{"schema_version":"secwatch.filing_event.v1","accession":"0001482430-24-000055","form_type":"8-K","ticker":"KBSR","cik":"0001482430","company_name":"KBS Real Estate Investment Trust III, Inc.","filed_at":"2024-10-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:08.557885+00:00","generated_at":"2026-05-30T12:45:32.034056+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Sixth loan extension on $601.3M facility to Nov 20, 2024; covenants waived; going concern doubt","bullets":["Sixth extension of $601.3M portfolio loan facility moves maturity to Nov. 20, 2024.","Waived requirement to raise $100M in new equity/debt and certain financial covenants.","KBS REIT III pays $250K non-refundable fee; $1M exit fee payable on maturity or earlier.","Advisory fee of ~$0.5M reduced and deferred to Dec. 1, 2025 per amended advisory agreement.","Company engaged Moelis for restructuring; substantial doubt about going concern exists."],"urls":{"canonical":"https://secwatch.observer/filing/0001482430-24-000055","json":"https://secwatch.observer/filing/0001482430-24-000055.json","markdown":"https://secwatch.observer/filing/0001482430-24-000055.md","text":"https://secwatch.observer/filing/0001482430-24-000055.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1482430/000148243024000055/0001482430-24-000055-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1482430/000148243024000055/kbsriii-20241011.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T12:45:32.034056+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"}