Online Platform Gives Accredited Investors No-Load Access to Institutional-Quality Real Estate Managed by One of the Nation’s Largest Commercial Real Estate Companies
The First Offering will be KBS Growth & Income REIT with a Targeted Asset Value of $1 Billion to $1.2 Billion
NEWPORT BEACH, Calif., Oct. 23, 2017 – KBS, one of the nation’s largest and most respected commercial real estate companies and ranked by National Real Estate Investor as the 11th largest commercial real estate company in the United States as of April 20, 2017, today debuted its direct-access online platform – KBSDirect.com – for accredited investors and advisors to invest in KBS Growth & Income REIT, a professionally managed portfolio of institutional-quality commercial real estate properties, with no load or upfront fees to investors. To date, the REIT already has three equity properties valued at approximately $150.4 million.
KBS created KBSDirect.com to provide accredited investors and advisors the opportunity to invest directly in KBS Growth & Income REIT, a tax-efficient vehicle with access to risk-adjusted return profiles similar to those enjoyed by KBS’s institutional clients for more than 25 years. With its 100% no-load feature and investor-aligned structure, KBS Growth & Income REIT provides accredited investors and advisors with a real estate investment vehicle that seeks to comply with the U.S. Department of Labor’s Fiduciary Rule.
“Across almost every investment sector, online platforms have increased transparency and reduced transaction costs,” commented KBS Chairman Peter Bren. “KBSDirect.com will save time for advisors and investors and opens a simplified, user-friendly direct investment portal. This technology is a mega-shift in the investment universe and makes KBS’s longstanding value proposition even more rapidly accessible and appealing to advisors and accredited investors with no upfront loads or commissions to investors.”
The first investment opportunity on the KBSDirect.com portal is KBS Growth & Income REIT Inc., a public reporting, nontraded real estate investment trust with a targeted asset value of $1 billion to $1.2 billion.
KBS CEO Chuck Schreiber said KBSDirect.com has leading-edge technology to eliminate upfront fees and commissions to investors.
“The innovative structure of KBS Growth & Income REIT offered on KBSDirect.com ensures that 100% of the investor’s capital will be invested directly into the REIT,” Schreiber said. “KBSDirect.com is consistent with our 25-year commitment to deliver investment products that are aligned with the best interests of our investors and that capitalize on our deep expertise and established track record in local real estate markets nationwide. KBS, a national real estate News in Focus Business & Money Science & Tech Lifestyle & Health Policy & Public Interest People & Culture Advanced Search company, will be one of the first institutional-grade sponsors to offer investors and advisors the opportunity to invest directly, through KBS’ online portal, in real estate investments similar to those that have been made available to KBS institutional investors for more than 25 years. These include public pension funds, corporate pension funds and sovereign wealth funds.”
Through KBSDirect.com, accredited investors can invest in commercial real estate managed by KBS and its experienced national teams of investment and operational professionals. KBS is one of the largest commercial real estate companies in the United States – with transactional volume from the organization’s inception of approximately $35 billion. KBS currently operates and manages 40.2 million square feet of office space with an aggregate value of approximately $11 billion.
Accredited investors in KBS Growth & Income REIT have the opportunity to participate in KBS’ national real estate platform, which targets well-located assets in markets with strong population and job growth. To date, KBS Growth & Income REIT has acquired three well-located office buildings with an estimated value of $150.4 million – in Irvine, CA, Houston, TX and Portland, OR – with additional properties in various stages of due diligence review. KBS Growth & Income REIT is currently in the final stages of due diligence with respect to the purchase of a seven-story Class A office
building located in Chicago, IL with a contract purchase price of $43.5 million. Upon closing this acquisition, the estimated value of KBS Growth & Income REIT’s real estate portfolio would be $193.9 million.
“KBS has national acquisition and asset management teams focused on creating value for our investors,” Schreiber said. “Through renovations, creative leasing programs, and outstanding brokerage relationships, our teams have been able to identify well-located properties and actively manage them in a way that seeks to benefit both our tenants and our investors. Through the KBSDirect.com portal we are offering these opportunities to accredited investors seeking a tax-efficient real estate portfolio with a national footprint.”
KBSDirect.com is an online portal that empowers accredited investors and advisors to invest directly in professionally managed institutional-quality real estate portfolios with access similar to KBS’s institutional investors and partners. KBSDirect.com’s first direct share offering is KBS Growth & Income REIT, a $500 million offering conducted under Rule 506(c) of Regulation D. Investors pay no up-front sales commissions and all investors’ funds go directly into real estate. KBS Growth and Income REIT is sponsored by KBS, which formed its first investment advisor in 1992 and is ranked by National Real Estate Investor as the 11th largest commercial real estate company in the United States as of April 20, 2017.