KBS REIT II is a non-traded Real Estate Investment Trust (REIT) that closed its initial public offering on December 31, 2010. KBS REIT II used a “hybrid” real estate investment strategy by acting as both an owner of real property and as a lender. As a result, KBS REIT II acquired a diversified blend of Class A office and industrial properties in major metropolitan markets, as well as real estate-related loans. The strategy of KBS REIT II was intended to provide increased risk management as well as broad portfolio diversification by property type, geographical region, investment size, and investment risk.

Pursuant to the terms of KBS REIT II’s Plan of Liquidation, on April 25, 2023, the board of directors authorized a final liquidating distribution in the amount of $0.73433444 per share of common stock to the stockholders of record as of the close of business on April 25, 2023 (the “Final Liquidating Distribution”). The Final Liquidating Distribution was funded from proceeds from the sale of Union Bank Plaza which closed on March 30, 2023, and the remaining net proceeds from KBS REIT II’s liquidation. KBS REIT II paid the Final Liquidating Distribution on April 28, 2023. Following the payment of the Final Liquidating Distribution, all shares of the Company’s outstanding common stock will be cancelled and no longer deemed to be outstanding and all rights of the holders thereof as stockholders will cease and terminate. In addition, KBS REIT II will file appropriate notification with the Securities and Exchange Commission to fully terminate its obligations under the U.S. securities laws.