KBS REIT III board recommends rejecting Comrit mini-tender offer at $5.68/share (37% below $9.00 NAV)

KBS Real Estate Investment Trust III, Inc.

Comrit offers $5.68/share for up to 1,232,394 shares (0.84% of outstanding); board unanimously recommends rejection.
Estimated NAV per share is $9.00, making Comrit's offer a ~37% discount; Comrit already holds 1,264,492 shares.
Share Redemption Program to reopen Jan 3, 2023; Ordinary Redemptions at 96% of estimated value per share.
Comrit admitted purchase for investment profit; no independent appraisal of shares or properties.
Stockholders who tendered have until Dec 29, 2022 to withdraw.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.