KBS Growth & Income REIT (KBSG) 10-Q 10 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2017	May 05, 2017
Entity Listings [Line Items]
Entity Registrant Name	KBS Growth & Income REIT, Inc.
Entity Central Index Key	1,631,256
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Amendment Flag	false
Class A [Member]
Entity Listings [Line Items]
Entity Common Stock, Shares Outstanding		9,042,448
Class T [Member]
Entity Listings [Line Items]
Entity Common Stock, Shares Outstanding		265,413

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Real estate:
Land	$ 22,909	$ 22,909
Building and improvements	105,507	105,435
Tenant origination and absorption costs	13,528	13,528
Total real estate, cost	141,944	141,872
Less accumulated depreciation and amortization	(5,006)	(3,292)
Total real estate, net	136,938	138,580
Cash and cash equivalents	16,793	15,666
Rent and other receivables	1,187	956
Above-market leases, net	202	210
Prepaid expenses and other assets, net	532	501
Total assets	155,652	155,913
Liabilities and stockholders’ equity
Notes payable, net	81,484	81,375
Accounts payable and accrued liabilities	988	2,023
Due to affiliates	1,500	1,434
Distributions payable	388	377
Below-market leases, net	4,678	5,029
Other liabilities	1,353	1,254
Total liabilities	90,391	91,492
Commitments and contingencies (Note 8)
Redeemable common stock	2,379	1,791
Stockholders’ equity
Preferred stock, $.01 par value; 10,000,000 shares authorized, no shares issued and outstanding	0	0
Additional paid-in capital	73,789	71,992
Cumulative distributions and net losses	(10,999)	(9,451)
Total stockholders’ equity	62,882	62,630
Total liabilities and stockholders’ equity	155,652	155,913
Class A [Member]
Stockholders’ equity
Common stock	90	88
Class T [Member]
Stockholders’ equity
Common stock	$ 2	$ 1

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2017	Dec. 31, 2016
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Class A [Member]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	8,971,007	8,846,164
Common stock, shares outstanding	8,971,007	8,846,164
Class T [Member]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	223,881	94,018
Common stock, shares outstanding	223,881	94,018

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Revenues:
Rental income	$ 3,236	$ 568
Tenant reimbursements	779	28
Other operating income	18	0
Total revenues	4,033	596
Expenses:
Operating, maintenance, and management	745	151
Property management fees and expenses to affiliate	29	8
Real estate taxes and insurance	457	69
Asset management fees to affiliate	214	20
General and administrative expenses	341	219
Depreciation and amortization	1,718	227
Interest expense	743	178
Total expenses	4,247	872
Other income:
Interest income	17	20
Total other income	17	20
Net loss	(197)	(256)
Common Stock:
Net loss	(197)	(256)
Class A [Member]
Other income:
Net loss	(190)	(255)
Common Stock:
Net loss	$ (190)	$ (255)
Net loss per common share, basic and diluted (in dollars per share)	$ (0.02)	$ (0.07)
Weighted-average number of common shares outstanding, basic and diluted (in shares)	8,934,542	3,671,273
Class T [Member]
Other income:
Net loss	$ (7)	$ (1)
Common Stock:
Net loss	$ (7)	$ (1)
Net loss per common share, basic and diluted (in dollars per share)	$ (0.05)	$ (0.19)
Weighted-average number of common shares outstanding, basic and diluted (in shares)	165,029	856

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($) $ in Thousands	Total	Class A [Member]	Class T [Member]	Common Stock [Member]Class A [Member]	Common Stock [Member]Class T [Member]	Additional Paid-in Capital [Member]	Cumulative Distributions and Net Losses [Member]
Balance, shares at Dec. 31, 2015				2,216,821	0
Balance, value at Dec. 31, 2015	$ 16,106			$ 22	$ 0	$ 17,079	$ (995)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(4,089)						(4,089)
Issuance of common stock, shares				6,559,574	93,918
Issuance of common stock, value	60,598			$ 65	$ 1	60,532
Transfers to redeemable common stock	(1,738)					(1,738)
Stock dividends issued, shares				69,769	100
Stock dividends issued, value	0			$ 1		711	(712)
Distributions declared	(3,655)						(3,655)
Commissions on stock sales, related dealer manager fees and stockholder servicing fees to affiliate	(4,200)					(4,200)
Other offering costs	(392)					(392)
Balance, shares at Dec. 31, 2016		8,846,164	94,018	8,846,164	94,018
Balance, value at Dec. 31, 2016	62,630			$ 88	$ 1	71,992	(9,451)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(197)	$ (190)	$ (7)				(197)
Issuance of common stock, shares				102,511	129,510
Issuance of common stock, value	2,322			$ 1	$ 1	2,320
Transfers to redeemable common stock	$ (588)					(588)
Stock dividends issued, shares	22,685			22,332	353
Stock dividends issued, value	$ 0			$ 1		235	(236)
Distributions declared	(1,115)						(1,115)
Commissions on stock sales, related dealer manager fees and stockholder servicing fees to affiliate	(147)					(147)
Other offering costs	(23)					(23)
Balance, shares at Mar. 31, 2017		8,971,007	223,881	8,971,007	223,881
Balance, value at Mar. 31, 2017	$ 62,882			$ 90	$ 2	$ 73,789	$ (10,999)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash Flows from Operating Activities:
Net loss	$ (197)	$ (256)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	1,718	227
Deferred rents	(187)	(56)
Allowance for doubtful accounts	(5)	0
Amortization of above and below-market leases	(343)	(6)
Amortization of deferred financing costs	103	15
Changes in operating assets and liabilities:
Rents and other receivables	(18)	(4)
Prepaid expenses and other assets	(117)	(47)
Accounts payable and accrued liabilities	(965)	120
Due to affiliates	(5)	(153)
Other liabilities	99	(39)
Net cash provided by (used in) operating activities	83	(199)
Cash Flows from Investing Activities:
Improvements to real estate	(75)	(22)
Net cash used in investing activities	(75)	(22)
Cash Flows from Financing Activities:
Proceeds from notes payable	0	26
Payments of deferred financing costs	0	(1)
Cash distribution advance from affiliate	0	458
Proceeds from issuance of common stock	1,734	37,020
Payments of commissions on stock sales and related dealer manager fees to affiliate	(147)	(2,547)
Other offering costs paid to affiliates	71	0
Payments of other offering costs	(23)	(765)
Distributions paid to common stockholders	(516)	(117)
Net cash provided by financing activities	1,119	34,074
Net increase in cash and cash equivalents	1,127	33,853
Cash and cash equivalents, beginning of period	15,666	12,893
Cash and cash equivalents, end of period	16,793	46,746
Supplemental Disclosure of Cash Flow Information
Interest paid	627	159
Supplemental Disclosure of Noncash Investing and Financing Activities:
Stock dividends issued	236	64
Increase in cash distributions payable	11	125
Dividends paid to common stockholders through common stock issuances pursuant to the distribution reinvestment plan	$ 588	$ 197

