Company: KBSR
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001482430-25-000021
Chunk: 202

Company: KBS Real Estate Investment Trust III, Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 2
Chunk 202
---
.8 %91.2 %Park Place VillageLeawood, KS06/18/2015Office/Retail484,980 87,836 13,953 29.28 5.3 3.9 %98.2 %201 17th StreetAtlanta, GA06/23/2015Office355,870 105,507 9,725 31.13 5.7 3.7 %87.8 %515 CongressAustin, TX08/31/2015Office267,956 137,475 7,767 37.65 4.3 5.3 %77.0 %The AlmadenSan Jose, CA09/23/2015Office416,126 193,133 17,936 55.32 3.3 7.5 %77.9 %3001 Washington BoulevardArlington, VA11/06/2015Office94,836 60,999 5,189 54.71 5.3 2.4 %100.0 %CarillonCharlotte, NC01/15/2016Office488,277 181,104 13,833 35.16 4.7 7.2 %80.6 %6,436,484 $2,244,923 $178,424 $34.37 5.680.6 %

_____________________

(1) Total real estate at cost represents the total cost of real estate net of impairment charges and write-offs of fully depreciated/amortized assets.  

(2) Annualized base rent represents annualized contractual base rental income as of December 31, 2024, adjusted to straight-line any contractual tenant concessions (including free rent), rent increases and rent decreases from the lease’s inception through the balance of the lease term.  

(3) Average annualized base rent per square foot is calculated as the annualized base rent divided by the leased square feet.  

44

Table of Contents

Portfolio Lease Expirations

The following table sets forth a schedule of expiring leases for our real estate portfolio by square footage and by annualized base rent as of December 31, 2024:

Year of ExpirationNumber of Leases ExpiringAnnualized Base Rent Expiring (1)(in thousands)% of Portfolio Annualized Base Rent ExpiringLeased Square Feet Expiring % of Portfolio Leased