KBSR / KBS Real Estate Investment Trust III, Inc. - Pengajuan SECLaporan Tahunan, Pernyataan Proksi

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 23, 2025 KBS REAL ESTATE INV

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 23, 2025 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorpora

Fifth Modification Agreement, by and among KBSIII 500 West Madison, LLC, U.S. Bank National Association, and Lenders dated as of January 17, 2025

Exhibit 10.2 FIFTH MODIFICATION AGREEMENT This FIFTH MODIFICATION AGREEMENT (this “Modification Agreement”) is dated as of January 17, 2025, by and among (i) KBSIII 500 WEST MADISON, LLC, a Delaware limited liability company (“Borrower”), (ii) U.S. BANK NATIONAL ASSOCIATION, a national banking association, as agent (in such capacity, “Administrative Agent”), and (iii) each lender party hereto (ind

Amendment No. 3 to the Advisory Agreement, by and between the Company and KBS Capital Advisors LLC, dated as of February 26, 2025

Exhibit 10.1 AMENDMENT NO. 3 TO THE ADVISORY AGREEMENT This amendment no. 3 to the Advisory Agreement dated as of September 27, 2024, as amended on October 11, 2024 and December 20, 2024 (as may be amended, restated, renewed, extended, replaced, supplemented or otherwise modified from time to time, the “Advisory Agreement”), between KBS Real Estate Investment Trust III, Inc., a Maryland corporatio

Short Term Extension Agreement, by and among KBSIII 60 South Sixth Street, LLC, KBSIII Preston Commons, LLC, KBSIII Sterling Plaza, LLC, KBSIII Towers at Emeryville, LLC, KBSIII Ten Almaden, LLC, KBSIII Legacy Town Center, LLC, KBS REIT Properties III, LLC and Bank of America, N.A., effective as of January 23, 2025

Exhibit 10.3.1 SHORT TERM EXTENSION AGREEMENT THIS SHORT TERM EXTENSION AGREEMENT (this “Agreement”) is effective as of January 23, 2025 (the “Effective Date”), by and among KBSIII 60 SOUTH SIXTH STREET, LLC, a Delaware limited liability company (“RBC Plaza Borrower”), KBSIII PRESTON COMMONS, LLC, a Delaware limited liability company (“Preston Commons Borrower”), KBSIII STERLING PLAZA, LLC, a Dela

Eighth Loan Modification Agreement, including Conformed Loan Agreement, by and among KBSIII 60 South Sixth Street, LLC, KBSIII Preston Commons, LLC, KBSIII Sterling Plaza, LLC, KBSIII Towers at Emeryville, LLC, KBSIII Ten Almaden, LLC, KBSIII Legacy Town Center, LLC, KBS REIT Properties III, LLC and Bank of America, N.A., effective as of February 6, 2025

Exhibit 10.3.2 EIGHTH LOAN MODIFICATION AGREEMENT THIS EIGHTH LOAN MODIFICATION AGREEMENT (this “Agreement”) is effective as of February 6, 2025 (the “Effective Date”), by and among KBSIII 60 SOUTH SIXTH STREET, LLC, a Delaware limited liability company (“RBC Plaza Borrower”), KBSIII PRESTON COMMONS, LLC, a Delaware limited liability company (“Preston Commons Borrower”), KBSIII STERLING PLAZA, LLC

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 00

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 6, 2025 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorporati

Unsolicited Tender Offer from West 4 Capital LP (“West 4”)

Exhibit 99.1 May 8, 2025 Unsolicited Tender Offer from West 4 Capital LP (“West 4”) Dear Stockholder: You may soon receive, or have already received, materials from West 4 related to an unsolicited tender offer to purchase your shares of KBS Real Estate Investment Trust III, Inc. (“KBS REIT III”). West 4 seeks to acquire 2,295,000 shares of common stock of KBS REIT III at a price of $0.80 per shar

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☐ Definitive Proxy Statement ☒ Definitive Additional Materials ☐ Soliciting Material Pursuant to § 240.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A (RULE 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A (RULE 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☒ Definitive Proxy Statement ☐ Definitive Additional Materials ☐ Soliciting Material Pursuant to § 240.

Third Modification Agreement by and among KBSIII 500 West Madison, LLC, U.S. Bank National Association, and Lenders dated as of November 1, 2024

Exhibit 10.5.10 EXECUTION VERSION THIRD MODIFICATION AGREEMENT This THIRD MODIFICATION AGREEMENT (this “Agreement”) is dated as of November 1, 2024, by and among (i) KBSIII 500 WEST MADISON, LLC, a Delaware limited liability company (“Borrower”), (ii) U.S. BANK NATIONAL ASSOCIATION, a national banking association, as agent (in such capacity, “Agent”), and (iii) each lender party hereto (individual

Management Fee and Disposition Fee Subordination Agreement, by KBS Capital Advisors LLC in favor of U.S. Bank National Association, dated as of November 22, 2024

Exhibit 10.2 Execution Version MANAGEMENT FEE AND DISPOSITION FEE SUBORDINATION AGREEMENT This Management Fee and Disposition Fee Subordination Agreement (this “Agreement”) is made as of November 22, 2024, by KBS CAPITAL ADVISORS LLC, a Delaware limited liability company (the “Advisor”), in favor of U.S. BANK NATIONAL ASSOCIATION, as administrative agent for the Lenders under the Credit Agreement

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-546

Third Extension Agreement by and among KBSIII 500 West Madison, LLC, U.S. Bank National Association, and Lenders dated as of December 18, 2024

Exhibit 10.5.13 Execution Version THIRD EXTENSION AGREEMENT This THIRD EXTENSION AGREEMENT (this “Agreement”) is dated as of December 18, 2024, by and among (i) KBSIII 500 WEST MADISON, LLC, a Delaware limited liability company (“Borrower”), (ii) U.S. BANK NATIONAL ASSOCIATION, a national banking association, as agent (in such capacity, “Agent”), and (iii) each lender party hereto (individually, a

Fourth Modification Agreement by and among KBSIII 500 West Madison, LLC, U.S. Bank National Association, and Lenders dated as of December 20, 2024

Exhibit 10.5.14 Execution Version FOURTH MODIFICATION AGREEMENT This FOURTH MODIFICATION AGREEMENT (this “Modification Agreement”) is dated as of December 20, 2024, by and among (i) KBSIII 500 WEST MADISON, LLC, a Delaware limited liability company (“Borrower”), (ii) U.S. BANK NATIONAL ASSOCIATION, a national banking association, as agent (in such capacity, “Administrative Agent”), and (iii) each

First Extension Agreement by and among KBSIII 500 West Madison, LLC, U.S. Bank National Association, and Lenders dated as of December 9, 2024

Exhibit 10.5.11 Execution Version EXTENSION AGREEMENT This EXTENSION AGREEMENT (this “Agreement”) is dated as of December 9, 2024, by and among (i) KBSIII 500 WEST MADISON, LLC, a Delaware limited liability company (“Borrower”), (ii) U.S. BANK NATIONAL ASSOCIATION, a national banking association, as agent (in such capacity, “Agent”), and (iii) each lender party hereto (individually, a “Lender” and

Amended and Restated Promissory Note by and between KBSIII 500 West Madison, LLC and National Bank of Kuwait S.A.K.P. Grand Cayman Branch, dated as of December 20, 2024

Exhibit 10.5.18 AMENDED AND RESTATED PROMISSORY NOTE $42,933,333.33 Newport Beach, California December 20, 2024 FOR VALUE RECEIVED, KBSIII 500 WEST MADISON, LLC, a Delaware limited liability company, as maker, having its principal place of business at 800 Newport Center Drive, Suite 700, Newport Beach, California 92660 ("Borrower"), hereby unconditionally promises to pay to the order of NATIONAL B

Seventh Loan Modification and Extension Agreement, by and among KBSIII 60 South Sixth Street, LLC, KBSIII Preston Commons, LLC, KBSIII Sterling Plaza, LLC, KBSIII Towers at Emeryville, LLC, KBSIII Ten Almaden, LLC, KBSIII Legacy Town Center, LLC, KBS REIT Properties III, LLC and Bank of America, N.A., dated as of November 22, 2024

Exhibit 10.3.16 Execution Version SEVENTH LOAN MODIFICATION AGREEMENT THIS SEVENTH LOAN MODIFICATION AGREEMENT (this “Agreement”) is effective as of November 22, 2024 (the “Effective Date”), by and among KBSIII 60 SOUTH SIXTH STREET, LLC, a Delaware limited liability company (“RBC Plaza Borrower”), KBSIII PRESTON COMMONS, LLC, a Delaware limited liability company (“Preston Commons Borrower”), KBSI

Amended and Restated Promissory Note by and between KBSIII 500 West Madison, LLC and U.S. Bank National Association, dated as of December 20, 2024

Exhibit 10.5.19 AMENDED AND RESTATED PROMISSORY NOTE $98,746,666.67 Newport Beach, California December 20, 2024 FOR VALUE RECEIVED, KBSIII 500 WEST MADISON, LLC, a Delaware limited liability company, as maker, having its principal place of business at 800 Newport Center Drive, Suite 700, Newport Beach, California 92660 ("Borrower"), hereby unconditionally promises to pay to the order of U.S. BANK

Amended and Restated Promissory Note by and between KBSIII 500 West Madison, LLC and Deutsche Pfandbriefbank AG dated as of December 20, 2024

Exhibit 10.5.17 AMENDED AND RESTATED PROMISSORY NOTE $72,986,666.67 Newport Beach, California December 20, 2024 FOR VALUE RECEIVED, KBSIII 500 WEST MADISON, LLC, a Delaware limited liability company, as maker, having its principal place of business at 800 Newport Center Drive, Suite 700, Newport Beach, California 92660 (“Borrower”), hereby unconditionally promises to pay to the order of DEUTSCHE P

Second Extension Agreement by and among KBSIII 500 West Madison, LLC, U.S. Bank National Association, and Lenders dated as of December 12, 2024

Exhibit 10.5.12 Execution Version SECOND EXTENSION AGREEMENT This SECOND EXTENSION AGREEMENT (this “Agreement”) is dated as of December 12, 2024, by and among (i) KBSIII 500 WEST MADISON, LLC, a Delaware limited liability company (“Borrower”), (ii) U.S. BANK NATIONAL ASSOCIATION, a national banking association, as agent (in such capacity, “Agent”), and (iii) each lender party hereto (individually,

Subsidiaries of the Company

Exhibit 21.1 Subsidiaries of KBS Real Estate Investment Trust III, Inc. CA Capital Management Services II, LLC KBSIII REIT Acquisition III, LLC KBS Limited Partnership III KBSIII REIT Acquisition IV, LLC KBS REIT Holdings III LLC KBSIII REIT Acquisition V, LLC KBS REIT Properties III, LLC KBSIII REIT Acquisition VII, LLC KBSIII 155 North 400 West, LLC KBSIII REIT Acquisition VIII, LLC KBSIII 1550

Amended and Restated Promissory Note by and between KBSIII 500 West Madison, LLC and Bank of America, N.A., dated as of December 20, 2024

Exhibit 10.5.16 AMENDED AND RESTATED PROMISSORY NOTE $107,333,333.33 Newport Beach, California December 20, 2024 FOR VALUE RECEIVED, KBSIII 500 WEST MADISON, LLC, a Delaware limited liability company, as maker, having its principal place of business at 800 Newport Center Drive, Suite 700, Newport Beach, California 92660 (“Borrower”), hereby unconditionally promises to pay to the order of BANK OF A

Sixth Loan Modification and Extension Agreement, by and among KBSIII 60 South Sixth Street, LLC, KBSIII Preston Commons, LLC, KBSIII Sterling Plaza, LLC, KBSIII Towers at Emeryville, LLC, KBSIII Ten Almaden, LLC, KBSIII Legacy Town Center, LLC, KBS REIT Properties III, LLC and Bank of America, N.A., effective as of October 11, 2024