ORGANIZATION

ORGANIZATION	3 Months Ended
	Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	ORGANIZATION KBS Growth & Income REIT, Inc. (the “Company”) was formed on January 12, 2015 as a Maryland corporation that elected to be taxed as a real estate investment trust (“REIT”) beginning with the taxable year ended December 31, 2015. Substantially all of the Company’s business is conducted through KBS Growth & Income Limited Partnership (the “Operating Partnership”), a Delaware limited partnership formed on January 14, 2015. The Company is the sole general partner of, and owns a 0.1% partnership interest in, the Operating Partnership. KBS Growth & Income REIT Holdings LLC (“REIT Holdings”), a Delaware limited liability company formed on January 14, 2015, owns the remaining 99.9% partnership interest in the Operating Partnership and is the sole limited partner. The Company is the sole member and manager of REIT Holdings. Subject to certain restrictions and limitations, the business of the Company is externally managed by KBS Capital Advisors LLC (the “Advisor”), an affiliate of the Company, pursuant to an advisory agreement between the Company and the Advisor initially entered into on June 11, 2015, and amended at various times thereafter (the “Advisory Agreement”). The Advisor conducts the Company’s operations and manages its portfolio of core real estate properties and real estate-related assets. On January 27, 2015, the Company issued 20,000 shares of its common stock to the Advisor at a purchase price of $10.00 per share. On June 11, 2015, these outstanding shares of common stock were designated Class A shares of common stock. As of March 31, 2017 , the Company had invested in three office buildings. The Company intends to invest in a diverse portfolio of core real estate properties and real estate-related assets, including the acquisition of commercial properties and the acquisition and origination of real estate-related assets. The Company considers core properties to be existing properties with at least 80% occupancy. Based on the current market outlook, the Company expects its core focus in the U.S. office sector to reflect a value-creating core strategy, which is also known as a core-plus strategy. The real estate-related assets in which the Company may invest include mortgage, mezzanine, bridge and other loans, debt and derivative securities related to real estate assets, including mortgage-backed securities, and equity securities such as common stocks, preferred stocks and convertible preferred securities of other REITs and real estate companies. The Company commenced a private placement offering exempt from registration under the Securities Act of 1933, as amended, on June 11, 2015, pursuant to which the Company offered a maximum of $105,000,000 of shares of its Class A common stock for sale to certain accredited investors (the “Private Offering”), of which $5,000,000 of Class A shares were offered pursuant to the Company’s distribution reinvestment plan. The Company ceased offering shares in the primary portion of the Private Offering on April 27, 2016 and processed subscriptions for the primary Private Offering dated on or prior to April 27, 2016 through May 30, 2016. KBS Capital Markets Group LLC (the “Dealer Manager”), an affiliate of the Advisor, served as the dealer manager of the Private Offering pursuant to a dealer manager agreement dated June 11, 2015 (the “Private Offering Dealer Manager Agreement”). The Dealer Manager was responsible for marketing the Company’s shares in the Private Offering. On February 4, 2015, the Company filed a registration statement on Form S-11 with the Securities and Exchange Commission (the “SEC”) to register an initial public offering of its common stock to offer a maximum of $1,500,000,000 in shares of common stock for sale to the public in the primary offering, consisting of two classes of shares: Class A and Class T (the “Primary Offering”). The Company also registered a maximum of $800,000,000 in both classes of shares of its common stock pursuant to the Company’s distribution reinvestment plan (the “DRP Offering” and, together with the Primary Offering, the “Public Offering”). The Company is offering to sell any combination of Class A and Class T shares in the Primary Offering and DRP Offering. The Company reserves the right to reallocate shares between the Primary Offering and the DRP Offering. The SEC declared the Company’s registration statement effective on April 28, 2016 and the Company retained the Dealer Manager to serve as the dealer manager of the Public Offering pursuant to a dealer manager agreement dated April 28, 2016 (the “Public Offering Dealer Manager Agreement”). The Dealer Manager is responsible for marketing the Company’s shares in the Public Offering. As described above, the Company intends to use substantially all of the net proceeds from the Private Offering and the Primary Offering to invest in a diverse portfolio of core real estate properties and real estate-related assets. The Company sold 8,548,972 shares of Class A common stock for gross offering proceeds of $76.8 million in the Private Offering, including 74,744 shares of Class A common stock under its distribution reinvestment plan for gross offering proceeds of $0.7 million . The Company commenced the Public Offering on April 28, 2016. As of March 31, 2017 , the Company had sold 264,912 and 223,428 shares of Class A and Class T common stock in the Public Offering, respectively, for aggregate gross offering proceeds of $4.9 million , including 174,895 and 1,309 shares of Class A and Class T common stock under its DRP offering, respectively, for aggregate gross offering proceeds of $1.7 million . Additionally, on August 11, 2015, two of the individuals who own and control the Company’s sponsor, Charles J. Schreiber, Jr. (who also acts as chief executive officer, the chairman of the board and a director of the Company) and Peter M. Bren (who also acts as president of the Company), purchased 21,181.2380 and 21,181.2390 shares of Class A common stock, respectively, each for an aggregate purchase price of $172,500 or $8.144 per share. The per share purchase price reflects an 8.5% discount to the $8.90 offering price in the Private Offering in effect on the date of their purchase because selling commissions and dealer manager fees were not paid in connection with the sales. Mr. Bren’s investment was made on behalf of and for the account of three of his children, and he has disclaimed beneficial ownership of the shares. The Company issued these shares in private transactions exempt from the registration requirements pursuant to Section 4(2) of the Securities Act of 1933, as amended.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES There have been no significant changes to the Company’s accounting policies since it filed its audited financial statements in its Annual Report on Form 10-K for the year ended December 31, 2016 . For further information about the Company’s accounting policies, refer to the Company’s consolidated financial statements and notes thereto for the year ended December 31, 2016 included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”). Principles of Consolidation and Basis of Presentation The accompanying unaudited consolidated financial statements and condensed notes thereto have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information as contained within the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) and the rules and regulations of the SEC, including the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, the unaudited consolidated financial statements do not include all of the information and footnotes required by GAAP for audited financial statements. In the opinion of management, the financial statements for the unaudited interim periods presented include all adjustments, which are of a normal and recurring nature, necessary for a fair and consistent presentation of the results for such periods. Operating results for the three months ended March 31, 2017 are not necessarily indicative of the results that may be expected for the year ending December 31, 2017. The consolidated financial statements include the accounts of the Company, REIT Holdings, the Operating Partnership, and their direct and indirect wholly owned subsidiaries. All significant intercompany balances and transactions are eliminated in consolidation. Use of Estimates The preparation of the consolidated financial statements and the accompanying notes thereto in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could materially differ from those estimates. Segments The Company had invested in three office buildings as of March 31, 2017 . Substantially all of the Company’s revenue and net loss is from real estate, and therefore, the Company currently operates in one reportable segment. Per Share Data Basic net income (loss) per share of common stock is calculated by dividing net income (loss) by the weighted-average number of shares of common stock issued and outstanding during such period. Diluted net income (loss) per share of common stock equals basic net income (loss) per share of common stock as there were no potentially dilutive securities outstanding for the three months ended March 31, 2017 and 2016 , respectively. For the purpose of determining the weighted average number of shares outstanding, stock dividends issued during the period presented and subsequent to March 31, 2017 but before the issuance of the consolidated financial statements are adjusted retroactively and treated as if they were issued and outstanding for all periods presented. The Company has declared and issued stock dividends on shares of the Company’s common stock during the three months ended March 31, 2017 and 2016 as follows: Three Months Ended March 31, Amount Declared per Share Outstanding (1) Total Shares Issued 2016 0.00246576 shares 6,974 2017 0.00249999 shares 22,685 _____________________ (1) Stock dividends are declared on a monthly basis and the amount declared per share outstanding assumes each share was issued and outstanding each date that was a record date for stock dividends during the periods presented. Stock dividends are issued in the same class of shares as the shares for which such stockholder received the stock dividend. During the three months ended March 31, 2017 , aggregate cash distributions declared per share of Class A common stock were $0.12328740 , assuming the share was issued and outstanding each date that was a record date for distributions during the period. During the three months ended March 31, 2017 , aggregate cash distributions declared per share of Class T common stock were $0.09880255 , assuming the share was issued and outstanding each date that was a record date for distributions during the period. During the three months ended March 31, 2016 , aggregate cash distributions declared per share of Class A common stock were $0.12328740 , assuming the share was issued and outstanding each date that was a record date for distributions during the period. No shares of Class T common stock were outstanding during three months ended March 31, 2016 . For each day that was a record date for distributions during the three months ended March 31, 2017 and 2016 , distributions were calculated at a rate of (i) $0.00136986 per share per day, less (ii) the applicable daily class-specific stockholder servicing fees accrued for and allocable to any class of common stock, divided by the number of shares of common stock of such class outstanding as of the close of business on each respective record date. Each day during the three months ended March 31, 2017 and 2016 was a record date for distributions. In accordance with FASB ASC Topic 260-10-45, Earnings Per Share , the Company uses the two-class method to calculate earnings per share. Basic earnings per share is calculated based on dividends declared (“distributed earnings”) and the rights of common shares and participating securities in any undistributed earnings, which represents net income remaining after deduction of dividends declared during the period. The undistributed earnings are allocated to all outstanding common shares based on the relative percentage of each class of shares to the total number of outstanding shares. The Company does not have any participating securities outstanding other than Class A Common Stock and Class T Common Stock during the periods presented. For the Three Months Ended March 31, 2017 2016 Net loss $ (197 ) $ (256 ) Less: Class A Common Stock cash distributions declared 1,099 440 Less: Class T Common Stock cash distributions declared 16 — Undistributed net loss $ (1,312 ) $ (696 ) Class A Common Stock: Undistributed net loss $ (1,289 ) $ (695 ) Class A Common Stock cash distributions declared 1,099 440 Net loss $ (190 ) $ (255 ) Net loss per common share, basic and diluted $ (0.02 ) $ (0.07 ) Weighted-average number of common shares outstanding, basic and diluted 8,934,542 3,671,273 Class T Common Stock: Undistributed net loss $ (23 ) $ (1 ) Class T Common Stock cash distributions declared 16 — Net loss $ (7 ) $ (1 ) Net loss per common share, basic and diluted $ (0.05 ) $ (0.19 ) Weighted-average number of common shares outstanding, basic and diluted 165,029 856 Square Footage, Occupancy and Other Measures Any references to square footage, occupancy or annualized base rent are unaudited and outside the scope of the Company’s independent registered public accounting firm’s review of the Company’s financial statements in accordance with the standards of the United States Public Company Accounting Oversight Board. Recently Issued Accounting Standards Update In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU No. 2014-09”). ASU No. 2014-09 requires an entity to recognize the revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. ASU No. 2014-09 supersedes the revenue requirements in Revenue Recognition (Topic 605) and most industry-specific guidance throughout the Industry Topics of the Codification. ASU No. 2014-09 does not apply to lease contracts within the scope of Leases (Topic 840). ASU No. 2014-09 was to be effective for fiscal years, and interim periods within those years, beginning after December 15, 2016, and is to be applied retrospectively, with early application not permitted. In August 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date (“ASU No. 2015-14”), which defers the effective date of ASU No. 2014-09 by one year. Early adoption is permitted but not before the original effective date. As the primary source of revenue for the Company is generated through leasing arrangements, which are scoped out of this standard, the Company does not expect the adoption of ASU No. 2014-09 to have a significant impact on its financial statements. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU No. 2016-01”). The amendments in ASU No. 2016-01 address certain aspects of recognition, measurement, presentation and disclosure of financial instruments. ASU No. 2016-01 primarily affects accounting for equity investments and financial liabilities where the fair value option has been elected. ASU No. 2016-01 also requires entities to present financial assets and financial liabilities separately, grouped by measurement category and form of financial asset in the balance sheet or in the accompanying notes to the financial statements. ASU No. 2016-01 is effective for annual periods beginning after December 15, 2017, including interim periods within those fiscal years. Early application is permitted for financial statements that have not been previously issued. The Company does not expect the adoption of ASU No. 2016-01 to have a significant impact on its financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) (“ASU No. 2016-02”). The amendments in ASU No. 2016-02 change the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. ASU No. 2016-02 is effective for annual periods beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption of ASU No. 2016-02 as of its issuance is permitted. The new leases standard requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. The Company is currently evaluating the impact of adopting the new leases standard on its consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses of Financial Instruments (“ASU No. 2016-13”). ASU No. 2016-13 affects entities holding financial assets and net investments in leases that are not accounted for at fair value through net income. The amendments in ASU No. 2016-13 require a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial asset(s) to present the net carrying value at the amount expected to be collected on the financial asset. ASU No. 2016-13 also amends the impairment model for available-for-sale securities. An entity will recognize an allowance for credit losses on available-for-sale debt securities as a contra-account to the amortized cost basis rather than as a direct reduction of the amortized cost basis of the investment, as is currently required. ASU No. 2016-13 also requires new disclosures. For financial assets measured at amortized cost, an entity will be required to disclose information about how it developed its allowance for credit losses, including changes in the factors that influenced management’s estimate of expected credit losses and the reasons for those changes. For financing receivables and net investments in leases measured at amortized cost, an entity will be required to further disaggregate the information it currently discloses about the credit quality of these assets by year of the asset’s origination for as many as five annual periods. For available for sale securities, an entity will be required to provide a roll-forward of the allowance for credit losses and an aging analysis for securities that are past due. ASU No. 2016-13 is effective for annual periods beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is still evaluating the impact of adopting ASU No. 2016-13 on its financial statements, but does not expect the adoption of ASU No. 2016-13 to have a material impact on its financial statements. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (“ASU No. 2016-15”). ASU No. 2016-15 is intended to reduce diversity in practice in how certain transactions are classified in the statement of cash flows. The amendments in ASU No. 2016-15 provide guidance on eight specific cash flow issues, including the following that are or may be relevant to the Company: (a) Cash payments for debt prepayment or debt extinguishment costs should be classified as cash outflows for financing activities; (b) Cash payments relating to contingent consideration made soon after an acquisition’s consummation date (i.e., approximately three months or less) should be classified as cash outflows for investing activities. Payments made thereafter should be classified as cash outflows for financing activities up to the amount of the original contingent consideration liability. Payments made in excess of the amount of the original contingent consideration liability should be classified as cash outflows for operating activities; (c) Cash payments received from the settlement of insurance claims should be classified on the basis of the nature of the loss (or each component loss, if an entity receives a lump-sum settlement); (d) Relating to distributions received from equity method investments, ASU No. 2016-15 provides an accounting policy election for classifying distributions received from equity method investments. Such amounts can be classified using a (1) cumulative earnings approach, or (2) nature of distribution approach. Under the cumulative earnings approach, an investor would compare the distributions received to its cumulative equity method earnings since inception. Any distributions received up to the amount of cumulative equity earnings would be considered a return on investment and classified in operating activities. Any excess distributions would be considered a return of investment and classified in investing activities. Alternatively, an investor can choose to classify the distributions based on the nature of activities of the investee that generated the distribution. If the necessary information is subsequently not available for an investee to determine the nature of the activities, the entity should use the cumulative earnings approach for that investee and report a change in accounting principle on a retrospective basis; (e) In the absence of specific guidance, an entity should classify each separately identifiable cash source and use on the basis of the nature of the underlying cash flows. For cash flows with aspects of more than one class that cannot be separated, the classification should be based on the activity that is likely to be the predominant source or use of cash flow. ASU No. 2016-15 is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The Company is still evaluating the impact of adopting ASU No. 2016-15 on its financial statements, but does not expect the adoption of ASU No. 2016-15 to have a material impact on its financial statements, but does not expect the adoption of ASU No. 2016-15 to have a material impact to its financial statements. In November 2016, the FASB issued ASU No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash (“ASU No. 2016-18”). ASU No. 2016-18 requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, restricted cash and restricted cash equivalents. Therefore, amounts generally described as restricted cash should be included with cash and cash equivalents when reconciling the beginning of period and end of period total amounts shown on the statement of cash flows. ASU No. 2016-18 is effective for annual periods beginning after December 15, 2017, including interim periods within those fiscal years. The Company elected to early adopt ASU No. 2016-18 for the reporting period ended December 31, 2016 and it was applied retrospectively. As a result of the adoption of ASU No. 2016-18, the Company no longer presents the changes within restricted cash in the consolidated statements of cash flows. In January 2017, the FASB issued ASU No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business (“ASU No. 2017-01”) to add guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. ASU No. 2017-01 provides a screen to determine when an integrated set of assets and activities (collectively referred to as a “set”) is not a business. The screen requires that when substantially all of the fair value of the gross assets acquired (or disposed of) is concentrated in a single identifiable asset or a group of similar identifiable assets, the set is not a business. If the screen is not met, ASU No. 2017-01 (1) requires that to be considered a business, a set must include, at a minimum, an input and a substantive process that together significantly contribute to the ability to create output and (2) removes the evaluation of whether a market participant could replace missing elements. ASU No. 2017-01 provides a framework to assist entities in evaluating whether both an input and a substantive process are present. The framework includes two sets of criteria to consider that depend on whether a set has outputs. Although outputs are not required for a set to be a business, outputs generally are a key element of a business; therefore, the FASB has developed more stringent criteria for sets without outputs. ASU No. 2017-01 is effective for annual periods beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted. The amendments can be applied to transactions occurring before the guidance was issued (January 5, 2017) as long as the applicable financial statements have not been issued. The Company elected to early adopt ASU No. 2017-01 for the reporting period beginning January 1, 2017. As a result of the adoption of ASU No. 2017-01, the Company’s acquisitions of investment properties beginning January 1, 2017 could qualify as asset acquisitions (as opposed to business combinations). Transaction costs associated with asset acquisitions are capitalized, while transaction costs associated with business combinations will continue to be expensed as incurred.

