KBS Capital Advisors LLC (“KBSCA LLC”) began its operation in 2006 as the exclusive
external advisor to publicly registered, non-traded real estate investment trusts which are
sponsored and managed by its affiliates (collectively, the “REITs”). As of the date of this
Brochure, KBSCA LLC serves as the external advisor of KBS Real Estate Investment Trust
III, Inc. (“REIT III”), and KBS Growth & Income REIT, Inc. (“G&I” and, collectively, the
“REITs”). As used in this brochure, the term “client” refers to each advisory client of
KBSCA LLC (e.g., the REITs) and not to the investors in any of the REITs.
As external advisor to the REITs, KBSCA LLC manages the day-to-day operations of the
REITs’ portfolios of real estate properties and real estate-related assets (including real estate-
related securities) and is primarily responsible for the identification and analysis of real estate
properties and real estate-related investments. Generally, proposed investments must
ultimately be approved by at least a majority of a REIT’s board of directors or a majority of
such REIT’s Conflicts Committee and, as such, KBSCA LLC generally functions in a non-
discretionary capacity. However, subject to the limitations in each REIT’s charter and the
oversight of its board of directors, KBSCA LLC may exercise limited discretionary authority
to make certain securities investments on behalf of the REITs. Please refer to the respective
REIT’s prospectus for a further description of KBSCA LLC’s investment authority.
KBSCA LLC is indirectly owned by Charles Jay Schreiber Jr and The Estate of Peter M. Bren.
Charles Jay Schreiber, Jr. has the authority to control KBSCA LLC and serves as Chairman
and President.
Mr. Schreiber also serves as CEO, President, Director of REIT III and Chairman of the Board,
CEO, President and Director of G&I —public, non-listed real estate investment trusts.
Mr. Schreiber has been involved exclusively in real estate development, management,
acquisition, disposition and financing for more than 40 years. Prior to forming KBS, he served
as the executive vice president of Koll Investment Management Services and executive vice
president of acquisitions and dispositions for The Koll Company.
Mr. Schreiber graduated from the University of Southern California with a bachelor’s degree
in finance with an emphasis in Real Estate. During his four years at USC, he
did graduate work
in the then newly formed Real Estate Department in the USC Graduate School of Business.
He is currently an Executive Board Member for the USC Lusk Center for Real Estate at the
University of Southern California Marshall School of Business/School of Policy, Planning and
Development and serves as a member of the Executive Committee for the Public Non-Listed
REIT Council for the National Association of Real Estate Investment Trusts. He is also a
member of the National Council of Real Estate Investment Fiduciaries.
Mr. Schreiber has served as a member of the board of directors and executive committee of
The Irvine Company since August 2016, and since December 2016, Mr. Schreiber has served
on the Board of Trustees of The Irvine Company.
KBSCA LLC provides advisory services to the REITs in accordance with the investment
policies and objectives adopted by the REITs’ boards of directors. Consistent with the REITs’
investment objectives and strategies, the securities advisory services that KBSCA LLC
provides are limited to certain real estate-related securities. The individual needs of the
investors in the REITs are not considered when making investment recommendations or
providing other advisory services. Instead, KBSCA LLC’s advice is provided directly to the
respective REITs and not individually to the investors in the REITs. While the majority of
KBSCA LLC’s investment recommendations are approved by the REITs’ boards of directors,
KBSCA LLC may exercise limited discretionary authority with respect to certain real-estate
securities investments.
In addition to managing the day-to-day operations of the REITs’ portfolios of real estate
properties and real estate-related assets (including real estate-related securities) and providing
real estate investment recommendations to the REITs, under the terms of an advisory
agreement executed with each of the REITs, KBSCA LLC also may provide asset
management, marketing, investor relations and other administrative services to the REITs.
As of 12/31/2023, KBSCA LLC managed client assets are $2,555,927,641 primarily on a non-
discretionary basis. A substantial majority of the assets managed by KBSCA LLC are invested
in real estate property assets with the remainder of these assets being invested in other real
estate-related investments including, but not limited to, real estate securities.