Schedule 13G

Filed by: COMRIT INVESTMENTS 1, LP
Total Shares: 1,755,752
Subject Company: Unknown - View Complete Ownership History Backtest
Filed as of Date: 09/29/2020
Event Date: 12/31/2019
Overall % Ownership: 17.8

Reporting Persons

Name Sole
Voting Power
Shared
Voting Power
Sole
Dispositive Power
Shared
Dispositive Power
Aggregate
Amount Owned
Percent
of class
Comrit Investments 1, LP 1,755,751 0 1,755,751 0 1,755,751 17.8%
Comrit Investments Ltd 1,755,751 0 1,755,751 0 1,755,751 17.8%
Ziv Sapir 1,755,751 0 1,755,751 0 1,755,751 17.8%
View Original Filing on Edgar's

Raw Filing Contents

0001104659-20-109631.txt : 20200929
0001104659-20-109631.hdr.sgml : 20200929
20200929115149
ACCESSION NUMBER:		0001104659-20-109631
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20200929
DATE AS OF CHANGE:		20200929
GROUP MEMBERS:		COMRIT INVESTMENTS LTD.
GROUP MEMBERS:		ZIV SAPIR

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KBS Growth & Income REIT, Inc.
		CENTRAL INDEX KEY:			0001631256
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				472778257
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-90929
		FILM NUMBER:		201207272

	BUSINESS ADDRESS:	
		STREET 1:		800 NEWPORT CENTER DRIVE
		STREET 2:		SUITE 700
		CITY:			NEWPORT BEACH
		STATE:			CA
		ZIP:			92660
		BUSINESS PHONE:		949-417-6500

	MAIL ADDRESS:	
		STREET 1:		800 NEWPORT CENTER DRIVE
		STREET 2:		SUITE 700
		CITY:			NEWPORT BEACH
		STATE:			CA
		ZIP:			92660

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Comrit Investments 1, LP
		CENTRAL INDEX KEY:			0001726993
		IRS NUMBER:				981227706
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		9 AHAD HA'AM STREET
		CITY:			TEL AVIV
		STATE:			L3
		ZIP:			9129101
		BUSINESS PHONE:		972-3-5199936

	MAIL ADDRESS:	
		STREET 1:		9 AHAD HA'AM STREET
		CITY:			TEL AVIV
		STATE:			L3
		ZIP:			9129101
SC 13G 1 a20-31954_2sc13g.htm SC 13G

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

(Amendment No. )*

 

 

KBS Growth & Income REIT, Inc.

(Name of Issuer)

 

Class A Common Stock, $0.01 Par Value

(Title of Class of Securities)

 

REITKBSGI

(CUSIP Number)

 

December 31, 2019

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

o

Rule 13d-1(b) 

 

x

Rule 13d-1(c) 

 

o

Rule 13d-1(d) 

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


 

CUSIP No. REITKBSGI

 

1.

 

NAMES OF REPORTING PERSONS

 

Comrit Investments 1, LP

2.

 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) o (b) x

 

3.

 

SEC USE ONLY

 

4.

 

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

 

 

 

 

 

 

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

5.

 

SOLE VOTING POWER

 

1,755,751.871

 

6.

 

SHARED VOTING POWER

 

0

 

7.

 

SOLE DISPOSITIVE POWER

 

1,755,751.871

 

8.

 

SHARED DISPOSITIVE POWER

 

0

 

 

 

 

 

9.

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,755,751.871

10.

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

o

11.

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

17.8%(1)

12.

 

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

OO

 

(1) Percent of class is based on 9,874,559 shares of Class A common stock issued and outstanding as of August 10, 2020, as reported by KBS Growth & Income REIT, Inc. in its Form 10-Q for the quarterly period ended June 30, 2020.

 


 

CUSIP No. REITKBSGI

 

1.

 

NAMES OF REPORTING PERSONS

 

Comrit Investments Ltd.

2.

 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) o (b) x

 

3.

 

SEC USE ONLY

 

4.

 

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Israel

 

 

 

 

 

 

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

5.

 

SOLE VOTING POWER

 

1,755,751.871

 

6.

 

SHARED VOTING POWER

 

0

 

7.

 

SOLE DISPOSITIVE POWER

 

1,755,751.871

 

8.

 

SHARED DISPOSITIVE POWER

 

0

9.

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,755,751.871

10.

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

o

11.

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

17.8%(1)

12.

 

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

OO

 

(1) Percent of class is based on 9,874,559 shares of Class A common stock issued and outstanding as of August 10, 2020, as reported by KBS Growth & Income REIT, Inc. in its Form 10-Q for the quarterly period ended June 30, 2020.

 


 

CUSIP No. REITKBSGI

 

1.

 

NAMES OF REPORTING PERSONS

 

Ziv Sapir

2.

 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) o (b) x

 

3.

 

SEC USE ONLY

 

4.

 

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Israel

 

 

 

 

 

 

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

5.

 

SOLE VOTING POWER

 

1,755,751.871

 

6.

 

SHARED VOTING POWER

 

0

 

7.

 

SOLE DISPOSITIVE POWER

 

1,755,751.871

 

8.

 

SHARED DISPOSITIVE POWER

 

0

9.

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,755,751.871

10.

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

o

11.

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

17.8%(1)

12.

 

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

OO

 

(1) Percent of class is based on 9,874,559 shares of Class A common stock issued and outstanding as of August 10, 2020, as reported by KBS Growth & Income REIT, Inc. in its Form 10-Q for the quarterly period ended June 30, 2020.

