---
schema_version: "secwatch.filing_event.v1"
accession: "0001482430-23-000004"
form_type: "8-K"
ticker: "KBSR"
cik: "0001482430"
company_name: "KBS Real Estate Investment Trust III, Inc."
filed_at: "2023-01-18T23:59:59+00:00"
generated_at: "2026-06-20T13:56:15.411521+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# KBS REIT III reduces distribution to $0.03833/sh and suspends ordinary share redemptions

## Summary
- Board authorized January and February 2023 distributions of $0.03833333 per share, reduced from prior periods due to economic slowdown.
- Ordinary share redemptions suspended indefinitely; all pending requests canceled and no new requests accepted.
- Suspension driven by rising interest rates, inflation, tenant lease expirations, and weakness in commercial office, especially San Francisco Bay Area.
- Company cites need to preserve capital to manage portfolio; special redemptions (death, disability) will still be processed.

## SEC filing metadata
- accession: 0001482430-23-000004
- form_type: 8-K
- ticker: KBSR
- cik: 0001482430
- company_name: KBS Real Estate Investment Trust III, Inc.
- filed_at: 2023-01-18T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1482430/000148243023000004/0001482430-23-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1482430/000148243023000004/kbsriii-20230117.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001482430-23-000004
- JSON: https://secwatch.observer/filing/0001482430-23-000004.json
- Plain text: https://secwatch.observer/filing/0001482430-23-000004.txt

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