{"schema_version":"secwatch.filing_event.v1","accession":"0001482430-24-000069","form_type":"8-K","ticker":"KBSR","cik":"0001482430","company_name":"KBS Real Estate Investment Trust III, Inc.","filed_at":"2024-11-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:08.558272+00:00","generated_at":"2026-05-29T17:46:58.890348+00:00","sec_items":["1.01","2.03","8.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"KBS REIT III extends portfolio loan to Jan 2025, sells Preston Commons; substantial going concern doubt","bullets":["Substantial doubt about ability to continue as a going concern for at least one year from Nov 14, 2024.","Seventh Extension Agreement extends $460.9M facility maturity to Jan 23, 2025; requires mandate letter by Dec 19, 2024.","Sold Preston Commons (Dallas) for $151M on Nov 15, 2024; net proceeds of $141.4M after prorations and closing costs.","Sale proceeds used to pay down $140.4M of the portfolio loan and $1.0M in lender exit fees.","Advisor subordination: 90% of asset management fees on five properties remain payable; disposition fees capped at 0.65% and subordinated."],"urls":{"canonical":"https://secwatch.observer/filing/0001482430-24-000069","json":"https://secwatch.observer/filing/0001482430-24-000069.json","markdown":"https://secwatch.observer/filing/0001482430-24-000069.md","text":"https://secwatch.observer/filing/0001482430-24-000069.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1482430/000148243024000069/0001482430-24-000069-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1482430/000148243024000069/kbsriii-20241115.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T17:46:58.890348+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"}