---
schema_version: "secwatch.filing_event.v1"
accession: "0001482430-25-000049"
form_type: "8-K"
ticker: "KBSR"
cik: "0001482430"
company_name: "KBS Real Estate Investment Trust III, Inc."
filed_at: "2025-09-29T23:59:59+00:00"
generated_at: "2026-05-17T05:23:49.424616+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# KBS REIT III completes $100M sale of Park Place Village, repays debt

## Summary
- Sold Park Place Village (Leawood, KS) for gross $100M, net $95.5M after closing costs and $0.8M disposition fee.
- Net proceeds used to pay off $65.2M mortgage loan and reduce Credit Facility by $25.4M to $37.5M outstanding.
- Remaining net proceeds retained for general liquidity needs.
- Property is 484,980 sq ft mixed-use on 17.1 acres; acquired June 2015.

## SEC filing metadata
- accession: 0001482430-25-000049
- form_type: 8-K
- ticker: KBSR
- cik: 0001482430
- company_name: KBS Real Estate Investment Trust III, Inc.
- filed_at: 2025-09-29T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1482430/000148243025000049/0001482430-25-000049-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1482430/000148243025000049/kbsriii-20250923.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001482430-25-000049
- JSON: https://secwatch.observer/filing/0001482430-25-000049.json
- Plain text: https://secwatch.observer/filing/0001482430-25-000049.txt

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