On December 12, 2024, KBS Real Estate Investment Trust III, Inc.’s (the “REIT”) board of directors approved an estimated value per share of the REIT’s common stock of $3.89. The change to the estimated value per share is based on the estimated value of the REIT’s assets less the estimated value of the REITs liabilities, or net asset value, divided by the number of shares outstanding, all as of September 30, 2024, apart from certain adjustments explained in the REIT’s 8-K filed with the Securities and Exchange Commission on December 20, 2024. To review the 8-K filing which provides an explanation of the net asset value change, adjustments, and the methodology, click KBS REIT III 8K FILING. 

 

The KBS REIT III portfolio update will be available for viewing late January 2025 at the kbs-cmg.com website, under “Presentation” within KBS REIT III. Registration will not be required since this will be a pre-recorded presentation. The presentation will include a discussion of the state of the commercial real estate and debt markets, the reasons behind the change to the Net Asset Value, the status of the portfolio, and the short and long-term goals of KBS REIT III. The presentation will include answers to most often asked questions by advisor and stockholders.