---
schema_version: "secwatch.filing_event.v1"
accession: "0001482430-25-000014"
form_type: "8-K"
ticker: "KBSR"
cik: "0001482430"
company_name: "KBS Real Estate Investment Trust III, Inc."
filed_at: "2025-03-03T23:59:59+00:00"
generated_at: "2026-05-25T17:27:51.198592+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# KBS REIT III neutral on Comrit mini-tender at $0.80; details liquidity and going concern risks

## Summary
- Comrit offers $0.80/share for up to 1,562,500 shares (1.05% of outstanding).
- Board neutral; notes $390M loan maturities and $80M paydowns in next 12 months.
- No dividends or redemptions expected until certain loans repaid or refinanced (maturity Jan 2027).
- Estimated value per share $3.89 as of Sept 30, 2024; current market not reflected.
- Substantial doubt about going concern, though risk reduced by recent refinancings.

## SEC filing metadata
- accession: 0001482430-25-000014
- form_type: 8-K
- ticker: KBSR
- cik: 0001482430
- company_name: KBS Real Estate Investment Trust III, Inc.
- filed_at: 2025-03-03T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1482430/000148243025000014/0001482430-25-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1482430/000148243025000014/kbsriii-20250228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001482430-25-000014
- JSON: https://secwatch.observer/filing/0001482430-25-000014.json
- Plain text: https://secwatch.observer/filing/0001482430-25-000014.txt

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