REAL ESTATE

REAL ESTATE	3 Months Ended
	Mar. 31, 2017
Real Estate [Abstract]
REAL ESTATE	REAL ESTATE As of March 31, 2017 , the Company owned three office buildings containing 528,504 rentable square feet, which were collectively 96% occupied. The following table provides summary information regarding the properties owned by the Company as of March 31, 2017 (in thousands): Property Date Acquired City State Property Type Total Real Estate at Cost Accumulated Depreciation and Amortization Total Real Estate, Net Von Karman Tech Center 08/12/2015 Irvine CA Office $ 21,289 $ (1,414 ) $ 19,875 Commonwealth Building 06/30/2016 Portland OR Office 74,051 (2,698 ) 71,353 The Offices at Greenhouse 11/14/2016 Houston TX Office 46,604 (894 ) 45,710 $ 141,944 $ (5,006 ) $ 136,938 As of March 31, 2017 , the following properties represented more than 10% of the Company’s total assets: Property Location Rentable Total Real Estate, Net (in thousands) Percentage of Total Assets Annualized Base Rent (in thousands) (1) Average Annualized Base Rent per sq. ft. Occupancy Von Karman Tech Center Irvine, CA 101,161 $ 19,875 12.8 % $ 2,277 $ 22.51 100.0 % Commonwealth Building Portland, OR 224,122 71,353 45.8 % 5,288 25.61 93.8 % The Offices at Greenhouse Houston, TX 203,221 45,710 29.4 % 3,996 20.65 95.2 % _____________________ (1) Annualized base rent represents annualized contractual base rental income as of March 31, 2017 , adjusted to straight-line any contractual tenant concessions (including free rent), rent increases and rent decreases from the lease’s inception through the balance of the lease term. Operating Leases The Company’s real estate properties are leased to tenants under operating leases for which the terms and expirations vary. As of March 31, 2017 , the leases had remaining terms, excluding options to extend, of up to 9.3 years with a weighted-average remaining term of 4.9 years. Some of the leases have provisions to extend the term of the leases, options for early termination for all or a part of the leased premises after paying a specified penalty, and other terms and conditions as negotiated. The Company retains substantially all of the risks and benefits of ownership of the real estate assets leased to tenants. Generally, upon the execution of a lease, the Company requires a security deposit from the tenant in the form of a cash deposit and/or a letter of credit. The amount required as a security deposit varies depending upon the terms of the respective lease and the creditworthiness of the tenant, but generally is not a significant amount. Therefore, exposure to credit risk exists to the extent that a receivable from a tenant exceeds the amount of its security deposit. Security deposits received in cash related to tenant leases are included in other liabilities in the accompanying consolidated balance sheets and totaled $0.6 million and $0.6 million as of March 31, 2017 and December 31, 2016 . During the three months ended March 31, 2017 and 2016 , the Company recognized deferred rent from tenants, net of lease incentive amortization, of $0.2 million and $0.1 million , respectively. As of March 31, 2017 and December 31, 2016 , the cumulative deferred rent balance was $1.1 million and $0.9 million , respectively, and is included in rents and other receivables on the accompanying balance sheets. The cumulative deferred rent balance included $0.2 million and $0.2 million of unamortized lease incentives as of March 31, 2017 and December 31, 2016 , respectively. As of March 31, 2017 , the future minimum rental income from the Company’s properties under its non-cancelable operating leases was as follows (in thousands): April 1, 2017 through December 31, 2017 $ 7,992 2018 10,026 2019 9,534 2020 9,002 2021 7,613 Thereafter 14,689 $ 58,856 As of March 31, 2017 , the Company had a concentration of credit risk related to AECOM, a tenant in The Offices at Greenhouse in the engineering industry, which represented 26% of the Company’s annualized base rent. The tenant individually occupied 140,922 rentable square feet or approximately 27% of the total rentable square feet of the Company’s real estate portfolio. Of the 140,922 rentable square feet, 5,195 rentable square feet expires on July 24, 2019, with two three -year extension options, and 135,727 rentable square feet expires on December 31, 2024 , with two five -year extension options. As of March 31, 2017 , the annualized base rent for this tenant was approximately $3.0 million or $21.39 per square foot. No other tenant represented more than 10% of the Company’s annualized base rent. No material tenant credit issues have been identified at this time. As of March 31, 2017 , the Company’s real estate properties were leased to approximately 40 tenants over a diverse range of industries. The Company’s highest tenant industry concentration (greater than 10% of annualized base rent) was as follows: Industry Number of Tenants Annualized Base Rent (1) Percentage of Annualized Base Rent Professional, scientific and legal 8 $ 4,795 41.5 % Information 4 1,433 12.4 % _____________________ (1) Annualized base rent represents annualized contractual base rental income as of March 31, 2017 , adjusted to straight-line any contractual tenant concessions (including free rent), rent increases and rent decreases from the lease’s inception through the balance of the lease term. As of March 31, 2017 , no other tenant industries accounted for more than 10% of annualized base rent. No material tenant credit issues have been identified at this time.

TENANT ORIGINATION AND ABSORPTI

TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES	3 Months Ended
	Mar. 31, 2017
Tenant Origination and Absorption Costs, Above-Market Lease Assets and Below-Market Lease Liabilities [Abstract]
TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES	TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES As of March 31, 2017 and December 31, 2016 , the Company’s tenant origination and absorption costs, above-market lease assets and below-market lease liabilities (excluding fully amortized assets and liabilities and accumulated amortization) were as follows (in thousands): Tenant Origination and Absorption Costs Above-Market Lease Assets Below-Market Lease Liabilities March 31, 2017 December 31, 2016 March 31, 2017 December 31, 2016 March 31, 2017 December 31, 2016 Cost $ 13,528 $ 13,528 $ 214 $ 214 $ (5,727 ) $ (5,727 ) Accumulated Amortization (1,886 ) (1,253 ) (12 ) (4 ) 1,049 698 Net Amount $ 11,642 $ 12,275 $ 202 $ 210 $ (4,678 ) $ (5,029 ) Increases (decreases) in net income as a result of amortization of the Company’s tenant origination and absorption costs, above-market lease assets and below-market lease liabilities for the three months ended March 31, 2017 and 2016 were as follows (in thousands): Tenant Origination and Absorption Costs Above-Market Lease Assets Below-Market Lease Liabilities For the Three Months Ended March 31, For the Three Months Ended March 31, For the Three Months Ended March 31, 2017 2016 2017 2016 2017 2016 Amortization $ (633 ) $ (96 ) $ (8 ) $ — $ 351 $ 6

NOTES PAYABLE

NOTES PAYABLE	3 Months Ended
	Mar. 31, 2017
Notes Payable [Abstract]
NOTES PAYABLE	NOTES PAYABLE As of March 31, 2017 , the Company’s notes payable consisted of the following (dollars in thousands): Book Value as of March 31, 2017 Book Value as of December 31, 2016 Contractual Interest Rate as of March 31, 2017 (1) Effective Interest Rate at March 31, 2017 (1) Payment Type Maturity Date (2) Von Karman Tech Center Mortgage Loan (3) $ 11,260 $ 11,260 One-month LIBOR + 1.90% 2.78% Interest Only 09/01/2020 Commonwealth Building Mortgage Loan (4) 41,000 41,000 One-month LIBOR + 2.15% 2.94% Interest Only 07/01/2021 Term Loan (5) 30,550 30,550 One-month LIBOR + 2.35% 3.14% Interest Only 11/14/2019 Unsecured Revolving Credit Facility (6) — — (6) (6) (6) 01/08/2018 Notes payable principal outstanding 82,810 82,810 Deferred financing costs, net (1,326 ) (1,435 ) Notes payable, net $ 81,484 $ 81,375 _____________________ (1) Contractual interest rate represents the interest rate in effect under the loan as of March 31, 2017 . Effective interest rate is calculated as the actual interest rate in effect at March 31, 2017 (consisting of the contractual interest rate), using interest rate indices at March 31, 2017 , where applicable. (2) Represents the maturity date as of March 31, 2017 ; subject to certain conditions, the maturity dates of certain loans may be extended beyond the dates shown. (3) Subsequent to March 31, 2017 , the Company paid off the Von Karman Tech Center Mortgage Loan with cash on hand and proceeds from the Term Loan. See footnote (5) below. (4) As of March 31, 2017 , $41.0 million of term debt was outstanding and $6.4 million remained available for future disbursements, subject to certain terns and conditions set for in the loan documents. (5) As of March 31, 2017 , the Term Loan was secured by The Offices at Greenhouse. The face amount of the Term Loan is $65.0 million , of which $32.5 million is term commitment and $32.5 million is revolving commitment. The outstanding principal balance bears interest at a rate of 235 basis points over one-month LIBOR. As of March 31, 2017 the outstanding balance under the loan was $30.6 million of term commitment. As of March 31, 2017 , an additional $1.9 million of term commitment and $32.5 million of revolving commitment remained available for future disbursement, subject to certain terms and conditions set forth in the loan documents. On May 9, 2017 , the Company entered into an Assumption and Joinder Agreement with the lender of the Term Loan for Von Karman Tech Center to be added as a collateral property under the Term Loan. The unfunded commitment of $14.9 million , consisting of $1.9 million of term commitment and $13.0 million of revolving commitment, was assigned to Von Karman Tech Center, of which $1.9 million of the term commitment was funded at closing. (6) The Unsecured Revolving Credit Facility bears interest at a floating rate of 275 basis points plus the greater of zero percent and one-month LIBOR. Monthly payments are initially interest only. However, if the Company does not meet the equity raised requirement, it will be required to pay the minimum principal amortization payments in four equal installments on or before October 6, 2017, November 8, 2017, December 8, 2017 and January 8, 2018. As of March 31, 2017 , $10.0 million of the Unsecured Revolving Credit Facility remained available for future disbursements, subject to certain terms and conditions set forth in the loan documents. During the three months ended March 31, 2017 and 2016 , the Company incurred $0.7 million and $0.2 million of interest expense, respectively. As of March 31, 2017 and December 31, 2016 , $0.2 million and $0.2 million of interest expense were payable, respectively. Included in interest expense during the three months ended March 31, 2017 and 2016 were $0.1 million and $15,485 of amortization of deferred financing costs, respectively. The following is a schedule of maturities, including principal amortization payments, for all notes payable outstanding as of March 31, 2017 (in thousands): April 1, 2017 through December 31, 2017 $ — 2018 — 2019 30,550 2020 11,260 2021 41,000 Thereafter — $ 82,810 The Company’s notes payable contain financial debt covenants. As of December 31, 2016 , the Company was in compliance with these debt covenants.

