KBS Real Estate Investment Trust III extended the maturity of its $160.4 million revolving loan facility to December 15, 2026, with a potential extension to March 31, 2027, and eliminated required principal amortization. It also deferred certain REIT-level expenses and advisory fees and added a $1.0 million tax escrow and a $1.8 million tenant-improvement draw.

KBS Real Estate Investment Trust III extended its revolving loan facility maturity from March 1, 2026 to March 25, 2026, with a potential further extension to April 15, 2026 if conditions are met. The amendment also defers 10% of asset management fees and limits disposition fees on the Properties.

KBS Real Estate Investment Trust III approved a December 2025 estimated value per share of $2.70, down from $3.89, and reported $1.26 billion of debt maturing within 12 months plus $10 million of required loan paydowns. The Company expects to refinance or restructure near-term debt and may need asset sales, with no dividends, distributions, or share redemptions expected until certain loans are repaid or refinanced.

KBS Real Estate Investment Trust III, Inc. approved an estimated value per share of $2.70, down from $3.89, reflecting lower real estate property values and higher restricted cash offsetting debt paydowns. The valuation will be used for broker-dealers’ customer account statement reporting and the Company does not expect to redeem shares until certain loans are repaid or refinanced.

KBS Real Estate Investment Trust III completed the $100 million sale of Park Place Village and used $95.5 million of net proceeds to repay a $65.2 million mortgage and reduce its Credit Facility by $25.4 million to $37.5 million. The remaining proceeds will be used to manage the REIT’s liquidity needs.

KBS Real Estate Investment Trust III renewed its Advisory Agreement with KBS Capital Advisors through September 27, 2026, extending the prior September 27, 2025 expiration by one year. The renewal made no other changes to the agreement’s terms.

KBS Real Estate Investment Trust III stockholders elected five directors and ratified Ernst & Young LLP as independent registered public accounting firm for 2025, with none of the director nominees receiving a majority of votes cast. Each nominee will remain a hold-over Director until a successor is elected and qualified.

KBS Real Estate Investment Trust III, Inc. will remain neutral and make no recommendation on West 4 Capital LP’s offer for up to 2,295,000 shares, about 1.55% of outstanding common stock. The board cited current illiquidity, $467.2 million of near-term loan maturities and paydowns, and expects no dividends, distributions, or share redemptions until certain loans are repaid or refinanced.

KBS Real Estate Investment Trust III, Inc. is soliciting stockholder votes for its 2025 Annual Meeting on the election of five Directors and ratification of Ernst & Young LLP as independent registered public accounting firm for 2025. Stockholders may vote by July 22, 2025, or attend the meeting on July 23, 2025.

KBS Real Estate Investment Trust III, Inc. is seeking stockholder approval to elect five directors and ratify Ernst & Young LLP as independent registered public accounting firm for 2025 at the July 23, 2025 annual meeting. Stockholders will also be voting on a board slate and audit firm whose term extends through year-end 2025.