---
schema_version: "secwatch.filing_event.v1"
accession: "0001482430-22-000055"
form_type: "8-K"
ticker: "KBSR"
cik: "0001482430"
company_name: "KBS Real Estate Investment Trust III, Inc."
filed_at: "2022-10-31T23:59:59+00:00"
generated_at: "2026-06-22T21:34:26.879185+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001482430-22-000055
- form_type: 8-K
- ticker: KBSR
- cik: 0001482430
- company_name: KBS Real Estate Investment Trust III, Inc.
- filed_at: 2022-10-31T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1482430/000148243022000055/0001482430-22-000055-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1482430/000148243022000055/kbsriii-20221028.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001482430-22-000055
- JSON: https://secwatch.observer/filing/0001482430-22-000055.json
- Plain text: https://secwatch.observer/filing/0001482430-22-000055.txt

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