FAIR VALUE DISCLOSURES

FAIR VALUE DISCLOSURES	3 Months Ended
	Mar. 31, 2017
Fair Value Disclosures [Abstract]
FAIR VALUE DISCLOSURES	FAIR VALUE DISCLOSURES Under GAAP, the Company is required to measure certain financial instruments at fair value on a recurring basis. In addition, the Company is required to measure other non-financial and financial assets at fair value on a non-recurring basis (e.g., carrying value of impaired real estate loans receivable and long-lived assets). Fair value, as defined under GAAP, is the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The GAAP fair value framework uses a three-tiered approach. Fair value measurements are classified and disclosed in one of the following three categories: • Level 1: unadjusted quoted prices in active markets that are accessible at the measurement date for identical assets or liabilities; • Level 2: quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-derived valuations in which significant inputs and significant value drivers are observable in active markets; and • Level 3: prices or valuation techniques where little or no market data is available that requires inputs that are both significant to the fair value measurement and unobservable. The fair value for certain financial instruments is derived using valuation techniques that involve significant management judgment. The price transparency of financial instruments is a key determinant of the degree of judgment involved in determining the fair value of the Company’s financial instruments. Financial instruments for which actively quoted prices or pricing parameters are available and for which markets contain orderly transactions will generally have a higher degree of price transparency than financial instruments for which markets are inactive or consist of non-orderly trades. The Company evaluates several factors when determining if a market is inactive or when market transactions are not orderly. The following is a summary of the methods and assumptions used by management in estimating the fair value of each class of financial instrument for which it is practicable to estimate the fair value: Cash and cash equivalents, rent and other receivables, and accounts payable and accrued liabilities: These balances approximate their fair values due to the short maturities of these items. Notes payable: The fair value of the Company’s notes payable is estimated using a discounted cash flow analysis based on management’s estimates of current market interest rates for instruments with similar characteristics, including remaining loan term, loan-to-value ratio, type of collateral and other credit enhancements. Additionally, when determining the fair value of liabilities in circumstances in which a quoted price in an active market for an identical liability is not available, the Company measures fair value using (i) a valuation technique that uses the quoted price of the identical liability when traded as an asset or quoted prices for similar liabilities when traded as assets or (ii) another valuation technique that is consistent with the principles of fair value measurement, such as the income approach or the market approach. The Company classifies these inputs as Level 3 inputs. The following were the face values, carrying amounts and fair values of the Company’s notes payable as of March 31, 2017 and December 31, 2016 , which carrying amounts generally do not approximate the fair values (in thousands): March 31, 2017 December 31, 2016 Face Value Carrying Amount Fair Value Face Value Carrying Amount Fair Value Financial liabilities: Notes payable $ 82,810 $ 81,484 $ 82,365 $ 82,810 $ 81,375 $ 82,443 Disclosure of the fair values of financial instruments is based on pertinent information available to the Company as of the period end and requires a significant amount of judgment. The actual value could be materially different from the Company’s estimate of value.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2017
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED-PARTY TRANSACTIONS Pursuant to the Advisory Agreement, the Private Offering Dealer Manager Agreement and the Public Offering Dealer Manager Agreement, the Company is or was obligated to pay the Advisor and the Dealer Manager specified fees upon the provision of certain services related to the Private Offering and the Public Offering, the investment of funds in real estate and real estate-related investments, management of the Company’s investments and for other services (including, but not limited to, the disposition of investments). The Company is or was also obligated to reimburse the Advisor and Dealer Manager for organization and offering costs incurred by the Advisor and the Dealer Manager on behalf of the Company, and the Company is obligated to reimburse the Advisor for acquisition and origination expenses and certain operating expenses incurred on behalf of the Company or incurred in connection with providing services to the Company. In addition, the Advisor is entitled to certain other fees, including an incentive fee upon achieving certain performance goals, as detailed in the Advisory Agreement. In addition, in connection with certain property acquisitions, the Company, through indirect wholly owned subsidiaries, will enter or has entered into separate Property Management Agreements with the Co-Manager, an affiliate of the Advisor. The Company has also entered into a fee reimbursement agreement with the Dealer Manager pursuant to which the Company agreed to reimburse the Dealer Manager for certain fees and expenses it incurs for administering the Company’s participation in the DTCC Alternative Investment Product Platform with respect to certain accounts of the Company’s investors serviced through the platform. The Advisor and Dealer Manager also serve as the advisor and dealer manager, respectively, for KBS Real Estate Investment Trust, Inc., KBS Real Estate Investment Trust II, Inc., KBS Real Estate Investment Trust III, Inc., KBS Strategic Opportunity REIT, Inc., KBS Legacy Partners Apartment REIT, Inc. and KBS Strategic Opportunity REIT II, Inc. The Company, together with KBS Real Estate Investment Trust, Inc., KBS Real Estate Investment Trust II, Inc., KBS Strategic Opportunity REIT, Inc., KBS Legacy Partners Apartment REIT, Inc., KBS Real Estate Investment Trust III, Inc., KBS Strategic Opportunity REIT II, Inc., the Dealer Manager, the Advisor and other KBS affiliated entities, entered into an errors and omissions and directors and officers liability insurance program where the lower tiers of such insurance coverage are shared. The cost of these lower tiers is allocated by the Advisor and its insurance broker among each of the various entities covered by the program and is billed directly to each entity. The allocation of these shared coverage costs is proportionate to the pricing by the insurance marketplace for the first tiers of directors and officers liability coverage purchased individually by each REIT. The Advisor’s and the Dealer Manager’s portion of the shared lower tiers’ cost is proportionate to the respective entities’ prior cost for the errors and omissions insurance. The insurance program is effective through June 30, 2017. During the three months ended March 31, 2017 and 2016 , no other business transactions occurred between the Company and KBS Real Estate Investment Trust, Inc., KBS Real Estate Investment Trust II, Inc., KBS Real Estate Investment Trust III, Inc., KBS Strategic Opportunity REIT, Inc., KBS Legacy Partners Apartment REIT, Inc. and KBS Strategic Opportunity REIT II, Inc. Pursuant to the terms of these agreements, summarized below are the related-party costs incurred by the Company for the three months ended March 31, 2017 and 2016 , respectively, and any related amounts payable as of March 31, 2017 and December 31, 2016 (in thousands). Payable as of Three Months Ended March 31, 2017 2016 March 31, 2017 December 31, 2016 Expensed Asset management fees $ 214 $ 20 $ — $ — Reimbursement of operating expenses (1) 54 52 17 17 Property management fees (2) 29 8 11 16 Other Arrangement Advisor advance for cash distributions (3) — 458 1,338 1,338 Additional Paid-in Capital Selling commissions 61 1,834 — — Dealer manager fees 35 713 — — Stockholder servicing fees 51 — 85 37 Reimbursable other offering costs (4) 23 325 49 26 $ 467 $ 3,410 $ 1,500 $ 1,434 _____________________ (1) See “Reimbursable Operating Expenses” below. (2) See “Real Estate Property Co-Management Agreement” below. (3) See “Advance from the Advisor” below. (4) See “Organization and Offering Costs” below. Reimbursable Operating Expenses Reimbursable operating expenses primarily related to directors and officers liability insurance, legal fees, state and local taxes, accounting software and cybersecurity related expenses incurred by the Advisor under the Advisory Agreement. The Company has reimbursed the Advisor for the Company’s allocable portion of the salaries, benefits and overhead of internal audit department personnel providing services to the Company. These amounts totaled $52,342 and $2,547 for the three months ended March 31, 2017 and 2016 , respectively, and were the only type of employee costs reimbursed under the Advisory Agreement for the three months ended March 31, 2017 and 2016 , respectively. The Company will not reimburse for employee costs in connection with services for which the Advisor earns acquisition, origination or disposition fees (other than reimbursement of travel and communication expenses) or for the salaries or benefits the Advisor or its affiliates may pay to the Company’s executive officers. In addition to the amounts above, the Company reimburses the Advisor for certain of the Company’s direct costs incurred from third parties that were initially paid by the Advisor on behalf of the Company. Commencing with the quarter ended December 31, 2016, the Advisor must reimburse the Company the amount by which the Company’s aggregate total operating expenses for the four fiscal quarters then ended exceed the greater of 2% of the Company’s average invested assets or 25% of the Company’s net income, unless the conflicts committee has determined that such excess expenses were justified based on unusual and non-recurring factors. The Company’s conflicts committee determined that the relationship of the Company’s total operating expenses and its net assets was justified for each of the four fiscal quarters ended March 31, 2017 and December 31, 2016 given the costs of operating a public company and the early stage of the Company’s operations and approved total operating expenses in excess of the operating expense reimbursement obligation in the first quarter of 2017 and fourth quarter of 2016. Advance from the Advisor The Advisor advanced funds to the Company, which are non-interest bearing, for distribution record dates through the period ended May 31, 2016. The Company is only obligated to repay the Advisor for its advance if and to the extent that: (i) the Company’s modified funds from operations (“MFFO”), as such term is defined by the Investment Program Association and interpreted by the Company, for the immediately preceding month exceeds the amount of cash distributions declared for record dates of such prior month (an “MFFO Surplus”), and the Company will pay the Advisor the amount of the MFFO Surplus to reduce the principal amount outstanding under the advance, provided that such payments shall only be made if management in its sole discretion expects an MFFO Surplus to be recurring for at least the next two calendar quarters, determined on a quarterly basis; or (ii) Excess proceeds from third-party financings are available (“Excess Proceeds”), provided that the amount of any such Excess Proceeds that may be used to repay the principal amount outstanding under the advance shall be determined by the conflicts committee in its sole discretion. In determining whether Excess Proceeds are available to repay the advance, the Company’s conflicts committee will consider whether cash on hand could have been used to reduce the amount of third-party financing provided to us. If such cash could have been used instead of third-party financing, the third-party financing proceeds will be available to repay the advance. Real Estate Property Co-Management Agreements In connection with its property acquisitions, the Company, through separate indirect wholly owned subsidiaries, entered into separate property management agreements (each, a “Property Management Agreement”) with KBS Management Group, LLC (the “Co-Manager”), an affiliate of the Advisor. Under each Property Management Agreement, the Co-Manager will provide certain management services related to these properties in addition to those provided by the third-party property managers. In exchange for these services, the properties will pay the Co-Manager a monthly fee equal to a percentage of the rent, payable and actually collected for the month from each of the properties. Each Property Management Agreement has an initial term of one year and will be deemed renewed for successive one -year periods provided it is not terminated. Each party may terminate the Property Management Agreement without cause on 30 days’ written notice to the other party and may terminate each Property Management Agreement for cause on 5 days’ written notice to the other party upon the occurrence of certain events as detailed in each Property Management Agreement. Property Name Effective Date Annual Fee Percentage Von Karman Tech Center 07/31/2015 1.50% Commonwealth Building 07/01/2016 1.25% The Offices at Greenhouse 11/14/2016 0.25% Organization and Offering Costs Offering costs include all expenses incurred in connection with the Private Offering and the Public Offering. Organization costs include all expenses incurred in connection with the formation of the Company, including but not limited to legal fees and other costs to incorporate the Company. With respect to the Public Offering, the Advisor and the Dealer Manager will generally pay the organization and offering expenses of the Company incurred in the Primary Offering (other than selling commissions, dealer manager fees and stockholder servicing fees paid other than in connection with the Company’s online distribution channel) directly and the Company will reimburse the Advisor and the Dealer Manager for the commercially reasonable organization and other offering expenses they incur on behalf of the Company in connection with the Primary Offering subject to the following limitations. No reimbursements made by the Company to the Advisor or the Dealer Manager may cause total organization and offering expenses incurred by the Company (including selling commissions, dealer manager fees, the stockholder servicing fee and all other items of organization and offering expenses) to exceed 15% of the aggregate gross proceeds from the Primary Offering and the DRP Offering as of the date of reimbursement. The Company will reimburse the Advisor, the Dealer Manager and its affiliates for up to 1% of gross proceeds raised in the Primary Offering, provided that the Company will not be responsible for paying or reimbursing the Advisor or its affiliates for any organization and other offering expenses related to shares sold in the Primary Offering through the Company’s online distribution channel. The Advisor, the Dealer Manager and its affiliates will be responsible for all organization and other offering expenses (which excludes selling commissions, dealer manager fees and stockholder servicing fees paid other than in connection with the Company’s online distribution channel) related to the Primary Offering to the extent they exceed 1% of gross proceeds raised in the Primary Offering (excluding gross proceeds raised in the Primary Offering through the Company’s online distribution channel) and the Advisor and its affiliates will be responsible for all organization and other offering expenses related to shares sold in the Primary Offering through the Company’s online distribution channel. The Company may pay organization and other offering expenses directly to the extent the Company believes it would ultimately be responsible for reimbursing the Advisor for such costs pursuant to the terms above had the Advisor paid the costs directly. The Company does not reimburse the Dealer Manager for wholesaling compensation expenses. During the Private Offering, there was no limit on the amount of organization and offering costs the Company could incur, and the Company was obligated to reimburse the Advisor and its affiliates for all organization and offering costs (excluding wholesaling compensation expenses) paid by them on behalf of the Company. Through March 31, 2017 , the Advisor and its affiliates had incurred organization and other offering costs (which exclude selling commissions, dealer manager fees and stockholder servicing fees) on the Company’s behalf in connection with the Public Offering of approximately $4.5 million . As of March 31, 2017 , the Company had recorded $48,732 of organization and other offering expenses related to the Public Offering, which amounts represent the Company's maximum liability for organization and other offering costs as of March 31, 2017 based on the limitations described above. As March 31, 2017 , the Company had recorded $1.5 million of organization and other offering costs related to the Private Offering. Organization costs are expensed as incurred and offering costs are deferred and charged to stockholder’s equity as such amounts are reimbursed to the Advisor, the Dealer Manager or their affiliates from the gross proceeds of the applicable offering.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Economic Dependency The Company depends on the Advisor and the Dealer Manager for certain services that are essential to the Company, including the sale of the Company’s shares of common stock; the identification, evaluation, negotiation, origination, acquisition and disposition of investments; management of the daily operations of the Company’s investment portfolio; and other general and administrative responsibilities. In the event that these companies are unable to provide the respective services, the Company will be required to obtain such services from other sources. Legal Matters From time to time, the Company may become party to legal proceedings that arise in the ordinary course of its business. Management is not aware of any legal proceedings of which the outcome is probable or reasonably possible to have a material adverse effect on the Company’s results of operations or financial condition, which would require accrual or disclosure of the contingency and possible range of loss. Additionally, the Company has not recorded any loss contingencies related to legal proceedings in which the potential loss is deemed to be remote. Environmental As an owner of real estate, the Company is subject to various environmental laws of federal, state and local governments. Although there can be no assurance, the Company is not aware of any environmental liability that could have a material adverse effect on its financial condition or results of operations. However, changes in applicable environmental laws and regulations, the uses and conditions of properties in the vicinity of the Company’s property, the activities of its tenants and other environmental conditions of which the Company is unaware with respect to the property could result in future environmental liabilities.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2017
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS The Company evaluates subsequent events up until the date the consolidated financial statements are issued. Status of the Offering The Company commenced the Public Offering on April 28, 2016. As of May 5, 2017 , the Company had sold 324,412 and 264,557 shares of Class A and Class T common stock in the Public Offering, respectively, for aggregate gross offering proceeds of $5.9 million . Included in these amounts were 215,587 and 2,583 shares of Class A and Class T common stock under its distribution reinvestment plan, respectively, for aggregate gross offering proceeds of $2.1 million . Cash Distributions Paid On April 3, 2017 , the Company paid cash distributions of $0.4 million and $7,415 , which related to Class A and Class T cash distributions, respectively, declared for daily record dates for each day in the period from March 1, 2017 through March 31, 2017 . On May 2, 2017 , the Company paid cash distributions of $0.4 million and $7,809 , which related to Class A and Class T cash distributions, respectively, declared for daily record dates for each day in the period from April 1, 2017 through April 30, 2017 . Stock Dividends Issued On April 4, 2017 , the Company issued 7,476 shares of Class A common stock and 187 shares of Class T common stock in connection with stock dividends declared for each share of common stock outstanding on March 31, 2017 . On May 3, 2017 , the Company issued 7,512 shares of Class A common stock and 216 shares of Class T common stock in connection with Class A and Class T stock dividends declared for each share of common stock outstanding on April 30, 2017 . Distributions Declared On May 9, 2017, the Company’s board of directors declared cash distributions on the outstanding shares of all classes of the Company’s common stock based on daily record dates for the period from June 1, 2017 through June 30, 2017, which the Company expects to pay in July 2017, and the period from July 1, 2017 through July 31, 2017, which the Company expects to pay in August 2017. Investors may choose to receive cash distributions or purchase additional shares through the Company’s distribution reinvestment plan. Distributions for these periods will be calculated based on stockholders of record each day during these periods at a rate of (i) $0.00136986 per share per day, reduced by (ii) the applicable daily class-specific stockholder servicing fees accrued for and allocable to any class of common stock, divided by the number of shares of common stock of such class outstanding as of the close of business on the respective record date. On May 9, 2017, the Company’s board of directors declared stock dividends of 0.00083333 shares and 0.00083333 shares of common stock on each outstanding share of common stock to all stockholders of record as of the close of business on June 30, 2017 and July 31, 2017 , respectively, which the Company expects to issue in July 2017 and August 2017 , respectively. Stock dividends are issued in the same class of shares as the shares for which such stockholder received the stock dividend. Second Amended and Restated Distribution Reinvestment Plan On April 5, 2017, the Company’s board of directors adopted the Second Amended and Restated Distribution Reinvestment Plan (the “Amended DRP”). Pursuant to the Amended DRP, until the Company announces an estimated NAV per share, participants in the distribution reinvestment plan will acquire shares of the common stock of the Company at the “net investment amount” per share disclosed in the most recent prospectus for the Company’s public offering. This amount will be based on the “amount available for investment/net investment amount” percentage shown in the estimated use of proceeds table of the prospectus for the Company’s public offering. The net investment amount per share is the same for all shares. Purchases pursuant to the distribution reinvestment plan will be in the same class of shares as the shares for which such stockholder received the distributions that are being reinvested. For both Class A and Class T shares, the distribution reinvestment plan purchase price will be equal to $9.40 per share. The change to the purchase price of shares in the Company’s distribution reinvestment plan offering took effect on April 28, 2017. There were no other changes in the Amended DRP.

