UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

__________________

FORM 8-K

__________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 14 18, ~~2017~~2018

KBS REAL ESTATE INVESTMENT TRUST, INC.

(Exact Name of Registrant as Specified in Its Charter)

______________________________________________________

Maryland

000-52606

20-2985918

(State or Other Jurisdiction of

Incorporation or Organization)

(Commission File

Number)

(I.R.S. Employer

Identification No.)

Maryland		000-52606		20-2985918
(State or Other Jurisdiction ofIncorporation or Organization)		(Commission FileNumber)		(I.R.S. EmployerIdentification No.)

800 Newport Center Drive, Suite 700

Newport Beach, California 92660

(Address of principal executive offices)

Registrant'’s telephone number, including area code: (949) 417-6500

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨ ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨ ☐

ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

~~Advisory~~Assignment and Assumption Agreement ~~Amendment~~

On December 14 18, ~~2017~~2018, KBS Real Estate Investment Trust, Inc. (the “Company”) entered into an Assignment and Assumption Agreement (the “Agreement”) with KBS Capital Advisors Sub REIT I Liquidation LLC, a wholly-owned subsidiary of the Company’s ~~external~~ advisor (the “~~Advisor~~Assignee”), ~~entered~~pursuant ~~into~~to anwhich ~~amendment~~the toCompany, ~~the~~on ~~advisory~~behalf ~~agreement~~of ~~between~~itself, ~~the~~KBS ~~parties~~Limited toPartnership ~~eliminate~~and all of their subsidiaries (together, the “Company’s ~~obligation~~Entities”) totransferred ~~pay~~certain ~~fees~~remaining toassets and liabilities to(such ~~pay~~assets and ~~reimburse~~liabilities, ~~expenses~~the of“Assigned ~~the~~Assets ~~Advisor. Pursuant~~and Liabilities”) to the ~~amendment,~~Assignee and the ~~Advisor~~Assignee agreed ~~that~~to ~~(i)~~accept and perform all of the ~~Company~~obligations, ~~shall~~liabilities, ~~not~~covenants, beduties ~~responsible~~and ~~for~~agreements of the ~~payment~~Company ofEntities with ~~fees~~respect orto ~~compensation~~the ofAssigned ~~any~~Assets ~~kind~~and Liabilities and to ~~the~~assume ~~Advisor~~all ~~for~~liabilities ~~services~~with ~~rendered~~respect ~~under~~to the ~~advisory~~Assigned ~~agreement~~Assets ~~after~~and ~~December~~Liabilities. ~~14,~~The ~~2017~~Assigned ~~(“Effective~~Assets ~~Date”);~~ and ~~(ii)~~Liabilities ~~the~~include ~~Company~~an ~~shall~~amount ~~not~~payable beto ~~responsible~~tenants related to a property tax refund received for ~~paying~~a ~~directly~~property orsold ~~reimbursing~~in July 2016. In addition, the ~~Advisor~~Assigned Assets and Liabilities include liabilities for ~~any~~transfer ofagent ~~the~~fees, legal expenses, ~~paid~~tax orpreparation ~~incurred~~fees byand other miscellaneous expenses to wind down the ~~Advisor~~Company. orThe ~~its~~Company ~~affiliates~~also transferred onto ~~behalf~~the ofAssignee the ~~Company~~membership orinterests in ~~connection~~an ~~with~~indirect ~~the~~wholly ~~services~~owned ~~provided~~subsidiary toand ~~the~~reserves ~~Company~~related ~~under~~to winding up the ~~advisory~~operations ~~agreement~~and ~~after~~obligations ~~the~~of ~~Effective~~such ~~Date~~subsidiary. ~~The~~ In ~~advisory~~connection ~~agreement~~with ~~was~~the ~~also~~Assignee’s ~~amended~~acceptance toand ~~provide~~assumption of ~~that~~the Assigned Assets and Liabilities, the ~~agreement~~Company will ~~terminate~~transfer ~~automatically~~to ~~upon~~ the ~~payment~~Assignee bya ~~the~~total ~~Company~~amount of ~~the~~approximately ~~final~~$1.6 million ~~liquidating~~in ~~distribution~~cash ~~pursuant~~or other immediately available funds to cover the ~~Plan~~estimated ofnet ~~Liquidation~~liabilities ~~(defined~~that ~~below)~~will be transferred to the Assignee.

