# EDGAR Filing Document

**Accession Number:** 0001411059
**File Stem:** 0001411059-23-000024
**Filing Date:** 2023-3
**Character Count:** 6039
**Document Hash:** b4e27e56b0cf994a6bd48c827a078b5e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001411059-23-000024.hdr.sgml**: 20230323

**ACCESSION NUMBER**: 0001411059-23-000024

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 12

**CONFORMED PERIOD OF REPORT**: 20230321

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**FILED AS OF DATE**: 20230323

**DATE AS OF CHANGE**: 20230323

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** KBS Real Estate Investment Trust II, Inc.
- **CENTRAL INDEX KEY:** 0001411059
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **IRS NUMBER:** 260658752
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-53649
- **FILM NUMBER:** 23755676

**BUSINESS ADDRESS:**
- **STREET 1:** 800 NEWPORT CENTER DRIVE
- **STREET 2:** SUITE 700
- **CITY:** NEWPORT BEACH
- **STATE:** CA
- **ZIP:** 92660
- **BUSINESS PHONE:** 949-417-6500

**MAIL ADDRESS:**
- **STREET 1:** 800 NEWPORT CENTER DRIVE
- **STREET 2:** SUITE 700
- **CITY:** NEWPORT BEACH
- **STATE:** CA
- **ZIP:** 92660

?xml version="1.0" ? kbsrii-20230321

    

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

Washington, D.C. 20549

______________

**FORM 8-K**

______________

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of**

**The Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): March 21, 2023

**KBS REAL ESTATE INVESTMENT TRUST II, INC.**

(Exact Name of Registrant as Specified in Its Charter)

______________________________________________________

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| | | |
|:---|:---|:---|
| **Maryland** | **000-53649** | **26-0658752** |
| (State or Other Jurisdiction of Incorporation or Organization) | (Commission File Number) | (I.R.S. Employer Identification No.) |

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**800 Newport Center Drive, Suite 700**

**Newport Beach, California 92660**

(Address of principal executive offices)

Registrant's telephone number, including area code: **(949) 417-6500**

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered <br> <u>None</u> <u>N/A</u> <u>N/A</u>

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

    

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**ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT**

**Amendment of Purchase and Sale Agreement for Sale of Union Bank Plaza**

As previously disclosed, on July 20, 2022, KBS Real Estate Investment Trust II, Inc. (the "Company"), through an indirect wholly owned subsidiary, entered into a purchase and sale agreement and escrow instructions (the "Agreement") for the sale of Union Bank Plaza to WB Union Plaza Holdings LLC (the "Purchaser"), an affiliate of Waterbridge Capital. Union Bank Plaza is a 40-story office building located in Los Angeles, California containing 701,888 rentable square feet on approximately 3.7 acres of land. The Purchaser is unaffiliated with the Company or its advisor. Pursuant to the Agreement, the sale price for Union Bank Plaza was $155.0 million, subject to prorations and adjustments as provided in the Agreement.

As previously disclosed on Form 8-K, the Company and the Purchaser amended the Agreement on October 14, 2022, November 23, 2022, December 9, 2022, December 29, 2022, January 12, 2023, January 26, 2023, February 10, 2023, February 17, 2023, February 27, 2023, March 6, 2023 and March 16, 2023. On March 21, 2023, the Company, through an indirect wholly owned subsidiary, entered into a twelfth amendment to the Agreement (the "Twelfth Amended Agreement") with the Purchaser to extend the closing date to March 29, 2023 in connection with agreement to fund a $0.3 million non-refundable extension fee which would be credited towards the purchase price upon closing. Pursuant to the Twelfth Amended Agreement, if the sale closes by March 29, 2023, then the sale price for Union Bank Plaza is $155.0 million less a credit towards the purchase price of $13.0 million, and less other closing credits and adjustments.

There can be no assurance that the Company will complete the sale of Union Bank Plaza. The Purchaser would be obligated to purchase Union Bank Plaza only after satisfaction of agreed upon closing conditions. In certain circumstances, if the Purchaser fails to complete the acquisition, it may forfeit up to $13.3 million of earnest money, including the non-refundable extension fee.

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | **KBS REAL ESTATE INVESTMENT TRUST II, INC.** | **KBS REAL ESTATE INVESTMENT TRUST II, INC.** |
| Dated: March 23, 2023 | BY: | /s/ Jeffrey K. Waldvogel |
|  |  | **Jeffrey K. Waldvogel** |
|  |  | *Chief Financial Officer, Treasurer and Secretary* |

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