KBS Real Estate Investment Trust III, Inc. (KBSR) Form 8-K — Nov 5, 2026
KBS REIT III entered a sixth modification of its $317.4 million Accenture Tower Loan on October 30, 2026, extending maturity only to December 17, 2026, with a 12-month extension option to November 2, 2027 that costs $0.4 million and conditions the rate at Term SOFR plus 300 basis points. The same day, the trust secured a ninth modification of its $137.8 million 3001 & 3003 Washington Mortgage Loan, pushing maturity to January 20, 2027 with no further extension options, and the lender may accelerate the loan early if it deems refinancing unlikely.
Key figures
- Debt Amount
- $317.4 million (Accenture Tower Loan) and $137.8 million (3001 & 3003 Washington Mortgage Loan)
- Washington maturity
- January 20, 2027, no further extension options
- Accenture tower rate
- one-month Term SOFR + 325 bps (300 bps upon extension option)
- New funding available
- $4.6 million
- Accenture extension fee
- $0.4 million
- Accenture tower maturity
- December 17, 2026 (extendable to November 2, 2027)
- Washington extension fee
- $0.1 million
AI analysis
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