Exhibit 10.3.15 SIXTH LOAN MODIFICATION AND EXTENSION AGREEMENT THIS SIXTH LOAN MODIFICATION AND EXTENSION AGREEMENT (this “Agreement”) is effective as of October 11, 2024 (the “Effective Date”), by and among KBSIII 60 SOUTH SIXTH STREET, LLC, a Delaware limited liability company (“RBC Plaza Borrower”), KBSIII PRESTON COMMONS, LLC, a Delaware limited liability company (“Preston Commons Borrower”),

Code of Conduct and Ethics

Exhibit 14.1 KBS REAL ESTATE INVESTMENT TRUST III, INC. CODE OF CONDUCT AND ETHICS KBS Real Estate Investment Trust III, Inc. (the “Company”) has established this Code of Conduct and Ethics (the “Code”) that applies to (i) the Company’s officers and directors and (ii) the managers, officers, employees and independent contractors of KBS Capital Advisors LLC (the “Advisor”), KBS Capital Markets Grou

Amendment No. 2 to the Advisory Agreement, by and between the Company and KBS Capital Advisors LLC, dated as of December 20, 2024

Exhibit 10.1.3 AMENDMENT NO. 2 TO THE ADVISORY AGREEMENT This amendment no. 2 to the Advisory Agreement dated as of September 27, 2024, as amended on October 11, 2024 (the “Advisory Agreement”), between KBS Real Estate Investment Trust III, Inc., a Maryland corporation (the “Company”), and KBS Capital Advisors LLC, a Delaware limited liability company (the “Advisor”), is entered as of December 20,

U.S. Bank National Association, and Lenders dated as of December 20, 2024

Exhibit 10.5.15 Execution Version AMENDED AND RESTATED PAYMENT GUARANTY AGREEMENT THIS AMENDED AND RESTATED PAYMENT GUARANTY AGREEMENT (this “Guaranty”) is made as of the 20th day of December, 2024, by KBS REIT PROPERTIES III, LLC, a Delaware limited liability company (“Guarantor”), to and for the benefit of U.S. BANK NATIONAL ASSOCIATION, a national banking association, as administrative agent (“

Amended and Restated Recourse Carve-Out Guaranty Agreement by and among KBS REIT Properties III, LLC, U.S. Bank National Association, and Lenders dated as of December 20, 2024

Exhibit 10.5.20 Execution Version AMENDED AND RESTATED RECOURSE CARVE-OUT GUARANTY AGREEMENT THIS AMENDED AND RESTATED RECOURSE CARVE-OUT GUARANTY AGREEMENT (this “Guaranty”) is made as of the 20th day of December, 2024, by KBS REIT PROPERTIES III, LLC, a Delaware limited liability company (“Guarantor”), to and for the benefit of U.S. BANK NATIONAL ASSOCIATION, a national banking association, as a

Amendment No. 1 to the Advisory Agreement, by and between the Company and KBS Capital Advisors LLC, dated as of October 11, 2024

Exhibit 10.1.2 AMENDMENT NO. 1 TO THE ADVISORY AGREEMENT This amendment no. 1 to the Advisory Agreement dated as of September 27, 2024 (the “Advisory Agreement”), between KBS Real Estate Investment Trust III, Inc., a Maryland corporation (the “Company”), and KBS Capital Advisors LLC, a Delaware limited liability company (the “Advisor”), is entered as of October 11, 2024 (the “Amendment”). Capitali

Unsolicited Tender Offer from Comrit Investments 1, LP (“Comrit”)

Exhibit 99.1 March 3, 2025 Unsolicited Tender Offer from Comrit Investments 1, LP (“Comrit”) Dear Stockholder: You may soon receive, or have already received, materials from Comrit related to an unsolicited tender offer to purchase your shares of KBS Real Estate Investment Trust III, Inc. (“KBS REIT III”). Comrit, after recently acquiring 1,787,497 shares of KBS REIT III in a previous tender offer

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 28, 2025 KBS REAL ESTATE

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 28, 2025 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incor

1 3003 Washington Arlington, VA February 2025 Portfolio Update Exhibit 99.1 KBS-CMG.COM 2 The information contained herein should be read in conjunction with, and is qualified by, the information in KBS Real Estate Investment Trust III, Inc.’s (the “

1 3003 Washington Arlington, VA February 2025 Portfolio Update Exhibit 99.1 KBS-CMG.COM 2 The information contained herein should be read in conjunction with, and is qualified by, the information in KBS Real Estate Investment Trust III, Inc.’s (the “Company”, “KBS REIT III”, ”we” or “our”) Annual Report on Form 10-K (the “Annual Report”), and in the Company’s Quarterly Report on Form 10-Q for the

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 28, 2025 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incor

Entry into a Material Definitive Agreement

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 6, 2025 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorp

Entry into a Material Definitive Agreement

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 23, 2025 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorp

Entry into a Material Definitive Agreement

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 18, 2024 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incor

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 12, 2024 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incor

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 9, 2024 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorp

Entry into a Material Definitive Agreement

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 15, 2024 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incor

Fifth Loan Modification and Extension Agreement, by and among KBSIII 60 South Sixth Street, LLC, KBSIII

Exhibit 10.1 FIFTH LOAN MODIFICATION AND EXTENSION AGREEMENT THIS FIFTH LOAN MODIFICATION AND EXTENSION AGREEMENT (this “Agreement”) is effective as of July 15, 2024 (the “Effective Date”), by and among KBSIII 60 SOUTH SIXTH STREET, LLC, a Delaware limited liability company (“RBC Plaza Borrower”), KBSIII PRESTON COMMONS, LLC, a Delaware limited liability company (“Preston Commons Borrower”), KBSII

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file numbe

Second Amendment to Deed of Lease, by and between KBSIII 3003 Washington, LLC and KBS Realty Advisors, LLC, dated August 12, 2024, incorporated by reference to Exhibit 10.2 to the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2024, filed November 14, 2024

Exhibit 10.2 EXECUTION COPY SECOND AMENDMENT TO DEED OF OFFICE LEASE THIS SECOND AMENDMENT TO DEED OF OFFICE LEASE (this “Amendment”) is made as of August 12, 2024 (the “Effective Date”), by and between KBSIII 3003 WASHINGTON, LLC, a Delaware limited liability company (“Landlord”) and KBS REALTY ADVISORS, LLC, a Delaware limited liability company (“Tenant”). RECITALS A.Landlord and Tenant are part

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 1, 2024 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorp

Entry into a Material Definitive Agreement

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 11, 2024 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorp

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 27, 2024 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Inco

ADVISORY AGREEMENT KBS REAL ESTATE INVESTMENT TRUST III, INC. KBS CAPITAL ADVISORS LLC September 27, 2024 TABLE OF CONTENTS Page ARTICLE 1 – DEFINITIONS 1 ARTICLE 2 – APPOINTMENT 9 ARTICLE 3 – DUTIES OF THE ADVISOR 9 3.01 Organizational and Offering

Exhibit 99.1 ADVISORY AGREEMENT between KBS REAL ESTATE INVESTMENT TRUST III, INC. and KBS CAPITAL ADVISORS LLC September 27, 2024 TABLE OF CONTENTS Page ARTICLE 1 – DEFINITIONS 1 ARTICLE 2 – APPOINTMENT 9 ARTICLE 3 – DUTIES OF THE ADVISOR 9 3.01 Organizational and Offering Services 9 3.02 Acquisition Services 10 3.03 Asset Management Services 10 3.04 Stockholder Services 13 3.05 Other Services 13

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 23, 2024 KBS REAL ESTATE INV

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 23, 2024 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorpora

Unsolicited Tender Offer from Comrit Investments 1, LP (“Comrit”)

EX-99.1 2 kbsriii8k-ex991.htm RESPONSE TO MINI-TENDER OFFER Exhibit 99.1 July 19, 2024 Unsolicited Tender Offer from Comrit Investments 1, LP (“Comrit”) Dear Stockholder: You may soon receive, or have already received, materials from Comrit related to an unsolicited tender offer to purchase your shares of KBS Real Estate Investment Trust III, Inc. (“KBS REIT III” or “we”). Comrit, after recently a

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 19, 2024 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorpora

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 15, 2024 KBS REAL ESTATE INV

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 15, 2024 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorpora

Third Modification Agreement (Short Form – 201 17th Street Project) by and between KBSIII 201 17th Street, LLC and U.S. Bank National Association, dated as of February 9, 2024

Exhibit 10.8 RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: Sheppard, Mullin, Richter & Hampton LLP 650 Town Center Drive, 10th Floor Costa Mesa, California 92626 Attention: David Hengstler Tax Parcel No. 17-0108-0001-547-4 Cross Reference: Deed Book 61099, Pg 60 Fulton County, Georgia, Records CLERK'S COVER SHEET / HB 974 DISCLOSURES 1.Date of Document: February 9, 2024 2.Signatories to the Do

Additional Advance and Third Modification Agreement by and among KBSIII 1550 West McEwen Drive, LLC, KBSIII 155 North 400 West, LLC, KBSIII 515 Congress, LLC, and KBSIII 201 17th Street, LLC, U.S. Bank National Association, and Lenders dated as of February 9, 2024

Exhibit 10.2 ADDITIONAL ADVANCE AND THIRD MODIFICATION AGREEMENT (Long Form) This ADDITIONAL ADVANCE AND THIRD MODIFICATION AGREEMENT (Long Form) (this “Agreement”) is dated as of February 9, 2024, by and among (i) KBSIII 1550 WEST MCEWEN DRIVE, LLC (“McEwen Borrower”), KBSIII 155 NORTH 400 WEST, LLC (“400 W Borrower”), KBSIII 515 CONGRESS, LLC (“515 Congress Borrower”), and KBSIII 201 17TH STREET

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 00

Fourth Loan Modification and Extension Agreement, by and among KBSIII 60 South Sixth Street, LLC, KBSIII Preston Commons, LLC, KBSIII Sterling Plaza, LLC, KBSIII Towers at Emeryville, LLC, KBSIII Ten Almaden, LLC, and KBSIII Legacy Town Center, LLC, KBS REIT Properties III, LLC, Bank of America, N.A. and the Lenders, effective as of February 6, 2024

Exhibit 10.1 FOURTH LOAN MODIFICATION AND EXTENSION AGREEMENT THIS FOURTH LOAN MODIFICATION AND EXTENSION AGREEMENT (this “Agreement”) is effective as of February 6, 2024 (the “Effective Date”), by and among KBSIII 60 SOUTH SIXTH STREET, LLC, a Delaware limited liability company (“RBC Plaza Borrower”), KBSIII PRESTON COMMONS, LLC, a Delaware limited liability company (“Preston Commons Borrower”),

Additional Advance and Third Modification Agreement (Short Form – 515 Congress Senior Loan) by and between KBSIII 515 Congress, LLC and U.S. Bank National Association, dated as of February 9, 2024

Exhibit 10.4 RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: Sheppard, Mullin, Richter & Hampton LLP 650 Town Center Drive, 10th Floor Costa Mesa, California 92626 Attention: David Hengstler THIS SPACE ABOVE FOR RECORDER'S USE NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OF THE FOLLOWING INFORMATION FROM THIS INSTRUMENT BEFORE IT IS FILED FOR RECORD

Additional Advance and Third Modification Agreement (Short Form – Gateway Tech Project) by and between KBSIII 155 North 400 West, LLC and U.S. Bank National Association, dated as of February 9, 2024

Exhibit 10.7 RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: Sheppard, Mullin, Richter & Hampton LLP 650 Town Center Drive, 10th Floor Costa Mesa, California 92626 Attention: David Hengstler APN: 08-36-376-056; 08-36-376-057 THIS SPACE ABOVE FOR RECORDER'S USE ADDITIONAL ADVANCE AND THIRD MODIFICATION AGREEMENT (Short Form – Gateway Tech Project) This ADDITIONAL ADVANCE AND THIRD MODIFICATION AG

Additional Advance and Third Modification Agreement (Short Form – 515 Congress Junior Loan) by and between KBSIII 515 Congress, LLC and U.S. Bank National Association, dated as of February 9, 2024

Exhibit 10.5 RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: Sheppard, Mullin, Richter & Hampton LLP 650 Town Center Drive, 10th Floor Costa Mesa, California 92626 Attention: David Hengstler THIS SPACE ABOVE FOR RECORDER'S USE NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OF THE FOLLOWING INFORMATION FROM THIS INSTRUMENT BEFORE IT IS FILED FOR RECORD

Additional Advance and Third Modification Agreement (Short Form – McEwen) by and between KBSIII 1550 West McEwen Drive, LLC and U.S. Bank National Association, dated as of February 9, 2024

Exhibit 10.6 RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: Sheppard, Mullin, Richter & Hampton LLP 650 Town Center Drive, 10th Floor Costa Mesa, California 92626 Attention: David Hengstler THIS SPACE ABOVE FOR RECORDER'S USE MAXIMUM PRINCIPAL INDEBTEDNESS FOR TENNESSEE RECORDING TAX PURPOSES IS $0. RECORDING TAX PREVIOUSLY PAID UPON RECORDATION OF THAT CERTAIN DEED OF TRUST, ASSIGNMENT OF LEAS

Modification of Guaranty and Consent and Reaffirmation of Guarantor by KBS REIT Properties III, LLC dated as of February 9, 2024

Exhibit 10.3 MODIFICATION OF GUARANTY AND CONSENT AND REAFFIRMATION OF GUARANTOR This Modification of Guaranty and Consent and Reaffirmation of Guarantor (this “Consent”) is attached to that certain Additional Advance and Third Modification Agreement (Long Form) (the “Modification Agreement”) dated as of February 9, 2024 by and among (i) KBSIII 1550 WEST MCEWEN DRIVE, LLC, KBSIII 155 NORTH 400 WES

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A (RULE 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A (RULE 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☒ Definitive Proxy Statement ☐ Definitive Additional Materials ☐ Soliciting Material Pursuant to § 240.

