---
schema_version: "secwatch.filing_event.v1"
accession: "0001631256-23-000047"
form_type: "8-K"
ticker: null
cik: "0001631256"
company_name: "KBS Growth & Income REIT, Inc."
filed_at: "2023-12-06T23:59:59+00:00"
generated_at: "2026-06-07T17:06:54.353736+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# KBS Growth & Income REIT sells Chicago office property for $17M, repays $16.2M debt

## Summary
- Sold Institute Property (155,385 sq ft office building) for $17.0M, before ~$0.5M closing costs and $0.3M security deposit obligations transferred.
- Net proceeds used to repay $16.2M principal on Modified Term Loan; property released as security.
- Purchaser CP 213 Institute, LLC is an affiliate of Coastal Partners, unaffiliated with the company or advisor.
- Pro forma net assets unchanged at $990K; company remains on liquidation basis accounting.

## SEC filing metadata
- accession: 0001631256-23-000047
- form_type: 8-K
- cik: 0001631256
- company_name: KBS Growth & Income REIT, Inc.
- filed_at: 2023-12-06T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1631256/000163125623000047/0001631256-23-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1631256/000163125623000047/kbsgi-20231130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001631256-23-000047
- JSON: https://secwatch.observer/filing/0001631256-23-000047.json
- Plain text: https://secwatch.observer/filing/0001631256-23-000047.txt

## Key facts
- M&A Transactions
  KBS Growth & Income REIT, Inc. completed a disposition involving CP 213 Institute, LLC, an affiliate of Coastal Partners, LLC for $17.0 million (closed 2023-11-30).
  - Action: disposition
  - Counterparty: CP 213 Institute, LLC, an affiliate of Coastal Partners, LLC
  - Consideration: $17.0 million
  - Closing: 2023-11-30
  source text: On November 30, 2023, the Company completed the sale of the Institute Property for $17.0 million, before third-party closing costs and prorations of approximately $0.5 million and security deposit obligations transferred to the Purchaser of $0.3 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1631256/000163125623000047/0001631256-23-000047-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.