Company: KBSR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001482430-25-000054
Chunk: 4

Company: KBS Real Estate Investment Trust III, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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-market leases, net(199)(359)Amortization of deferred financing costs9,216 7,790 Unrealized loss on derivative instruments8,435 13,728 Gains related to swap terminations— (178)Interest rate swap settlement for early terminated swaps— 6,552 Gain from extinguishment of debt— (56,372)Gain on sale of real estate(77,401)(14,781)Changes in operating assets and liabilities:Rents and other receivables821 (4,763)Prepaid expenses and other assets(5,095)(16,525)Accounts payable and accrued liabilities(2,441)8,898 Due to affiliate634 1,540 Other liabilities490 802 Net cash provided by operating activities3,489 6,828 Cash Flows from Investing Activities:Improvements to real estate(18,511)(28,591)Proceeds from sale of real estate, net220,098 46,929 Net cash provided by investing activities201,587 18,338 Cash Flows from Financing Activities:Proceeds from notes payable29,222 33,940 Principal payments on notes payable(187,003)(56,342)Payments of deferred financing costs(8,904)(5,743)Restricted cash surrendered from deed-in-lieu of foreclosure— (1,886)Payments of other offering costs— (2)Net cash used in financing activities(166,685)(30,033)Net increase (decrease) in cash, cash equivalents and restricted cash38,391 (4,867)Cash, cash equivalents and restricted cash, beginning of period41,574 50,922 Cash, cash equivalents and restricted cash, end of period$79,965 $46,055 Supplemental Disclosure of Cash Flow Information:Interest paid$70,942 $69,438 Supplemental Disclosure of Noncash Investing and Financing Activities:Mortgage loan extinguished in connection with deed-in-lieu of foreclosure$— $125,000 Real estate transferred in connection with deed-in-lieu of foreclosure$— $69,028 Net liabilities transferred in connection with deed-in-lieu of foreclosure$— $2,286 Accrued improvements to real estate$4,498 $6,233 Accrued deferred loan financing costs$10,505 $— Accrued disposition fees$500