SUMMARY OF SIGNIFICANT ACCOUN16

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Basis of Presentation	The accompanying unaudited consolidated financial statements and condensed notes thereto have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information as contained within the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) and the rules and regulations of the SEC, including the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, the unaudited consolidated financial statements do not include all of the information and footnotes required by GAAP for audited financial statements. In the opinion of management, the financial statements for the unaudited interim periods presented include all adjustments, which are of a normal and recurring nature, necessary for a fair and consistent presentation of the results for such periods. Operating results for the three months ended March 31, 2017 are not necessarily indicative of the results that may be expected for the year ending December 31, 2017.
Principles of Consolidation	The consolidated financial statements include the accounts of the Company, REIT Holdings, the Operating Partnership, and their direct and indirect wholly owned subsidiaries. All significant intercompany balances and transactions are eliminated in consolidation.
Use of Estimates	The preparation of the consolidated financial statements and the accompanying notes thereto in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could materially differ from those estimates.
Segments	The Company had invested in three office buildings as of March 31, 2017 . Substantially all of the Company’s revenue and net loss is from real estate, and therefore, the Company currently operates in one reportable segment.
Per Share Data	During the three months ended March 31, 2017 , aggregate cash distributions declared per share of Class A common stock were $0.12328740 , assuming the share was issued and outstanding each date that was a record date for distributions during the period. During the three months ended March 31, 2017 , aggregate cash distributions declared per share of Class T common stock were $0.09880255 , assuming the share was issued and outstanding each date that was a record date for distributions during the period. During the three months ended March 31, 2016 , aggregate cash distributions declared per share of Class A common stock were $0.12328740 , assuming the share was issued and outstanding each date that was a record date for distributions during the period. No shares of Class T common stock were outstanding during three months ended March 31, 2016 . For each day that was a record date for distributions during the three months ended March 31, 2017 and 2016 , distributions were calculated at a rate of (i) $0.00136986 per share per day, less (ii) the applicable daily class-specific stockholder servicing fees accrued for and allocable to any class of common stock, divided by the number of shares of common stock of such class outstanding as of the close of business on each respective record date. Each day during the three months ended March 31, 2017 and 2016 was a record date for distributions. Basic net income (loss) per share of common stock is calculated by dividing net income (loss) by the weighted-average number of shares of common stock issued and outstanding during such period. Diluted net income (loss) per share of common stock equals basic net income (loss) per share of common stock as there were no potentially dilutive securities outstanding for the three months ended March 31, 2017 and 2016 , respectively. For the purpose of determining the weighted average number of shares outstanding, stock dividends issued during the period presented and subsequent to March 31, 2017 but before the issuance of the consolidated financial statements are adjusted retroactively and treated as if they were issued and outstanding for all periods presented.
Recently Issued Accounting Standards Updates	In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU No. 2014-09”). ASU No. 2014-09 requires an entity to recognize the revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. ASU No. 2014-09 supersedes the revenue requirements in Revenue Recognition (Topic 605) and most industry-specific guidance throughout the Industry Topics of the Codification. ASU No. 2014-09 does not apply to lease contracts within the scope of Leases (Topic 840). ASU No. 2014-09 was to be effective for fiscal years, and interim periods within those years, beginning after December 15, 2016, and is to be applied retrospectively, with early application not permitted. In August 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date (“ASU No. 2015-14”), which defers the effective date of ASU No. 2014-09 by one year. Early adoption is permitted but not before the original effective date. As the primary source of revenue for the Company is generated through leasing arrangements, which are scoped out of this standard, the Company does not expect the adoption of ASU No. 2014-09 to have a significant impact on its financial statements. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU No. 2016-01”). The amendments in ASU No. 2016-01 address certain aspects of recognition, measurement, presentation and disclosure of financial instruments. ASU No. 2016-01 primarily affects accounting for equity investments and financial liabilities where the fair value option has been elected. ASU No. 2016-01 also requires entities to present financial assets and financial liabilities separately, grouped by measurement category and form of financial asset in the balance sheet or in the accompanying notes to the financial statements. ASU No. 2016-01 is effective for annual periods beginning after December 15, 2017, including interim periods within those fiscal years. Early application is permitted for financial statements that have not been previously issued. The Company does not expect the adoption of ASU No. 2016-01 to have a significant impact on its financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) (“ASU No. 2016-02”). The amendments in ASU No. 2016-02 change the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. ASU No. 2016-02 is effective for annual periods beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption of ASU No. 2016-02 as of its issuance is permitted. The new leases standard requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. The Company is currently evaluating the impact of adopting the new leases standard on its consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses of Financial Instruments (“ASU No. 2016-13”). ASU No. 2016-13 affects entities holding financial assets and net investments in leases that are not accounted for at fair value through net income. The amendments in ASU No. 2016-13 require a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial asset(s) to present the net carrying value at the amount expected to be collected on the financial asset. ASU No. 2016-13 also amends the impairment model for available-for-sale securities. An entity will recognize an allowance for credit losses on available-for-sale debt securities as a contra-account to the amortized cost basis rather than as a direct reduction of the amortized cost basis of the investment, as is currently required. ASU No. 2016-13 also requires new disclosures. For financial assets measured at amortized cost, an entity will be required to disclose information about how it developed its allowance for credit losses, including changes in the factors that influenced management’s estimate of expected credit losses and the reasons for those changes. For financing receivables and net investments in leases measured at amortized cost, an entity will be required to further disaggregate the information it currently discloses about the credit quality of these assets by year of the asset’s origination for as many as five annual periods. For available for sale securities, an entity will be required to provide a roll-forward of the allowance for credit losses and an aging analysis for securities that are past due. ASU No. 2016-13 is effective for annual periods beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is still evaluating the impact of adopting ASU No. 2016-13 on its financial statements, but does not expect the adoption of ASU No. 2016-13 to have a material impact on its financial statements. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (“ASU No. 2016-15”). ASU No. 2016-15 is intended to reduce diversity in practice in how certain transactions are classified in the statement of cash flows. The amendments in ASU No. 2016-15 provide guidance on eight specific cash flow issues, including the following that are or may be relevant to the Company: (a) Cash payments for debt prepayment or debt extinguishment costs should be classified as cash outflows for financing activities; (b) Cash payments relating to contingent consideration made soon after an acquisition’s consummation date (i.e., approximately three months or less) should be classified as cash outflows for investing activities. Payments made thereafter should be classified as cash outflows for financing activities up to the amount of the original contingent consideration liability. Payments made in excess of the amount of the original contingent consideration liability should be classified as cash outflows for operating activities; (c) Cash payments received from the settlement of insurance claims should be classified on the basis of the nature of the loss (or each component loss, if an entity receives a lump-sum settlement); (d) Relating to distributions received from equity method investments, ASU No. 2016-15 provides an accounting policy election for classifying distributions received from equity method investments. Such amounts can be classified using a (1) cumulative earnings approach, or (2) nature of distribution approach. Under the cumulative earnings approach, an investor would compare the distributions received to its cumulative equity method earnings since inception. Any distributions received up to the amount of cumulative equity earnings would be considered a return on investment and classified in operating activities. Any excess distributions would be considered a return of investment and classified in investing activities. Alternatively, an investor can choose to classify the distributions based on the nature of activities of the investee that generated the distribution. If the necessary information is subsequently not available for an investee to determine the nature of the activities, the entity should use the cumulative earnings approach for that investee and report a change in accounting principle on a retrospective basis; (e) In the absence of specific guidance, an entity should classify each separately identifiable cash source and use on the basis of the nature of the underlying cash flows. For cash flows with aspects of more than one class that cannot be separated, the classification should be based on the activity that is likely to be the predominant source or use of cash flow. ASU No. 2016-15 is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The Company is still evaluating the impact of adopting ASU No. 2016-15 on its financial statements, but does not expect the adoption of ASU No. 2016-15 to have a material impact on its financial statements, but does not expect the adoption of ASU No. 2016-15 to have a material impact to its financial statements. In November 2016, the FASB issued ASU No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash (“ASU No. 2016-18”). ASU No. 2016-18 requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, restricted cash and restricted cash equivalents. Therefore, amounts generally described as restricted cash should be included with cash and cash equivalents when reconciling the beginning of period and end of period total amounts shown on the statement of cash flows. ASU No. 2016-18 is effective for annual periods beginning after December 15, 2017, including interim periods within those fiscal years. The Company elected to early adopt ASU No. 2016-18 for the reporting period ended December 31, 2016 and it was applied retrospectively. As a result of the adoption of ASU No. 2016-18, the Company no longer presents the changes within restricted cash in the consolidated statements of cash flows. In January 2017, the FASB issued ASU No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business (“ASU No. 2017-01”) to add guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. ASU No. 2017-01 provides a screen to determine when an integrated set of assets and activities (collectively referred to as a “set”) is not a business. The screen requires that when substantially all of the fair value of the gross assets acquired (or disposed of) is concentrated in a single identifiable asset or a group of similar identifiable assets, the set is not a business. If the screen is not met, ASU No. 2017-01 (1) requires that to be considered a business, a set must include, at a minimum, an input and a substantive process that together significantly contribute to the ability to create output and (2) removes the evaluation of whether a market participant could replace missing elements. ASU No. 2017-01 provides a framework to assist entities in evaluating whether both an input and a substantive process are present. The framework includes two sets of criteria to consider that depend on whether a set has outputs. Although outputs are not required for a set to be a business, outputs generally are a key element of a business; therefore, the FASB has developed more stringent criteria for sets without outputs. ASU No. 2017-01 is effective for annual periods beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted. The amendments can be applied to transactions occurring before the guidance was issued (January 5, 2017) as long as the applicable financial statements have not been issued. The Company elected to early adopt ASU No. 2017-01 for the reporting period beginning January 1, 2017. As a result of the adoption of ASU No. 2017-01, the Company’s acquisitions of investment properties beginning January 1, 2017 could qualify as asset acquisitions (as opposed to business combinations). Transaction costs associated with asset acquisitions are capitalized, while transaction costs associated with business combinations will continue to be expensed as incurred.
Square Footage, Occupancy and Other Measures	Any references to square footage, occupancy or annualized base rent are unaudited and outside the scope of the Company’s independent registered public accounting firm’s review of the Company’s financial statements in accordance with the standards of the United States Public Company Accounting Oversight Board.

