KBS Legacy Partners Apartment REIT Inc.'s board approved an approximately 26.493-cent-per-share final liquidating distribution to the company's stockholders.

Stockholders on record as of Dec. 17 are expected to receive the payout on or before Dec. 20, the company said in a Dec. 20 SEC filing.

The company had authorized an initial liquidating distribution of $4.05 per share in December 2017, followed by another such distribution of $4.16 per share in April.

The company also signed an assignment and assumption agreement with KBS-Legacy Apartment Community REIT Venture LLC involving the transfer of certain remaining assets and liabilities to the latter.