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KBS Strategic Opportunity REIT details final self-tender offer results

KBS Strategic Opportunity REIT Inc. released the final results of its cash self-tender offer for up to 8,234,217 shares of its common stock at $10.93 per share, or about $90 million in the aggregate.

A total of roughly 9,900,861 shares were properly tendered and not withdrawn, based on the final count by DST Systems Inc., the depository, paying agent and information agent for the tender offer, which closed May 18.

The diversified real estate investment trust decided to boost the number of shares accepted for payment in the offer by up to 1,294,910 shares and accepted for purchase 9,527,724 shares at $10.93 apiece, or roughly $104.1 million in the aggregate.