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:   2023-12-14T23:59:59+00:00
Accession:  0001482430-23-000065
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KBS REIT III estimates value per share at $5.60, down 38% from $9.00
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1482430/000148243023000065/0001482430-23-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1482430/000148243023000065/kbsriii-20231212.htm
  HTML page:      https://secwatch.observer/filing/0001482430-23-000065

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