On November 8, 2023, the board of directors of KBS Growth & Income REIT, Inc. (the “REIT”) approved an updated estimated liquidation value per share of the REIT’s common stock of $0.10, which is equal to the REIT’s net assets in liquidation, divided by the number of shares outstanding, all as of September 30, 2023, and as disclosed in the Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 13, 2023.

The estimated liquidation value per share decreased from $0.14 to $0.10 due to the projected costs and expenses to be incurred during the estimated period required to complete the Plan of Liquidation. There is inherent uncertainty with these estimates and projections, as they have and could continue to change materially based on the timing of the disposition or transfer of the REIT’s remaining real estate properties, the performance for the REIT’s remaining assets and any changes in the underlying assumptions of the projected cash flows from such properties.

As communicated previously, the REIT expects to distribute all the net proceeds from the liquidation to its stockholders within 24 months from when the stockholders approved the liquidation on May 9, 2023.

The Form 10-Q report provides a description of the REIT’s accounting, policies and methodologies, limitations and assumptions used in the determination of the estimated liquidation value per share. To read the report, click Current Report on Form 10-Q.