to the real estate loan receivable for the nine months ended September 30, 2016 (in thousands): Real estate loan receivable - December 31, 2015 $ 14,210 Principal repayments received on the real estate loan receivable (91 ) Amortization of closing costs and origination fees on the real estate loan receivable (3 ) Real estate loan receivable - September 30, 2016 $ 14,116 For the three and nine months ended September 30, 2016 and 2015 , interest income from the real estate loans receivable consisted of the following (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Contractual interest income $ 271 $ 686 $ 809 $ 3,428 Prepayment fee received on real estate loan receivable — 874 — 874 Amortization of closing costs and origination fees (1 ) (16 ) (3 ) (22 ) Interest income from real estate loans receivable $ 270 $ 1,544 $ 806 $ 4,280 As of September 30, 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	9 Months Ended
	Sep. 30, 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 nine months ended September 30, 2016 , the Company disposed of one office/flex property. During the year ended December 31, 2015 , the Company disposed of one office property. The results of operations for the properties sold during the nine months ended September 30, 2016 and the year ended December 31, 2015 are included in continuing operations on the Company’s consolidated statements of operations. As of September 30, 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 properties that were sold during the year ended December 31, 2015 and the three and nine months ended September 30, 2016 , which were included in continuing operations (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Revenues Rental income $ — $ 742 $ 1,093 $ 4,063 Tenant reimbursements — 288 311 1,090 Other operating income — — — 126 Total revenues — 1,030 1,404 5,279 Expenses Operating, maintenance, and management — 56 35 742 Real estate taxes and insurance — 138 266 698 Asset management fees to affiliate — 69 114 312 General and administrative expenses — 3 36 — Depreciation and amortization — 289 392 858 Interest expense — 172 484 923 Total expenses $ — $ 727 $ 1,327 $ 3,533 The following summary presents the major components of assets and liabilities related to real estate held for sale as of September 30, 2016 and December 31, 2015 (in thousands). No real estate properties were held for sale as of September 30, 2016 . September 30, 2016 December 31, 2015 Assets related to real estate held for sale Total real estate, at cost and net of impairment charges $ — $ 36,668 Accumulated depreciation and amortization — (7,927 ) Real estate held for sale, net — 28,741 Other assets — 3,669 Total assets $ — $ 32,410 Liabilities related to real estate held for sale Notes payable — 19,664 Total liabilities $ — $ 19,664

NOTES PAYABLE

NOTES PAYABLE	9 Months Ended
	Sep. 30, 2016
Notes Payable [Abstract]
NOTES PAYABLE	NOTES PAYABLE As of September 30, 2016 and December 31, 2015 , the Company’s notes payable, including notes payable related to real estate held for sale, consisted of the following (dollars in thousands): Book Value as of September 30, 2016 Book Value as of December 31, 2015 Contractual Interest Rate as of September 30, 2016 (1) Effective Interest Rate as of September 30, 2016 (1) Payment Type Maturity Date (2) Amended and Restated Portfolio Revolving Loan Facility (3) $ 52,638 $ 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% 2.2% Interest Only 03/15/2017 Portfolio Mortgage Loan #1 (5) 78,033 95,033 One-month LIBOR + 2.15% 2.7% Interest Only 01/27/2017 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) 95,000 78,000 One-month LIBOR + 2.05% 2.9% (8) 08/01/2017 Total notes payable principal outstanding $ 524,671 $ 547,471 Deferred financing costs, net (849 ) (1,394 ) Total notes payable, net $ 523,822 $ 546,077 _____________________ (1) Contractual interest rate represents the interest rate in effect under the loan as of September 30, 2016 . Effective interest rate is calculated as the actual interest rate in effect as of September 30, 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 September 30, 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 September 30, 2016 ; subject to certain conditions, the maturity dates of certain loans may be extended beyond the maturity date shown. (3) As of September 30, 2016 , the Amended and Restated Portfolio Revolving Loan Facility was secured by Pierre Laclede Center. On May 17, 2016, in connection with the disposition of the 350 E. Plumeria Building, the Company repaid $22.8 million of principal due under this loan and the 350 E. Plumeria Building was released as security from the Amended and Restated Portfolio Revolving Loan Facility. (4) On September 23, 2016, the Company entered into a second modification agreement to the loan agreement with the lender to, among other changes, modify the initial maturity date from September 15, 2016 to March 15, 2017. The Company may extend the maturity date to September 15, 2017, subject to certain conditions set forth in the second modification agreement. As of September 30, 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 September 30, 2016 , Portfolio Mortgage Loan #1 was secured by Horizon Tech Center, Granite Tower and Gateway Corporate Center. (6) On March 1, 2016, the Company entered into a modification agreement with the lender to reduce the loan commitment amount to $70.0 million . As of September 30, 2016 , the principal balance under Portfolio Mortgage Loan #3 consisted of the $42.0 million non-revolving portion and $12.0 million revolving portion. Also as of September 30, 2016 , $16.0 million of the total revolving capacity of $28.0 million remained unfunded and available for future disbursements, subject to certain terms and conditions contained in the loan documents. As of September 30, 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) On September 1, 2016, the Company entered into a second modification agreement with the lender to extend the maturity date from September 1, 2016 to August 1, 2017, with two six -month extension options or one one -year extension option, subject to certain conditions set forth in the second modification agreement. As of September 30, 2016 , the principal balance of the 300-600 Campus Drive Revolving Loan consisted of the $95.0 million non-revolving portion. The revolving portion of $25.0 million remained available for future disbursements, subject to certain terms and conditions contained in the loan documents. On the first day of each calendar quarter, commencing on October 1, 2016, and each succeeding January 1, April 1, July 1 and October 1 thereafter, the Company shall repay principal outstanding under the 300-600 Campus Drive Revolving Loan in equal installments of $375,000 . During the three and nine months ended September 30, 2016 , the Company incurred $4.1 million and $12.7 million of interest expense, respectively. During the three and nine months ended September 30, 2015 , the Company incurred $5.5 million and $17.9 million of interest expense, respectively. As of September 30, 2016 and December 31, 2015 , $1.2 million and $1.5 million , respectively, of interest expense were payable. Included in interest expense for the three and nine months ended September 30, 2016 were $0.6 million and $1.4 million of amortization of deferred financing costs, respectively. Included in interest expense for the three and nine months ended September 30, 2015 were $0.5 million and $1.6 million of amortization of deferred financing costs, respectively. As a result of unrealized gains on the Company’s interest rate swap agreements for the three months ended September 30, 2016 , interest expense was reduced by $0.1 million . Interest expense incurred as a result of the Company’s interest rate swap agreements for the nine months ended September 30, 2016 was $0.6 million . Interest expense incurred as a result of the Company’s interest rate swap agreements were $0.8 million and $3.6 million for the three and nine months ended September 30, 2015 , respectively. The following is a schedule of maturities, including principal amortization payments, for all notes payable outstanding as of September 30, 2016 (in thousands): October 1, 2016 through December 31, 2016 $ 375 2017 386,076 2018 2,750 2019 2,848 2020 132,622 $ 524,671 Certain of the Company’s notes payable contain financial debt covenants. As of September 30, 2016 , the Company was in compliance with these debt covenants.

