---
schema_version: "secwatch.filing_event.v1"
accession: "0001482430-26-000016"
form_type: "8-K"
ticker: "KBSR"
cik: "0001482430"
company_name: "KBS Real Estate Investment Trust III, Inc."
filed_at: "2026-04-08T23:59:59+00:00"
generated_at: "2026-05-15T06:53:00.925239+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# KBS REIT III amends loan facility, extends maturity to Dec 2026, defers fees after $48M property sale

## Summary
- Sold Gateway Tech Center for $50M; net proceeds $48.1M used to reduce loan balance by $47.5M.
- Fifth Modification extends maturity to Dec 15, 2026 (possible to Mar 31, 2027); eliminates principal amortization.
- Deferred REIT-level expenses and asset management fees until sale of remaining properties (515 Congress and 201 17th St).
- Drew $1.8M for tenant improvements and $1.0M for tax escrow from holdbacks; modified cash management.
- Management notes substantial doubt about going concern due to upcoming maturities and challenging office market.

## SEC filing metadata
- accession: 0001482430-26-000016
- form_type: 8-K
- ticker: KBSR
- cik: 0001482430
- company_name: KBS Real Estate Investment Trust III, Inc.
- filed_at: 2026-04-08T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1482430/000148243026000016/0001482430-26-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1482430/000148243026000016/kbsriii-20260402.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001482430-26-000016
- JSON: https://secwatch.observer/filing/0001482430-26-000016.json
- Plain text: https://secwatch.observer/filing/0001482430-26-000016.txt

## Source-grounded claims
- claim_id: 2d281d029466af06171f9b6c1fafda6703ce06bd
  claim: KBS Real Estate Investment Trust III, Inc. amended revolving credit of $160.4 million with U.S. Bank National Association, as administrative agent maturing December 15, 2026.
  evidence_excerpt: Agreement and after giving effect to the disbursement of the holdbacks described below, the outstanding principal balance of the Modified Portfolio Revolving Loan Facility was $160.4 million, with no additional holdbacks available for future funding. The Fifth Modification Agreement extended the maturity date of the Modified Portfolio Revolving Loan Facility to
  evidence_url: https://www.sec.gov/Archives/edgar/data/1482430/000148243026000016/0001482430-26-000016-index.htm

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