KBS Growth & Income Real Estate Investment Trust, a professionally managed portfolio of institutional-quality commercial real estate properties available to accredited investors and advisors through the new KBSDirect.com portal – recently announced its estimated Net Asset Value (NAV) per share of $8.79 as of Dec. 8, 2017, an increase of $0.04 per share from its previous estimated NAV per share of $8.75 as of Aug. 9, 2017, the company announced in a release.
“We are pleased with the performance of KBS Growth & Income Real Estate Investment Trust, the first offering on our new KBS Direct direct-investment platform,” KBS CEO Charles J. Schreiber said in the release. “Our increase in value in such a relatively short period is a reflection of our local market expertise and our active asset management philosophy. Acquiring signature properties in great locations with strong job growth and making targeted improvements helps return value to our investors.”
KBS Growth & Income Real Estate Investment Trust currently includes four institutional-quality office properties in Irvine, Calif., Portland, Ore., Chicago, Ill. and Austin, Texas, with a target offering of $1 billion. The portfolio, valued at $193.9 million, sits on KBS’ recently debuted direct-access online platform, KBSDirect.com allowing accredited investors and advisors direct access to institutional-quality commercial real estate properties with no upfront fees or commissions paid by the investor, the company said.