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	9 Months Ended
	Sep. 30, 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 September 30, 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 September 30, 2016 December 31, 2015 Reference Rate as of September 30, 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) 3 $106,638 5 $265,488 One-month LIBOR/ 1.00% 0.6 _____________________ (1) During the nine months ended September 30, 2016 , two of the Company’s interest rate swaps expired and the Company partially terminated another interest rate swap agreement and paid a breakage fee of $0.2 million . As of September 30, 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 September 30, 2016 and December 31, 2015 (dollars in thousands): Derivative Instruments Balance Sheet Location September 30, 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 3 $ (258 ) 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 September 30, For the Nine Months Ended September 30, 2016 2015 2016 2015 Derivatives designated as hedging instruments (1) Amount of loss recognized on interest rate swaps (effective portion) $ — $ 134 $ 60 $ 1,446 — 134 60 1,446 Derivatives not designated as hedging instruments Realized loss recognized on interest rate swaps 164 1,224 671 3,164 Unrealized gains on interest rate swaps (245 ) (568 ) (321 ) (1,206 ) Losses related to swap terminations — — 156 170 (81 ) 656 506 2,128 (Decrease) increase in interest expense as a result of derivatives $ (81 ) $ 790 $ 566 $ 3,574 _____________________ (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	9 Months Ended
	Sep. 30, 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 September 30, 2016 and December 31, 2015 , which carrying amounts do not generally approximate the fair values (in thousands): September 30, 2016 December 31, 2015 Face Value Carrying Amount Fair Value Face Value Carrying Amount Fair Value Financial assets: Real estate loan receivable $ 14,110 $ 14,116 $ 14,343 $ 14,201 $ 14,210 $ 14,574 Financial liabilities: Notes payable $ 524,671 $ 523,822 $ 526,056 $ 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. As of September 30, 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 $ 258 $ — $ 258 $ —

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 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. The insurance program was renewed and is effective through June 30, 2017. During the three and nine months ended September 30, 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 and nine months ended September 30, 2016 and 2015 , respectively, and any related amounts payable as of September 30, 2016 and December 31, 2015 (in thousands): Incurred Payable as of Three Months Ended September 30, Nine Months Ended September 30, September 30, December 31, 2016 2015 2016 2015 2016 2015 Expensed Asset management fees $ 2,955 $ 2,999 $ 8,850 $ 9,107 $ — $ — Reimbursement of operating expenses (1) 71 63 217 142 107 49 Disposition fees (2) — — 423 1,239 — — $ 3,026 $ 3,062 $ 9,490 $ 10,488 $ 107 $ 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 $64,000 and $40,000 for the three months ended September 30, 2016 and 2015 , respectively, and $162,000 and $109,000 for the nine months ended September 30, 2016 and 2015 , respectively, and were the only type of employee costs reimbursed under the Advisory Agreement for the nine months ended September 30, 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. During the nine months ended September 30, 2016 , the Advisor reimbursed the Company $0.1 million for a property insurance rebate and $69,000 for legal and professional fees.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 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 September 30, 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	9 Months Ended
	Sep. 30, 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 October 3, 2016, the Company paid distributions of $4.4 million , which related to distributions declared for September 2016 in the amount of $0.02303279 per share of common stock to stockholders of record as of the close of business on September 20, 2016. On November 1, 2016, the Company paid distributions of $4.5 million , which related to distributions declared for October 2016 in the amount of $0.02380055 per share of common stock to stockholders of record as of the close of business on October 20, 2016. Distributions Declared On November 7, 2016, the Company’s board of directors declared a November 2016 distribution in the amount of $0.02303279 per share of common stock to stockholders of record as of the close of business on November 21, 2016, which the Company expects to pay in December 2016, and a December 2016 distribution in the amount of $0.02380055 per share of common stock to stockholders of record as of the close of business on December 20, 2016, which the Company expects to pay in January 2017.

SUMMARY OF SIGNIFICANT ACCOUN20

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 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 and nine months ended September 30, 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 nine months ended September 30, 2016 and 2015 , respectively. Distributions declared per common share were $0.070 and $0.210 in the aggregate for the three and nine months ended September 30, 2016 , respectively, and $0.074 and $0.219 in the aggregate for three and nine months ended September 30, 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 periods commencing January 2016 through September 2016 and January 2015 through September 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. Beginning with the reporting period commencing on January 1, 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.
Square Footage, Occupancy and Other Measures	Any references to square footage, occupancy or annualized base rent are unaudited and outside the scope of the Company’s independent registered public accounting firm’s review of the Company’s financial statements in accordance with the standards of the United States Public Company Accounting Oversight Board.
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. 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. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326) (“ASU No. 2016-13”). ASU No. 2016-13 affects entities holding financial assets and net investments in leases that are not accounted for at fair value through net income. The amendments in ASU No. 2016-13 require a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial asset(s) to present the net carrying value at the amount expected to be collected on the financial asset. ASU No. 2016-13 also amends the impairment model for available-for-sale securities. An entity will recognize an allowance for credit losses on available-for-sale debt securities as a contra-account to the amortized cost basis rather than as a direct reduction of the amortized cost basis of the investment, as is currently required. ASU No. 2016-13 also requires new disclosures. For financial assets measured at amortized cost, an entity will be required to disclose information about how it developed its allowance for credit losses, including changes in the factors that influenced management’s estimate of expected credit losses and the reasons for those changes. For financing receivables and net investments in leases measured at amortized cost, an entity will be required to further disaggregate the information it currently discloses about the credit quality of these assets by year of the asset’s origination for as many as five annual periods. For available for sale securities, an entity will be required to provide a roll-forward of the allowance for credit losses and an aging analysis for securities that are past due. ASU No. 2016-13 is effective for annual periods beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is still evaluating the impact of adopting ASU No. 2016-13 on its financial statements, but does not expect the adoption of ASU No. 2016-13 to have a material impact on its financial statements. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230), Classification of Certain Cash Receipts and Cash Payments (“ASU No. 2016-15”). ASU No. 2016-15 is intended to reduce diversity in practice in how certain transactions are classified in the statement of cash flows. The amendments in ASU No. 2016-15 provide guidance on eight specific cash flow issues, including the following that are or may be relevant to the Company: (a) Cash payments for debt prepayment or debt extinguishment costs should be classified as cash outflows for financing activities; (b) Cash payments relating to contingent consideration made soon after an acquisition’s consummation date (i.e., approximately three months or less) should be classified as cash outflows for investing activities. Payments made thereafter should be classified as cash outflows for financing activities up to the amount of the original contingent consideration liability. Payments made in excess of the amount of the original contingent consideration liability should be classified as cash outflows for operating activities; (c) Cash payments received from the settlement of insurance claims should be classified on the basis of the nature of the loss (or each component loss, if an entity receives a lump-sum settlement); (d) In the absence of specific guidance, an entity should classify each separately identifiable cash source and use on the basis of the nature of the underlying cash flows. For cash flows with aspects of more than one class that cannot be separated, the classification should be based on the activity that is likely to be the predominant source or use of cash flow. ASU No. 2016-15 is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The Company is still evaluating the impact of adopting ASU No. 2016-15 on its financial statements.

REAL ESTATE (Tables)

REAL ESTATE (Tables)	9 Months Ended
	Sep. 30, 2016
Real Estate [Abstract]
Schedule of Real Estate Investments	The following table summarizes the Company’s real estate portfolio as of September 30, 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 $ 137,577 $ (5,489 ) $ 132,088 300-600 Campus Drive Buildings 10/10/2008 Florham Park NJ Office 160,887 (8,975 ) 151,912 Willow Oaks Corporate Center 08/26/2009 Fairfax VA Office 103,153 (14,777 ) 88,376 Pierre Laclede Center 02/04/2010 Clayton MO Office 76,874 (6,361 ) 70,513 Horizon Tech Center 06/17/2010 San Diego CA Office 29,542 (1,281 ) 28,261 Union Bank Plaza 09/15/2010 Los Angeles CA Office 187,768 (13,308 ) 174,460 Emerald View at Vista Center 12/09/2010 West Palm Beach FL Office 30,789 (5,653 ) 25,136 Granite Tower 12/16/2010 Denver CO Office 155,004 (36,494 ) 118,510 Gateway Corporate Center 01/26/2011 Sacramento CA Office 43,327 (8,392 ) 34,935 Fountainhead Plaza 09/13/2011 Tempe AZ Office 119,384 (10,943 ) 108,441 Corporate Technology Centre 03/28/2013 San Jose CA Office 229,295 (27,164 ) 202,131 $ 1,273,600 $ (138,837 ) $ 1,134,763 _____________________ (1) Amounts presented are net of impairment charges.
Schedules of Concentration of Risk, by Risk Factor	As of September 30, 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 9.0% $ 16,804 12.3% $ 41.16 09/30/2016 / 04/30/2017 / 01/31/2022 _____________________ (1) Annualized base rent represents annualized contractual base rental income as of September 30, 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 September 30, 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 expired on September 30, 2016 and 31,946 rentable square feet will expire on April 30, 2017. As of September 30, 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 $ 202,131 15.5 % $ 18,537 $ 30.38 100 % Union Bank Plaza Los Angeles, CA 627,334 174,460 13.4 % 22,991 40.12 91 % 300-600 Campus Drive Buildings Florham Park, NJ 578,402 151,912 11.6 % 17,480 30.69 98 % 100 & 200 Campus Drive Buildings Florham Park, NJ 586,405 132,088 10.1 % 14,180 29.48 82 % _____________________ (1) Annualized base rent represents annualized contractual base rental income as of September 30, 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 September 30, 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 29 $ 30,297 22.2 % Computer System Design & Programming 10 19,980 14.7 % Mining, Oil & Gas Extraction 5 16,939 12.4 % Legal Services 36 14,839 10.9 % $ 82,055 60.2 % _____________________ (1) Annualized base rent represents annualized contractual base rental income as of September 30, 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 September 30, 2016 , the future minimum rental income from the Company’s properties under non-cancelable operating leases was as follows (in thousands): October 1, 2016 through December 31, 2016 $ 30,716 2017 123,469 2018 116,848 2019 102,658 2020 96,775 Thereafter 348,402 $ 818,868

TENANT ORIGINATION AND ABSORP22

TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES (Tables)	9 Months Ended
	Sep. 30, 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 September 30, 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 September 30, December 31, September 30, December 31, September 30, December 31, Cost $ 69,387 $ 72,877 $ 14,809 $ 15,375 $ (16,082 ) $ (20,436 ) Accumulated amortization (34,051 ) (28,543 ) (9,148 ) (7,779 ) 12,691 14,866 Net amount $ 35,336 $ 44,334 $ 5,661 $ 7,596 $ (3,391 ) $ (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 and nine months ended September 30, 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 September 30, For the Three Months Ended September 30, For the Three Months Ended September 30, 2016 2015 2016 2015 2016 2015 Amortization $ (2,811 ) $ (3,412 ) $ (606 ) $ (694 ) $ 571 $ 730 Tenant Origination and Absorption Costs Above-Market Lease Assets Below-Market Lease Liabilities For the Nine Months Ended September 30, For the Nine Months Ended September 30, For the Nine Months Ended September 30, 2016 2015 2016 2015 2016 2015 Amortization $ (9,116 ) $ (10,777 ) $ (1,935 ) $ (2,093 ) $ 2,179 $ 2,691

REAL ESTATE LOAN RECEIVABLE (Ta

REAL ESTATE LOAN RECEIVABLE (Tables)	9 Months Ended
	Sep. 30, 2016
Receivables [Abstract]
Schedule of Real Estate Loans Receivable	As of September 30, 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 September 30, 2016 (1) Book Value as of September 30, 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 $ 14,110 $ 14,116 $ 14,210 7.5% 7.6% 08/01/2018 _____________________ (1) Outstanding principal balance as of September 30, 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 September 30, 2016 .
Schedule of Activity Related to Real Estate Loans Receivable	The following summarizes the activity related to the real estate loan receivable for the nine months ended September 30, 2016 (in thousands): Real estate loan receivable - December 31, 2015 $ 14,210 Principal repayments received on the real estate loan receivable (91 ) Amortization of closing costs and origination fees on the real estate loan receivable (3 ) Real estate loan receivable - September 30, 2016 $ 14,116
Schedule of Interest Income from Real Estate Loans Receivable	For the three and nine months ended September 30, 2016 and 2015 , interest income from the real estate loans receivable consisted of the following (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Contractual interest income $ 271 $ 686 $ 809 $ 3,428 Prepayment fee received on real estate loan receivable — 874 — 874 Amortization of closing costs and origination fees (1 ) (16 ) (3 ) (22 ) Interest income from real estate loans receivable $ 270 $ 1,544 $ 806 $ 4,280

REAL ESTATE SALES (Tables)

REAL ESTATE SALES (Tables)	9 Months Ended
	Sep. 30, 2016
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Revenue and Expenses of Real Estate Disposed of by Sale	The following table summarizes certain revenue and expenses related to the Company’s real estate properties that were sold during the year ended December 31, 2015 and the three and nine months ended September 30, 2016 , which were included in continuing operations (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Revenues Rental income $ — $ 742 $ 1,093 $ 4,063 Tenant reimbursements — 288 311 1,090 Other operating income — — — 126 Total revenues — 1,030 1,404 5,279 Expenses Operating, maintenance, and management — 56 35 742 Real estate taxes and insurance — 138 266 698 Asset management fees to affiliate — 69 114 312 General and administrative expenses — 3 36 — Depreciation and amortization — 289 392 858 Interest expense — 172 484 923 Total expenses $ — $ 727 $ 1,327 $ 3,533
Schedule of Assets and Liabilities of Real Estate Held-for-Sale	The following summary presents the major components of assets and liabilities related to real estate held for sale as of September 30, 2016 and December 31, 2015 (in thousands). No real estate properties were held for sale as of September 30, 2016 . September 30, 2016 December 31, 2015 Assets related to real estate held for sale Total real estate, at cost and net of impairment charges $ — $ 36,668 Accumulated depreciation and amortization — (7,927 ) Real estate held for sale, net — 28,741 Other assets — 3,669 Total assets $ — $ 32,410 Liabilities related to real estate held for sale Notes payable — 19,664 Total liabilities $ — $ 19,664

NOTES PAYABLE (Tables)

NOTES PAYABLE (Tables)	9 Months Ended
	Sep. 30, 2016
Notes Payable [Abstract]
Schedule of Long-term Debt Instruments	As of September 30, 2016 and December 31, 2015 , the Company’s notes payable, including notes payable related to real estate held for sale, consisted of the following (dollars in thousands): Book Value as of September 30, 2016 Book Value as of December 31, 2015 Contractual Interest Rate as of September 30, 2016 (1) Effective Interest Rate as of September 30, 2016 (1) Payment Type Maturity Date (2) Amended and Restated Portfolio Revolving Loan Facility (3) $ 52,638 $ 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% 2.2% Interest Only 03/15/2017 Portfolio Mortgage Loan #1 (5) 78,033 95,033 One-month LIBOR + 2.15% 2.7% Interest Only 01/27/2017 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) 95,000 78,000 One-month LIBOR + 2.05% 2.9% (8) 08/01/2017 Total notes payable principal outstanding $ 524,671 $ 547,471 Deferred financing costs, net (849 ) (1,394 ) Total notes payable, net $ 523,822 $ 546,077 _____________________ (1) Contractual interest rate represents the interest rate in effect under the loan as of September 30, 2016 . Effective interest rate is calculated as the actual interest rate in effect as of September 30, 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 September 30, 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 September 30, 2016 ; subject to certain conditions, the maturity dates of certain loans may be extended beyond the maturity date shown. (3) As of September 30, 2016 , the Amended and Restated Portfolio Revolving Loan Facility was secured by Pierre Laclede Center. On May 17, 2016, in connection with the disposition of the 350 E. Plumeria Building, the Company repaid $22.8 million of principal due under this loan and the 350 E. Plumeria Building was released as security from the Amended and Restated Portfolio Revolving Loan Facility. (4) On September 23, 2016, the Company entered into a second modification agreement to the loan agreement with the lender to, among other changes, modify the initial maturity date from September 15, 2016 to March 15, 2017. The Company may extend the maturity date to September 15, 2017, subject to certain conditions set forth in the second modification agreement. As of September 30, 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 September 30, 2016 , Portfolio Mortgage Loan #1 was secured by Horizon Tech Center, Granite Tower and Gateway Corporate Center. (6) On March 1, 2016, the Company entered into a modification agreement with the lender to reduce the loan commitment amount to $70.0 million . As of September 30, 2016 , the principal balance under Portfolio Mortgage Loan #3 consisted of the $42.0 million non-revolving portion and $12.0 million revolving portion. Also as of September 30, 2016 , $16.0 million of the total revolving capacity of $28.0 million remained unfunded and available for future disbursements, subject to certain terms and conditions contained in the loan documents. As of September 30, 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) On September 1, 2016, the Company entered into a second modification agreement with the lender to extend the maturity date from September 1, 2016 to August 1, 2017, with two six -month extension options or one one -year extension option, subject to certain conditions set forth in the second modification agreement. As of September 30, 2016 , the principal balance of the 300-600 Campus Drive Revolving Loan consisted of the $95.0 million non-revolving portion. The revolving portion of $25.0 million remained available for future disbursements, subject to certain terms and conditions contained in the loan documents. On the first day of each calendar quarter, commencing on October 1, 2016, and each succeeding January 1, April 1, July 1 and October 1 thereafter, the Company shall repay principal outstanding under the 300-600 Campus Drive Revolving Loan in equal installments of $375,000 .
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 September 30, 2016 (in thousands): October 1, 2016 through December 31, 2016 $ 375 2017 386,076 2018 2,750 2019 2,848 2020 132,622 $ 524,671

DERIVATIVE INSTRUMENTS (Tables)

DERIVATIVE INSTRUMENTS (Tables)	9 Months Ended
	Sep. 30, 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 September 30, 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 September 30, 2016 December 31, 2015 Reference Rate as of September 30, 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) 3 $106,638 5 $265,488 One-month LIBOR/ 1.00% 0.6 _____________________ (1) During the nine months ended September 30, 2016 , two of the Company’s interest rate swaps expired and the Company partially terminated another interest rate swap agreement and paid a breakage fee of $0.2 million . As of September 30, 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 September 30, 2016 and December 31, 2015 (dollars in thousands): Derivative Instruments Balance Sheet Location September 30, 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 3 $ (258 ) 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 September 30, For the Nine Months Ended September 30, 2016 2015 2016 2015 Derivatives designated as hedging instruments (1) Amount of loss recognized on interest rate swaps (effective portion) $ — $ 134 $ 60 $ 1,446 — 134 60 1,446 Derivatives not designated as hedging instruments Realized loss recognized on interest rate swaps 164 1,224 671 3,164 Unrealized gains on interest rate swaps (245 ) (568 ) (321 ) (1,206 ) Losses related to swap terminations — — 156 170 (81 ) 656 506 2,128 (Decrease) increase in interest expense as a result of derivatives $ (81 ) $ 790 $ 566 $ 3,574 _____________________ (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)	9 Months Ended
	Sep. 30, 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 September 30, 2016 and December 31, 2015 , which carrying amounts do not generally approximate the fair values (in thousands): September 30, 2016 December 31, 2015 Face Value Carrying Amount Fair Value Face Value Carrying Amount Fair Value Financial assets: Real estate loan receivable $ 14,110 $ 14,116 $ 14,343 $ 14,201 $ 14,210 $ 14,574 Financial liabilities: Notes payable $ 524,671 $ 523,822 $ 526,056 $ 547,471 $ 546,077 $ 549,129
Schedule of Assets and Liabilities at Fair Value	As of September 30, 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 $ 258 $ — $ 258 $ —

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	9 Months Ended
	Sep. 30, 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 and nine months ended September 30, 2016 and 2015 , respectively, and any related amounts payable as of September 30, 2016 and December 31, 2015 (in thousands): Incurred Payable as of Three Months Ended September 30, Nine Months Ended September 30, September 30, December 31, 2016 2015 2016 2015 2016 2015 Expensed Asset management fees $ 2,955 $ 2,999 $ 8,850 $ 9,107 $ — $ — Reimbursement of operating expenses (1) 71 63 217 142 107 49 Disposition fees (2) — — 423 1,239 — — $ 3,026 $ 3,062 $ 9,490 $ 10,488 $ 107 $ 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 $64,000 and $40,000 for the three months ended September 30, 2016 and 2015 , respectively, and $162,000 and $109,000 for the nine months ended September 30, 2016 and 2015 , respectively, and were the only type of employee costs reimbursed under the Advisory Agreement for the nine months ended September 30, 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	9 Months Ended	12 Months Ended	35 Months Ended	101 Months Ended
	Sep. 30, 2016USD ($)loans-receivablepropertyshares	Dec. 31, 2015USD ($)shares	Mar. 22, 2011USD ($)shares	Sep. 30, 2016USD ($)loans-receivablepropertyshares
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 | property	11			11
Number of real estate loans receivable | loans-receivable	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 | $	$ 3,867	$ 5,814		$ 239,200
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	688,133	1,005,418		24,737,085
Redemptions of common stock, value | $	$ 7	$ 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 | property	10			10
Office Campus [Member]
Organizational Structure [Line Items]
Number of real estate properties | property	1			1
Office Buildings, Campus [Member]
Organizational Structure [Line Items]
Number of real estate properties | property	8			8

SUMMARY OF SIGNIFICANT ACCOUN30

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016segment$ / shares	Sep. 30, 2015$ / shares	Sep. 30, 2016$ / shares	Sep. 30, 2015$ / shares	Dec. 31, 2015segment
Accounting Policies [Abstract]
Distributions declared per common share (in dollars per share) | $ / shares	$ 0.070	$ 0.074	$ 0.210	$ 0.219
Number of reportable segments | segment	1				2

REAL ESTATE (Narrative) (Detail

REAL ESTATE (Narrative) (Details) ft² in Millions	Sep. 30, 2016ft²property
Real Estate Properties [Line Items]
Number of real estate properties	11
Occupancy	89.00%
Office Properties [Member]
Real Estate Properties [Line Items]
Number of real estate properties	10
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	5.1
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 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	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Real Estate Properties [Line Items]
Total Real Estate at Cost	$ 1,273,600	$ 1,255,094
Accumulated Depreciation and Amortization	(138,837)	(105,533)
Total real estate held for investment, net	1,134,763	$ 1,149,561
Office Properties [Member]
Real Estate Properties [Line Items]
Total Real Estate at Cost	1,273,600
Accumulated Depreciation and Amortization	(138,837)
Total real estate held for investment, net	$ 1,134,763
100 & 200 Campus Drive Buildings [Member] | Office Properties [Member]
Real Estate Properties [Line Items]
Date Acquired	Sep. 9, 2008
Total Real Estate at Cost	$ 137,577
Accumulated Depreciation and Amortization	(5,489)
Total real estate held for investment, net	$ 132,088
300-600 Campus Drive Buildings [Member] | Office Properties [Member]
Real Estate Properties [Line Items]
Date Acquired	Oct. 10, 2008
Total Real Estate at Cost	$ 160,887
Accumulated Depreciation and Amortization	(8,975)
Total real estate held for investment, net	$ 151,912
Willow Oaks Corporate Center [Member] | Office Properties [Member]
Real Estate Properties [Line Items]
Date Acquired	Aug. 26, 2009
Total Real Estate at Cost	$ 103,153
Accumulated Depreciation and Amortization	(14,777)
Total real estate held for investment, net	$ 88,376
Pierre Laclede Center [Member] | Office Properties [Member]
Real Estate Properties [Line Items]
Date Acquired	Feb. 4, 2010
Total Real Estate at Cost	$ 76,874
Accumulated Depreciation and Amortization	(6,361)
Total real estate held for investment, net	$ 70,513
Horizon Tech Center [Member] | Office Properties [Member]
Real Estate Properties [Line Items]
Date Acquired	Jun. 17, 2010
Total Real Estate at Cost	$ 29,542
Accumulated Depreciation and Amortization	(1,281)
Total real estate held for investment, net	$ 28,261
Union Bank Plaza [Member] | Office Properties [Member]
Real Estate Properties [Line Items]
Date Acquired	Sep. 15, 2010
Total Real Estate at Cost	$ 187,768
Accumulated Depreciation and Amortization	(13,308)
Total real estate held for investment, net	$ 174,460
Emerald View at Vista Center [Member] | Office Properties [Member]
Real Estate Properties [Line Items]
Date Acquired	Dec. 9, 2010
Total Real Estate at Cost	$ 30,789
Accumulated Depreciation and Amortization	(5,653)
Total real estate held for investment, net	$ 25,136
Granite Tower [Member] | Office Properties [Member]
Real Estate Properties [Line Items]
Date Acquired	Dec. 16, 2010
Total Real Estate at Cost	$ 155,004
Accumulated Depreciation and Amortization	(36,494)
Total real estate held for investment, net	$ 118,510
Gateway Corporate Center [Member] | Office Properties [Member]
Real Estate Properties [Line Items]
Date Acquired	Jan. 26, 2011
Total Real Estate at Cost	$ 43,327
Accumulated Depreciation and Amortization	(8,392)
Total real estate held for investment, net	$ 34,935
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	(10,943)
Total real estate held for investment, net	$ 108,441
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	(27,164)
Total real estate held for investment, net	$ 202,131

REAL ESTATE (Properties Represe

REAL ESTATE (Properties Represented More than 10% of Company’s Total Assets) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)ft²$ / ft²	Dec. 31, 2015USD ($)
Real Estate Properties [Line Items]
Total Real Estate, Net	$ 1,134,763	$ 1,149,561
Percentage of Total Assets	60.20%
Annualized Base Rent	$ 82,055
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	$ 202,131
Percentage of Total Assets	15.50%
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	$ 174,460
Percentage of Total Assets	13.40%
Annualized Base Rent	$ 22,991
Average Annualized Base Rent per Sq. Ft. | $ / ft²	40.12
Occupancy	91.00%
300-600 Campus Drive Buildings [Member] | Assets, Total [Member]
Real Estate Properties [Line Items]
Rentable Square Feet | ft²	578,402
Total Real Estate, Net	$ 151,912
Percentage of Total Assets	11.60%
Annualized Base Rent	$ 17,480
Average Annualized Base Rent per Sq. Ft. | $ / ft²	30.69
Occupancy	98.00%
100 & 200 Campus Drive Buildings [Member] | Assets, Total [Member]
Real Estate Properties [Line Items]
Rentable Square Feet | ft²	586,405
Total Real Estate, Net	$ 132,088
Percentage of Total Assets	10.10%
Annualized Base Rent	$ 14,180
Average Annualized Base Rent per Sq. Ft. | $ / ft²	29.48
Occupancy	82.00%

REAL ESTATE (Operating Leases)

REAL ESTATE (Operating Leases) (Narrative) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)tenant	Sep. 30, 2015USD ($)	Dec. 31, 2015USD ($)
Operating Leased Assets [Line Items]
Deferred rent recognized	$ 5,114	$ 3,880
Deferred rent receivables	59,000		$ 52,300
Unamortized lease incentives	$ 11,600		11,900
Number of tenants | tenant	250
Recorded bad debt expense related to tenant	$ 247	$ 148
Bad debt reserve	500
Other Liabilities, at Fair Value [Member]
Operating Leased Assets [Line Items]
Security deposit liability	$ 2,500		$ 2,400
Maximum [Member]
Operating Leased Assets [Line Items]
Operating lease, term	15 years 1 month 6 days
Bad debt reserve of annualized base rent	1.00%
Weighted Average [Member]
Operating Leased Assets [Line Items]
Operating lease, term	5 years 2 months 12 days

REAL ESTATE (Future Minimum Ren

REAL ESTATE (Future Minimum Rental Income) (Details) $ in Thousands	Sep. 30, 2016USD ($)
Real Estate [Abstract]
October 1, 2016 through December 31, 2016	$ 30,716
2,017	123,469
2,018	116,848
2,019	102,658
2,020	96,775
Thereafter	348,402
Future minimum rental income	$ 818,868

REAL ESTATE (Highest Tenant Ind

REAL ESTATE (Highest Tenant Industry Concentrations- Grater than 10% of Annual Base Rent) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)tenant
Concentration Risk [Line Items]
Number of Tenants | tenant	250
Annualized Base Rent | $	$ 82,055
Percentage of Annualized Base Rent	60.20%
Industry - Finance [Member]
Concentration Risk [Line Items]
Number of Tenants | tenant	29
Annualized Base Rent | $	$ 30,297
Percentage of Annualized Base Rent	22.20%
Industry - Computer System Design & Programming [Member]
Concentration Risk [Line Items]
Number of Tenants | tenant	10
Annualized Base Rent | $	$ 19,980
Percentage of Annualized Base Rent	14.70%
Industry - Mining, Oil & Gas Extraction [Member]
Concentration Risk [Line Items]
Number of Tenants | tenant	5
Annualized Base Rent | $	$ 16,939
Percentage of Annualized Base Rent	12.40%
Industry - Legal Services [Member]
Concentration Risk [Line Items]
Number of Tenants | tenant	36
Annualized Base Rent | $	$ 14,839
Percentage of Annualized Base Rent	10.90%

REAL ESTATE (Concentration of C

REAL ESTATE (Concentration of Credit Risk for Tenant Leases) (Details) $ in Thousands	Apr. 30, 2017ft²	Sep. 30, 2016USD ($)ft²$ / ft²
Real Estate Properties [Line Items]
Annualized Base Rent | $		$ 82,055
Union Bank Plaza [Member]
Real Estate Properties [Line Items]
Square Feet		408,260
% of Portfolio (Net Rentable Sq. Ft.)		9.00%
Annualized Base Rent | $		$ 16,804
% of Portfolio Annualized Base Rent		12.30%
Annualized Base Rent per Sq. Ft. | $ / ft²		41.16
Area of real estate property with expiration		33,602
Union Bank Plaza [Member] | Scenario, Forecast [Member]
Real Estate Properties [Line Items]
Area of real estate property with expiration	31,946

