---
schema_version: "secwatch.filing_event.v1"
accession: "0001482430-25-000057"
form_type: "8-K"
ticker: "KBSR"
cik: "0001482430"
company_name: "KBS Real Estate Investment Trust III, Inc."
filed_at: "2025-12-19T23:59:59+00:00"
generated_at: "2026-05-16T12:33:40.133392+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# KBS REIT III board sets estimated NAV at $2.70 per share, down 31% from $3.89

## Summary
- Estimated value per share of $2.70, down 31% from $3.89 one year ago.
- Real estate property values fell from $14.51 to $10.98 per share, driven by office sector headwinds.
- Prime US REIT stake valued at $39.1M as of Nov 14, 2025; ownership reduced to 16.5% after private placement.
- Appraised value of 12 office properties $1.6B, down from $1.7B acquisition cost plus $711.6M improvements.
- Debt per share decreased from $10.69 to $8.63 due to property sales and paydowns.

## SEC filing metadata
- accession: 0001482430-25-000057
- form_type: 8-K
- ticker: KBSR
- cik: 0001482430
- company_name: KBS Real Estate Investment Trust III, Inc.
- filed_at: 2025-12-19T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1482430/000148243025000057/0001482430-25-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1482430/000148243025000057/kbsriii-20251218.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001482430-25-000057
- JSON: https://secwatch.observer/filing/0001482430-25-000057.json
- Plain text: https://secwatch.observer/filing/0001482430-25-000057.txt

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