<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0603</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001317046</cik>
        <entityName>Bailard Real Estate Investment Trust II, Inc.</entityName>
        <issuerAddress>
            <street1>950 TOWER LANE</street1>
            <street2>SUITE 1900</street2>
            <city>FOSTER CITY</city>
            <stateOrCountry>CA</stateOrCountry>
            <zipCode>94404</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>650-571-5800</issuerPhoneNumber>
        <jurisdictionOfInc>MARYLAND</jurisdictionOfInc>
        <edgarPreviousNameList>
            <previousName>Bailard Real Estate Investment Trust II Inc</previousName>
        </edgarPreviousNameList>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2005</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Thomas</firstName>
                <middleName>E.</middleName>
                <lastName>Bailard</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Bailard, Inc.</street1>
                <street2>950 Tower Lane, Suite 1900</street2>
                <city>Foster City</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>94404</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Barbara</firstName>
                <middleName>V.</middleName>
                <lastName>Bailey</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Bailard, Inc.</street1>
                <street2>950 Tower Lane, Suite 1900</street2>
                <city>Foster City</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>94404</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Michelle</firstName>
                <middleName>L.</middleName>
                <lastName>Foss</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Bailard, Inc.</street1>
                <street2>950 Tower Lane, Suite 1900</street2>
                <city>Foster City</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>94404</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Charles</firstName>
                <lastName>Crocker</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Crocker Capital</street1>
                <street2>One Post Street, Suite 2515</street2>
                <city>San Francisco</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>94104</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Laurance</firstName>
                <middleName>R.</middleName>
                <lastName>Hoagland</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>115 Fox Hollow Road</street1>
                <city>Woodside</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>94062</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Brad</firstName>
                <lastName>Blake</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Blake Hunt Ventures</street1>
                <street2>390 Railroad Ave, Suite 200</street2>
                <city>Danville</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>94526</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>D.</firstName>
                <middleName>Wylie</middleName>
                <lastName>Greig</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1969 Barbara Drive</street1>
                <city>Palo Alto</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>94303</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Bailard,</firstName>
                <lastName>Inc.</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>950 Tower Lane, Suite 1900</street1>
                <city>Foster City</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>94404</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Bailard, Inc. helped organize this REIT.</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>REITS and Finance</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0000935457-09-000005</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2005-01-19</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>75000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>500000000</totalOfferingAmount>
            <totalAmountSold>83882022</totalAmountSold>
            <totalRemaining>416117978</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>true</hasNonAccreditedInvestors>
            <numberNonAccreditedInvestors>0</numberNonAccreditedInvestors>
            <totalNumberAlreadyInvested>138</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Bailard Real Estate Investment Trust II, Inc.</issuerName>
                <signatureName>Barbara V. Bailey</signatureName>
                <nameOfSigner>Barbara V. Bailey</nameOfSigner>
                <signatureTitle>Treasurer and Secretary</signatureTitle>
                <signatureDate>2010-03-11</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