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 4, 2024 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorpora

Unsolicited Tender Offer from Comrit Investments 1, LP (“Comrit”)

Exhibit 99.1 April 8, 2024 Unsolicited Tender Offer from Comrit Investments 1, LP (“Comrit”) Dear Stockholder: You may soon receive, or have already received, materials from Comrit related to an unsolicited tender offer to purchase your shares of KBS Real Estate Investment Trust III, Inc. (“KBS REIT III” or “we”). Comrit seeks to acquire, as described in their offering, 1,732,673 shares of common

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-546

Second Loan Modification and Extension Agreement, by and among KBSIII 60 South Street, LLC, KBSIII Preston Commons, LLC, KBSIII Sterling Plaza, LLC, KBSIII Towers at Emeryville, LLC, KBSIII Ten Almaden, LLC, KBSIII Legacy Town Center, LLC, KBS REIT Properties III, LLC and Bank of America, N.A., made effective as of November 17, 2023

Exhibit 10.24 SECOND LOAN MODIFICATION AND EXTENSION AGREEMENT THIS SECOND LOAN MODIFICATION AND EXTENSION AGREEMENT (this “Agreement”) is made effective as of November 17, 2023 (the “Effective Date”), by and among KBSIII 60 SOUTH SIXTH STREET, LLC, a Delaware limited liability company (“RBC Plaza Borrower”), KBSIII PRESTON COMMONS, LLC, a Delaware limited liability company (“Preston Commons Borro

Second Modification Agreement by and among KBSIII 500 West Madison, LLC, U.S. Bank National Association, and Lenders dated as of November 2, 2023

Exhibit 10.55 SECOND MODIFICATION AGREEMENT This SECOND MODIFICATION AGREEMENT (this “Agreement”) is dated as of November 2, 2023, by and among (i) KBSIII 500 WEST MADISON, LLC, a Delaware limited liability company (“Borrower”), (ii) U.S. BANK NATIONAL ASSOCIATION, a national banking association, as agent (in such capacity, “Agent”), and (iii) each lender party hereto (individually, a “Lender” and

Subsidiaries of the Company

Exhibit 21.1 Subsidiaries of KBS Real Estate Investment Trust III, Inc. CA Capital Management Services II, LLC KBSIII REIT Acquisition III, LLC KBS Limited Partnership III KBSIII REIT Acquisition IV, LLC KBS REIT Holdings III LLC KBSIII REIT Acquisition V, LLC KBS REIT Properties III, LLC KBSIII REIT Acquisition VII, LLC KBSIII 155 North 400 West, LLC KBSIII REIT Acquisition VIII, LLC KBSIII 1550

Loan Modification and Extension Agreement, by and among KBSIII 60 South Street, LLC, KBSIII Preston Commons, LLC, KBSIII Sterling Plaza, LLC, KBSIII Towers at Emeryville, LLC, KBSIII Ten Almaden, LLC, KBSIII Legacy Town Center, LLC, KBS REIT Properties III, LLC and Bank of America, N.A., executed as of November 8, 2023 and made effective as of November 3, 2023

Exhibit 10.23 LOAN MODIFICATION AND EXTENSION AGREEMENT THIS LOAN MODIFICATION AND EXTENSION AGREEMENT (this “Agreement”) is executed as of November 8, 2023 and made effective as of November 3, 2023 (the “Effective Date”), by and among KBSIII 60 SOUTH SIXTH STREET, LLC, a Delaware limited liability company (“RBC Plaza Borrower”), KBSIII PRESTON COMMONS, LLC, a Delaware limited liability company (“

AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON MARCH 19, 2024

AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON MARCH 19, 2024 Registration No.

Third Loan Modification and Extension Agreement, by and among KBSIII 60 South Street, LLC, KBSIII Preston Commons, LLC, KBSIII Sterling Plaza, LLC, KBSIII Towers at Emeryville, LLC, KBSIII Ten Almaden, LLC, KBSIII Legacy Town Center, LLC, KBS REIT Properties III, LLC and Bank of America, N.A., executed as of December 29, 2023 and made effective as of December 22, 2023

Exhibit 10.25 THIRD LOAN MODIFICATION AND EXTENSION AGREEMENT THIS THIRD LOAN MODIFICATION AND EXTENSION AGREEMENT (this “Agreement”) is executed as of December 29, 2023 and made effective as of December 22, 2023 (the “Effective Date”), by and among KBSIII 60 SOUTH SIXTH STREET, LLC, a Delaware limited liability company (“RBC Plaza Borrower”), KBSIII PRESTON COMMONS, LLC, a Delaware limited liabil

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 21, 2024 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incor

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 9, 2024 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorp

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 6, 2024 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorp

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 14, 2023 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incor

December 15, 2023 Portfolio Update 60 South Sixth Minneapolis, MN Exhibit 99.1 KBS.COM The information contained herein should be read in conjunction with, and is qualified by, the information in KBS Real Estate Investment Trust III, Inc.’s (the “Com

December 15, 2023 Portfolio Update 60 South Sixth Minneapolis, MN Exhibit 99.1 KBS.COM The information contained herein should be read in conjunction with, and is qualified by, the information in KBS Real Estate Investment Trust III, Inc.’s (the “Company”, “KBS REIT III”, ”we” or “our”) Annual Report on Form 10-K for the year ended December 31, 2022 (the “Annual Report”), and in the Company’s Quar

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 15, 2023 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incor

CONSENT OF INDEPENDENT VALUATION EXPERT

Exhibit 99.1 CONSENT OF INDEPENDENT VALUATION EXPERT We hereby consent: (a) to the reference to our name and description of our role in the (i) valuation process of certain of the real estate properties (the “Appraised Properties”) of KBS Real Estate Investment Trust III, Inc. (the “Company”), (ii) valuation process of the Company’s investment in units of Prime US REIT and (iii) valuation process

Fourth Amended and Restated Bylaws, incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K, filed December 14, 2023

Exhibit 3.1 FOURTH AMENDED AND RESTATED BYLAWS OF KBS REAL ESTATE INVESTMENT TRUST III, INC. ARTICLE I OFFICES Section 1.01. PRINCIPAL OFFICES. The principal office of KBS Real Estate Investment Trust III, Inc. (the “Corporation”) shall be located at such place or places as the board of directors may designate from time to time. Section 1.02. ADDITIONAL OFFICES. The Corporation may have additional

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 12, 2023 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incor

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 1, 2023 KBS REAL ESTATE

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 1, 2023 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorp

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 17, 2023 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incor

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file numbe

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 2, 2023 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorp

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 27, 2023 KBS REAL ESTAT

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 27, 2023 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Inco

ADVISORY AGREEMENT KBS REAL ESTATE INVESTMENT TRUST III, INC. KBS CAPITAL ADVISORS LLC September 27, 2023 TABLE OF CONTENTS Page ARTICLE 1 – DEFINITIONS 1 ARTICLE 2 – APPOINTMENT 9 ARTICLE 3 – DUTIES OF THE ADVISOR 9 3.01 Organizational and Offering

Exhibit 99.1 ADVISORY AGREEMENT between KBS REAL ESTATE INVESTMENT TRUST III, INC. and KBS CAPITAL ADVISORS LLC September 27, 2023 TABLE OF CONTENTS Page ARTICLE 1 – DEFINITIONS 1 ARTICLE 2 – APPOINTMENT 9 ARTICLE 3 – DUTIES OF THE ADVISOR 9 3.01 Organizational and Offering Services 9 3.02 Acquisition Services 10 3.03 Asset Management Services 10 3.04 Stockholder Services 13 3.05 Other Services 13

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 14, 2023 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Inco

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000

Portfolio Update July 2023 60 South Sixth Minneapolis, MN Exhibit 99.1 KBS.COM The information contained herein should be read in conjunction with, and is qualified by, the information in KBS Real Estate Investment Trust III’s (the “Company”, “KBS RE

kbsriiiex991 Portfolio Update July 2023 60 South Sixth Minneapolis, MN Exhibit 99.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 21, 2023 KBS REAL ESTATE INV

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 21, 2023 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorpora

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 11, 2023 KBS REAL ESTATE INV

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 11, 2023 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorpora

First Modification Agreement by and among KBSIII 500 West Madison, LLC, U.S. Bank National Association, and Lenders dated as of March 8, 2023, incorporated by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the period ended March 31, 2023, filed May 12, 2023

Exhibit 10.1 FIRST MODIFICATION AGREEMENT (Long Form) This FIRST MODIFICATION AGREEMENT (Long Form) (this "Agreement") is dated as of March 8, 2023, by and among (i) KBSIII 500 WEST MADISON, LLC, a Delaware limited liability company ("Borrower"), (ii) U.S. BANK NATIONAL ASSOCIATION, a national banking association, as agent (in such capacity, "Agent"), and (iii) each lender party hereto (individual

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 00

, LLC, U.S. Bank National Association, and Lenders dated as of February 28, 2023, incorporated by reference to Exhibit 10.2 to the Company’s Quarterly Report on Form 10-Q for the period ended March 31, 2023, filed May 12, 2023

Exhibit 10.2 SECOND MODIFICATION AGREEMENT (Long Form) This SECOND MODIFICATION AGREEMENT (Long Form) (this "Agreement") is dated as of February 28, 2023, by and among (i) KBSIII 1550 WEST MCEWEN DRIVE, LLC, KBSIII 155 NORTH 400 WEST, LLC, KBSIII 515 CONGRESS, LLC, and KBSIII 201 17TH STREET, LLC, each a Delaware limited liability company (individually or collectively as the context may require, "

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A (RULE 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A (RULE 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☒ Definitive Proxy Statement ☐ Definitive Additional Materials ☐ Soliciting Material Pursuant to § 240.

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 13, 2023 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorpor

Consent of Kroll, LLC

Exhibit 99.3 CONSENT OF INDEPENDENT VALUATION EXPERT We hereby consent: (a) to the reference to our name and description of our role in the (i) valuation process of certain of the real estate properties (the “Appraised Properties”) of KBS Real Estate Investment Trust III, Inc. (the “Company”), (ii) valuation process of the Company’s investment in units of the Prime US REIT and (iii) valuation proc

Subsidiaries of the Company

Exhibit 21.1 Subsidiaries of KBS REIT III CA Capital Management Services II, LLC KBSIII REIT Acquisition III, LLC KBS Limited Partnership III KBSIII REIT Acquisition IV, LLC KBS REIT Holdings III LLC KBSIII REIT Acquisition V, LLC KBS REIT Properties III, LLC KBSIII REIT Acquisition VII, LLC KBSIII 155 North 400 West, LLC KBSIII REIT Acquisition VIII, LLC KBSIII 1550 West McEwan Drive, LLC KBSIII

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-546

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 9, 2023 KBS REAL ESTATE INV

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 9, 2023 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorpora

If you are considering selling your shares to CMG Partners, LLC and its affiliates, please read this letter.

