---
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"
generated_at: "2026-06-23T06:57:39.618527+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# KBS REIT III estimated NAV drops to $9.00 from $10.78, a 16.5% decline

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001482430-22-000049
- JSON: https://secwatch.observer/filing/0001482430-22-000049.json
- Plain text: https://secwatch.observer/filing/0001482430-22-000049.txt

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