Company: KBSR
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001482430-25-000021
Chunk: 109

Company: KBS Real Estate Investment Trust III, Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 15
Chunk 109
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,243)8,101 79,735 87,836 (17,430)200706/18/2015201 17th Street (7)Atlanta, GA100%(5)5,277 86,859 92,136 13,371 5,277 100,230 105,507 (37,952)200706/23/2015515 Congress (7)Austin, TX100%(5)8,000 106,261 114,261 23,214 8,000 129,475 137,475 (40,512)197508/31/2015The AlmadenSan Jose, CA100%118,440 29,000 130,145 159,145 33,988 29,000 164,133 193,133 (56,081)1980/198109/23/20153001 Washington BoulevardArlington, VA100%(6)9,900 41,551 51,451 9,548 9,900 51,099 60,999 (16,648)201511/06/2015Carillon (7)Charlotte, NC100%88,140 19,100 126,979 146,079 35,025 19,100 162,004 181,104 (49,165)199101/15/2016TOTAL$229,962 $1,672,887 $1,902,849 $342,074 $226,106 $2,018,817 $2,244,923 $(681,392)____________________ (1) Building and improvements includes tenant origination and absorption costs and construction in progress.  (2) Costs capitalized subsequent to acquisition is net of impairment charges, write-offs of fully depreciated/amortized assets and property damage.  (3) The aggregate cost of real estate for federal income tax purposes was $2.5 billion (unaudited) as of December 31, 2024.  (4) As of December 31, 2024, these properties served as the security for the Amended and Restated Portfolio Loan Facility, which had an outstanding principal balance of $460.9 million.  (5) As of December 31, 2024, these properties served as the security for the Modified Portfolio Revolving Loan Facility, which had an outstanding principal balance of