secwatch.observer — SEC 8-K summary
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Issuer:     KBS Growth & Income REIT, Inc. (—)
CIK:        0001631256
Form:       8-K
Filed at:   2023-12-06T23:59:59+00:00
Accession:  0001631256-23-000047
Event type: other
Sentiment:  neutral
Materiality: 0.40
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1631256/000163125623000047/0001631256-23-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1631256/000163125623000047/kbsgi-20231130.htm
  HTML page:      https://secwatch.observer/filing/0001631256-23-000047

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