ITEM 8.01 OTHER EVENTS

Final Liquidating Distribution Authorized

On January 27, 2017, the stockholders of the Company approved the sale of all of the Company’s assets and the Company’s dissolution pursuant to the terms of the Company’s plan of complete liquidation and dissolution (the “Plan of Liquidation”). On December 14 18, ~~2017~~2018, the Company’s board of directors authorized a final liquidating distribution in the amount of $20.4002386814 per share of common stock to the Company’s stockholders of record as of the close of business on December 14 18, ~~2017~~2018 (the “Final Liquidating Distribution”). This Final Liquidating Distribution will be paid on or about December 19 20, ~~2017~~2018 and will be funded from the remaining net proceeds from ~~asset~~the ~~sales~~reserve fund established by the Company pursuant to the Plan of Liquidation.

The Final Liquidating Distribution will be included in each stockholder’s Form 1099 for the year ending December 31, ~~2017 along with the initial liquidating distribution of $1~~ 2018.00 per share of common stock paid to the Company’s stockholders of record as of the close of business on March 21, 2017. All distributions paid by the Company in 2017 will generally be characterized as a return of capital in each stockholder’s Form 1099 for the year ending December 31, 2017. Stockholders are advised to consult their tax advisors regarding the tax consequences of ~~these~~this ~~liquidating~~Final ~~distributions~~Liquidating Distribution in light of his or her particular investment or tax circumstances.

~~Estimated~~As ~~Value~~previously ~~Per~~disclosed, ~~Share~~on October 10, 2017, the Company filed Articles of Dissolution with the State Department of Assessments and Taxation of Maryland (“SDAT”), which were effective upon their acceptance for record by the SDAT on October 10, 2017. Following the payment of the Final Liquidating Distribution, all shares of the Company’s outstanding common stock will be cancelled and no longer deemed to be outstanding and all rights of the holders thereof as stockholders will cease and terminate. In addition, the Company will file appropriate notification with the Securities and Exchange Commission to fully terminate its obligations under the U.S. securities laws.

On1 December 14, 2017, the Company’s board of directors approved an estimated value per share of the Company’s common stock of $0.00, effective December 14, 2017, based on the authorization of the Liquidating Distribution of $2.40 per share and the amount of the reserve fund established by the Company pursuant to the Plan of Liquidation.

~~The~~SIGNATURES Company established the reserve to pay potential unknown expenses and liabilities in liquidation. Should any of the reserve not be needed, the Company will distribute such reserves to stockholders to the extent available. There can be no assurances as to whether there will be any reserve funds available for distribution or the timing of any such distribution.

~~Cautionary~~Pursuant ~~Note~~to ~~Regarding~~the ~~Forward-Looking~~requirements ~~Statements~~of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

The foregoing includes forward-looking statements within the meaning of the Federal Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created by Section 21E of the Securities Exchange Act of 1934, as amended. These statements include statements regarding the intent, belief or current expectations of the Company and members of its management team, as well as the assumptions on which such statements are based, and generally are identified by the use of words such as “may,” “will,” “seeks,” “anticipates,” “believes,” “estimates,” “expects,” “plans,” “intends,” “should” or similar expressions. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law. Such statements are subject to known and unknown risks and uncertainties which could cause actual results to differ materially from those contemplated by such forward-looking statements. The Company makes no representation or warranty (express or implied) about the accuracy of any such forward-looking statements. These statements are based on a number of assumptions involving the judgment of management.

There are no guarantees that the Company will be able to successfully complete the implementation of its plan of complete liquidation and dissolution or that there will be any reserve funds available for future distribution.

Forward-looking statements also depend on factors such as the risks identified in in Part I, Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2016, filed with the SEC on March 28, 2017.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

KBS REAL ESTATE INVESTMENT TRUST, INC.

Dated: December 20, 2018

/s/ Jeffrey K. Waldvogel

Jeffrey K. Waldvogel

Chief Financial Officer

Filing Compare · KBS Real Estate Investment Trust, Inc.