---
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"
generated_at: "2026-05-29T17:46:58.890348+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# KBS REIT III extends portfolio loan to Jan 2025, sells Preston Commons; substantial going concern doubt

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 8.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001482430-24-000069
- JSON: https://secwatch.observer/filing/0001482430-24-000069.json
- Plain text: https://secwatch.observer/filing/0001482430-24-000069.txt

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