KBS Real Estate Investment Trust II Inc
KBS Real Estate Investment Trust II — Corporate Update (August 2021)
13 slides from KBS Real Estate Investment Trust II's corporate update, Aug 26, 2021
Slide 1: Portfolio Update Meeting August 26, 2021
1 Portfolio Update Meeting August 26, 2021
Slide 2: Forward-looking statements disclaimer
W W W . K B S . C O M The information contained herein should be read in conjunction with, and is qualified by, the information in KBS Real Estate Investment Trust II’s (the “Company” or “KBS REIT II”) Annual Report on Form 10-K for the year ended December 31, 2020 (the “Annual Report”), and in the
Slide 3: COVID-19 and risk factors disclaimer
W W W . K B S . C O M The COVID-19 pandemic, together with the resulting measures imposed to help control the spread of the virus, has had a negative impact on the economy and business activity globally. The COVID-19 pandemic is negatively impacting almost every industry, including the U.S. office r
Slide 4: COVID-19: Return to Office
W W W . K B S . C O M COVID-19: Return to Office 4 To provide some clarity on the issues facing American businesses, Kastle Systems has been studying keycard and FOB fob and access data from 2,600 buildings and 41,000 businesses. The analysis is based on anonymized data to identify trends in how Ame
Slide 5: Rent relief and rent collections
W W W . K B S . C O M Since April 1, 2020, a number of tenants have requested rent relief, most in the form of rent deferrals or abatement. Depending upon the duration of the pandemic, the various measures imposed to help control the spread of the virus and the corresponding economic slowdown, these
Slide 6: Liquidation Update & Liquidating Distributions
W W W . K B S . C O M 6 Liquidation Update & Liquidating Distributions Liquidation Distribution History as of June 30, 2021 Amount Record Date Payment Date 1st Liquidating Distribution $0.75 March 5, 2020 March 10, 2020 2nd Liquidating Distribution $0.25 August 3, 2020 August 7, 2020 3rd Liquidating
Slide 7: Estimated range of remaining liquidating distributions and net assets in liquidation
W W W . K B S . C O M 7 On March 11, 2021, our board of directors approved an estimated range of remaining liquidating distributions per share as of December 31, 2020 of $1.91 to $2.24 1. When the March 11, 2021 estimated range of remaining liquidating distributions per share is added to aggregate l
Slide 8: Portfolio Overview
W W W . K B S . C O M Portfolio Overview Geographic Diversification2 1 Leased occupancy includes future leases that had been executed but had not yet commenced as of June 30, 2021. 2 Based on occupied square feet as of June 30, 2021. Occupied SF Expirations as of June 30, 2021 Key Statistics Leased
Slide 9: Tenancy Overview
W W W . K B S . C O M Tenancy Overview As of June 30, 2021 Industry Diversification1 1 Based on occupied square feet as of June 30, 2021. 2 Includes various other industries that individually represent less than 3%. 9 Top 10 Tenants Industry Property Occupied SF % of Portfolio The University of Phoe
Slide 10: Property Updates
W W W . K B S . C O M 10 Property Updates
Slide 11: KBS REIT II Disposition Update
W W W . K B S . C O M 11 KBS REIT II Disposition Update Willow Oaks Corporate Center Fairfax, VA Size: 584,147 square feet Status: Currently being marketed for sale. Granite Tower Denver, CO Size: 593,527 square feet Status: Purchase and sale agreement has been signed with a sales price at $203.5M (
Slide 12: Liquidation Timeline
W W W . K B S . C O M Liquidation Timeline Substantially complete liquidation within 24 months from March 5, 2020, the day our stockholders approved the Plan of Liquidation. 12 Obtain Shareholder vote on liquidation - completed on March 5, 2020. Made 1st ,2nd and 3rd liquidating distributions in Mar
Slide 13: Q&A
13 Q&A For additional questions, contact KBS Capital Markets Group Investor Relations (866) 527-4264
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