Exhibit 99.1 March 6, 2023 If you are considering selling your shares to CMG Partners, LLC and its affiliates, please read this letter. Dear Stockholder: You may soon receive, or have already received, materials from CMG Partners, LLC and its affiliates, CMG Income Fund II, LLC, CMG Liquidity Fund, LLC and Blue River Capital, LLC (jointly, “CMG Partners”) related to an unsolicited tender offer to

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 21, 2023 KBS REAL ESTATE

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 21, 2023 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incor

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 17, 2023 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorp

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A (RULE 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A (RULE 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ? Filed by a Party other than the Registrant ? Check the appropriate box: ? Preliminary Proxy Statement ? Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ? Definitive Proxy Statement ? Definitive Additional Materials ? Soliciting Material Pursuant to ? 240.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 6, 2022 KBS REAL ESTATE

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 6, 2022 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorp

Portfolio & NAV Update Webcast November 18, 2022 Exhibit 99.1 W W W . K B S . C O M The information contained herein should be read in conjunction with, and is qualified by, the information in KBS Real Estate Investment Trust III’s (the “Company” or

Portfolio & NAV Update Webcast November 18, 2022 Exhibit 99.1 W W W . K B S . C O M The information contained herein should be read in conjunction with, and is qualified by, the information in KBS Real Estate Investment Trust III?s (the ?Company? or ?KBS REIT III?) Annual Report on Form 10-K for the year ended December 31, 2021 (the ?Annual Report?), and in the Company?s Quarterly Report on Form 1

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 18, 2022 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incor

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file numbe

Advisory Agreement, by and between the Company and KBS Capital Advisors LLC, dated as of November 8, 2022

Exhibit 10.1 ADVISORY AGREEMENT between KBS REAL ESTATE INVESTMENT TRUST III, INC. and KBS CAPITAL ADVISORS LLC November 8, 2022 TABLE OF CONTENTS Page ARTICLE 1 ? DEFINITIONS 1 ARTICLE 2 ? APPOINTMENT 9 ARTICLE 3 ? DUTIES OF THE ADVISOR 9 3.01 Organizational and Offering Services 10 3.02 Acquisition Services 10 3.03 Asset Management Services 10 3.04 Stockholder Services 13 3.05 Other Services 13

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 28, 2022 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorp

RECOMMENDATION TO REJECT UNSOLICITED OFFER FROM COMRIT INVESTMENTS 1, LP (“Comrit”) If you are considering selling your shares to Comrit, please read this letter.

Exhibit 99.1 October 31, 2022 RECOMMENDATION TO REJECT UNSOLICITED OFFER FROM COMRIT INVESTMENTS 1, LP (“Comrit”) If you are considering selling your shares to Comrit, please read this letter. Dear Stockholder: You may soon receive, or have already received, materials from Comrit related to an unsolicited tender offer to purchase your shares of KBS Real Estate Investment Trust III, Inc. (“KBS REIT

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 19, 2022 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorp

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 28, 2022 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Inco

CONSENT OF INDEPENDENT VALUATION EXPERT

Exhibit 99.1 CONSENT OF INDEPENDENT VALUATION EXPERT We hereby consent: (a) to the reference to our name and description of our role in the (i) valuation process of certain of the real estate properties (the “Appraised Properties”) of KBS Real Estate Investment Trust III, Inc. (the “Company”), (ii) valuation process of the Company’s investment in units of Prime US REIT and (iii) valuation process

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 10, 2022 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorpo

August 15, 2022

Exhibit 99.1 August 15, 2022 Recommendation to REJECT unsolicited offer from CMG Partners, LLC and its affiliates. If you are considering selling your shares to CMG Partners, LLC and its affiliates, please read this letter. Dear Stockholder: You may soon receive, or have already received, materials from CMG Partners, LLC and its affiliates, CMG Income Fund II, LLC, CMG Liquidity Fund, LLC and Blue

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000

Via EDGAR

Via EDGAR July 29, 2022 United States Securities and Exchange Commission Division of Corporation Finance 100 F Street N.

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 25, 2022 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorpora

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 27, 2022 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorpora

Portfolio Update Webcast May 26, 2022 Exhibit 99.1 W W W . K B S . C O M The information contained herein should be read in conjunction with, and is qualified by, the information in KBS Real Estate Investment Trust III’s (the “Company” or “KBS REIT I

Portfolio Update Webcast May 26, 2022 Exhibit 99.1 W W W . K B S . C O M The information contained herein should be read in conjunction with, and is qualified by, the information in KBS Real Estate Investment Trust III?s (the ?Company? or ?KBS REIT III?) Annual Report on Form 10-K for the year ended December 31, 2021 (the ?Annual Report?), and in the Company?s Quarterly Report on Form 10-Q for the

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 26, 2022 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorporat

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 00

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 13, 2022 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorpor

AMENDED AND RESTATED SHARE REDEMPTION PROGRAM Adopted April 13, 2022

Exhibit 99.1 AMENDED AND RESTATED SHARE REDEMPTION PROGRAM Adopted April 13, 2022 The board of directors of KBS Real Estate Investment Trust III, Inc., a Maryland corporation (the ?Company?), has adopted an Amended and Restated Share Redemption Program (the ?SRP?), the terms and conditions of which are set forth below. Capitalized terms shall have the same meaning as set forth in the Company?s cha

Assignment and Assumption by and among KBSIII 60 South Sixth Street, LLC, KBSIII Preston Commons, LLC, KBSIII Sterling Plaza, LLC, KBSIII Towers at Emeryville, LLC, KBSIII Ten Almaden, LLC, KBSIII Legacy Town Center, LLC, Zions Bancorporation, N.A. (FKA ZB, N.A.) DBA California Bank & Trust and Capital One, National Association, dated as of November 3, 2021, incorporated by reference to Exhibit 10.8 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, filed March 31, 2022

Exhibit 10.8 ASSIGNMENT AND ASSUMPTION This Assignment and Assumption (this ?Assignment?) is dated as of the Effective Date set forth below and is entered into by and between ZIONS BANCORPORATION, N.A. (FKA ZB, N.A.) DBA CALIFORNIA BANK & TRUST (the ?Assignor?), and Capital One, National Association, a national banking association (the ?Assignee?). Capitalized terms used but not defined herein sha

Amended and Restated Promissory Note by and among KBSIII 60 South Sixth Street, LLC, KBSIII Preston Commons, LLC, KBSIII Sterling Plaza, LLC, KBSIII Towers at Emeryville, LLC, KBSIII Ten Almaden, LLC, KBSIII Legacy Town Center, LLC and Zions Bancorporation, N.A. (FKA ZB, N.A.) DBA California Bank & Trust, dated as of November 3, 2021, incorporated by reference to Exhibit 10.16 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, filed March 31, 2022

Exhibit 10.16 AMENDED AND RESTATED PROMISSORY NOTE $35,000,000.00 November 3, 2021 FOR VALUE RECEIVED, each of KBSIII 60 SOUTH SIXTH STREET, LLC, a Delaware limited liability company (?RBC Plaza Borrower?), KBSIII PRESTON COMMONS, LLC, a Delaware limited liability company (?Preston Commons Borrower?), KBSIII STERLING PLAZA, LLC, a Delaware limited liability company (?Sterling Plaza Borrower?), KBS

Amendment to Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing by and between KBSIII Preston Commons, LLC and Bank of America, N.A., dated as of November 3, 2021, incorporated by reference to Exhibit 10.10 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, filed March 31, 2022

Exhibit 10.10 RECORDING REQUESTED BY AND ) WHEN RECORDED MAIL TO: ) Jones Day ) 3161 Michelson Drive, Suite 800 ) Irvine, California 92612 ) Attn: Carol Su ) Space Above for Recorder?s Use NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OR ALL OF THE FOLLOWING FROM ANY INSTRUMENT THAT TRANSFERS AN INTEREST IN REAL PROPERTY BEFORE IT IS FILED FOR RECORD I

Amendment to Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing by and between KBSIII Ten Almaden, LLC and Bank of America, N.A., dated as of November 3, 2021, incorporated by reference to Exhibit 10.12 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, filed March 31, 2022

Exhibit 10.12 RECORDING REQUESTED BY COMMONWEALTH LAND TITLE INSURANCE COMPANY 30074361 RECORDING REQUESTED BY AND ) WHEN RECORDED MAIL TO: ) Jones Day ) 3161 Michelson Drive, Suite 800 ) Irvine, California 92612 ) Attn: Carol Su ) Space Above for Recorder?s Use AMENDMENT TO DEED OF TRUST, ASSIGNMENT OF LEASES AND RENTS, SECURITY AGREEMENT AND FIXTURE FILING (Ten Almaden) This Amendment to Deed of

Consent of Kroll, LLC

Exhibit 99.4 CONSENT OF INDEPENDENT VALUATION EXPERT We hereby consent: (a) to the reference to our name and description of our role in the (i) valuation process of certain of the real estate properties (the ?Appraised Properties?) of KBS Real Estate Investment Trust III, Inc. (the ?Company?), (ii) valuation process of the Company?s investment in units of Prime US REIT and (iii) valuation process

Assignment and Assumption by and among KBSIII 60 South Sixth Street, LLC, KBSIII Preston Commons, LLC, KBSIII Sterling Plaza, LLC, KBSIII Towers at Emeryville, LLC, KBSIII Ten Almaden, LLC, KBSIII Legacy Town Center, LLC, Bank of America, N.A. and Capital One, National Association, dated as of November 3, 2021, incorporated by reference to Exhibit 10.3 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, filed March 31, 2022

Exhibit 10.3 ASSIGNMENT AND ASSUMPTION This Assignment and Assumption (this ?Assignment?) is dated as of the Effective Date set forth below and is entered into by and between BANK OF AMERICA, N.A., a national banking association (the ?Assignor?), and Capital One, National Association, a national banking association (the ?Assignee?). Capitalized terms used but not defined herein shall have the mean

Second Amended and Restated Promissory Note by and among KBSIII 60 South Sixth Street, LLC, KBSIII Preston Commons, LLC, KBSIII Sterling Plaza, LLC, KBSIII Towers at Emeryville, LLC, KBSIII Ten Almaden, LLC, KBSIII Legacy Town Center, LLC and Bank of America, N.A., dated as of November 3, 2021, incorporated by reference to Exhibit 10.20 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, filed March 31, 2022

Exhibit 10.20 SECOND AMENDED AND RESTATED PROMISSORY NOTE $176,500,000.00 November 3, 2021 FOR VALUE RECEIVED, each of KBSIII 60 SOUTH SIXTH STREET, LLC, a Delaware limited liability company (?RBC Plaza Borrower?), KBSIII PRESTON COMMONS, LLC, a Delaware limited liability company (?Preston Commons Borrower?), KBSIII STERLING PLAZA, LLC, a Delaware limited liability company (?Sterling Plaza Borrowe

Amended and Restated Guaranty Agreement by and between KBS REIT Properties III, LLC and Bank of America, N.A., dated as of November 3, 2021, incorporated by reference to Exhibit 10.15 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, filed March 31, 2022

Exhibit 10.15 Amended and Restated Guaranty Agreement This Amended and Restated Guaranty Agreement (this ?Guaranty?) is made as of the 3rd day of November, 2021, by KBS REIT Properties III, LLC, a Delaware limited liability company (?Guarantor?), in favor of Bank of America, N.A., a national banking association, as administrative agent for Lenders as that term is defined below (in such capacity, ?

