---
schema_version: "secwatch.filing_event.v1"
accession: "0001482430-26-000005"
form_type: "8-K"
ticker: "KBSR"
cik: "0001482430"
company_name: "KBS Real Estate Investment Trust III, Inc."
filed_at: "2026-02-02T23:59:59+00:00"
generated_at: "2026-05-16T05:35:08.012335+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# KBS REIT III extends $205.5M loan facility maturity to March 25, 2026 with conditions

## Summary
- Fourth Modification Agreement extends Modified Portfolio Revolving Loan Facility from March 1 to March 25, 2026, subject to conditions not in KBS's sole control.
- Further possible extension to April 15, 2026, also conditional; failure to meet conditions reinstates March 1 maturity and triggers event of default.
- KBS agreed to cap asset management fees to Advisor at 90% of those tied to Properties; disposition fees limited to 0.65% of sales price.
- Outstanding principal $205.5M; $3.3M holdbacks available; loan secured by three office properties (515 Congress, Gateway Tech Center, 201 17th Street).
- Management reiterates substantial doubt about going concern due to upcoming maturities, challenging lending environment, and office market instability.

## SEC filing metadata
- accession: 0001482430-26-000005
- form_type: 8-K
- ticker: KBSR
- cik: 0001482430
- company_name: KBS Real Estate Investment Trust III, Inc.
- filed_at: 2026-02-02T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1482430/000148243026000005/0001482430-26-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1482430/000148243026000005/kbsriii-20260127.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001482430-26-000005
- JSON: https://secwatch.observer/filing/0001482430-26-000005.json
- Plain text: https://secwatch.observer/filing/0001482430-26-000005.txt

## Key facts
- Debt Financings
  KBS Real Estate Investment Trust III, Inc. amended credit facility of $205.5 million with U.S. Bank National Association, as administrative agent maturing March 25, 2026.
  - Instrument: credit facility
  - Principal: $205.5 million
  - Counterparty: U.S. Bank National Association, as administrative agent
  - Maturity: March 25, 2026
  - Event: amendment
  source text: Gateway Tech Center and 201 17th Street (the “Properties”). As of January 27, 2026, the outstanding principal balance of the Modified Portfolio Revolving Loan Facility was $205.5 million, and $3.3 million of the holdbacks on the Modified Portfolio Revolving Loan Facility are available for future disbursement, subject to certain terms and conditions contained in
  evidence_url: https://www.sec.gov/Archives/edgar/data/1482430/000148243026000005/0001482430-26-000005-index.htm

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