---
schema_version: "secwatch.filing_event.v1"
accession: "0001482430-22-000046"
form_type: "8-K"
ticker: "KBSR"
cik: "0001482430"
company_name: "KBS Real Estate Investment Trust III, Inc."
filed_at: "2022-08-16T23:59:59+00:00"
generated_at: "2026-06-23T23:26:56.287599+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# KBS REIT III board recommends rejecting CMG mini-tender offer at $5.05/share, citing $10.78 NAV

## Summary
- Board unanimously recommends stockholders reject CMG mini-tender offer for up to 450,000 shares at $5.05/share.
- Offer price is a 53% discount to the Nov 1, 2021 estimated NAV of $10.78 per share.
- Share redemption program closed for ordinary redemptions; special redemptions (death, disability) still available at estimated value.
- CMG admitted it did not obtain independent appraisal of shares or properties and is not qualified to appraise real estate.
- Stockholders who tendered already can rescind by Sep 21, 2022.

## SEC filing metadata
- accession: 0001482430-22-000046
- form_type: 8-K
- ticker: KBSR
- cik: 0001482430
- company_name: KBS Real Estate Investment Trust III, Inc.
- filed_at: 2022-08-16T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1482430/000148243022000046/0001482430-22-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1482430/000148243022000046/kbsriii-20220810.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001482430-22-000046
- JSON: https://secwatch.observer/filing/0001482430-22-000046.json
- Plain text: https://secwatch.observer/filing/0001482430-22-000046.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.