secwatch.observer — SEC 8-K summary
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Issuer:     KBS Real Estate Investment Trust III, Inc. (KBSR)
CIK:        0001482430
Form:       8-K
Filed at:   2022-09-28T23:59:59+00:00
Accession:  0001482430-22-000049
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1482430/000148243022000049/0001482430-22-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1482430/000148243022000049/kbsriii-20220928.htm
  HTML page:      https://secwatch.observer/filing/0001482430-22-000049

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