---
schema_version: "secwatch.filing_event.v1"
accession: "0001482430-24-000077"
form_type: "8-K"
ticker: "KBSR"
cik: "0001482430"
company_name: "KBS Real Estate Investment Trust III, Inc."
filed_at: "2024-12-23T23:59:59+00:00"
generated_at: "2026-05-28T23:35:08.875913+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# KBS REIT III extends Accenture Tower loan to Nov 2026; rate +300 bps, $16M new availability

## Summary
- Maturity extended from Dec 20, 2024 to Nov 2, 2026 with possible 12-month extension; outstanding principal $306M.
- Interest rate increased to one-month Term SOFR plus 300 bps (previously plus 235 bps).
- Total commitment raised to $322M: $306M outstanding plus $16M new funding for tenant improvements and capital costs.
- 100% excess cash flow from property deposited into collateral account; distributions restricted without lender consent.
- Loan modification fee $995,600 paid to lenders; exit fee $650,000 due at maturity; REIT Properties III provides 25% principal guaranty.

## SEC filing metadata
- accession: 0001482430-24-000077
- form_type: 8-K
- ticker: KBSR
- cik: 0001482430
- company_name: KBS Real Estate Investment Trust III, Inc.
- filed_at: 2024-12-23T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1482430/000148243024000077/0001482430-24-000077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1482430/000148243024000077/kbsriii-20241218.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001482430-24-000077
- JSON: https://secwatch.observer/filing/0001482430-24-000077.json
- Plain text: https://secwatch.observer/filing/0001482430-24-000077.txt

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