---
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"
generated_at: "2026-06-05T11:31:37.268390+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# KBS REIT III sells McEwen Building for $48.8M, modifies loan with going concern warning

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 8.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001482430-24-000014
- JSON: https://secwatch.observer/filing/0001482430-24-000014.json
- Plain text: https://secwatch.observer/filing/0001482430-24-000014.txt

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