SUMMARY OF SIGNIFICANT ACCOUN17

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Schedule of Dividends Declared	The Company has declared and issued stock dividends on shares of the Company’s common stock during the three months ended March 31, 2017 and 2016 as follows: Three Months Ended March 31, Amount Declared per Share Outstanding (1) Total Shares Issued 2016 0.00246576 shares 6,974 2017 0.00249999 shares 22,685 _____________________ (1) Stock dividends are declared on a monthly basis and the amount declared per share outstanding assumes each share was issued and outstanding each date that was a record date for stock dividends during the periods presented. Stock dividends are issued in the same class of shares as the shares for which such stockholder received the stock dividend.
Schedule of Earnings Per Share, Including Two Class Method	In accordance with FASB ASC Topic 260-10-45, Earnings Per Share , the Company uses the two-class method to calculate earnings per share. Basic earnings per share is calculated based on dividends declared (“distributed earnings”) and the rights of common shares and participating securities in any undistributed earnings, which represents net income remaining after deduction of dividends declared during the period. The undistributed earnings are allocated to all outstanding common shares based on the relative percentage of each class of shares to the total number of outstanding shares. The Company does not have any participating securities outstanding other than Class A Common Stock and Class T Common Stock during the periods presented. For the Three Months Ended March 31, 2017 2016 Net loss $ (197 ) $ (256 ) Less: Class A Common Stock cash distributions declared 1,099 440 Less: Class T Common Stock cash distributions declared 16 — Undistributed net loss $ (1,312 ) $ (696 ) Class A Common Stock: Undistributed net loss $ (1,289 ) $ (695 ) Class A Common Stock cash distributions declared 1,099 440 Net loss $ (190 ) $ (255 ) Net loss per common share, basic and diluted $ (0.02 ) $ (0.07 ) Weighted-average number of common shares outstanding, basic and diluted 8,934,542 3,671,273 Class T Common Stock: Undistributed net loss $ (23 ) $ (1 ) Class T Common Stock cash distributions declared 16 — Net loss $ (7 ) $ (1 ) Net loss per common share, basic and diluted $ (0.05 ) $ (0.19 ) Weighted-average number of common shares outstanding, basic and diluted 165,029 856

REAL ESTATE (Tables)

REAL ESTATE (Tables)	3 Months Ended
	Mar. 31, 2017
Real Estate [Abstract]
Schedule of Real Estate	The following table provides summary information regarding the properties owned by the Company as of March 31, 2017 (in thousands): Property Date Acquired City State Property Type Total Real Estate at Cost Accumulated Depreciation and Amortization Total Real Estate, Net Von Karman Tech Center 08/12/2015 Irvine CA Office $ 21,289 $ (1,414 ) $ 19,875 Commonwealth Building 06/30/2016 Portland OR Office 74,051 (2,698 ) 71,353 The Offices at Greenhouse 11/14/2016 Houston TX Office 46,604 (894 ) 45,710 $ 141,944 $ (5,006 ) $ 136,938
Schedules of Concentration of Risk, by Risk Factor	As of March 31, 2017 , the following properties represented more than 10% of the Company’s total assets: Property Location Rentable Total Real Estate, Net (in thousands) Percentage of Total Assets Annualized Base Rent (in thousands) (1) Average Annualized Base Rent per sq. ft. Occupancy Von Karman Tech Center Irvine, CA 101,161 $ 19,875 12.8 % $ 2,277 $ 22.51 100.0 % Commonwealth Building Portland, OR 224,122 71,353 45.8 % 5,288 25.61 93.8 % The Offices at Greenhouse Houston, TX 203,221 45,710 29.4 % 3,996 20.65 95.2 % _____________________ (1) Annualized base rent represents annualized contractual base rental income as of March 31, 2017 , adjusted to straight-line any contractual tenant concessions (including free rent), rent increases and rent decreases from the lease’s inception through the balance of the lease term. As of March 31, 2017 , the Company’s real estate properties were leased to approximately 40 tenants over a diverse range of industries. The Company’s highest tenant industry concentration (greater than 10% of annualized base rent) was as follows: Industry Number of Tenants Annualized Base Rent (1) Percentage of Annualized Base Rent Professional, scientific and legal 8 $ 4,795 41.5 % Information 4 1,433 12.4 % _____________________ (1) Annualized base rent represents annualized contractual base rental income as of March 31, 2017 , adjusted to straight-line any contractual tenant concessions (including free rent), rent increases and rent decreases from the lease’s inception through the balance of the lease term.
Schedule of Future Minimum Rental Income for Company's Properties	As of March 31, 2017 , the future minimum rental income from the Company’s properties under its non-cancelable operating leases was as follows (in thousands): April 1, 2017 through December 31, 2017 $ 7,992 2018 10,026 2019 9,534 2020 9,002 2021 7,613 Thereafter 14,689 $ 58,856

TENANT ORIGINATION AND ABSORP19

TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES (Tables)	3 Months Ended
	Mar. 31, 2017
Tenant Origination and Absorption Costs, Above-Market Lease Assets and Below-Market Lease Liabilities [Abstract]
Tenant Origination and Absorption Costs, Above-Market Lease Assets and Below-Market Lease Liabilities	As of March 31, 2017 and December 31, 2016 , the Company’s tenant origination and absorption costs, above-market lease assets and below-market lease liabilities (excluding fully amortized assets and liabilities and accumulated amortization) were as follows (in thousands): Tenant Origination and Absorption Costs Above-Market Lease Assets Below-Market Lease Liabilities March 31, 2017 December 31, 2016 March 31, 2017 December 31, 2016 March 31, 2017 December 31, 2016 Cost $ 13,528 $ 13,528 $ 214 $ 214 $ (5,727 ) $ (5,727 ) Accumulated Amortization (1,886 ) (1,253 ) (12 ) (4 ) 1,049 698 Net Amount $ 11,642 $ 12,275 $ 202 $ 210 $ (4,678 ) $ (5,029 )
Amortization of Tenant Origination and Absorption Costs, Above-Market Leases and Below-Market Lease Liabilities	Increases (decreases) in net income as a result of amortization of the Company’s tenant origination and absorption costs, above-market lease assets and below-market lease liabilities for the three months ended March 31, 2017 and 2016 were as follows (in thousands): Tenant Origination and Absorption Costs Above-Market Lease Assets Below-Market Lease Liabilities For the Three Months Ended March 31, For the Three Months Ended March 31, For the Three Months Ended March 31, 2017 2016 2017 2016 2017 2016 Amortization $ (633 ) $ (96 ) $ (8 ) $ — $ 351 $ 6

NOTES PAYABLE (Tables)

NOTES PAYABLE (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Payable [Abstract]
Schedule of Long-term Debt Instruments	As of March 31, 2017 , the Company’s notes payable consisted of the following (dollars in thousands): Book Value as of March 31, 2017 Book Value as of December 31, 2016 Contractual Interest Rate as of March 31, 2017 (1) Effective Interest Rate at March 31, 2017 (1) Payment Type Maturity Date (2) Von Karman Tech Center Mortgage Loan (3) $ 11,260 $ 11,260 One-month LIBOR + 1.90% 2.78% Interest Only 09/01/2020 Commonwealth Building Mortgage Loan (4) 41,000 41,000 One-month LIBOR + 2.15% 2.94% Interest Only 07/01/2021 Term Loan (5) 30,550 30,550 One-month LIBOR + 2.35% 3.14% Interest Only 11/14/2019 Unsecured Revolving Credit Facility (6) — — (6) (6) (6) 01/08/2018 Notes payable principal outstanding 82,810 82,810 Deferred financing costs, net (1,326 ) (1,435 ) Notes payable, net $ 81,484 $ 81,375 _____________________ (1) Contractual interest rate represents the interest rate in effect under the loan as of March 31, 2017 . Effective interest rate is calculated as the actual interest rate in effect at March 31, 2017 (consisting of the contractual interest rate), using interest rate indices at March 31, 2017 , where applicable. (2) Represents the maturity date as of March 31, 2017 ; subject to certain conditions, the maturity dates of certain loans may be extended beyond the dates shown. (3) Subsequent to March 31, 2017 , the Company paid off the Von Karman Tech Center Mortgage Loan with cash on hand and proceeds from the Term Loan. See footnote (5) below. (4) As of March 31, 2017 , $41.0 million of term debt was outstanding and $6.4 million remained available for future disbursements, subject to certain terns and conditions set for in the loan documents. (5) As of March 31, 2017 , the Term Loan was secured by The Offices at Greenhouse. The face amount of the Term Loan is $65.0 million , of which $32.5 million is term commitment and $32.5 million is revolving commitment. The outstanding principal balance bears interest at a rate of 235 basis points over one-month LIBOR. As of March 31, 2017 the outstanding balance under the loan was $30.6 million of term commitment. As of March 31, 2017 , an additional $1.9 million of term commitment and $32.5 million of revolving commitment remained available for future disbursement, subject to certain terms and conditions set forth in the loan documents. On May 9, 2017 , the Company entered into an Assumption and Joinder Agreement with the lender of the Term Loan for Von Karman Tech Center to be added as a collateral property under the Term Loan. The unfunded commitment of $14.9 million , consisting of $1.9 million of term commitment and $13.0 million of revolving commitment, was assigned to Von Karman Tech Center, of which $1.9 million of the term commitment was funded at closing. (6) The Unsecured Revolving Credit Facility bears interest at a floating rate of 275 basis points plus the greater of zero percent and one-month LIBOR. Monthly payments are initially interest only. However, if the Company does not meet the equity raised requirement, it will be required to pay the minimum principal amortization payments in four equal installments on or before October 6, 2017, November 8, 2017, December 8, 2017 and January 8, 2018. As of March 31, 2017 , $10.0 million of the Unsecured Revolving Credit Facility remained available for future disbursements, subject to certain terms and conditions set forth in the loan documents.
Schedule of Maturities of Long-term Debt	The following is a schedule of maturities, including principal amortization payments, for all notes payable outstanding as of March 31, 2017 (in thousands): April 1, 2017 through December 31, 2017 $ — 2018 — 2019 30,550 2020 11,260 2021 41,000 Thereafter — $ 82,810

FAIR VALUE DISCLOSURES (Tables)

FAIR VALUE DISCLOSURES (Tables)	3 Months Ended
	Mar. 31, 2017
Fair Value Disclosures [Abstract]
Schedule of Face Value, Carrying Amounts and Fair Value	The following were the face values, carrying amounts and fair values of the Company’s notes payable as of March 31, 2017 and December 31, 2016 , which carrying amounts generally do not approximate the fair values (in thousands): March 31, 2017 December 31, 2016 Face Value Carrying Amount Fair Value Face Value Carrying Amount Fair Value Financial liabilities: Notes payable $ 82,810 $ 81,484 $ 82,365 $ 82,810 $ 81,375 $ 82,443