Amended and Restated Promissory Note by and among KBSIII 60 South Sixth Street, LLC, KBSIII Preston Commons, LLC, KBSIII Sterling Plaza, LLC, KBSIII Towers at Emeryville, LLC, KBSIII Ten Almaden, LLC, KBSIII Legacy Town Center, LLC and Capital One, National Association, dated as of November 3, 2021, incorporated by reference to Exhibit 10.17 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, filed March 31, 2022

Exhibit 10.17 AMENDED AND RESTATED PROMISSORY NOTE $100,000,000.00 November 3, 2021 FOR VALUE RECEIVED, each of KBSIII 60 SOUTH SIXTH STREET, LLC, a Delaware limited liability company (?RBC Plaza Borrower?), KBSIII PRESTON COMMONS, LLC, a Delaware limited liability company (?Preston Commons Borrower?), KBSIII STERLING PLAZA, LLC, a Delaware limited liability company (?Sterling Plaza Borrower?), KB

Assignment and Assumption by and among KBSIII 60 South Sixth Street, LLC, KBSIII Preston Commons, LLC, KBSIII Sterling Plaza, LLC, KBSIII Towers at Emeryville, LLC, KBSIII Ten Almaden, LLC, KBSIII Legacy Town Center, LLC, Wells Fargo Bank, National Association and Capital One, National Association, dated as of November 3, 2021, incorporated by reference to Exhibit 10.7 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, filed March 31, 2022

Exhibit 10.7 ASSIGNMENT AND ASSUMPTION This Assignment and Assumption (this ?Assignment?) is dated as of the Effective Date set forth below and is entered into by and between Wells Fargo Bank, National Association, a national banking association (the ?Assignor?), and Capital One, National Association, a national banking association (the ?Assignee?). Capitalized terms used but not defined herein sh

Amendment to Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing by and between KBSIII Legacy Town Center, LLC and Bank of America, N.A., dated as of November 3, 2021, incorporated by reference to Exhibit 10.9 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, filed March 31, 2022

Exhibit 10.9 RECORDING REQUESTED BY AND ) WHEN RECORDED MAIL TO: ) Jones Day ) 3161 Michelson Drive, Suite 800 ) Irvine, California 92612 ) Attn: Carol Su ) Space Above for Recorder?s Use NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OR ALL OF THE FOLLOWING FROM ANY INSTRUMENT THAT TRANSFERS AN INTEREST IN REAL PROPERTY BEFORE IT IS FILED FOR RECORD IN

Amended and Restated Promissory Note by and among KBSIII 60 South Sixth Street, LLC, KBSIII Preston Commons, LLC, KBSIII Sterling Plaza, LLC, KBSIII Towers at Emeryville, LLC, KBSIII Ten Almaden, LLC, KBSIII Legacy Town Center, LLC and PNC Bank, National Association, dated as of November 3, 2021, incorporated by reference to Exhibit 10.19 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, filed March 31, 2022

Exhibit 10.19 AMENDED AND RESTATED PROMISSORY NOTE $75,000,000.00 November 3, 2021 FOR VALUE RECEIVED, each of KBSIII 60 SOUTH SIXTH STREET, LLC, a Delaware limited liability company (?RBC Plaza Borrower?), KBSIII PRESTON COMMONS, LLC, a Delaware limited liability company (?Preston Commons Borrower?), KBSIII STERLING PLAZA, LLC, a Delaware limited liability company (?Sterling Plaza Borrower?), KBS

Assignment and Assumption by and among KBSIII 60 Sixth Street, LLC, KBSIII Preston Commons, LLC, KBSIII Sterling Plaza, LLC, KBSIII Towers at Emeryville, LLC, KBSIII Ten Almaden, LLC, KBSIII Legacy Town Center, LLC, Bank of America, N.A. and PNC Bank, National Association, dated as of November 3, 2021

Exhibit 10.4 ASSIGNMENT AND ASSUMPTION This Assignment and Assumption (this ?Assignment?) is dated as of the Effective Date set forth below and is entered into by and between BANK OF AMERICA, N.A., a national banking association (the ?Assignor?), and PNC BANK, NATIONAL ASSOCIATION, a national banking association (the ?Assignee?). Capitalized terms used but not defined herein shall have the meaning

Assignment and Assumption by and among KBSIII 60 South Sixth Street, LLC, KBSIII Preston Commons, LLC, KBSIII Sterling Plaza, LLC, KBSIII Towers at Emeryville, LLC, KBSIII Ten Almaden, LLC, KBSIII Legacy Town Center, LLC, Regions Bank and Capital One, National Association, dated as of November 3, 2021, incorporated by reference to Exhibit 10.6 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, filed March 31, 2022

Exhibit 10.6 ASSIGNMENT AND ASSUMPTION This Assignment and Assumption (this ?Assignment?) is dated as of the Effective Date set forth below and is entered into by and between Regions Bank, an Alabama banking corporation (the ?Assignor?), and Capital One, National Association, a national banking association (the ?Assignee?). Capitalized terms used but not defined herein shall have the meanings give

Amendment to Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing by and between KBSIII Sterling Plaza, LLC and Bank of America, N.A., dated as of November 3, 2021, incorporated by reference to Exhibit 10.11 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, filed March 31, 2022

Exhibit 10.11 RECORDING REQUESTED BY AND ) WHEN RECORDED MAIL TO: ) Jones Day ) 3161 Michelson Drive, Suite 800 ) Irvine, California 92612 ) Attn: Carol Su ) Space Above for Recorder?s Use NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OR ALL OF THE FOLLOWING FROM ANY INSTRUMENT THAT TRANSFERS AN INTEREST IN REAL PROPERTY BEFORE IT IS FILED FOR RECORD I

Amendment to Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing by and between KBSIII 60 South Sixth Street, LLC and Bank of America, N.A., dated as of November 3, 2021, incorporated by reference to Exhibit 10.14 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, filed March 31, 2022

Exhibit 10.14 RECORDING REQUESTED BY AND ) WHEN RECORDED MAIL TO: ) Jones Day ) 3161 Michelson Drive, Suite 800 ) Irvine, California 92612 ) Attn: Carol Su ) Space Above for Recorder?s Use AMENDMENT TO MORTGAGE, ASSIGNMENT OF LEASES AND RENTS, SECURITY AGREEMENT AND FIXTURE FILING (RBC Plaza) THIS IS A MORTGAGE AMENDMENT, AS DEFINED IN MINNESOTA STATUTES, SECTION 287.01, SUBDIVISION 2, AND AS SUCH

Amended and Restated Promissory Note by and among KBSIII 60 South Sixth Street, LLC, KBSIII Preston Commons, LLC, KBSIII Sterling Plaza, LLC, KBSIII Towers at Emeryville, LLC, KBSIII Ten Almaden, LLC, KBSIII Legacy Town Center, LLC and Regions Bank, dated as of November 3, 2021, incorporated by reference to Exhibit 10.18 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, filed March 31, 2022

Exhibit 10.18 AMENDED AND RESTATED PROMISSORY NOTE $30,300,000.00 November 3, 2021 FOR VALUE RECEIVED, each of KBSIII 60 SOUTH SIXTH STREET, LLC, a Delaware limited liability company (?RBC Plaza Borrower?), KBSIII PRESTON COMMONS, LLC, a Delaware limited liability company (?Preston Commons Borrower?), KBSIII STERLING PLAZA, LLC, a Delaware limited liability company (?Sterling Plaza Borrower?), KBS

Second Amended and Restated Promissory Note by and among KBSIII 60 South Sixth Street, LLC, KBSIII Preston Commons, LLC, KBSIII Sterling Plaza, LLC, KBSIII Towers at Emeryville, LLC, KBSIII Ten Almaden, LLC, KBSIII Legacy Town Center, LLC and Wells Fargo Bank, National Association, dated as of November 3, 2021, incorporated by reference to Exhibit 10.22 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, filed March 31, 2022

Exhibit 10.22 SECOND AMENDED AND RESTATED PROMISSORY NOTE $121,400,000.00 November 3, 2021 FOR VALUE RECEIVED, each of KBSIII 60 SOUTH SIXTH STREET, LLC, a Delaware limited liability company (?RBC Plaza Borrower?), KBSIII PRESTON COMMONS, LLC, a Delaware limited liability company (?Preston Commons Borrower?), KBSIII STERLING PLAZA, LLC, a Delaware limited liability company (?Sterling Plaza Borrowe

Subsidiaries of the Company

Exhibit 21.1 Subsidiaries of KBS REIT III CA Capital Management Services II, LLC KBSIII REIT Acquisition I, LLC KBS Limited Partnership III KBSIII REIT Acquisition III, LLC KBS REIT Holdings III LLC KBSIII REIT Acquisition IV, LLC KBS REIT Properties III, LLC KBSIII REIT Acquisition V, LLC KBSIII 155 North 400 West, LLC KBSIII REIT Acquisition VII, LLC KBSIII 1550 West McEwan Drive, LLC KBSIII REI

Second Amended and Restated Promissory Note by and among KBSIII 60 South Sixth Street, LLC, KBSIII Preston Commons, LLC, KBSIII Sterling Plaza, LLC, KBSIII Towers at Emeryville, LLC, KBSIII Ten Almaden, LLC, KBSIII Legacy Town Center, LLC and U.S. Bank, National Association, dated as of November 3, 2021, incorporated by reference to Exhibit 10.21 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, filed March 31, 2022

Exhibit 10.21 SECOND AMENDED AND RESTATED PROMISSORY NOTE $75,000,000.00 November 3, 2021 FOR VALUE RECEIVED, each of KBSIII 60 SOUTH SIXTH STREET, LLC, a Delaware limited liability company (?RBC Plaza Borrower?), KBSIII PRESTON COMMONS, LLC, a Delaware limited liability company (?Preston Commons Borrower?), KBSIII STERLING PLAZA, LLC, a Delaware limited liability company (?Sterling Plaza Borrower

Assignment and Assumption by and among KBSIII 60 South Sixth Street, LLC, KBSIII Preston Commons, LLC, KBSIII Sterling Plaza, LLC, KBSIII Towers at Emeryville, LLC, KBSIII Ten Almaden, LLC, KBSIII Legacy Town Center, LLC, Bank of America, N.A. and U.S. Bank, National Association, dated as of November 3, 2021, incorporated by reference to Exhibit 10.5 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, filed March 31, 2022

Exhibit 10.5 ASSIGNMENT AND ASSUMPTION This Assignment and Assumption (this ?Assignment?) is dated as of the Effective Date set forth below and is entered into by and between BANK OF AMERICA, N.A., a national banking association (the ?Assignor?), and U.S. BANK, NATIONAL ASSOCIATION, a national banking association (the ?Assignee?). Capitalized terms used but not defined herein shall have the meanin

Amendment to Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing by and between KBSIII Towers at Emeryville, LLC and Bank of America, N.A., dated as of November 3, 2021, incorporated by reference to Exhibit 10.13 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, filed March 31, 2022

Exhibit 10.13 RECORDING REQUESTED BY COMMONWEALTH LAND TITLE INSURANCE COMPANY 30074352 RECORDING REQUESTED BY AND ) WHEN RECORDED MAIL TO: ) Jones Day ) 3161 Michelson Drive, Suite 800 ) Irvine, California 92612 ) Attn: Carol Su ) Space Above for Recorder?s Use AMENDMENT TO DEED OF TRUST, ASSIGNMENT OF LEASES AND RENTS, SECURITY AGREEMENT AND FIXTURE FILING (Towers at Emeryville) This Amendment t

Amended and Restated Loan Agreement by and among KBSIII 60 South Sixth Street, LLC, KBSIII Preston Commons, LLC, KBSIII Sterling Plaza, LLC, KBSIII Towers at Emeryville, LLC, KBSIII Ten Almaden, LLC, KBSIII Legacy Town Center, LLC and Bank of America, N.A., dated as of November 3, 2021, incorporated by reference to Exhibit 10.2 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, filed March 31, 2022

Exhibit 10.2 AMENDED AND RESTATED LOAN AGREEMENT by and among KBSIII 60 SOUTH SIXTH STREET, LLC, KBSIII PRESTON COMMONS, LLC, KBSIII STERLING PLAZA, LLC, KBSIII TOWERS AT EMERYVILLE, LLC, KBSIII TEN ALMADEN, LLC, and KBSIII LEGACY TOWN CENTER, LLC, each a Delaware limited liability company, collectively, as Borrower and BANK OF AMERICA, N.A., a national banking association, as Administrative Agent

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ? ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-546

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 17, 2022 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorpor

AMENDED AND RESTATED SHARE REDEMPTION PROGRAM Adopted March 17, 2022

Exhibit 99.1 AMENDED AND RESTATED SHARE REDEMPTION PROGRAM Adopted March 17, 2022 The board of directors of KBS Real Estate Investment Trust III, Inc., a Maryland corporation (the “Company”), has adopted an Amended and Restated Share Redemption Program (the “SRP”), the terms and conditions of which are set forth below. Capitalized terms shall have the same meaning as set forth in the Company’s cha

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 7, 2022 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorpora

RECOMMENDATION TO REJECT UNSOLICITED OFFER FROM COMRIT INVESTMENTS, 1 LP (“Comrit”) If you are considering selling your shares to Comrit, please read all the information in this letter.

