{"schema_version":"secwatch.filing_event.v1","accession":"0001482430-24-000074","form_type":"8-K","ticker":"KBSR","cik":"0001482430","company_name":"KBS Real Estate Investment Trust III, Inc.","filed_at":"2024-12-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:08.558593+00:00","generated_at":"2026-05-29T00:15:38.576520+00:00","sec_items":["8.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"KBS REIT III board approves estimated NAV of $3.89/share, down 31% from $5.60 last year","bullets":["Estimated value per share of $3.89 as of Dec 12, 2024, a decline of $1.71 (31%) from $5.60 in Dec 2023.","Decline driven by lower real estate property values due to commercial real estate challenges and high interest rates.","Real estate properties per share estimated at $14.51, down from $16.41; notes payable per share $10.69 (net of $0.46 improvement).","Total appraised value of 14 properties plus one sold was $2.2B; no enterprise value premium assumed.","Valuation performed by Kroll LLC, approved by conflicts committee and board, for FINRA Rule 2231 reporting purposes."],"urls":{"canonical":"https://secwatch.observer/filing/0001482430-24-000074","json":"https://secwatch.observer/filing/0001482430-24-000074.json","markdown":"https://secwatch.observer/filing/0001482430-24-000074.md","text":"https://secwatch.observer/filing/0001482430-24-000074.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1482430/000148243024000074/0001482430-24-000074-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1482430/000148243024000074/kbsriii-20241212.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T00:15:38.576520+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"}