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Tender offer for KBS Strategic Opportunity REIT shares expires

The tender offer by Everest REIT Investors I LLC to acquire 300,000 of KBS Strategic Opportunity REIT Inc.'s shares expired May 14.

Everest REIT received about 50,291 shares in the offer, at $7.75 per share, bringing the total number of shares it owns, along with its affiliates, in KBS to about 133,108, representing 0.2% of the company's outstanding shares.