EX-99.1 2 kbsriii8k-ex991.htm RESPONSE TO MINI-TENDER OFFER Exhibit 99.1 March 7, 2022 RECOMMENDATION TO REJECT UNSOLICITED OFFER FROM COMRIT INVESTMENTS, 1 LP (“Comrit”) If you are considering selling your shares to Comrit, please read all the information in this letter. Dear Stockholder: You may soon receive, or have already received, materials from Comrit related to an unsolicited tender offer

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 27, 2022 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incor

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 18, 2022 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorp

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 10, 2021 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incor

Portfolio & NAV Update Webcast December 10, 2021 Exhibit 99.1 W W W . K B S . C O M The information contained herein should be read in conjunction with, and is qualified by, the information in KBS Real Estate Investment Trust III’s (the “Company” or

EX-99.1 2 kbsriiiex991.htm DECEMBER 10, 2021 PRESENTATION Portfolio & NAV Update Webcast December 10, 2021 Exhibit 99.1 W W W . K B S . C O M The information contained herein should be read in conjunction with, and is qualified by, the information in KBS Real Estate Investment Trust III’s (the “Company” or “KBS REIT III”) Annual Report on Form 10-K for the year ended December 31, 2020 (the “Annual

RECOMMENDATION TO REJECT UNSOLICITED OFFER

Exhibit 99.1 November 5, 2021 RECOMMENDATION TO REJECT UNSOLICITED OFFER If you are considering selling your shares to Comrit Investments, 1 LP (?Comrit?), please read all the information in this letter. Dear Stockholder: You may soon receive, or have already received, materials from Comrit related to an unsolicited tender offer to purchase your shares of KBS Real Estate Investment Trust III, Inc.

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 5, 2021 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorp

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 1, 2021 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorp

CONSENT OF INDEPENDENT VALUATION EXPERT

EX-99.1 2 kbsriii8k-ex991.htm CONSENT OF DUFF & PHELPS Exhibit 99.1 CONSENT OF INDEPENDENT VALUATION EXPERT We hereby consent: (a) to the reference to our name and description of our role in the (i) valuation process of certain of the real estate properties (the “Appraised Properties”) of KBS Real Estate Investment Trust III, Inc. (the “Company”), (ii) valuation process of the Company’s investment

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file numbe

Form of Advisory Agreement among the Company, KBS Limited Partnership III and KBS Capital Advisors LLC**

Exhibit 10.45 ADVISORY AGREEMENT among KBS REAL ESTATE INVESTMENT TRUST III, INC., KBS LIMITED PARTNERSHIP III and KBS CAPITAL ADVISORS LLC [ ], 2022 TABLE OF CONTENTS Page ARTICLE 1 - DEFINITIONS 1 ARTICLE 2 - APPOINTMENT 6 ARTICLE 3 - DUTIES OF THE ADVISOR 6 3.01 Organizational and Offering Services 6 3.02 Acquisition Services 6 3.03 Asset Management Services 7 3.04 Stockholder Services 10 3.05

Consent of Duff & Phelps, LLC**

Exhibit 99.3 CONSENT OF INDEPENDENT VALUATION EXPERT We hereby consent to the incorporation by reference in Amendment No. 2 to the Registration Statement on Form S-11 (File No. 333-235870) and related prospectus, as amended and supplemented, of KBS Real Estate Investment Trust III, Inc. (the “Company”) of the following information included in the Company’s Current Report on Form 8-K, filed with th

Form of Share Redemption Program**

Exhibit 99.2 KBS REAL ESTATE INVESTMENT TRUST III, INC. Class T, S, D and I Share Redemption Program Effective as of [ ] Definitions Advisor – shall mean KBS Capital Advisors LLC. Class D shares – shall mean the shares of the Company’s common stock classified as Class D. Class I shares – shall mean the shares of the Company’s common stock classified as Class I. Class S shares – shall mean the shar

Statement regarding restrictions on transferability of shares of common stock (to appear on stock certificate or to be sent upon request and without charge to stockholders issued shares without certificates)**

Exhibit 4.1 STATEMENT REGARDING RESTRICTIONS ON TRANSFERABILITY OF SHARES OF COMMON STOCK (To Appear on Stock Certificate or to Be Sent upon Request and without Charge to Stockholders Issued Shares without Certificates) The shares represented by this certificate are subject to restrictions on Beneficial Ownership, Constructive Ownership and Transfer for the purpose of the Corporation?s maintenance

As filed with the Securities and Exchange Commission on October 29, 2021

Table of Contents As filed with the Securities and Exchange Commission on October 29, 2021 Registration No.

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 11, 2021 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorp

ADVISORY AGREEMENT KBS REAL ESTATE INVESTMENT TRUST III, INC. KBS CAPITAL ADVISORS LLC September 27, 2021 TABLE OF CONTENTS Page ARTICLE 1 – DEFINITIONS 1 ARTICLE 2 – APPOINTMENT 9 ARTICLE 3 – DUTIES OF THE ADVISOR 9 3.01 Organizational and Offering

EX-99.1 2 kbsriii8kexhibit991.htm ADVISORY AGREEMENT Exhibit 99.1 ADVISORY AGREEMENT between KBS REAL ESTATE INVESTMENT TRUST III, INC. and KBS CAPITAL ADVISORS LLC September 27, 2021 TABLE OF CONTENTS Page ARTICLE 1 – DEFINITIONS 1 ARTICLE 2 – APPOINTMENT 9 ARTICLE 3 – DUTIES OF THE ADVISOR 9 3.01 Organizational and Offering Services 9 3.02 Acquisition Services 9 3.03 Asset Management Services 10

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 27, 2021 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Inco

Portfolio Update Webcast August 26, 2021 W W W . K B S . C O M The information contained herein should be read in conjunction with, and is qualified by, the information in KBS Real Estate Investment Trust III’s (the “Company” or “KBS REIT III”) Annua

Portfolio Update Webcast August 26, 2021 W W W . K B S . C O M The information contained herein should be read in conjunction with, and is qualified by, the information in KBS Real Estate Investment Trust III?s (the ?Company? or ?KBS REIT III?) Annual Report on Form 10-K for the year ended December 31, 2020 (the ?Annual Report?), and in the Company?s Quarterly Report on Form 10-Q for the period en

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 26, 2021 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorpo

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000

AMENDED AND RESTATED SHARE REDEMPTION PROGRAM Adopted July 14, 2021

Exhibit 99.1 AMENDED AND RESTATED SHARE REDEMPTION PROGRAM Adopted July 14, 2021 The board of directors of KBS Real Estate Investment Trust III, Inc., a Maryland corporation (the ?Company?), has adopted an Amended and Restated Share Redemption Program (the ?SRP?), the terms and conditions of which are set forth below. Capitalized terms shall have the same meaning as set forth in the Company?s char

Current Report

8-K 1 kbsriii-distributionamende.htm FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 14, 2021 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-162

As filed with the Securities and Exchange Commission on July 12, 2021 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE TO (Amendment No. 2) TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1) OF THE SECURITIES EX

SC TO-I/A 1 kbsriiiscto-iaxamendno2fin.htm AMENDMENT NO. 2 As filed with the Securities and Exchange Commission on July 12, 2021 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE TO (Amendment No. 2) TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1) OF THE SECURITIES EXCHANGE ACT OF 1934 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Name of Subject Company (Iss

As filed with the Securities and Exchange Commission on July 8, 2021 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE TO (Amendment No. 1) TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1) OF THE SECURITIES EXC

As filed with the Securities and Exchange Commission on July 8, 2021 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.

Current Report

8-K 1 kbsriii-shproxyvotesjune20.htm FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 29, 2021 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-162

Current Report

8-K 1 kbsriii8k-distjune2021.htm FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 9, 2021 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696

Supplement to the Definitive Proxy Statement on Schedule 14A filed with the SEC on June 10, 2021.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A (RULE 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☐ Definitive Proxy Statement ☒ Definitive Additional Materials ☐ Soliciting Material Pursuant to § 240.

Letter Provided to Stockholders Requesting Special Redemption under Share Redemption Program, incorporated by reference to Exhibit (a)(viii) to the Company’s Schedule TO, filed June 4, 2021

Exhibit (a)(viii) June 4, 2021 STOCKHOLDER STREET ADDRESS CITY, STATE, ZIP CODE Dear Stockholder: Thank you for your investment in KBS Real Estate Investment Trust III (the ?REIT?).

Form of Letter of Transmittal (including Instructions to Letter of Transmittal and Odd Lot Certification Form), incorporated by reference to Exhibit (a)(ii) to the Company’s Schedule TO, filed June 4, 2021

EX-99.(A)(II) 3 d162490dex99aii.htm EX-99.(A)(II) Exhibit (a)(ii) LETTER OF TRANSMITTAL To Tender Shares of Common Stock of KBS REAL ESTATE INVESTMENT TRUST III, INC. Pursuant to the Offer to Purchase up to 33,849,130 Shares of Common Stock, or Approximately $350 Million of Shares, at a Purchase Price of $10.34 per Share Dated June 4, 2021 THE OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT MIDNIGHT EA

Text of E-mail Communication to Stockholders, Custodians, Broker Dealers and Financial Representatives, incorporated by reference to Exhibit (a)(v) to the Company’s Schedule TO, filed June 4, 2021

EX-99.(A)(V) 6 d162490dex99av.htm EX-99.(A)(V) Exhibit (a)(v) KBS Real Estate Investment Trust III, Inc., under certain terms and conditions is offering to purchase from its stockholders shares of its common stock. For details of this offering, which documents have been filed with the U.S. Securities and Exchange Commission, please click on KBS OFFER TO PURCHASE or call the information agent for t

As filed with the Securities and Exchange Commission on June 4, 2021 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE TO TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1) OF THE SECURITIES EXCHANGE ACT OF 1934

As filed with the Securities and Exchange Commission on June 4, 2021 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.

Letter Provided to Stockholders Requesting Ordinary Redemption under Share Redemption Program, incorporated by reference to Exhibit (a)(vii) to the Company’s Schedule TO, filed June 4, 2021

EX-99.(A)(VII) 7 d162490dex99avii.htm EX-99.(A)(VII) Exhibit (a)(vii) June 4, 2021 STOCKHOLDER STREET ADDRESS CITY, STATE, ZIP CODE Dear Stockholder: Thank you for your investment in KBS Real Estate Investment Trust III (the “REIT”). We have received your Ordinary Redemption request for your KBS account (00123456789). The share redemption program is currently suspended for all redemptions under th

Offer to Purchase, dated June 4, 2021, incorporated by reference to Exhibit (a)(i) to the Company’s Schedule TO, filed June 4, 2021

EX-99.(A)(I) 2 d162490dex99ai.htm EX-99.(A)(I) Exhibit (a)(i) KBS REAL ESTATE INVESTMENT TRUST III, INC. OFFER TO PURCHASE UP TO 33,849,130 SHARES OF ITS OUTSTANDING COMMON STOCK, OR APPROXIMATELY $350 MILLION OF SHARES, AT A PURCHASE PRICE OF $10.34 PER SHARE THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT MIDNIGHT EASTERN TIME, JULY 1, 2021, UNLESS EXTENDED OR WITHDRAWN Dear Sto

Summary Advertisement, dated June 4, 2021, incorporated by reference to Exhibit (a)(iii) to the Company’s Schedule TO, filed June 4, 2021

Exhibit (a)(iii) This announcement is neither an offer to purchase nor a solicitation of an offer to sell shares.