REAL ESTATE (Geographic Concent

REAL ESTATE (Geographic Concentration Risk) (Details)	9 Months Ended
	Sep. 30, 2016
Concentration Risk [Line Items]
Concentration risk, percentage	60.20%
California [Member] | Assets, Total [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	33.70%
New Jersey [Member] | Assets, Total [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	21.70%

REAL ESTATE (Impairment of Real

REAL ESTATE (Impairment of Real Estate) (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)ft²	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)ft²property
Investment [Line Items]
Impairment charge on real estate	$ 0	$ 18,596	$ 0	$ 23,082
Real Estate Held-for-Investment [Member]
Investment [Line Items]
Impairment charge on real estate				$ 4,500
Number of real estate properties included in impairment calculation | property				2
100 & 200 Campus Drive Buildings [Member]
Investment [Line Items]
Impairment charge on real estate		$ 18,600
Net Rentable Area Occupied | ft²		199,024		199,024
Net Rentable Area Occupied, Percent		34.00%		34.00%

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		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 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	$ 69,387		$ 69,387		$ 72,877
Tenant Origination and Absorption Costs, Accumulated amortization	(34,051)		(34,051)		(28,543)
Tenant Origination and Absorption Costs, Net amount	35,336		35,336		44,334
Tenant Origination and Absorption Costs, Amortization	(2,811)	$ (3,412)	(9,116)	$ (10,777)
Above-Market Lease Assets, Cost	14,809		14,809		15,375
Above-Market Lease Assets, Accumulated amortization	(9,148)		(9,148)		(7,779)
Above-Market Lease Assets, Net amount	5,661		5,661		7,596
Above-Market Lease Assets, Amortization	(606)	(694)	(1,935)	(2,093)
Below-Market Lease Liabilities, Cost	(16,082)		(16,082)		(20,436)
Below-Market Lease Liabilities, Accumulated amortization	12,691		12,691		14,866
Below-Market Lease Liabilities, Net amount	(3,391)		(3,391)		$ (5,570)
Below-Market Lease Liabilities, Amortization	$ 571	$ 730	$ 2,179	$ 2,691

REAL ESTATE LOAN RECEIVABLE (Sc

REAL ESTATE LOAN RECEIVABLE (Schedule of Real Estate Loans Receivable) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Book Value	$ 14,116	$ 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	$ 14,110
Book Value	$ 14,116	$ 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		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 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			(91)	$ (391)
Amortization of closing costs and origination fees on the real estate loan receivable	$ (1)	$ (16)	(3)	$ (22)
Real estate loan receivable - September 30, 2016	$ 14,116		$ 14,116

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		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Receivables [Abstract]
Contractual interest income	$ 271	$ 686	$ 809	$ 3,428
Prepayment fee received on real estate loan receivable	0	874	0	874
Amortization of closing costs and origination fees	(1)	(16)	(3)	(22)
Interest income from real estate loans receivable	$ 270	$ 1,544	$ 806	$ 4,280

REAL ESTATE SALES (Narrative) (

REAL ESTATE SALES (Narrative) (Details) - property	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Office/Flex Properties [Member]
Real Estate Properties [Line Items]
Number of real estate properties sold	1
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) - Disposed of by Sale [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Revenues
Rental income	$ 0	$ 742	$ 1,093	$ 4,063
Tenant reimbursements	0	288	311	1,090
Other operating income	0	0	0	126
Total revenues	0	1,030	1,404	5,279
Expenses
Operating, maintenance, and management	0	56	35	742
Real estate taxes and insurance	0	138	266	698
Asset management fees to affiliate	0	69	114	312
General and administrative expenses	0	3	36	0
Depreciation and amortization	0	289	392	858
Interest expense	0	172	484	923
Total expenses	$ 0	$ 727	$ 1,327	$ 3,533

REAL ESTATE SALES (Schedule of

REAL ESTATE SALES (Schedule of Assets and Liabilities Related to Real Estate Held for Sale) (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total liabilities	$ 0	$ 19,664
Held-for-sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total real estate, at cost and net of impairment charges	0	36,668
Accumulated depreciation and amortization	0	(7,927)
Real estate held for sale, net	0	28,741
Other assets	0	3,669
Total assets	0	32,410
Notes payable	0	19,664
Total liabilities	$ 0	$ 19,664

NOTES PAYABLE (Narrative) (Deta

NOTES PAYABLE (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Notes Payable [Abstract]
Interest expense	$ 4,066	$ 5,467	$ 12,727	$ 17,919
Interest payable, current	1,200		1,200		$ 1,500
Amortization of deferred financing costs	600	500	1,423	1,551
Additional interest expense related to the effective portion of cash flow hedges	$ (100)	$ (800)	$ (600)	$ (3,600)

NOTES PAYABLE (Schedule of Long

NOTES PAYABLE (Schedule of Long-term Debt Instruments) (Details)	Sep. 01, 2016extension	May 17, 2016USD ($)	Sep. 30, 2016USD ($)	Mar. 01, 2016USD ($)	Dec. 31, 2015USD ($)
Debt Instrument [Line Items]
Total notes payable principal outstanding			$ 524,671,000		$ 547,471,000
Deferred financing costs, net			(849,000)		(1,394,000)
Total notes payable, net			523,822,000		546,077,000
Debt instrument, face amount			524,671,000		547,471,000
Portfolio Revolving Loan [Member] | Mortgage [Member]
Debt Instrument [Line Items]
Total notes payable principal outstanding			$ 52,638,000		75,438,000
Effective Interest Rate			3.10%
Maturity Date			Jun. 21, 2017
Payoff of note payable		$ 22,800,000
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			$ 105,000,000		105,000,000
Effective Interest Rate			2.20%
Maturity Date			Mar. 15, 2017
Amount outstanding			$ 105,000,000
Unused borrowing capacity, amount			$ 14,300,000
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			$ 78,033,000		95,033,000
Effective Interest Rate			2.70%
Maturity Date			Jan. 27, 2017
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] | Mortgage [Member]
Debt Instrument [Line Items]
Total notes payable principal outstanding			$ 54,000,000		54,000,000
Effective Interest Rate			2.50%
Maturity Date			Mar. 1, 2017
Debt instrument, face amount				$ 70,000,000
Portfolio Mortgage Loan 3 [Member] | Mortgage [Member] | Non-Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Amount outstanding			$ 42,000,000
Portfolio Mortgage Loan 3 [Member] | Mortgage [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Amount outstanding			12,000,000
Unused borrowing capacity, amount			16,000,000
Debt instrument, face amount			$ 28,000,000
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			$ 140,000,000		140,000,000
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] | Mortgage [Member]
Debt Instrument [Line Items]
Total notes payable principal outstanding			$ 95,000,000		$ 78,000,000
Effective Interest Rate			2.90%
Maturity Date			Aug. 1, 2017
Periodic payment, principal			$ 375,000
300-600 Campus Drive Revolving Loan [Member] | Mortgage [Member] | Option One [Member]
Debt Instrument [Line Items]
Number of extensions | extension	2
Extension period	6 months
300-600 Campus Drive Revolving Loan [Member] | Mortgage [Member] | Option Two [Member]
Debt Instrument [Line Items]
Number of extensions | extension	1
Extension period	1 year
300-600 Campus Drive Revolving Loan [Member] | Mortgage [Member] | Non-Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Amount outstanding			95,000,000
300-600 Campus Drive Revolving Loan [Member] | Mortgage [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Borrowing capacity			$ 25,000,000
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	Sep. 30, 2016	Dec. 31, 2015
Notes Payable [Abstract]
October 1, 2016 through December 31, 2016	$ 375
2,017	386,076
2,018	2,750
2,019	2,848
2,020	132,622
Total notes payable, net	$ 524,671	$ 547,471

DERIVATIVE INSTRUMENTS (Notiona

DERIVATIVE INSTRUMENTS (Notional Amount and Fair Value) (Details) - Interest Rate Swap [Member] $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)investment	Dec. 31, 2015USD ($)investment
Derivative [Line Items]
Number of Instruments | investment	3	5
Notional Amount | $	$ 106,638	$ 265,488
Weighted-Average Fix Pay Rate	1.00%
Weighted-Average Remaining Term in Years	7 months 15 days
Number of instruments expired | investment	2
Termination, breakage fees | $	$ 200
Deferred Financing Costs, Prepaid Expenses and Other Assets, at Fair Value [Member]
Derivative [Line Items]
Number of Instruments | investment	0	2
Notional Amount | $	$ 0	$ 19
Other Liabilities, at Fair Value [Member]
Derivative [Line Items]
Number of Instruments | investment	3	3
Notional Amount | $	$ 258	$ 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		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Derivative [Line Items]
(Decrease) increase in interest expense as a result of derivatives	$ (81)	$ 790	$ 566	$ 3,574
Derivatives Designated as Hedging Instrument [Member]
Derivative [Line Items]
Amount of loss recognized on interest rate swaps (effective portion)	0	134	60	1,446
(Decrease) increase in interest expense as a result of derivatives	0	134	60	1,446
Derivatives Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Realized loss recognized on interest rate swaps	164	1,224	671	3,164
Unrealized gains on interest rate swaps	(245)	(568)	(321)	(1,206)
Losses related to swap terminations	0	0	156	170
(Decrease) increase in interest expense as a result of derivatives	$ (81)	$ 656	$ 506	$ 2,128

FAIR VALUE DISCLOSURES (Schedul

FAIR VALUE DISCLOSURES (Schedule of Face Value, Carrying Amounts and Fair Value) (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Real estate loan receivable, Face Value	$ 14,110,000	$ 14,201,000
Notes payable, Face Value	524,671,000	547,471,000
Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Real estate loans receivable, Value	14,116,000	14,210,000
Notes payable, Value	523,822,000	546,077,000
Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Real estate loans receivable, Value	14,343,000	14,574,000
Notes payable, Value	$ 526,056,000	$ 549,129,000

FAIR VALUE DISCLOSURES (Sched53

FAIR VALUE DISCLOSURES (Schedule of Assets and Liabilities at Fair Value) (Details) - Recurring Basis [Member] $ in Thousands	Sep. 30, 2016USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability derivatives	$ 258
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	258
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		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Related Party Transaction [Line Items]
Administrative fees	$ 64	$ 40	$ 162	$ 109
Advisor and Dealer Manager [Member]
Related Party Transaction [Line Items]
Expenses	3,026	3,062	9,490	10,488
Payable as of	107		107		$ 49
Advisor and Dealer Manager [Member] | Asset Management Fees [Member]
Related Party Transaction [Line Items]
Expenses	2,955	2,999	8,850	9,107
Payable as of	0		0		0
Advisor and Dealer Manager [Member] | Reimbursement of Operating Expenses [Member]
Related Party Transaction [Line Items]
Expenses	71	63	217	142
Payable as of	107		107		49
Advisor and Dealer Manager [Member] | Dispositon Fees [Member]
Related Party Transaction [Line Items]
Expenses	0	$ 0	423	$ 1,239
Payable as of	$ 0		$ 0		$ 0

RELATED PARTY TRANSACTIONS (Nar

RELATED PARTY TRANSACTIONS (Narrative) (Details) - KBS Capital Advisors LLC [Member] $ in Thousands	Sep. 30, 2016USD ($)
Property Insurance Rebate [Member]
Related Party Transaction [Line Items]
Due from related parties	$ 100
Legal and Professional Fees Reimbursement [Member]
Related Party Transaction [Line Items]
Due from related parties	$ 69

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($) $ / shares in Units, $ in Millions	Dec. 20, 2016	Nov. 21, 2016	Nov. 01, 2016	Oct. 03, 2016	Oct. 31, 2016	Sep. 30, 2016
Dividend Paid [Member]
Subsequent Event [Line Items]
Distribution rate per share per day, declared						$ 0.02303279
Dividend Declared [Member] | Scenario, Forecast [Member]
Subsequent Event [Line Items]
Distribution rate per share per day, declared	$ 0.02380055	$ 0.02303279
Subsequent Event [Member] | Dividend Paid [Member]
Subsequent Event [Line Items]
Paid distributions			$ 4.5	$ 4.4
Distribution rate per share per day, declared					$ 0.02380055