KBS Strategic Opportunity REIT Acquires First Mortgage Loan Secured by Orlando, Fla., Office Portfolio - msnbc.com

ORLANDO, FL — KBS Strategic Opportunity REIT, a publicly offered, non-traded real estate investment trust based in Newport Beach, Calif., has announced the acquisition of a non-performing first mortgage loan collateralized by Primera/University Court, a three-building office portfolio in Orlando, Fla., totaling 106,672 square feet.

On July 2, 2012, the $15,750,000 mortgage loan was purchased at a discounted price of $8 million. As this is a non-performing loan, KBS Strategic Opportunity REIT does not expect to receive repayment of the entire principal balance.

Primera Court I and Primera Court II are twin, 31,840-square-foot buildings located in Lake Mary, Fla., 20 miles north of downtown Orlando. The buildings were completed in 1999 and 2000, respectively, and offer easy access to Interstate 4 and State Roads 417, 419 and 427.

The third building in the portfolio is the 42,992-square-foot University Court, situated blocks from the University of Central Florida campus in the University submarket of Orlando. The two-story building was developed in 2001 and is near State Roads 417, 408 and 50.

KBS Strategic Opportunity REIT is a public non-traded real estate investment trust that intends to invest in and manage a diverse portfolio of real estate-related loans, opportunistic real estate, real estate-related debt securities and other real estate-related investments. KBS Strategic Opportunity REIT was sponsored indirectly by Charles J. Schreiber, Jr., Peter Bren, Keith Hall and Peter McMillan III and is advised by KBS Capital Advisors LLC, an affiliated entity which is indirectly owned and controlled by KBS Strategic Opportunity REIT's sponsors.

About KBS
KBS is a private equity real estate company and SEC-registered investment advisor founded in 1992. Since its inception, KBS and its affiliated companies have completed transactional activity in excess of $22.4 billion via 14 separate accounts, six commingled funds, five sovereign wealth funds and five non-traded REITs. For information, visit www.kbscapital.com.

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including KBS Strategic Opportunity REIT's ability to invest in and manage a diverse portfolio. These statements are subject to known and unknown risks, uncertainties and other factors which may cause KBS Strategic Opportunity REIT's or Primera/University Court's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

© Marketwire 2012

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KBS Strategic Opportunity REIT Acquires First Mortgage Loan Secured by Orlando, Fla., Office Portfolio - msnbc.com

ORLANDO, FL — KBS Strategic Opportunity REIT, a publicly offered, non-traded real estate investment trust based in Newport Beach, Calif., has announced the acquisition of a non-performing first mortgage loan collateralized by Primera/University Court, a three-building office portfolio in Orlando, Fla., totaling 106,672 square feet.

On July 2, 2012, the $15,750,000 mortgage loan was purchased at a discounted price of $8 million. As this is a non-performing loan, KBS Strategic Opportunity REIT does not expect to receive repayment of the entire principal balance.

Primera Court I and Primera Court II are twin, 31,840-square-foot buildings located in Lake Mary, Fla., 20 miles north of downtown Orlando. The buildings were completed in 1999 and 2000, respectively, and offer easy access to Interstate 4 and State Roads 417, 419 and 427.

The third building in the portfolio is the 42,992-square-foot University Court, situated blocks from the University of Central Florida campus in the University submarket of Orlando. The two-story building was developed in 2001 and is near State Roads 417, 408 and 50.

KBS Strategic Opportunity REIT is a public non-traded real estate investment trust that intends to invest in and manage a diverse portfolio of real estate-related loans, opportunistic real estate, real estate-related debt securities and other real estate-related investments. KBS Strategic Opportunity REIT was sponsored indirectly by Charles J. Schreiber, Jr., Peter Bren, Keith Hall and Peter McMillan III and is advised by KBS Capital Advisors LLC, an affiliated entity which is indirectly owned and controlled by KBS Strategic Opportunity REIT's sponsors.

