secwatch.observer — SEC 8-K summary
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Issuer:     KBS Growth & Income REIT, Inc. (—)
CIK:        0001631256
Form:       8-K
Filed at:   2024-04-12T23:59:59+00:00
Accession:  0001631256-24-000006
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

KBS Growth & Income REIT sells The Offices at Greenhouse for $18.3M, expects discounted loan payoff
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- Sale price of $18.3M to unaffiliated Red River Asset Management; closing expected by May 17, 2024.
- Modified term loan of $36.0M with JP Morgan can be paid off at discount using net sale proceeds.
- Loan maturity extended to May 31, 2024 via Fourth Modification Agreement.
- If sale fails, discounted payoff terminates and full $36.0M loan remains outstanding.
- Purchaser may forfeit up to $0.8M if it fails to complete acquisition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1631256/000163125624000006/0001631256-24-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1631256/000163125624000006/kbsgi-20240405.htm
  HTML page:      https://secwatch.observer/filing/0001631256-24-000006

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