 


 

Schedule 13G

 

This Schedule 13G is being jointly filed on behalf of Comrit Investments 1, LP, a Cayman Islands Exempted Limited Partnership (“Comrit LP”), Comrit Investments Ltd., an Israel limited liability public company (“Comrit Ltd.”), and Ziv Sapir, a citizen of Israel (“Mr. Sapir” and, together with Comrit LP and Comrit Ltd., the “Reporting Persons”), relating to Class A common stock, $0.01 par value (the “Stock”), of KBS Growth & Income REIT, Inc., a Maryland corporation (the “Issuer”).

 

The 1,755,751.871 shares of Stock reported on this Schedule 13G were purchased directly by Comrit LP for its own account. Comrit Ltd., as the general partner of Comrit LP, and Mr. Sapir, as the Chief Executive Officer and a controlling person of Comrit Ltd., may be deemed to have beneficial ownership (under Section 13 of the Act) of the Stock beneficially owned by Comrit LP as a result of their power to indirectly direct the vote and disposition of the same.

 

Pursuant to Rule 13d-4 under the Act, Comrit Ltd. and Mr. Sapir declare that the filing of this Schedule 13G shall not be deemed an admission by either or both of them that they are, for the purposes of the Act, the beneficial owner of any Stock covered by this Schedule 13G.

 

Item 1 (a).               Name of Issuer:

 

KBS Growth & Income REIT, Inc.

 

Item 1 (b).               Address of Issuer’s Principal Executive Offices:

 

800 Newport Center Drive, Suite 700, Newport Beach, California 92660

 

Item 2 (a).               Name of Person Filing:

 

This statement is being filed by the following persons:

 

 

(i)

Comrit Investments 1, LP, a Cayman Islands Exempted Limited Partnership;

 

 

(ii)

Comrit Investments Ltd., an Israel limited liability private company; and

 

 

(iii)

Ziv Sapir, an Israeli citizen.

 

Item 2 (b).               Address of Principal Business Office or, if None, Residence:

 

The address for each of the Reporting Persons is:

 

9 Ahad Ha’am Street

Tel Aviv, Israel 6129101

 

Item 2 (c).                Citizenship:

 

Comrit Investments 1, LP – Cayman Islands

Comrit Investments Ltd. – Israel

Ziv Sapir – Israel

 


 

Item 2 (d).               Title of Class of Securities:

 

Class A common stock, $0.01 Par Value

 

Item 2 (e).                CUSIP Number:

 

REITKBSGI

 

Item 3.                                 If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

Not applicable.

 

Item 4.                                 Ownership.

 

For Comrit Investments 1, LP:

 

 

(a)

Amount beneficially owned: 1,755,751.871 shares of Stock

 

 

(b)

Percent of class: 17.8%

 

 

(c)

Number of shares as to which such person has:

 

 

(i)

Sole power to vote or to direct the vote: 1,755,751.871

 

 

(ii)

Shared power to vote or to direct the vote: 0

 

 

(iii)

Sole power to dispose or to direct the disposition of: 1,755,751.871

 

 

(iv)

Shared power to dispose or to direct the disposition of: 0

 

For Comrit Investments Ltd.:

 

 

(a)

Amount beneficially owned: 1,755,751.871 shares of Stock

 

 

(b)

Percent of class: 17.8%

 

 

(c)

Number of shares as to which such person has:

 

 

(i)

Sole power to vote or to direct the vote: 1,755,751.871

 

 

(ii)

Shared power to vote or to direct the vote: 0

 

 

(iii)

Sole power to dispose or to direct the disposition of: 1,755,751.871

 

 

(iv)

Shared power to dispose or to direct the disposition of: 0

 

For Ziv Sapir:

 

 

(a)

Amount beneficially owned: 1,755,751.871 shares of Stock

 

 

(b)

Percent of class: 17.8%

 

 

(c)

Number of shares as to which such person has:

 

 

(i)

Sole power to vote or to direct the vote: 1,755,751.871

 

 

(ii)

Shared power to vote or to direct the vote: 0

 

 

(iii)

Sole power to dispose or to direct the disposition of: 1,755,751.871

 

 

(iv)

Shared power to dispose or to direct the disposition of: 0

 


 

Item 5.                                 Ownership of Five Percent or Less of a Class.

 

Not Applicable.

 

Item 6.                                 Ownership of More than Five Percent on Behalf of Another Person.

 

Not Applicable.

 

Item 7.                                 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

 

Not Applicable.

 

Item 8.                                 Identification and Classification of Members of the Group.

 

Not Applicable.

 

Item 9.                                 Notice of Dissolution of Group.

 

Not Applicable.

 

Item 10.                          Certification.

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11 of the Act.

 


 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

September 29, 2020

 

 

COMRIT INVESTMENTS LTD.

 

 

 

/s/ Ziv Sapir

 

By: Ziv Sapir

 

Title: Chief Executive Officer

 

 

 

COMRIT INVESTMENTS 1, LP

 

 

 

By: Comrit Investments Ltd., its general partner

 

 

 

/s/ Ziv Sapir

 

By: Ziv Sapir

 

Title: Chief Executive Officer

 

 

 

ZIV SAPIR

 

 

 

/s/ Ziv Sapir

 

By: Ziv Sapir

 


 

EXHIBIT INDEX

 

Exhibit 1

 

Joint Filing Agreement, dated as of September 29, 2020, by and between Comrit Investments Ltd., Comrit Investments 1, LP, and Ziv Sapir, as required by Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended.

 


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