KBS Real Estate Investment Trust III (KBSR) Company Report

On December 18, 2025, KBS REIT III's board approved an estimated value per share of $2.70, a decrease from $3.89 in December 2024.
As of January 30, 2026, KBS REIT III faces approximately $1.26 billion of debt maturing in the next 12 months and $10.0 million in required loan paydowns.
Due to restrictions in loan agreements, KBS REIT III does not expect to pay any dividends or distributions or redeem shares of common stock until certain loans are repaid or refinanced, with one such loan having a current maturity of January 2027.
Management's plans may 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, due to upcoming loan maturities, the challenging commercial real estate lending environment, and lack of transaction volume in the U.S. office market.

7 days ago

KBS Real Estate Investment Trust III, Inc. Updates Estimated Value Per Share

KBSR

Demand Weakening

Profit Warning

On December 18, 2025, KBS Real Estate Investment Trust III, Inc. (KBSR) approved an estimated value per share of $2.70 as of September 30, 2025.
This new estimated value reflects a $1.19 decrease from the prior estimated value of $3.89 per share as of December 12, 2024.
The decline is primarily attributed to the sale of three properties and an overall 31.6% decrease in the value of the remaining 12 appraised properties, driven by ongoing challenges in the U.S. commercial real estate market and elevated interest rates.
The company faces substantial doubt about its ability to continue as a going concern for at least a year from November 14, 2025, due to upcoming loan maturities and the challenging commercial real estate lending environment.

Dec 19, 2025, 10:09 PM

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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