KBS Legacy Partners Apartment REIT

CASH DISTRIBUTION HISTORY*

*On March 20, 2012, the board of directors of KBS REIT I approved the suspension of monthly distribution payments. Effective April 10, 2012, KBS REIT I terminated its dividend reinvestment plan. See KBS REIT I’s Annual Report on Form 10-K for the year ended December 31, 2011 filed with the SEC for more information. KBS REIT I’s organizational documents do not restrict it from paying distributions from any source and do not restrict the amount of distributions it may pay from any source. Distributions paid from sources other than current or accumulated earnings and profits may constitute a return of capital.

Distributions had been paid monthly and were calculated based on stockholders of record each day during the periods and equal a daily amount that, if paid each day for a 365-day period, would have equaled a 7.0% or a 5.25% annualized rate based on a purchase price of $10.00 per share in KBS REIT I’s now-terminated primary initial public offering. There is no assurance that KBS REIT I will declare and pay distributions in the future. Distributions paid during this time period were funded with 77% from operating cash flows and 23% from debt financing and proceeds from sale of assets.

SPECIAL DISTRIBUTIONS**

**The November 2013 special distribution was funded from the proceeds from the sales of real estate and cash flow from operations and the December 2015 special distribution was funded from the proceeds from the sales of real estate.

RECENT DISTRIBUTIONS***

***Distributions paid from September 2014 through December 2016 have been funded with cash flow from operations.

****On March 10, 2017, the KBS REIT I Board of Directors authorized an initial liquidating distribution in the amount of $1.00 per share of common stock to the REIT’s stockholders of record as of the close of business on March 21, 2017. The initial liquidating distribution was paid on or about March 24, 2017, and was funded from proceeds from asset sales.