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	3 Months Ended
	Mar. 31, 2017
Related Party Transactions [Abstract]
Schedule of Related Party Costs	Pursuant to the terms of these agreements, summarized below are the related-party costs incurred by the Company for the three months ended March 31, 2017 and 2016 , respectively, and any related amounts payable as of March 31, 2017 and December 31, 2016 (in thousands). Payable as of Three Months Ended March 31, 2017 2016 March 31, 2017 December 31, 2016 Expensed Asset management fees $ 214 $ 20 $ — $ — Reimbursement of operating expenses (1) 54 52 17 17 Property management fees (2) 29 8 11 16 Other Arrangement Advisor advance for cash distributions (3) — 458 1,338 1,338 Additional Paid-in Capital Selling commissions 61 1,834 — — Dealer manager fees 35 713 — — Stockholder servicing fees 51 — 85 37 Reimbursable other offering costs (4) 23 325 49 26 $ 467 $ 3,410 $ 1,500 $ 1,434 _____________________ (1) See “Reimbursable Operating Expenses” below. (2) See “Real Estate Property Co-Management Agreement” below. (3) See “Advance from the Advisor” below. (4) See “Organization and Offering Costs” below.
Schedule of Annual Fee Percentage	Property Name Effective Date Annual Fee Percentage Von Karman Tech Center 07/31/2015 1.50% Commonwealth Building 07/01/2016 1.25% The Offices at Greenhouse 11/14/2016 0.25%

ORGANIZATION (Details)

ORGANIZATION (Details)	Aug. 11, 2015USD ($)$ / sharesshares	Mar. 31, 2017USD ($)propertyshares	Mar. 31, 2017USD ($)propertyshares	Dec. 31, 2016USD ($)shares	Mar. 31, 2017USD ($)propertyshares	Jun. 11, 2015shares	Feb. 04, 2015USD ($)	Jan. 27, 2015$ / sharesshares
Organizational Structure [Line Items]
Managing member or general partner, ownership interest		0.10%
Members or limited partners, ownership interest		99.90%
Number of real estate properties | property		3	3		3
Core property, minimum percent of occupancy		80.00%	80.00%		80.00%
Issuance of common stock, value | $		$ 2,322,000		$ 60,598,000
Class A [Member]
Organizational Structure [Line Items]
Common stock, shares issued		8,971,007	8,971,007	8,846,164	8,971,007
Class A [Member] | Private Placement [Member]
Organizational Structure [Line Items]
Issuance of common stock, value | $					$ 76,800,000
Stock issued during period, value, dividend reinvestment plan | $					$ 700,000
Class T [Member]
Organizational Structure [Line Items]
Common stock, shares issued		223,881	223,881	94,018	223,881
Common Stock [Member]
Organizational Structure [Line Items]
Shares authorized for dividend reinvestment plan						5,000,000
Primary offering, purchase price per share, discount	8.50%
Primary offering, purchase price per share (in dollars per share) | $ / shares	$ 8.90
Common Stock [Member] | Chief Executive Officer [Member]
Organizational Structure [Line Items]
Issuance of common stock, shares	21,181.2380
Common Stock [Member] | President [Member]
Organizational Structure [Line Items]
Issuance of common stock, shares	21,181.2390
Common Stock [Member] | Chief Executive Officer and President [Member]
Organizational Structure [Line Items]
Issuance of common stock, value | $	$ 172,500
Shares issued, price per share (in dollars per share) | $ / shares	$ 8.144
Common Stock [Member] | Public Offering [Member]
Organizational Structure [Line Items]
Issuance of common stock, value | $			$ 4,900,000
Stock issued during period, value, dividend reinvestment plan | $			$ 1,700,000
Common Stock [Member] | Class A [Member]
Organizational Structure [Line Items]
Issuance of common stock, shares		102,511		6,559,574
Issuance of common stock, value | $		$ 1,000		$ 65,000
Common Stock [Member] | Class A [Member] | Private Placement [Member]
Organizational Structure [Line Items]
Issuance of common stock, shares					8,548,972
Stock issued during period, dividend reinvestment plan, shares					74,744
Common Stock [Member] | Class A [Member] | Public Offering [Member]
Organizational Structure [Line Items]
Issuance of common stock, shares			264,912
Stock issued during period, dividend reinvestment plan, shares			174,895
Common Stock [Member] | Class T [Member]
Organizational Structure [Line Items]
Issuance of common stock, shares		129,510		93,918
Issuance of common stock, value | $		$ 1,000		$ 1,000
Common Stock [Member] | Class T [Member] | Public Offering [Member]
Organizational Structure [Line Items]
Issuance of common stock, shares			223,428
Stock issued during period, dividend reinvestment plan, shares			1,309
Common Stock [Member] | Maximum [Member]
Organizational Structure [Line Items]
Shares authorized for issuance						105,000,000
Shares authorized for issuance, value | $							$ 1,500,000,000
Shares authorized for dividend reinvestment plan, value | $							$ 800,000,000
KBS Capital Advisors LLC [Member]
Organizational Structure [Line Items]
Common stock, shares issued								20,000
Purchase price per share (in dollars per share) | $ / shares								$ 10

SUMMARY OF SIGNIFICANT ACCOUN24

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Segments) (Details)	3 Months Ended
	Mar. 31, 2017segmentproperty
Accounting Policies [Abstract]
Number of reportable segments | segment	1
Real Estate Properties [Line Items]
Number of real estate properties	3
Office Building [Member]
Real Estate Properties [Line Items]
Number of real estate properties	3

SUMMARY OF SIGNIFICANT ACCOUN25

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Stock Dividends) (Details)	3 Months Ended
	Mar. 31, 2017shares	Mar. 31, 2016shares
Accounting Policies [Abstract]
Amount Declared per Share Outstanding	0.00249999	0.00246576
Total Shares Issued, shares	22,685	6,974

SUMMARY OF SIGNIFICANT ACCOUN26

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Per Share Data) (Details) - $ / shares	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Distribution rate per share per day, declared (in dollars per share)	$ 0.00136986	$ 0.00136986
Class A [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Distributions declared per share (in dollars per share)	0.12328740	$ 0.12328740
Class T [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Distributions declared per share (in dollars per share)	$ 0.09880255

SUMMARY OF SIGNIFICANT ACCOUN27

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (EPS Two-class Method) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net loss	$ (197)	$ (256)	$ (4,089)
Undistributed net loss	(1,312)	(696)
Class A [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net loss	(190)	(255)
Less: Common Stock cash distributions declared	1,099	440
Undistributed net loss	$ (1,289)	$ (695)
Net loss per common share, basic and diluted (in dollars per share)	$ (0.02)	$ (0.07)
Weighted-average number of common shares outstanding, basic and diluted (in shares)	8,934,542	3,671,273
Class T [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net loss	$ (7)	$ (1)
Less: Common Stock cash distributions declared	16	0
Undistributed net loss	$ (23)	$ (1)
Net loss per common share, basic and diluted (in dollars per share)	$ (0.05)	$ (0.19)
Weighted-average number of common shares outstanding, basic and diluted (in shares)	165,029	856

REAL ESTATE (Narrative) (Detail

REAL ESTATE (Narrative) (Details)	Mar. 31, 2017ft²property
Real Estate Properties [Line Items]
Number of real estate properties	3
Office Building [Member]
Real Estate Properties [Line Items]
Number of real estate properties	3
Rentable Square Feet | ft²	528,504
Occupancy	96.00%

REAL ESTATE (Schedule of Real E

REAL ESTATE (Schedule of Real Estate Investments) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Real Estate Properties [Line Items]
Total Real Estate at Cost	$ 141,944	$ 141,872
Accumulated Depreciation and Amortization	(5,006)	(3,292)
Total real estate, net	136,938	$ 138,580
Office Building [Member]
Real Estate Properties [Line Items]
Total Real Estate at Cost	141,944
Accumulated Depreciation and Amortization	(5,006)
Total real estate, net	$ 136,938
Von Karman Tech Center [Member] | Office Building [Member]
Real Estate Properties [Line Items]
Date Acquired	Aug. 12, 2015
Total Real Estate at Cost	$ 21,289
Accumulated Depreciation and Amortization	(1,414)
Total real estate, net	$ 19,875
Commonwealth Building [Member] | Office Building [Member]
Real Estate Properties [Line Items]
Date Acquired	Jun. 30, 2016
Total Real Estate at Cost	$ 74,051
Accumulated Depreciation and Amortization	(2,698)
Total real estate, net	$ 71,353
The Offices at Greenhouse [Member] | Office Building [Member]
Real Estate Properties [Line Items]
Date Acquired	Nov. 14, 2016
Total Real Estate at Cost	$ 46,604
Accumulated Depreciation and Amortization	(894)
Total real estate, net	$ 45,710

REAL ESTATE (Assets Concentrati

REAL ESTATE (Assets Concentration Risk) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)ft²$ / ft²	Dec. 31, 2016USD ($)
Concentration Risk [Line Items]
Total Real Estate, Net	$ 136,938	$ 138,580
Von Karman Tech Center [Member] | Assets, Total [Member]
Concentration Risk [Line Items]
Rentable Square Feet | ft²	101,161
Total Real Estate, Net	$ 19,875
Percentage of Total Assets	12.80%
Annualized Base Rent	$ 2,277
Average Annualized Base Rent per sq. ft. | $ / ft²	22.51
Occupancy	100.00%
Commonwealth Building [Member] | Assets, Total [Member]
Concentration Risk [Line Items]
Rentable Square Feet | ft²	224,122
Total Real Estate, Net	$ 71,353
Percentage of Total Assets	45.80%
Annualized Base Rent	$ 5,288
Average Annualized Base Rent per sq. ft. | $ / ft²	25.61
Occupancy	93.80%
The Offices at Greenhouse [Member] | Assets, Total [Member]
Concentration Risk [Line Items]
Rentable Square Feet | ft²	203,221
Total Real Estate, Net	$ 45,710
Percentage of Total Assets	29.40%
Annualized Base Rent	$ 3,996
Average Annualized Base Rent per sq. ft. | $ / ft²	20.65
Occupancy	95.20%

REAL ESTATE (Operating Leases)

REAL ESTATE (Operating Leases) (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Operating Leased Assets [Line Items]
Amortization of lease incentives	$ 0.2	$ 0.1
Deferred rent receivables	1.1		$ 0.9
Incentive to lessee	0.2		0.2
Other Liabilities [Member]
Operating Leased Assets [Line Items]
Security deposit liability	$ 0.6		$ 0.6
Maximum [Member]
Operating Leased Assets [Line Items]
Remaining terms	9 years 3 months 18 days
Weighted Average [Member]
Operating Leased Assets [Line Items]
Remaining terms	4 years 10 months 24 days

REAL ESTATE (Future Minimum Ren

REAL ESTATE (Future Minimum Rental Income) (Details) $ in Thousands	Mar. 31, 2017USD ($)
Real Estate [Abstract]
April 1, 2017 through December 31, 2017	$ 7,992
2,018	10,026
2,019	9,534
2,020	9,002
2,021	7,613
Thereafter	14,689
Future minimum rental income	$ 58,856

REAL ESTATE (Concentration Risk

REAL ESTATE (Concentration Risk) (Details) - Customer Concentration Risk [Member] $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)ft²extension$ / ft²
Concentration Risk [Line Items]
Annualized base rent | $	$ 3
Average Annualized Base Rent per sq. ft. | $ / ft²	21.39
Expires on July 24, 2019 [Member]
Concentration Risk [Line Items]
Extension options | extension	2
Extension period	3 years
Expires on December 31, 2024 [Member]
Concentration Risk [Line Items]
Extension options | extension	2
Extension period	5 years
Annualized Rent [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	26.00%
Rentable Square Feet [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	27.00%
Net rentable area	140,922
Rentable Square Feet [Member] | Expires on July 24, 2019 [Member]
Concentration Risk [Line Items]
Net rentable area	5,195
Rentable Square Feet [Member] | Expires on December 31, 2024 [Member]
Concentration Risk [Line Items]
Net rentable area	135,727

REAL ESTATE (Highest Tenant Ind

REAL ESTATE (Highest Tenant Industry Concentrations- Grater than 10% of Annual Base Rent) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)tenant
Concentration Risk [Line Items]
Number of Tenants	40
Professional, Scientific and Legal [Member]
Concentration Risk [Line Items]
Number of Tenants	8
Annualized Base Rent | $	$ 4,795
Percentage of Annualized Base Rent	41.50%
Information [Member]
Concentration Risk [Line Items]
Number of Tenants	4
Annualized Base Rent | $	$ 1,433
Percentage of Annualized Base Rent	12.40%