Buckslip Provided to Stockholders in Account Statements, incorporated by reference to Exhibit (a)(iv) to the Company’s Schedule TO, filed June 4, 2021

EX-99.(A)(IV) 5 d162490dex99aiv.htm EX-99.(A)(IV) Exhibit (a)(iv) KBS Real Estate Investment Trust III, Inc. Offer to Purchase KBS Real Estate Investment Trust III, Inc., under certain terms and conditions is offering to purchase from its stockholders shares of its common stock. For details of this offering, which documents have been filed with the U.S. Securities and Exchange Commission (“SEC”),

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 3, 2021 KBS REAL ESTATE INVE

SC TO-C 1 kbsriiiscto-cxsuspensionof.htm FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 3, 2021 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-

Current Report

8-K 1 kbsriiiscto-cxsuspensionof.htm FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 3, 2021 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 00

CONSENT OF INDEPENDENT VALUATION EXPERT

EX-99.1 2 kbsriii8k-ex991.htm CONSENT OF DUFF & PHELPS Exhibit 99.1 CONSENT OF INDEPENDENT VALUATION EXPERT We hereby consent: (a) to the reference to our name and description of our role in the (i) valuation process of certain of the real estate properties (the “Appraised Properties”) of KBS Real Estate Investment Trust III, Inc. (the “Company”), (ii) valuation process of the Company’s investment

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 13, 2021 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorporat

Definitive Proxy Statement on Schedule 14A filed with the SEC on April 9, 2021; and

DEF 14A 1 kbsriiidef14a-definitivepr.htm FORM DEF 14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A (RULE 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Pr

Portfolio Update Webcast March 30, 2021 Exhibit 99.1 W W W . K B S . C O M The information contained herein should be read in conjunction with, and is qualified by, the information in KBS Real Estate Investment Trust III’s (the “Company” or “KBS REIT

EX-99.1 2 kbsriiiex991.htm MARCH 30, 2021 PRESENTATION Portfolio Update Webcast March 30, 2021 Exhibit 99.1 W W W . K B S . C O M The information contained herein should be read in conjunction with, and is qualified by, the information in KBS Real Estate Investment Trust III’s (the “Company” or “KBS REIT III”) Annual Report on Form 10-K for the year ended December 31, 2020 (the “Annual Report”), i

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 30, 2021 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorpor

Current Report

8-K 1 kbsriii8k-annualmeeting2021.htm FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 16, 2021 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1

Consent of Duff & Phelps, LLC

Exhibit 99.2 CONSENT OF INDEPENDENT VALUATION EXPERT We hereby consent: (a) to the reference to our name and description of our role in the (i) valuation process of certain of the real estate properties (the “Appraised Properties”) of KBS Real Estate Investment Trust III, Inc. (the “Company”), (ii) valuation process of the Company’s investment in units of Prime US REIT and (iii) valuation process

Amended and Restated Promissory Note by and between KBSIII 500 West Madison, LLC and U.S. Bank National Association, dated March 1, 2021, incorporated by reference to Exhibit 10.43 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, filed March 12, 2021

Exhibit 10.43 AMENDED AND RESTATED PROMISSORY NOTE $115,000,000.00 Newport Beach, California March 1, 2021 FOR VALUE RECEIVED, KBSIII 500 WEST MADISON, LLC, a Delaware limited liability company, as maker, having its principal place of business at 800 Newport Center Drive, Suite 700, Newport Beach, California 92660 ("Borrower"), hereby unconditionally promises to pay to the order of U.S. BANK NATIO

Subsidiaries of the Company

EX-21.1 5 kbsriiiq42020exhibit211.htm SUBSIDIARIES LIST Exhibit 21.1 Subsidiaries of KBS REIT III CA Capital Management Services II, LLC KBSIII REIT Acquisition I, LLC Hardware East Village, LLC KBSIII REIT Acquisition III, LLC Hardware Village Community, LLC KBSIII REIT Acquisition IV, LLC Hardware West Village, LLC KBSIII REIT Acquisition V, LLC KBS Debt Holdings III, LLC KBSIII REIT Acquisition

Annual Report - FORM 10-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-546

Promissory Note by and between KBSIII 500 West Madison, LLC and National Bank of Kuwait S.A.K.P. dated March 1, 2021, incorporated by reference to Exhibit 10.44 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, filed March 12, 2021

EX-10.44 4 kbsriiiq42020exhibit1044.htm PROMISSORY NOTE (NATIONAL BANK OF KUWAIT S.A.K.P.) Exhibit 10.44 PROMISSORY NOTE $50,000,000.00 Newport Beach, California March 1, 2021 FOR VALUE RECEIVED, KBSIII 500 WEST MADISON, LLC, a Delaware limited liability company, as maker, having its principal place of business at 800 Newport Center Drive, Suite 700, Newport Beach, California 92660 ("Borrower"), h

Description of the Registrant’s Securities Registered Pursuant to Section 12 of the Securities Exchange Act of 1934, incorporated by reference to Exhibit 4.3 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, filed March 12, 2021

Exhibit 4.3 DESCRIPTION OF THE REGISTRANT?S SECURITIES REGISTERED PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934 As of December 31, 2020, KBS Real Estate Investment Trust III, Inc.?s common stock, $0.01 par value per share, was registered under Section 12 of the Securities Exchange Act of 1934, as amended (the ?Exchange Act?). References in the following discussion to the ?Company,?

January 28, 2021

EX-99.1 2 kbsriii8k-exhibit991.htm RESPONSE TO MINI-TENDER OFFER Exhibit 99.1 January 28, 2021 Re: Tender offer by a third party for KBS Real Estate Investment Trust III, Inc. shares Dear KBS REIT III Stockholder: You may soon receive, or have already received, correspondence from Comrit Investments 1, Limited Partnership (the “Bidder”) regarding a tender offer to purchase your shares of KBS Real

Current Report

8-K 1 kbsriii-comritminitenderof.htm FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 23, 2021 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 19, 2021 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorp

January 5, 2021

Exhibit 99.1 January 5, 2021 Re: Tender offer by a third party for KBS Real Estate Investment Trust III, Inc. shares Dear KBS REIT III Stockholder: You may soon receive, or have already received, correspondence from CMG Income Fund II, LLC, CMG Liquidity Fund, LLC, CMG Partners, LLC and Blue River Capital LLC (collectively, the “Bidder”) related to a tender offer to purchase your shares of KBS Rea

Current Report

8-K 1 kbsriii-cmgpartnersminiten.htm FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 5, 2021 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1

Form of Share Redemption Program**

EX-99.2 Exhibit 99.2 FORM OF KBS REAL ESTATE INVESTMENT TRUST III, INC. Class T, S, D and I Share Redemption Program Effective as of [ ] Definitions Class D shares – shall mean the shares of the Company’s common stock classified as Class D. Class I shares – shall mean the shares of the Company’s common stock classified as Class I. Class S shares – shall mean the shares of the Company’s common stoc

Form of Multiple Class Plan**

EX-4.4 Exhibit 4.4 FORM OF KBS REAL ESTATE INVESTMENT TRUST III, INC. MULTIPLE CLASS PLAN This MULTIPLE CLASS PLAN (the “Plan”) is adopted by the Board of Directors (the “Board”) of KBS Real Estate Investment Trust III, Inc., a Maryland corporation (the “Company”) pursuant to its charter, as amended and supplemented from time to time (the “Charter”), to set forth the method by which distributions

Form of Advisory Agreement among the Company, KBS Limited Partnership III and KBS Capital Advisors LLC**

EX-10.43 Exhibit 10.43 FORM OF ADVISORY AGREEMENT among KBS REAL ESTATE INVESTMENT TRUST III, INC., KBS LIMITED PARTNERSHIP III and KBS CAPITAL ADVISORS LLC [ ], 2021 TABLE OF CONTENTS Page ARTICLE 1 - DEFINITIONS 1 ARTICLE 2 - APPOINTMENT 6 ARTICLE 3 - DUTIES OF THE ADVISOR 6 3.01 Organizational and Offering Services 6 3.02 Acquisition Services 6 3.03 Asset Management Services 7 3.04 Stockholder

Form of Dealer Manager Agreement, including Form of Selected Dealer Agreement**

EX-1.1 Exhibit 1.1 FORM OF DEALER MANAGER AGREEMENT [ , 2021] KBS Capital Markets Group LLC 800 Newport Center Drive, Suite 700 Newport Beach, CA 92660 This Dealer Manager Agreement (this “Agreement”) is entered into by and between KBS Real Estate Investment Trust III, Inc., a Maryland corporation (the “Company”) and KBS Capital Markets Group LLC (the “Dealer Manager”). The Company has filed one o

Form of Articles Supplementary (designate Class S, T and D shares)**

Exhibit 3.4 FORM OF KBS REAL ESTATE INVESTMENT TRUST III, INC. ARTICLES SUPPLEMENTARY KBS Real Estate Investment Trust III, Inc., a Maryland corporation (the “Corporation”), hereby certifies to the State Department of Assessments and Taxation of Maryland that: FIRST: Under a power contained in Article V of the charter of the Corporation (the “Charter”), the board of directors of the Corporation (t

Consent of Duff & Phelps, LLC**

Exhibit 99.3 CONSENT OF INDEPENDENT VALUATION EXPERT We hereby consent to the incorporation by reference in Amendment No. 1 to the Registration Statement on Form S-11 (File No. 333-235870) and related prospectus, as amended and supplemented, of KBS Real Estate Investment Trust III, Inc. (the “Company”) of the following information included in the Company’s Current Report on Form 8-K, filed with th

- S-11/A

S-11/A Table of Contents As filed with the Securities and Exchange Commission on December 22, 2020 Registration No.

Form of Amended and Restated Limited Partnership Agreement of KBS Limited Partnership III**

EX-10.44 Table of Contents Exhibit 10.44 FORM OF AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT OF KBS LIMITED PARTNERSHIP III A DELAWARE LIMITED PARTNERSHIP [ ], 2021 Table of Contents TABLE OF CONTENTS Page Article 1 DEFINED TERMS 1 1.1. Definitions 1 1.2. Interpretation 8 Article 2 PARTNERSHIP FORMATION AND IDENTIFICATION 8 2.1. Formation 8 2.2. Name, Office and Registered Agent 8 2.3. Part

Form of Articles of Amendment (increase authorized shares and designate Class I shares)**

EX-3.3 Exhibit 3.3 FORM OF KBS REAL ESTATE INVESTMENT TRUST III, INC. ARTICLES OF AMENDMENT KBS Real Estate Investment Trust III, Inc., a Maryland corporation (the “Corporation”), hereby certifies to the State Department of Assessments and Taxation of Maryland that: FIRST: Section 5.1 of the charter (the “Charter”) of the Corporation is hereby amended and replaced in its entirety as follows: Secti

- FORM 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 11, 2020 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incor

CONSENT OF INDEPENDENT VALUATION EXPERT

Exhibit 99.1 CONSENT OF INDEPENDENT VALUATION EXPERT We hereby consent: (a) to the reference to our name and description of our role in the (i) valuation process of certain of the real estate properties (the “Appraised Properties”) of KBS Real Estate Investment Trust III, Inc. (the “Company”), (ii) valuation process of the Company’s investment in units of Prime US REIT and (iii) valuation process

Portfolio & NAV Update December 15, 2020 Exhibit 99.2 W W W . K B S . C O M The information contained herein should be read in conjunction with, and is qualified by, the information in KBS Real Estate Investment Trust III’s (the “Company” or “KBS REI

EX-99.2 3 kbsriii8kexhibit992.htm PRESENTATION TO STOCKHOLDERS Portfolio & NAV Update December 15, 2020 Exhibit 99.2 W W W . K B S . C O M The information contained herein should be read in conjunction with, and is qualified by, the information in KBS Real Estate Investment Trust III’s (the “Company” or “KBS REIT III”) Annual Report on Form 10-K for the year ended December 31, 2019 (the “Annual Re

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 7, 2020 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorp

Loan Extension and Modification Agreement, by and among KBSIII 60 South Sixth Street, LLC, KBSIII Preston Commons, LLC, KBSIII Sterling Plaza, LLC, KBSIII Towers at Emeryville, LLC, KBSIII Ten Almaden, LLC, KBSIII Legacy Town Center, LLC, KBS REIT Properties III, LLC and Bank of America, N.A., dated November 3, 2020, incorporated by reference to Exhibit 10.2 to the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2020, filed November 16, 2020

