{"id":16004,"date":"2017-08-31T09:24:20","date_gmt":"2017-08-31T13:24:20","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&#038;p=16004"},"modified":"2017-08-31T09:24:54","modified_gmt":"2017-08-31T13:24:54","slug":"kbs-reit-ii-recommends-rejection-of-tender-offer","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/kbs-reit-ii-recommends-rejection-of-tender-offer\/","title":{"rendered":"KBS REIT II Recommends Rejection of Tender Offer"},"content":{"rendered":"<h1><strong>KBS REIT II Recommends Rejection of Tender Offer<\/strong><\/h1>\n<p>August 30, 2017 | James Sprow | Blue Vault<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-6742\" src=\"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2016\/05\/Featured-News-Image_0007_Financing_03.jpeg\" alt=\"stack coins, rising curve, symbol photo for increasing profits and rising costs\" width=\"312\" height=\"234\" srcset=\"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2016\/05\/Featured-News-Image_0007_Financing_03.jpeg 312w, https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2016\/05\/Featured-News-Image_0007_Financing_03-300x225.jpeg 300w\" sizes=\"(max-width: 312px) 100vw, 312px\" \/><\/p>\n<p>KBS Real Estate Investment Trust II Inc. is urging its stockholders to reject MacKenzie Realty Capital Inc.&#8217;s mini-tender offer for up to 2.5 million shares of the company&#8217;s common stock.<\/p>\n<p>The bidder is offering to buy the shares at $3.87 apiece, which the company said is substantially lower than the value of the shares, according to a filing. Blue Vault reports the latest NAV per share estimated by KBS REIT II was $5.49 as of December 14, 2016.<\/p>\n<p>The REIT has engaged Evercore Group LLC to act as the REIT\u2019s financial advisor to assist with the process of exploring strategic alternatives, including marketing some of the REIT\u2019s assets and thereafter adopt a plan of liquidation that would involve the sale of the REIT\u2019s remaining assets. The REIT states that it believes the tender offer \u201cis meant to take advantage of the illiquidity of the REIT\u2019s shares by buying shares at a price significantly below their fair value in order to make a significant profit.\u201d<\/p>\n<p>The shares subject to the offer represent about 1.33% of the company&#8217;s outstanding shares.<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-9843\" src=\"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2016\/11\/DidYouKnow_SponsorFocus-Green-300x25.jpg\" alt=\"didyouknow_sponsorfocus-green\" width=\"300\" height=\"25\" srcset=\"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2016\/11\/DidYouKnow_SponsorFocus-Green-300x25.jpg 300w, https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2016\/11\/DidYouKnow_SponsorFocus-Green.jpg 600w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>Learn more about KBS Capital Markets Group on the Blue Vault Sponsor Focus Page.<\/p>\n<p><a class=\"fasc-button fasc-size-medium fasc-type-flat\" style=\"background-color: #648c3e; color: #ffffff;\" href=\"https:\/\/qa.bluevaultpartners.com\/sponsor\/kbs\/\" target=\"_blank\" data-fasc-style=\"background-color:#648c3e;color:#ffffff;\">Click Here<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<div style=\"clear:both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>KBS REIT II Recommends Rejection of Tender Offer August 30, 2017 | James Sprow | Blue Vault KBS Real Estate Investment Trust II Inc. is urging its stockholders to reject &hellip; <\/p>\n<p><a href=\"https:\/\/qa.bluevaultpartners.com\/kbs-reit-ii-recommends-rejection-of-tender-offer\/\" class=\"read-more\">Read more<\/a><\/p>\n","protected":false},"author":1985,"featured_media":6742,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3010],"tags":[],"class_list":["post-16004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asset-manager-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - 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