{"schema_version":"secwatch.filing_event.v1","accession":"0001482430-24-000014","form_type":"8-K","ticker":"KBSR","cik":"0001482430","company_name":"KBS Real Estate Investment Trust III, Inc.","filed_at":"2024-02-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.297945+00:00","generated_at":"2026-06-05T11:31:37.268390+00:00","sec_items":["8.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"KBS REIT III sells McEwen Building for $48.8M, modifies loan with going concern warning","bullets":["Sale of McEwen Building for $48.8M; net proceeds $46.2M applied to reduce loan principal to $203M.","Loan modified: maturity extended to March 2026, interest rate at SOFR+300bps, quarterly principal payments of $880.9K.","Revolving feature eliminated; $16.2M in holdbacks for TI and capex; dividends/redemptions restricted without lender consent.","Company expresses substantial doubt about ability to continue as going concern for at least one year."],"urls":{"canonical":"https://secwatch.observer/filing/0001482430-24-000014","json":"https://secwatch.observer/filing/0001482430-24-000014.json","markdown":"https://secwatch.observer/filing/0001482430-24-000014.md","text":"https://secwatch.observer/filing/0001482430-24-000014.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1482430/000148243024000014/0001482430-24-000014-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1482430/000148243024000014/kbsriii-20240221.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T11:31:37.268390+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}