April 23, 2017 3:52 PM ET

Equity Real Estate Investment Trusts (REITs)

Company Overview of KBS Strategic Opportunity REIT, Inc.

Company Overview

KBS Strategic Opportunity REIT, Inc., through KBS Strategic Opportunity Limited Partnership, invests in and manages a portfolio of real estate-related investments. Its investments include real estate-related loans, including first and second mortgage loans, mezzanine loans, B-Notes, bridge loans, convertible mortgages, wraparound mortgage loans, construction mortgage loans, and participations in such loans; and real estate-related debt securities, such as commercial and residential mortgage-backed securities, and collateralized debt obligations. The company also invests a portion its initial public offering proceeds in real property, which include office, industrial and retail properties, ho...

620 Newport Center Drive

Suite 1300

Newport Beach, CA 92660

United States

Founded in 2008

Phone:

949-417-6500

Fax:

949-417-6518

Key Executives for KBS Strategic Opportunity REIT, Inc.

Chief Executive Officer and Director
Age: 58
Chairman and President
Age: 59
Co-Founder
Age: 82
Co-Founder
Age: 65
Chief Financial Officer, Secretary and Treasurer
Age: 44
Compensation as of Fiscal Year 2016.

KBS Strategic Opportunity REIT, Inc. Key Developments

KBS Strategic Opportunity REIT, Inc. Declares Dividend, Payable on or about December 15, 2016

On December 8, 2016, the board of directors of KBS Strategic Opportunity REIT, Inc. authorized a distribution in the amount of $0.09426230 per share of common stock to stockholders of record as of the close of business on December 8, 2016. The company expects to pay this distribution on or about December 15, 2016.

KBS Strategic Opportunity REIT, Inc. Enters into Two-Year Secured Mortgage Loan with Royal Bank of Canada

On October 14, 2016, KBS Strategic Opportunity REIT, Inc. entered into a two-year secured mortgage loan with Royal Bank of Canada for borrowings of up to $115.5 million secured by 353 Sacramento (the 353 Sacramento Mortgage Loan). As of October 14, 2016, $85.5 million had been disbursed to the company with the remaining $30.0 million available for future disbursements to be used for tenant improvements, leasing commissions and capital improvements, subject to certain terms and conditions contained in the loan documents. The 353 Sacramento Mortgage Loan matures on October 14, 2018 with three one-year extension options, subject to certain conditions contained in the loan documents and the payment of an extension fee of 0.25% of the outstanding principal balance with respect to the second and third extension options. The 353 Sacramento Mortgage Loan bears interest at a floating rate of 275 basis points over one-month LIBOR. The borrower entered into an interest rate cap that effectively limits one-month LIBOR on $115.5 million of the outstanding loan balance at 3.00% effective October 14, 2016 through October 14, 2018. Monthly payments are interest-only with the entire unpaid principal balance and all outstanding interest and fees due at maturity. The Company has the right to prepay the loan in whole at any time or in part from time to time to the extent necessary, subject to the payment of certain expenses potentially incurred by the lender as a result of the prepayment, the payment of a prepayment premium and certain other conditions contained in the loan documents.

KBS Strategic Opportunity REIT, Inc. Declares Dividend, Payable on or About September 22, 2016

On September 15, 2016, the board of directors of KBS Strategic Opportunity REIT, Inc. authorized a distribution in the amount of $0.09426230 per share of common stock to stockholders of record as of the close of business on September 16, 2016. The company expects to pay this distribution on or about September 22, 2016.

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