The cash tenderoffer by CMG Income Fund II LLC, CMG Acquisition Co. LLC and CMG PartnersLLC for up to 9,750,000 common shares of KBSReal Estate Investment Trust II Inc. at $3.30 apiece expired.

Shareholders tendered and the buyers accepted for payment roughly263,882.1497 shares. After buying all the tendered shares, the three CMG companieswill collectively own approximately 998,631.6 shares, or about 0.528% of KBS REITII's total outstanding shares.

In May, KBS REIT II's board recommended shareholders the tender offer, saying theoffer price was "significantly less" than the shares' current value.