Exhibit 10.2 LOAN EXTENSION AND MODIFICATION AGREEMENT THIS LOAN EXTENSION AND MODIFICATION AGREEMENT (this “Agreement”) is made effective as of November 3, 2020 (the “Effective Date”), by and among KBSIII 60 SOUTH SIXTH STREET, LLC, a Delaware limited liability company (“RBC Plaza Borrower”), KBSIII PRESTON COMMONS, LLC, a Delaware limited liability company (“Preston Commons Borrower”), KBSIII ST

Payment Guaranty Agreement, by and among KBS REIT Properties III, LLC and U.S. Bank National Association, dated November 2, 2020, incorporated by reference to Exhibit 10.9 to the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2020, filed November 16, 2020

EX-10.9 10 kbsriiiq32020exhibit109.htm PAYMENT GUARANTY AGREEMENT Exhibit 10.9 PAYMENT GUARANTY AGREEMENT THIS PAYMENT GUARANTY AGREEMENT (this “Guaranty”) is made as of the 2nd day of November, 2020, by KBS REIT PROPERTIES III, LLC, a Delaware limited liability company (“Guarantor”), to and for the benefit of U.S. BANK NATIONAL ASSOCIATION, a national banking association, as administrative agent

Promissory Note, by and between KBSIII 500 West Madison, LLC and Bank of America, N.A., dated November 2, 2020, incorporated by reference to Exhibit 10.7 to the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2020, filed November 16, 2020

Exhibit 10.7 PROMISSORY NOTE $125,000,000.00 Newport Beach, California November 2, 2020 FOR VALUE RECEIVED, KBSIII 500 WEST MADISON, LLC, a Delaware limited liability company, as maker, having its principal place of business at 800 Newport Center Drive, Suite 700, Newport Beach, California 92660 (“Borrower”), hereby unconditionally promises to pay to the order of BANK OF AMERICA, N.A. (“Lender”),

Consent and Subordination of Management Agreements, by and among Transwestern Commercial Services Illinois, LLC, KBSIII 500 West Madison, LLC and U.S. Bank National Association, dated November 2, 2020, incorporated by reference to Exhibit 10.12 to the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2020, filed November 16, 2020

Exhibit 10.12 CONSENT AND SUBORDINATION OF MANAGEMENT AGREEMENTS THIS CONSENT AND SUBORDINATION OF MANAGEMENT AGREEMENTS (this "Agreement"), dated as of November 2, 2020, is made by TRANSWESTERN COMMERCIAL SERVICES ILLINOIS, L.L.C., d/b/a Transwestern, a Delaware limited liability company ("Manager"), and KBSIII 500 WEST MADISON, LLC, a Delaware limited liability company ("Owner"), in favor of U.S

Recourse Carve-Out Guaranty Agreement, by and among KBS REIT Properties III, LLC and U.S. Bank National Association, dated November 2, 2020, incorporated by reference to Exhibit 10.10 to the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2020, filed November 16, 2020

Exhibit 10.10 RECOURSE CARVE-OUT GUARANTY AGREEMENT THIS RECOURSE CARVE-OUT GUARANTY AGREEMENT (this “Guaranty”) is made as of the 2nd day of November, 2020, by KBS REIT PROPERTIES III, LLC, a Delaware limited liability company (“Guarantor”), to and for the benefit of U.S. BANK NATIONAL ASSOCIATION, a national banking association, as administrative agent (“Administrative Agent”), for itself as a “

Environmental Indemnification Agreement, by and among KBSIII 500 West Madison, LLC and U.S. Bank National Association, dated November 2, 2020, incorporated by reference to Exhibit 10.11 to the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2020, filed November 16, 2020

EX-10.11 12 kbsriiiq32020exhibit1011.htm ENVIRONMENTAL INDEMNIFICATION AGREEMENT Exhibit 10.11 ENVIRONMENTAL INDEMNIFICATION AGREEMENT THIS ENVIRONMENTAL INDEMNIFICATION AGREEMENT (the “Agreement”) is made and entered into as of the 2nd day of November, 2020, by and among KBSIII 500 WEST MADISON, LLC, a Delaware limited liability company ("Borrower" or "Indemnitor"), in favor of U.S. BANK NATIONAL

Construction Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing, by and between KBSIII 500 West Madison, LLC and U.S. Bank National Association, dated November 2, 2020, incorporated by reference to Exhibit 10.4 to the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2020, filed November 16, 2020

Exhibit 10.4 PREPARED BY AND AFTER RECORDING RETURN TO: Sheppard, Mullin, Richter & Hampton LLP 650 Town Center Dr., 4th Floor Costa Mesa, CA 92626 Attn: Daniel P. Mallet (For Recorder's Use Only) CONSTRUCTION MORTGAGE, ASSIGNMENT OF LEASES AND RENTS, SECURITY AGREEMENT AND FIXTURE FILING KBSIII 500 WEST MADISON, LLC, a Delaware limited liability company, as mortgagor (Borrower) to U.S. BANK NATIO

Promissory Note, by and between KBSIII 500 West Madison, LLC and Deutsche Pfandbriefbank AG, dated November 2, 2020, incorporated by reference to Exhibit 10.8 to the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2020, filed November 16, 2020

Exhibit 10.8 PROMISSORY NOTE $85,000,000.00 Newport Beach, California November 2, 2020 FOR VALUE RECEIVED, KBSIII 500 WEST MADISON, LLC, a Delaware limited liability company, as maker, having its principal place of business at 800 Newport Center Drive, Suite 700, Newport Beach, California 92660 (“Borrower”), hereby unconditionally promises to pay to the order of DEUTSCHE PFANDBRIEFBANK AG (“Lender

Quarterly Report - FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file numbe

Third Amended and Restated Bylaws, incorporated by reference to Exhibit 3.2 to the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2020, filed November 16, 2020

Exhibit 3.2 THIRD AMENDED AND RESTATED BYLAWS OF KBS REAL ESTATE INVESTMENT TRUST III, INC. ARTICLE I OFFICES Section 1.01. PRINCIPAL OFFICES. The principal office of KBS Real Estate Investment Trust III, Inc. (the “Corporation”) shall be located at such place or places as the board of directors may designate from time to time. Section 1.02. ADDITIONAL OFFICES. The Corporation may have additional

Subordination, Nondisturbance, and Attornment Agreement, by and between U.S. Bank National Association and Accenture LLP, dated November 2, 2020, incorporated by reference to Exhibit 10.5 to the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2020, filed November 16, 2020

Exhibit 10.5 This Document Prepared By and After Recording Return to: Sheppard, Mullin, Richter & Hampton LLP 650 Town Center Dr., 10th Floor Costa Mesa, CA 92626 Attn: Matthew Holbrook Address of Property: 500 West Madison Street Chicago, IL 60661 PIN Nos.: 17-09-342-002-0000 17-09-342-004-0000 17-09-342-005-0000 SUBORDINATION, NONDISTURBANCE, AND ATTORNMENT AGREEMENT This SUBORDINATION, NONDISTU

Promissory Note, by and between KBSIII 500 West Madison, LLC and U.S. Bank National Association, dated November 2, 2020, incorporated by reference to Exhibit 10.6 to the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2020, filed November 16, 2020

Exhibit 10.6 PROMISSORY NOTE $165,000,000.00 Newport Beach, California November 2, 2020 FOR VALUE RECEIVED, KBSIII 500 WEST MADISON, LLC, a Delaware limited liability company, as maker, having its principal place of business at 800 Newport Center Drive, Suite 700, Newport Beach, California 92660 (“Borrower”), hereby unconditionally promises to pay to the order of U.S. BANK NATIONAL ASSOCIATION, a

Revolving and Term Loan Agreement, by and among KBSIII 500 West Madison, LLC, U.S. Bank National Association and Bank of America, N.A., dated November 2, 2020, incorporated by reference to Exhibit 10.3 to the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2020, filed November 16, 2020

EX-10.3 4 kbsriiiq32020exhibit103.htm REVOLVING AND TERM LOAN AGREEMENT Exhibit 10.3 CUSIP: Deal - 48668UAE5 Revolver - 48668UAF2 Term - 48668UAG0 REVOLVING AND TERM LOAN AGREEMENT by and between KBSIII 500 West Madison, LLC, a Delaware limited liability company as Borrower And U.S. BANK NATIONAL ASSOCIATION, a national banking association, as Joint Lead Arranger, Co-Book Runner, and Administrativ

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant - FORM 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 2, 2020 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorp

- DEFA14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A (RULE 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ? Filed by a Party other than the Registrant ? Check the appropriate box: ? Preliminary Proxy Statement ? Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ? Definitive Proxy Statement ? Definitive Additional Materials ? Soliciting Material Pursuant to ? 240.

Definitive Proxy Statement on Schedule 14A filed with the SEC on October 16, 2020

DEF 14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A (RULE 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☒ Definitive Proxy Statement ☐ Definitive Additional Materials ☐ Soliciting Material Pursuant to § 240.

- FORM 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 13, 2020 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorp

Current Report

8-K 1 kbsriii8k-advisoryagrm.htm FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 27, 2020 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-16

ADVISORY AGREEMENT KBS REAL ESTATE INVESTMENT TRUST III, INC. KBS CAPITAL ADVISORS LLC September 27, 2020 TABLE OF CONTENTS Page ARTICLE 1 – DEFINITIONS 1 ARTICLE 2 – APPOINTMENT 9 ARTICLE 3 – DUTIES OF THE ADVISOR 9 3.01 Organizational and Offering

EX-99.1 2 kbsriii8kexhibit991.htm ADVISORY AGREEMENT Exhibit 99.1 ADVISORY AGREEMENT between KBS REAL ESTATE INVESTMENT TRUST III, INC. and KBS CAPITAL ADVISORS LLC September 27, 2020 TABLE OF CONTENTS Page ARTICLE 1 – DEFINITIONS 1 ARTICLE 2 – APPOINTMENT 9 ARTICLE 3 – DUTIES OF THE ADVISOR 9 3.01 Organizational and Offering Services 9 3.02 Acquisition Services 9 3.03 Asset Management Services 10

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 20, 2020 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorpo

Exhibit 99.1 Portfolio & Strategic Plan Update August 20, 2020 The information contained herein should be read in conjunction with, and is qualified by, the information in KBS Real Estate Investment Trust III’s (the “Company” or “KBS REIT III”) Annua

Exhibit 99.1 Portfolio & Strategic Plan Update August 20, 2020 The information contained herein should be read in conjunction with, and is qualified by, the information in KBS Real Estate Investment Trust III?s (the ?Company? or ?KBS REIT III?) Annual Report on Form 10-K for the year ended December 31, 2019 (the ?Annual Report?), and in the Company?s Quarterly Report on Form 10-Q for the period en

The consolidated financial statements of the Company included in the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2020 filed with the SEC on August 12, 2020.

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 26, 2020 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorpora

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 23, 2020 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorpora

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 25, 2020 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorporat

Exhibit 99.1 Portfolio & Strategic Plan Update May 28, 2020 The information contained herein should be read in conjunction with, and is qualified by, the information in KBS Real Estate Investment Trust III’s (the “Company” or “KBS REIT III”) Annual R

kbsriii8kex991 Exhibit 99.1 Portfolio & Strategic Plan Update May 28, 2020 The information contained herein should be read in conjunction with, and is qualified by, the information in KBS Real Estate Investment Trust III’s (the “Company” or “KBS REIT III”) Annual Report on Form 10-K for the year ended December 31, 2019 (the “Annual Report”), and in the Company’s Quarterly Report on Form 10-Q for t

Quarterly Report - FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 00

- FORM 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 7, 2020 KBS REAL ESTATE INVESTMENT TRUST III, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 000-54687 27-1627696 (State or Other Jurisdiction of Incorporati

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A (RULE 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

DEFA14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A (RULE 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☐ Definitive Proxy Statement ☒ Definitive Additional Materials ☐ Soliciting Material Pursuant to § 240.