Everest Completes tender for KBS Strategic Opportunity REIT

Everest REIT Investors I, LLC filed a tender offer statement on Scheddule TO on September 11, 2017, seeking to purchase 600,000 shares of KBS Strategic Opportunity REIT Inc at a price of $10.25 per share (69.21% of NAV)

The Offer to Purchase expired pursuant to its terms on October 10, 2017. The Purchaser received approximately 57,874 Shares(9.65% of targeted shares) that were validly tendered and not withdrawn. All tendered Shares were accepted for payment. Including such tendered Shares, the Purchaser and its affiliates will own a total of approximately 59,214 Shares. Source.

According to Mini-Tender Data, The median price of Everest REIT tender offers was 69% of NAV, and the median % of targeted shares actually tendered was 9.19%