An undisclosed buyer agreed to acquire Fountainhead Plaza in Tempe, Arizona from KBS Real Estate Investment Trust II, Inc. (OTCPK:KBRS) for approximately $120 million on August 9, 2021. Pursuant to the Fountainhead Plaza Agreement, the sale price for Fountainhead Plaza is $117.5 million, before closing credits as provided in the Fountainhead Plaza Agreement. The closing date is expected to be September 8, 2021. An unknown buyer completed the acquisition of Fountainhead Plaza in Tempe, Arizona from KBS Real Estate Investment Trust II, Inc. (OTCPK:KBRS) on September 20, 2021. In connection with the disposition of Fountainhead Plaza, KBS Real Estate Investment Trust paid down $61.5 million of the principal balance due under the Portfolio Loan Facility.