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$KBSR
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Company Executives

Management Team

From the 10-K annual report
Officer Age In this role Joined Pay Source
Charles J. Schreiber, Jr. Also a director
Chief Executive Officer, President and Director
74 Not stated Not stated Not reported
Marc DeLuca Also a director
Chief Executive Officer
57 Not stated Not stated Not reported
Jeffrey K. Waldvogel
Chief Financial Officer, Treasurer and Secretary
48 Not stated Not stated Not reported
Stacie K. Yamane
Chief Accounting Officer and Assistant Secretary
61 Not stated Not stated Not reported

Each officer opens the passage of the filing that names them. A title that changed since the list comes from the officer's latest Form 3, 4 or 5, and its start year is not stated there. "Not stated" means the filing does not say. Pay is the proxy's Summary Compensation Table, which reports only the named executive officers.

Directors
5
serving now
Independent
3 of 5
stated in the proxy
Average tenure
9.6 years
from year joined
CEO also chairs the board
Yes
Marc DeLuca
Director Age On board Independent Committees Other public boards Pay Source
Marc DeLuca
57 2022
4 years
Not independent None stated None stated Paid as CEO
Charles J. Schreiber, Jr.
75 2009
17 years
Not independent None stated None stated Paid as CEO
Stuart A. Gabriel, Ph.D.
72 2010
16 years
Independent
audit committee · Chair
KB Home $165,000
Robert Milkovich
67 2022
4 years
Independent None stated None stated $155,000
Ron D. Sturzenegger
66 2019
7 years
Independent None stated None stated $165,000

Each director opens the passage of the proxy that names them. "Not stated" means the proxy does not say; it never means "no". Pay is the proxy's Director Compensation table; the CEO is paid as an executive.

KBS Capital Advisors
our advisor, which Charles J. Schreiber, Jr. indirectly controls
$29.1 million
January 1, 2025 through August 31, 2026

Asset management fees incurred under the advisory agreement

KBS Capital Advisors
our advisor, which Charles J. Schreiber, Jr. indirectly controls
$1.9 million
January 1, 2025 through August 31, 2026

Disposition fees related to sales of three properties

KBS Capital Advisors
our advisor, which Charles J. Schreiber, Jr. indirectly controls
$0.8 million
January 1, 2025 through August 31, 2026

Reimbursement of advisor operating expenses, including allocable internal audit personnel costs

Mr. Waldvogel
executive officer
$725,000

Award allocated from the Bonus Retention Fund under the advisor's employee retention program

Ms. Yamane
executive officer
$325,000

Award allocated from the Bonus Retention Fund under the advisor's employee retention program

Mr. DeLuca
director
$1,000,000

Award allocated from the Bonus Retention Fund under the advisor's employee retention program

Peter M. Bren, Charles J. Schreiber, Jr., Keith D. Hall and Peter McMillan III
agreed to provide additional indemnification to one of the participating broker-dealers in connection with our initial public offering
$0.2 million
January 1, 2025 through August 31, 2026

Supplemental D&O insurance coverage for their indemnification obligations, costs reimbursed to us by them

KBS Capital Markets Group
dealer manager for our public offering
$49,000
January 1, 2025 through August 31, 2026

Fee reimbursement for administering our participation in the DTCC Alternative Investment Product Platform

With KBS Capital Markets Group Open in proxy
Affiliate of our advisor (Lessee)
affiliate of our advisor
Amount not stated

Office lease of 5,046 rentable square feet at 3003 Washington Boulevard, extended through November 30, 2029

With Lessor, our indirect wholly owned subsidiary that owns 3003 Washington Boulevard Open in proxy
Charles J. Schreiber, Jr.
one of our directors and executive officers; SREIT is affiliated with him
$29.2 million

Singapore Transaction: sale of 11 properties to SREIT and our investment in SREIT units

With SREIT Open in proxy
Charles J. Schreiber, Jr.
one of our directors and executive officers; SREIT is affiliated with him
Amount not stated

SREIT fee arrangements with the Manager in which he holds an indirect ownership interest, including sub-advisory fees paid to KBS Realty Advisors, an entity he controls

With SREIT and its Manager Open in proxy
The Schreiber Trust
trust whose beneficiaries are Charles J. Schreiber, Jr. and his family members
Amount not stated

Trust acquired units in SREIT and agreed not to sell any units without conflicts committee consent

With SREIT Open in proxy

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