KBS Growth & Income REIT Increases Minimum Investment Amount to $25,000
NEWPORT BEACH, Calif. (November 5, 2018) – KBS Growth & Income REIT announced that its Board of Directors has approved an increase in the initial minimum investment in its ongoing private offering. The minimum initial investment for its offering will increase to $25,000 from $10,000, effective November 15, 2018. Investors who subscribe and invest before November 15, 2018 may invest at the $10,000 minimum amount.
“KBS is one of the first sponsors to offer a direct-access institutional quality real estate fund without any upfront fees or commissions and seeks to maintain high standards aligned with investor interests,” said KBS Chief Executive Officer Chuck Schreiber. “We believe that by offering investors direct access to monthly distributions and potential NAV growth through high-quality, diversified multi-tenant real estate opportunities, KBS Growth and Income REIT delivers a compelling offering that is unique in the marketplace.”
“Since Q4 2017, KBS is now making shares of KBS Growth and Income REIT available to accredited investors for direct purchase through KBSdirect.com,” said Lew Feldman, President of KBS Direct. “KBS Direct provides a convenient online process for accredited investors to participate in commercial real estate investments on par with large institutional investors. KBS Direct empowers the individual investor and its advisor to invest in institutional quality, professionally-managed, income-producing commercial real estate assets just as public pensions, sovereign wealth funds and large financial institutions enjoy.”
KBS is one of the largest owners of institutional quality commercial property in the U.S. and presently has over $11.4 billion in assets under management with a total transactional volume exceeding $38 billion. The KBS Growth & Income Fund is well established with assets in four major U.S. markets, Portland, Houston, Chicago and Orange County, Calif.
With as little as a $25,000 investment, investors can gain access to quality assets managed by the 8th largest office building owner in the world. Assets within the KBS Growth and Income REIT have been carefully vetted by KBS professionals with decades of commercial real estate experience in key markets across the country.
The increased minimum initial investment is for subscription agreements signed and submitted after November 15, 2018. All related documents and funds for an investment must be received by KBS no later than November 30, 2018 to process an investment at the initial minimum investment amount of $10,000. Once an investor has satisfied the minimum purchase requirement as of the date of initial investment, any additional purchase may be in the amount of $2,500 or more.
Investors can visit www.KBSDirect.com for more information on KBS, the KBS Growth & Income REIT and the underlying office building assets in the REIT. Investors can gain direct access to these institutional quality assets via KBSDirect.com.
About KBS Direct
KBSDirect.com is an online portal that empowers accredited investors to invest directly in professionally managed, institutional-quality real estate portfolios, offering access similar to that available to KBS’s institutional investors and partners. KBSDirect.com’s first direct share offering is KBS Growth & Income REIT, a $1.0 billion offering conducted under Rule 506(c) of Regulation D. Investors pay no up-front sales commissions and investors’ funds go directly into the REIT. KBS Growth & Income REIT is sponsored by KBS, which was ranked by National Real Estate Investor as the 8th largest commercial real estate company in the United States. (**The ranking by National Real Estate Investor is based on volume of office space owned globally, as of December 31, 2017. The results were generated from a survey conducted by National Real Estate Investor based on a combination of advertising and website promotion of the survey, direct solicitation of responses from participants, direct email to National Real Estate Investor subscribers and other identified office owners and daily newsletter promotion of the survey, all supplemented with a review of public company SEC filings.)
KBS Growth & Income REIT may fund distributions from any source including, without limitation, from offering proceeds or borrowings. Distributions paid to date have been funded in part with cash flow from operating activities, debt financing, including advances from KBS Growth & Income REIT’s advisor and cash available as a result of the deferral of the asset management fee by KBS Growth & Income REIT’s advisor. There are no guarantees that KBS Growth & Income REIT will continue to pay distributions.
KBS Holdings LLC intends to sponsor a public offering pursuant to Regulation A under the Securities Act of 1933, as amended. No money or other consideration is being solicited at this time with respect to such offering, and if sent in response to these materials for such an offering, it will not be accepted. No offer to buy securities can be accepted and no part of the purchase price can be received for an offering under Regulation A until an offering statement is qualified by the U. S. Securities and Exchange Commission, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. An indication of interest made by a prospective investor in a Regulation A offering is non-binding and involves no obligation or commitment of any kind. Securities Offered Through North Capital Private Securities, Member FINRA/SIPC.