{"schema_version":"secwatch.filing_event.v1","accession":"0001631256-23-000032","form_type":"8-K","ticker":null,"cik":"0001631256","company_name":"KBS Growth & Income REIT, Inc.","filed_at":"2023-07-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.619350+00:00","generated_at":"2026-06-13T04:14:43.251894+00:00","sec_items":["2.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"KBS Growth & Income REIT loses Commonwealth Building to foreclosure; $47.8M debt extinguished","bullets":["Commonwealth Building in Portland sold at public auction on July 18, 2023 to buyer affiliated with lender Metropolitan Life Insurance Company.","Property had $47.8M outstanding debt; building valued below that amount due to reduced rent and occupancy and weak Portland market conditions.","Pro forma balance sheet as of March 31, 2023 shows removal of $37.3M net real estate and $47.8M notes payable, resulting in positive stockholders' equity.","Pro forma net loss for year ended 2022 improves from $19.9M to $13.1M after excluding Commonwealth Building operations of $4.1M rental income and $1.7M interest."],"urls":{"canonical":"https://secwatch.observer/filing/0001631256-23-000032","json":"https://secwatch.observer/filing/0001631256-23-000032.json","markdown":"https://secwatch.observer/filing/0001631256-23-000032.md","text":"https://secwatch.observer/filing/0001631256-23-000032.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1631256/000163125623000032/0001631256-23-000032-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1631256/000163125623000032/kbsgi-20230718.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T04:14:43.251894+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"61d7487c5b4bfcc617df1bec228a1698eca4eaea","claim":"KBS Growth & Income REIT, Inc. completed a disposition involving a buyer affiliated with the Commonwealth Lender (closed 2023-07-18).","evidence_excerpt":"On July 18, 2023, the Commonwealth Building was sold at public auction in a foreclosure sale to a buyer affiliated with the Commonwealth Lender and all interest in the Commonwealth Building was transferred to the buyer on that date.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1631256/000163125623000032/0001631256-23-000032-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"a buyer affiliated with the Commonwealth Lender"},{"label":"Closing","value":"2023-07-18"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}