About KBS
KBS is a private equity real estate company and SEC-registered investment advisor founded in 1992. Since its inception, KBS and its affiliated companies have completed transactional activity in excess of $22.4 billion via 14 separate accounts, six commingled funds, five sovereign wealth funds and five non-traded REITs. For information, visit www.kbscapital.com.

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including KBS Strategic Opportunity REIT's ability to invest in and manage a diverse portfolio. These statements are subject to known and unknown risks, uncertainties and other factors which may cause KBS Strategic Opportunity REIT's or Primera/University Court's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

© Marketwire 2012

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Resource Real Estate Opportunity REIT, Inc. Acquires Bristol Apartments - Business Wire

REIT sponsored by Resource Real Estate, Inc. Buys 856-Unit Houston Property at 78 Percent Discount to Estimated Replacement Value¹

PHILADELPHIA--(BUSINESS WIRE)--Today, the Resource Real Estate Opportunity REIT, Inc., sponsored by Resource Real Estate, Inc. (“Resource Real Estate”), announces the purchase of Houston-based Bristol Apartments. Resource Real Estate is a national real estate firm specializing in opportunistic and value-add investing in, and financing of, commercial real estate assets with a particular emphasis on multifamily properties.

The property was a Real Estate Owned (REO) asset, meaning it was foreclosed upon and bank owned, and purchased by the Resource Real Estate Opportunity REIT, Inc. for $11.4 million. This represents a 78 percent discount to the property’s estimated replacement cost of $53 million. In August 2010, Fannie Mae foreclosed on the property which had an outstanding loan balance of $18.6 million, as reported by Trepp.² Trimont Real Estate Advisors, acting as special servicer on behalf of Fannie Mae, sold the asset.

Bristol Apartments includes 856 units, approximately 691,000 rentable square feet and has an occupancy level of approximately 52 percent. Resource Real Estate Opportunity REIT, Inc. plans to invest additional capital to improve the overall condition of the property in order to bring all units to leasable condition, stabilize the occupancy rates and increase the property’s value by making it cash flow positive. Exterior painting, landscaping and significant upgrades to the common areas will be made in an effort to enhance the property’s appeal and marketability. Property amenities include a clubhouse, swimming pool, fitness center and playground. Resource Real Estate manages 10 other properties in the greater Houston area, totaling over 3,000 units.

The acquisition of the Bristol Apartments – a distressed multifamily REO property experiencing operational and capital deficiencies and in need of stabilization – is a good example of the type of properties that the Resource Real Estate Opportunity REIT intends to acquire. Bristol Apartments has excellent visibility and proximity to strong employment bases in the area including the William P. Hobby Airport, the Port of Houston, various medical facilities and retail establishments including Wal-Mart, Target and Macy’s.

¹Replacement value is estimated using the Marshall & Swift Commercial Estimator. The replacement cost does not include any depreciation.

²Trepp is the leading provider of information, analytics and technology for the CMBS, commercial real estate and banking markets.

About Resource Real Estate

Resource Real Estate is a national real estate firm specializing in opportunistic and value-add investing in, and financing of, commercial real estate assets with a particular emphasis on multifamily properties. Resource Real Estate has a long history of investing, managing and resolving distressed and other complicated real estate investments.

Resource Real Estate currently has an ownership interest in and manages a real estate portfolio with an aggregate value of approximately $1.6 billion, which includes approximately 23,000 apartment units and 500,000 square feet of office, retail, industrial and hotel space located throughout the United States. Resource Real Estate has over 525 employees with primary offices located in Philadelphia, New York City, Los Angeles, Denver and Omaha.

Resource Real Estate is a wholly owned subsidiary of Resource America, Inc. (NASDAQ: REXI), a specialized asset manager. As of December 31, 2011, Resource America had $13.3 billion in assets under management.

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BearingPoint Acquires Business Analytics Software "Hypercube"

Euro Zone Finance Ministers to Rule on Greek Debt TalksReuters

Euro zone finance ministers will decide on Monday what terms of a Greek debt restructuring they'll accept as part …

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