TENANT ORIGINATION AND ABSORP35

TENANT ORIGINATION AND ABSORPTION COSTS, ABOVE-MARKET LEASE ASSETS AND BELOW-MARKET LEASE LIABILITIES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Tenant Origination and Absorption Costs, Above-Market Lease Assets and Below-Market Lease Liabilities [Abstract]
Tenant Origination And Absorption Costs, Cost	$ 13,528		$ 13,528
Tenant Origination and Absorption Costs, Accumulated Amortization	(1,886)		(1,253)
Tenant Origination and Absorption Costs, Net Amount	11,642		12,275
Tenant Origination and Absorption Costs, Amortization	(633)	$ (96)
Above-Market Lease Assets, Cost	214		214
Above-Market Lease Assets, Accumulated Amortization	(12)		(4)
Above-Market Lease Assets, Net Amount	202		210
Above-Market Lease Assets, Amortization	(8)	0
Below-Market Lease Liabilities, Cost	(5,727)		(5,727)
Below-Market Lease Liabilities, Accumulated Amortization	1,049		698
Below-Market Lease Liabilities, Net Amount	(4,678)		$ (5,029)
Below-Market Lease Liabilities, Amortization	$ 351	$ 6

NOTES PAYABLE (Narrative) (Deta

NOTES PAYABLE (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Notes Payable [Abstract]
Interest expense	$ 743	$ 178
Interest payable, current	200		$ 200
Amortization of deferred financing costs	$ 103	$ 15

NOTES PAYABLE (Schedule of Long

NOTES PAYABLE (Schedule of Long-term Debt Instruments) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	May 09, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Notes payable principal outstanding	$ 82,810,000		$ 82,810,000
Deferred financing costs, net	(1,326,000)		(1,435,000)
Notes payable, net	81,484,000		81,375,000
Term Loan [Member]
Debt Instrument [Line Items]
Notes payable principal outstanding	$ 30,550,000		30,550,000
Effective Interest Rate	3.14%
Maturity Date	Nov. 14, 2019
Mortgage [Member] | Von Karman Tech Center Mortgage Loan [Member]
Debt Instrument [Line Items]
Notes payable principal outstanding	$ 11,260,000		11,260,000
Effective Interest Rate	2.78%
Maturity Date	Sep. 1, 2020
Mortgage [Member] | Von Karman Tech Center Mortgage Loan [Member] | One-month LIBOR [Member]
Debt Instrument [Line Items]
Contractual Interest Rate	1.90%
Mortgage [Member] | Commonwealth Building Mortgage Loan [Member]
Debt Instrument [Line Items]
Notes payable principal outstanding	$ 41,000,000		41,000,000
Effective Interest Rate	2.94%
Maturity Date	Jul. 1, 2021
Amount outstanding	$ 41,000,000
Unused borrowing capacity, amount	$ 6,400,000
Mortgage [Member] | Commonwealth Building Mortgage Loan [Member] | One-month LIBOR [Member]
Debt Instrument [Line Items]
Contractual Interest Rate	2.15%
Mortgage [Member] | Term Loan [Member] | Subsequent Event [Member]
Debt Instrument [Line Items]
Unused borrowing capacity, amount		$ 14,900,000
Unsecured Debt [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Notes payable principal outstanding	$ 0		$ 0
Maturity Date	Jan. 8, 2018
Current borrowing capacity	$ 10,000,000
Unsecured Debt [Member] | Revolving Credit Facility [Member] | One-month LIBOR [Member]
Debt Instrument [Line Items]
Contractual Interest Rate	2.75%
Secured Debt [Member] | Term Loan [Member]
Debt Instrument [Line Items]
Notes payable, net	$ 32,500,000
Amount outstanding	30,600,000
Face amount	$ 65,000,000
Secured Debt [Member] | Term Loan [Member] | Subsequent Event [Member]
Debt Instrument [Line Items]
Amount outstanding		1,900,000
Secured Debt [Member] | Term Loan [Member] | One-month LIBOR [Member]
Debt Instrument [Line Items]
Contractual Interest Rate	2.35%
Secured Debt [Member] | Term Loan [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Face amount	$ 32,500,000
Current borrowing capacity	1,900,000
Secured Debt [Member] | Term Loan [Member] | Revolving Credit Facility [Member] | Subsequent Event [Member]
Debt Instrument [Line Items]
Unused borrowing capacity, amount		13,000,000
Current borrowing capacity		$ 1,900,000
Secured Debt [Member] | Term Loan [Member] | Revolving Credit Facility [Member] | Upon Meeting Certain Financial Coverage Ratio and Subject to Certain Conditions [Member]
Debt Instrument [Line Items]
Unused borrowing capacity, amount	$ 32,500,000

NOTES PAYABLE (Schedule of Matu

NOTES PAYABLE (Schedule of Maturities of Long-Term Debt) (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Notes Payable [Abstract]
April 1, 2017 through December 31, 2017	$ 0
2,018	0
2,019	30,550
2,020	11,260
2,021	41,000
Thereafter	0
Total notes payable, net	$ 82,810	$ 82,810

FAIR VALUE DISCLOSURES (Details

FAIR VALUE DISCLOSURES (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable, Face Value	$ 82,810,000	$ 82,810,000
Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable, Value	81,484,000	81,375,000
Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable, Value	$ 82,365,000	$ 82,443,000

RELATED PARTY TRANSACTIONS (Rel

RELATED PARTY TRANSACTIONS (Related-party Costs) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Related Party Transaction [Line Items]
Payable as of	$ 1,500,000		$ 1,434,000
Payment for administrative fees	52,342	$ 2,547
Advisor and Dealer Manager [Member]
Related Party Transaction [Line Items]
Incurred	467,000	3,410,000
Payable as of	1,500,000		1,434,000
Advisor and Dealer Manager [Member] | Asset Management Fees [Member]
Related Party Transaction [Line Items]
Expenses	214,000	20,000
Payable as of	0		0
Advisor and Dealer Manager [Member] | Reimbursable Operating Expenses [Member]
Related Party Transaction [Line Items]
Expenses	54,000	52,000
Payable as of	17,000		17,000
Advisor and Dealer Manager [Member] | Property Management Fees [Member]
Related Party Transaction [Line Items]
Expenses	29,000	8,000
Payable as of	11,000		16,000
Advisor and Dealer Manager [Member] | Advisor Advance for Cash Distributions [Member]
Related Party Transaction [Line Items]
Incurred	0	458,000
Payable as of	1,338,000		1,338,000
Advisor and Dealer Manager [Member] | Selling Commissions [Member]
Related Party Transaction [Line Items]
Incurred	61,000	1,834,000
Payable as of	0		0
Advisor and Dealer Manager [Member] | Dealer Manager Fees [Member]
Related Party Transaction [Line Items]
Incurred	35,000	713,000
Payable as of	0		0
Advisor and Dealer Manager [Member] | Stockholder Servicing Fees [Member]
Related Party Transaction [Line Items]
Incurred	51,000	0
Payable as of	85,000		37,000
Advisor and Dealer Manager [Member] | Reimbursable Other Offering Costs [Member]
Related Party Transaction [Line Items]
Incurred	23,000	$ 325,000
Payable as of	$ 49,000		$ 26,000

RELATED PARTY TRANSACTIONS (Rea

RELATED PARTY TRANSACTIONS (Real Estate Property Co-Management Agreement) (Details) - KBS Management Group, LLC [Member]	3 Months Ended
	Mar. 31, 2017
Related Party Transaction [Line Items]
Initial term of management agreements	1 year
Successive periods, renewal	1 year
Period of termination notice	30 days
Period of termination notice with cause	5 days
Von Karman Tech Center [Member]
Related Party Transaction [Line Items]
Annual Fee Percentage	1.50%
Commonwealth Building [Member]
Related Party Transaction [Line Items]
Annual Fee Percentage	1.25%
The Offices at Greenhouse [Member]
Related Party Transaction [Line Items]
Annual Fee Percentage	0.25%

RELATED PARTY TRANSACTIONS (Nar

RELATED PARTY TRANSACTIONS (Narrative) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Related Party Transaction [Line Items]
Payment for administrative fees	$ 52,342	$ 2,547
Limit of total operating expenses as a percent of net income for the four most recently completed fiscal quarters			2.00%
Limit of total operating expenses as a percent of average invested assets			25.00%
Public Placement [Member] | KBS Capital Advisors LLC [Member]
Related Party Transaction [Line Items]
Offering costs, other than selling commissions and dealer manager fees	4,500,000
Organization and offering costs	$ 48,732
Public Placement [Member] | Minimum [Member]
Related Party Transaction [Line Items]
Reimbursable offering costs determination, gross offering costs, percentage	15.00%
Public Placement [Member] | Minimum [Member] | KBS Capital Advisors LLC [Member]
Related Party Transaction [Line Items]
Reimbursable offering costs determination, gross offering costs, percentage	1.00%
Private Placement [Member]
Related Party Transaction [Line Items]
Other organization and offering costs	$ 1,500,000

SUBSEQUENT EVENTS (Status Offer

SUBSEQUENT EVENTS (Status Offering) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2017	May 05, 2017	Dec. 31, 2016
Subsequent Event [Line Items]
Issuance of common stock, value	$ 2,322		$ 60,598
Common Stock [Member] | Class A [Member]
Subsequent Event [Line Items]
Issuance of common stock, shares	102,511		6,559,574
Issuance of common stock, value	$ 1		$ 65
Common Stock [Member] | Class T [Member]
Subsequent Event [Line Items]
Issuance of common stock, shares	129,510		93,918
Issuance of common stock, value	$ 1		$ 1
Subsequent Event [Member] | Common Stock [Member]
Subsequent Event [Line Items]
Issuance of common stock, value		$ 5,900
Stock issued during period, value, dividend reinvestment plan		$ 2,100
Subsequent Event [Member] | Common Stock [Member] | Class A [Member]
Subsequent Event [Line Items]
Issuance of common stock, shares		324,412
Stock issued during period, dividend reinvestment plan, shares		215,587
Subsequent Event [Member] | Common Stock [Member] | Class T [Member]
Subsequent Event [Line Items]
Issuance of common stock, shares		264,557
Stock issued during period, dividend reinvestment plan, shares		2,583

SUBSEQUENT EVENTS (Distribution

SUBSEQUENT EVENTS (Distributions and Stock Dividends) (Details)	May 09, 2017$ / shares	May 03, 2017shares	May 02, 2017USD ($)	Apr. 04, 2017shares	Apr. 03, 2017USD ($)	Mar. 31, 2017USD ($)$ / sharesshares	Mar. 31, 2016$ / sharesshares	Dec. 31, 2016USD ($)	Jul. 31, 2017	Jun. 30, 2017	Apr. 05, 2017$ / shares
Subsequent Event [Line Items]
Distributions declared | $						$ 1,115,000		$ 3,655,000
Stock dividends issued, shares | shares						22,685	6,974
Distribution rate per share per day, declared (in dollars per share)						$ 0.00136986	$ 0.00136986
Common stock dividends, shares, ratio						0.00249999	0.00246576
Dividend Declared [Member] | Scenario, Forecast [Member]
Subsequent Event [Line Items]
Common stock dividends, shares, ratio									0.00083333	0.00083333
Subsequent Event [Member] | Class A [Member]
Subsequent Event [Line Items]
Dividend reinvestment plan, purchase price per share (in dollars per share)											$ 9.40
Subsequent Event [Member] | Class T [Member]
Subsequent Event [Line Items]
Dividend reinvestment plan, purchase price per share (in dollars per share)											$ 9.40
Subsequent Event [Member] | Dividend Paid [Member] | Class A [Member]
Subsequent Event [Line Items]
Distributions declared | $			$ 400,000		$ 400,000
Subsequent Event [Member] | Dividend Paid [Member] | Class T [Member]
Subsequent Event [Line Items]
Distributions declared | $			$ 7,809		$ 7,415
Subsequent Event [Member] | Dividend Declared [Member]
Subsequent Event [Line Items]
Distribution rate per share per day, declared (in dollars per share)	$ 0.00136986
Subsequent Event [Member] | Dividend Declared [Member] | Class A [Member]
Subsequent Event [Line Items]
Stock dividends issued, shares | shares		7,512		7,476
Subsequent Event [Member] | Dividend Declared [Member] | Class T [Member]
Subsequent Event [Line Items]
Stock dividends issued, shares | shares		216		187