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KBS REIT III announces sale of Park Place Village
KBSR
M&A
Debt Issuance
- KBS Real Estate Investment Trust III, Inc. (KBSR) completed the sale of Park Place Village on September 23, 2025.
- The property was sold for a gross sales price of $100.0 million, resulting in $95.5 million of net sales proceeds after accounting for various credits, prorations, and fees.
- The net sales proceeds were primarily used to pay off the $65.2 million Park Place Village Mortgage Loan and to reduce the outstanding principal balance of the Credit Facility by $25.4 million.
- Following these transactions, the outstanding principal balance of the Credit Facility is $37.5 million.
Sep 29, 2025, 6:39 PM
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