Every 8-K that KBS REAL EST INVT TR III (KBSR) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow KBSR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full KBSR filings page.
KBS Real Estate Investment Trust III sold its Gateway Tech Center for $50.0 million, generating $48.1 million in net proceeds. It used $47.5 million to pay down its Modified Portfolio Revolving Loan Facility and added $0.6 million to the loan’s cash management account.
After the sale and subsequent drawdowns, the outstanding principal on the facility was $160.4 million. A Fifth Modification Agreement extended the loan’s maturity to December 15, 2026, with a possible extension to March 31, 2027, removed scheduled principal amortization, and tightened cash controls through a dedicated cash management and real estate tax escrow structure.
The agreement also defers REIT-level expenses and asset management fees tied to the remaining properties, which are now the sole collateral. The company discloses that, given upcoming loan maturities, required paydowns and a weak office market, substantial doubt exists about its ability to continue as a going concern, and it may need further restructurings, asset sales, or even court protection.
KBS Real Estate Investment Trust III entered into a fourth modification of its Portfolio Revolving Loan Facility, which had an outstanding principal balance of $205.5 million as of January 27, 2026. The agreement conditionally extends the loan’s maturity from March 1, 2026 to March 25, 2026, with a possible further extension to April 15, 2026 if additional conditions are met.
Some of these conditions are not within KBS REIT III’s sole control, and failure to meet certain requirements after March 1, 2026 can trigger an immediate event of default within two business days. The company also agreed to defer 10% of asset management fees and a portion of disposition fees related to the secured properties until the facility is fully repaid.
The filing reiterates that, due to upcoming loan maturities, required principal paydowns, a challenging commercial real estate lending environment and weak U.S. office market conditions, management’s plans do not alleviate substantial doubt about KBS REIT III’s ability to continue as a going concern for at least a year from November 14, 2025.
KBS Real Estate Investment Trust III, Inc. furnished an investor presentation as a corporate update. On January 30, 2026, the company made available a presentation discussing its real estate portfolio and its estimated value per share. The presentation is attached as Exhibit 99.1 to this report and is also accessible on the company’s website under the KBS Real Estate Investment Trust III, Inc. presentation section. The materials are furnished under Regulation FD and are not deemed filed or incorporated by reference into other securities law filings.
KBS Real Estate Investment Trust III set a new estimated value of $2.70 per share as of December 18, 2025. This figure is based on net asset value, primarily Kroll’s appraisals of 12 office properties, the valuation of its Prime US REIT units, and advisor estimates of cash, other assets, and debt. The new estimate is down from $3.89 per share approved in December 2024, with the drop driven mainly by lower office property values in a weak U.S. office market and capital spending on the portfolio.
The REIT’s properties were purchased and improved for about $2.4 billion, versus a current appraised value of $1.6 billion, implying a significant write-down. Management highlights heavy exposure to challenged office markets, cash sweep requirements on several loans, and upcoming maturities that may require asset sales, paydowns or restructurings. Due to refinancing pressures, restrictive loan covenants and difficult market conditions, the company states there is substantial doubt about its ability to continue as a going concern for at least one year from November 14, 2025.
KBS Real Estate Investment Trust III, Inc. completed the sale of its mixed-use Park Place Village property in Leawood, Kansas on September 23, 2025 for a gross price of $100.0 million, generating $95.5 million of net sales proceeds after closing adjustments and $0.8 million of disposition fees to its advisor.
KBS REIT III used these proceeds to fully repay the Park Place Village Mortgage Loan, including $65.2 million of outstanding principal and accrued interest, and to pay down its Credit Facility by $25.4 million, reducing the Credit Facility’s outstanding principal balance to $37.5 million. Remaining proceeds will be used to manage the company’s liquidity needs.
KBS Real Estate Investment Trust III, Inc. entered into a material definitive agreement to renew its advisory agreement with KBS Capital Advisors LLC. The renewal, dated September 27, 2025, extends the term of the existing advisory agreement through September 27, 2026.
The advisory agreement can continue to be renewed for additional one-year periods if both the Company and the Advisor consent. It may be terminated by either party without cause or penalty on 60 days’ written notice, or immediately by the Company for cause or if the Advisor enters bankruptcy. Aside from extending the term by one year, the renewal leaves all other terms of the advisory agreement, as previously amended, unchanged.