{"schema_version":"secwatch.filing_event.v1","accession":"0001482430-22-000049","form_type":"8-K","ticker":"KBSR","cik":"0001482430","company_name":"KBS Real Estate Investment Trust III, Inc.","filed_at":"2022-09-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:55.882870+00:00","generated_at":"2026-06-23T06:57:39.618527+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"KBS REIT III estimated NAV drops to $9.00 from $10.78, a 16.5% decline","bullets":["Estimated value per share of $9.00 as of Sep 28, 2022, down $1.78 from prior $10.78.","Declared September distribution of $0.04983333 per share, payable October 2022; record date Sep 28, 2022.","Decline driven by $1.19 per share real estate value drop and $0.35 drop in Prime US REIT investment.","Total appraised value of 17 properties: $2.8B; terminal cap rates 6.25%-8.75%, discount rates 7%-9.5%.","Prime US REIT units (OXMU) valued at $116.5M using SGX-ST closing price minus blockage discount."],"urls":{"canonical":"https://secwatch.observer/filing/0001482430-22-000049","json":"https://secwatch.observer/filing/0001482430-22-000049.json","markdown":"https://secwatch.observer/filing/0001482430-22-000049.md","text":"https://secwatch.observer/filing/0001482430-22-000049.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1482430/000148243022000049/0001482430-22-000049-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1482430/000148243022000049/kbsriii-20220928.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-23T06:57:39.618527+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}