---
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"
generated_at: "2026-05-30T12:45:32.034056+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Sixth loan extension on $601.3M facility to Nov 20, 2024; covenants waived; going concern doubt

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001482430-24-000055
- JSON: https://secwatch.observer/filing/0001482430-24-000055.json
- Plain text: https://secwatch.observer/filing/0001482430-24-000055.txt

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