Park Place Village, Leawood, KS
KBS Legacy Partners Apartment REIT
Closed On March 31, 2014
KBS Legacy Partners Apartment REIT is a non-traded Real Estate Investment Trust (REIT) that closed its initial public offering on March 12, 2013, and it’s follow-on public offering on March 31, 2016
In 2010, KBS joined forces with Legacy Partners, a leader in the acquisition and management of multi-family properties since 1968, to form KBS Legacy Partners Apartment REIT, a non-traded Real Estate Investment Trust (REIT) with an investment strategy that seeks income, growth and capital preservation through apartment assets.
During its offering, KBS Legacy Partners Apartment REIT acquired high-quality core apartment communities throughout the United States by investing in apartment buildings that were already well-positioned and producing income at acquisition.
Pursuant to the plan of liquidation, on December 17, 2018, KBS Legacy Partners Apartment REIT, Inc.’s (the Company”) board of directors authorized a Final Liquidating Distribution in the amount of $0.26492767 per share of common stock of the Company’s stockholders of record as of the close of business on December 17, 2018 (the “Final Liquidating Distribution”). The Final Liquidating Distribution was funded from the remaining net proceeds from the Company’s reserve fund established by the company pursuant to the Plan of Liquidation. The final distribution was paid on or about December 20, 2018. Following the payment of the Final Liquidating Distribution, all shares of the Company’s outstanding common stock was cancelled and no longer deemed to be outstanding and all rights of the holders thereof as stockholders has ceased and terminated. The Company filed the appropriate notification with the Securities and Exchange Commission to fully terminate its obligations under the U.S. securities laws.