---
schema_version: "secwatch.filing_event.v1"
accession: "0001482430-23-000065"
form_type: "8-K"
ticker: "KBSR"
cik: "0001482430"
company_name: "KBS Real Estate Investment Trust III, Inc."
filed_at: "2023-12-14T23:59:59+00:00"
generated_at: "2026-06-07T12:44:26.382566+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 estimates value per share at $5.60, down 38% from $9.00

## Summary
- Estimated value per share $5.60 as of Dec 12, 2023, a 38% decrease from $9.00 on Sep 28, 2022.
- Real estate property values fell $2.53 per share; total property estimated at $2.4B vs. $3.0B cost plus improvements.
- Prime US REIT unit investment declined $0.61 per share due to lower closing price on SGX-ST as of Nov 15, 2023.
- Bylaws amended to update shareholder nomination procedures to comply with Rule 14a-19.

## SEC filing metadata
- accession: 0001482430-23-000065
- form_type: 8-K
- ticker: KBSR
- cik: 0001482430
- company_name: KBS Real Estate Investment Trust III, Inc.
- filed_at: 2023-12-14T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1482430/000148243023000065/0001482430-23-000065-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1482430/000148243023000065/kbsriii-20231212.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001482430-23-000065
- JSON: https://secwatch.observer/filing/0001482430-23-000065.json
- Plain text: https://secwatch.observer/filing/0001482430-23-000065.txt

## Key facts
- Governance Changes
  KBS Real Estate Investment Trust III, Inc.: Amended and restated bylaws to update stockholder nomination procedures related to Rule 14a-19, including certification, representation, information, and nominee limit requirements, effective December 12, 2023 (effective 2023-12-12).
  - Change: bylaw amendment
  - Effective: 2023-12-12
  source text: On December 12, 2023, KBS Real Estate Investment Trust III, Inc.’s (the “Company”) board of directors amended and restated the Company’s bylaws effective as of December 12, 2023 (the “Fourth Amended and Restated Bylaws”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1482430/000148243023000065/0001482430-23-000065-index.htm

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