---
schema_version: "secwatch.filing_event.v1"
accession: "0001482430-24-000058"
form_type: "8-K"
ticker: "KBSR"
cik: "0001482430"
company_name: "KBS Real Estate Investment Trust III, Inc."
filed_at: "2024-11-07T23:59:59+00:00"
generated_at: "2026-05-30T03:28:21.741166+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# KBS REIT III extends Accenture Tower loan to Dec 10, 2024; $306M principal

## Summary
- Third Modification extends maturity by ~5 weeks to Dec 10, 2024; removes prior 12-month extension option.
- Lenders waived net worth, leverage, and EBITDA-to-fixed-charges covenants from Nov 1 through Dec 10, 2024.
- Outstanding principal $306M ($229.5M term, $76.5M revolving); no longer-term extension assured.
- Filing reiterates substantial doubt about going concern due to upcoming maturities and office market headwinds.
- KBS continues to work with lenders but cautions no assurance on timing or certainty of a longer-term solution.

## SEC filing metadata
- accession: 0001482430-24-000058
- form_type: 8-K
- ticker: KBSR
- cik: 0001482430
- company_name: KBS Real Estate Investment Trust III, Inc.
- filed_at: 2024-11-07T23:59:59+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/1482430/000148243024000058/0001482430-24-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1482430/000148243024000058/kbsriii-20241101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001482430-24-000058
- JSON: https://secwatch.observer/filing/0001482430-24-000058.json
- Plain text: https://secwatch.observer/filing/0001482430-24-000058.txt

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