KBS REIT III Files 8-K: Material Agreement and Exhibits
Ticker: KBSR · Form: 8-K · Filed: Sep 27, 2024 · CIK: 1482430
Sentiment: neutral
Topics: material-agreement, filing, real-estate
TL;DR
KBS REIT III filed an 8-K for a material agreement & exhibits.
AI Summary
On September 27, 2024, KBS Real Estate Investment Trust III, Inc. filed an 8-K report. The filing indicates the entry into a material definitive agreement and includes financial statements and exhibits. The company is incorporated in Maryland and its principal executive offices are located in Newport Beach, California.
Why It Matters
This filing signals a significant contractual development for KBS Real Estate Investment Trust III, Inc., potentially impacting its operations and financial standing.
Risk Assessment
Risk Level: low — The filing is a standard disclosure of a material agreement and exhibits, not indicating immediate financial distress or significant operational changes.
Key Players & Entities
- KBS Real Estate Investment Trust III, Inc. (company) — Registrant
- Maryland (jurisdiction) — State of Incorporation
- Newport Beach, California (location) — Principal Executive Offices
FAQ
What is the nature of the material definitive agreement entered into by KBS Real Estate Investment Trust III, Inc.?
The filing does not specify the nature of the material definitive agreement, only that one has been entered into as of September 27, 2024.
When was the report filed with the SEC?
The report was filed on September 27, 2024.
What is the company's state of incorporation?
The company is incorporated in Maryland.
Where are the principal executive offices of KBS Real Estate Investment Trust III, Inc. located?
The principal executive offices are located at 800 Newport Center Drive, Suite 700, Newport Beach, California 92660.
What items are being reported in this 8-K filing?
This 8-K filing reports the entry into a material definitive agreement and includes financial statements and exhibits.
Filing Stats: 516 words · 2 min read · ~2 pages · Grade level 12.4 · Accepted 2024-09-27 15:29:05
Filing Documents
- kbsriii-20240927.htm (8-K) — 25KB
- kbsriii8k-exhibit991.htm (EX-99.1) — 223KB
- 0001482430-24-000053.txt ( ) — 399KB
- kbsriii-20240927.xsd (EX-101.SCH) — 2KB
- kbsriii-20240927_lab.xml (EX-101.LAB) — 20KB
- kbsriii-20240927_pre.xml (EX-101.PRE) — 11KB
- kbsriii-20240927_htm.xml (XML) — 3KB
01 ENTRY INTO MATERIAL DEFINITIVE AGREEMENT
ITEM 1.01 ENTRY INTO MATERIAL DEFINITIVE AGREEMENT Renewal of Advisory Agreement On September 27, 2024, KBS Real Estate Investment Trust III, Inc. (the "Company") renewed its advisory agreement with KBS Capital Advisors LLC (the "Advisor"). The renewed advisory agreement is effective through September 27, 2025 but may be renewed for an unlimited number of successive one-year periods upon the mutual consent of the Company and the Advisor. The renewed advisory agreement may be terminated (i) upon 60 days' written notice without cause or penalty by either the Company (acting through the Conflicts Committee) or the Advisor or (ii) immediately by the Company for cause or upon the bankruptcy of the Advisor. The terms of the renewed advisory agreement are identical to those of the advisory agreement that was previously in effect.
01 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits Ex. Description 99.1 Advisory Agreement 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. KBS REAL ESTATE INVESTMENT TRUST III, INC. Dated: September 27, 2024 BY: /s/ Jeffrey K. Waldvogel Jeffrey K. Waldvogel Chief Financial Officer, Treasurer and Secretary