KBS Strategic Opportunity REIT II Inc. filed a registration statement to offer up to $625.0 million of its common stock.
The registration covers a primary offering of $500.0 million in class A and class T shares on a best-efforts basis, and up to $125.0 million of class A and class T shares under its dividend reinvestment plan.
Pricing for the primary offering will be determined at a later date, with proceeds earmarked for the acquisition of real estate and real estate-related investments and to maintain a working capital reserve, among others. Meanwhile, the trust aims to utilize significantly all of the net proceeds from the sale of shares under its dividend reinvestment plan for general corporate purposes, including, share buybacks, financing of investments, fund obligations under property loan receivables and property acquisitions.