CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012		Dec. 31, 2011
Assets
Real estate, net	$ 199,738		$ 107,752
Real estate loans receivable, net	71,034	[1]	0
Real estate securities ($0 and $46.4 million pledged under repurchase agreements as of September 30, 2012 and December 31, 2011, respectively)	24,213		58,602
Total real estate and real estate-related investments, net	294,985		166,354
Cash and cash equivalents	66,185		86,379
Investment in unconsolidated joint venture	7,926		0
Rents and other receivables, net	1,971		510
Above-market leases, net	2,960		2,846
Prepaid expenses and other assets	4,092		2,374
Total assets	378,119		258,463
Notes payable and repurchase agreements:
Notes payable	31,576		33,002
Repurchase agreements on real estate securities	0	[2]	30,201	[2]
Total notes payable and repurchase agreements	31,576		63,203
Accounts payable and accrued liabilities	5,247		2,235
Due to affiliates	4		31
Below-market leases, net	262		437
Security deposits and other liabilities	1,290		722
Total liabilities	38,379		66,628
Commitments and contingencies (Note 13)
Redeemable common stock	13,293		5,291
Equity
Preferred stock, $.01 par value; 10,000,000 shares authorized, no shares issued and outstanding	0		0
Common stock, $.01 par value; 1,000,000,000 shares authorized, 40,845,175 and 22,214,815 shares issued and outstanding as of September 30, 2012 and December 31, 2011, respectively	408		222
Additional paid-in capital	347,118		188,817
Cumulative distributions and net losses	(35,844)		(15,968)
Accumulated other comprehensive gain (loss)	232		(46)
Total KBS Strategic Opportunity REIT, Inc. stockholders' equity	311,914		173,025
Noncontrolling interests	14,533		13,519
Total equity	326,447		186,544
Total liabilities and stockholders’ equity	$ 378,119		$ 258,463

[1] Book value of the real estate loans receivable represents outstanding principal balance adjusted for unamortized acquisition discounts, origination fees and direct origination and acquisition costs.

[2] On July 11, 2012, the Company repaid in full the remaining principal balance and accrued interest due under the repurchase agreements.