RC Acquisitions Cancels $280M Acquisition with KBS REIT II

September 27, 2017

RC Acquisitions Cancels $280M Acquisition with KBS REIT II

September 27, 2017 | Luke Schmidt | Blue Vault

Businessman using a financial app

On September 25, 2017, RC Acquisitions, LLC, a Pacific Reach Properties affiliate, exercised its right to terminate an agreement to purchase the Union Bank Plaza office building from KBS Real Estate Investment Trust II, Inc for $280 million.  The property is a 40-story office building containing 627,334 rentable square feet located at 445 South Figueroa Street in Los Angeles, California on approximately 3.7 acres of land.

RC Acquisitions entered into a purchase and sale agreement with KBS Real Estate Investment II on September 8, 2017, and had until November 3, 2017 to perform due diligence on the property.  As a result of this termination, RC Acquisitions will receive a refund of the funds deposited as earnest money towards the purchase price.



Learn more about KBS Capital Markets Group on the Blue Vault Sponsor Focus page.

Click Here



KBS REIT II to sell Los Angeles office tower for $280M

Cashing Out: KBS Looking to Liquidate Post-Recession Apartment REIT

KBS Legacy Partners Apartment REIT Announces Plans to Liquidate


Print Friendly, PDF & Email
Go Back
John E. Moriarty, ChFC
December 2015
February 3, 2016

I have been in the financial services industry for 20 years and our firm provides an education platform that gets clients to “think differently” about their financial picture.  For many years we have communicated to clients the need to diversify their portfolios using alternative asset classes and more specifically, private non-traded investments.  Due diligence on these types of financial vehicles is essential and when I learned about Blue Vault in 2010, our firm immediately began using their material as a tool to build confidence in the minds of our advisors on which alternatives to recommend to clients.  I am impressed with the way Blue Vault continues to add value to their subscribers and I view their publication as a tremendous resource in today’s complex world.