Company: KBSR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001482430-25-000054
Chunk: 126

Company: KBS Real Estate Investment Trust III, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 126
---
 to real estate held for sale:Total real estate, at cost$— $184,921 Accumulated depreciation and amortization— (53,450)Real estate held for sale, net— 131,471 Other assets— 15,209 Total assets related to real estate held for sale$— $146,680 Liabilities related to real estate held for saleNotes payable, net$— $152,445 Other liabilities— 2,999 Total liabilities related to real estate held for sale$— $155,444 

14

Table of ContentsPART I. FINANCIAL INFORMATION (CONTINUED)Item 1.  Financial Statements (continued)KBS REAL ESTATE INVESTMENT TRUST III, INC.CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)September 30, 2025(unaudited)5.      REAL ESTATE SALES (CONTINUED)

The results of operations for the properties sold during the year ended December 31, 2024 and the nine months ended September 30, 2025 are included in continuing operations on the Company’s consolidated statements of operations.  The following table summarizes certain revenues and expenses related to the Company’s real estate properties that were sold during the year ended December 31, 2024 and the nine months ended September 30, 2025, which were included in continuing operations (in thousands):   For the Three Months EndedSeptember 30,For the Nine Months EndedSeptember 30,2025202420252024RevenuesRental income$3,708 $11,479 $18,444 $35,353 Other operating income239 870 1,365 2,714 Total revenues$3,947 $12,349 $19,809 $38,067 ExpensesOperating, maintenance, and management$1,648 $3,231 $5,353 $9,164 Real estate taxes and insurance697 2,083 3,594 5,980 Asset management fees to affiliate270 752 1,191 2,284 General and administrative expenses (1)(724)51 (408)67 Depreciation and amortization502 4,298 5,032 12,698 Interest expense (2)1,070 1,286 3,284 3,843 Total