Company: KBSR
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001482430-25-000025
Chunk: 18

Company: KBS Real Estate Investment Trust III, Inc.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 18
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 relating to the compensation of our executives. However, we do not have any paid employees and our executive officers do not receive any compensation directly from us. Our executive officers are officers and/or employees of, or hold an indirect ownership interest in, our advisor and/or its affiliates and our executive officers are compensated by these entities, in part, for their services to us or our subsidiaries. See “—Report of the Conflicts Committee—Certain Transactions with Related Persons” below for a discussion of the fees paid to our advisor and its affiliates, including information regarding future payments by our advisor to its employees under our advisor’s employee retention program that are reimbursed by us from the Bonus Retention Fund (defined below).

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#### Report of the Conflicts Committee

#### Review of Our Policies
The conflicts committee has reviewed our policies and determined that they are in the best interest of our common stockholders and other stakeholders. Set forth below is a discussion of the basis for that determination.

Offering Policy . On March 15, 2024, we terminated our dividend reinvestment plan. We did not sell any securities or incur any offering expenses during the year ended December 31, 2024.

As discussed under “—Borrowing Policies” below, we may continue to evaluate raising capital through the issuance of new equity or debt to the extent we see improvement in the capital markets.

Portfolio Management and Disposition Policies. As of April 23, 2025, we owned 13 office properties, one mixed-use office/retail property and an investment in the equity securities of Prime US REIT (SGX-ST Ticker: OXMU), a Singapore real estate investment trust (the “SREIT”).

We have acquired and manage a diverse portfolio of core real estate properties. Our primary investment focus was core office properties located throughout the United States, though we have invested in other types of properties and real estate-related investments.

When making an acquisition, we emphasized the performance and risk characteristics of that investment, how that investment would fit with our portfolio-level performance objectives, the other assets in our portfolio and how the returns and risks of that investment compared to the returns and risks of available investment alternatives.

We generally hold fee title to or a long-term leasehold estate in the properties we have acquired. We have also made investments through joint ventures.

Our advisor develops a well-defined exit strategy for each investment we make and periodically performs a hold-sell analysis on each asset. These periodic analyses focus on the remaining available