KBS REIT III increases 2022 redemption cap to 5% of weighted-average shares outstanding

KBS Real Estate Investment Trust III, Inc.

Board approved amended share redemption program effective April 29, 2022, increasing 2022 redemption cap to 5% of 2021 weighted-average shares outstanding.
Last 500,000 shares available in 2022 reserved exclusively for Special Redemptions (death, Qualifying Disability, Determination of Incompetence).
Ordinary redemptions priced at 96% of most recent estimated value; Special Redemptions at 100%.
Program may be amended, suspended, or terminated upon 10 business days' notice.
No other material changes to share redemption program.

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