secwatch.observer — SEC 8-K summary
======================================

Issuer:     KBS Real Estate Investment Trust III, Inc. (KBSR)
CIK:        0001482430
Form:       8-K
Filed at:   2025-09-29T23:59:59+00:00
Accession:  0001482430-25-000049
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1482430/000148243025000049/0001482430-25-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1482430/000148243025000049/kbsriii-20250923.htm
  HTML page:      https://secwatch.observer/filing/0001482430-25-000049

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer