Company: KBSR
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001482430-25-000036
Chunk: 3

Company: KBS Real Estate Investment Trust III, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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2,260 (3,395)Prepaid expenses and other assets(7,572)(8,090)Accounts payable and accrued liabilities(3,042)326 Due to affiliate(134)1,300 Other liabilities(103)1,965 Net cash (used in) provided by operating activities(5,715)1,877 Cash Flows from Investing Activities:Improvements to real estate(4,424)(9,887)Proceeds from sale of real estate, net— 46,929 Net cash (used in) provided by investing activities(4,424)37,042 Cash Flows from Financing Activities:Proceeds from notes payable18,665 10,000 Principal payments on notes payable(1,606)(46,910)Payments of deferred financing costs(4,090)(3,184)Restricted cash surrendered from deed-in-lieu of foreclosure— (1,886)Payments of other offering costs— (2)Net cash provided by (used in) financing activities12,969 (41,982)Net increase (decrease) in cash, cash equivalents and restricted cash2,830 (3,063)Cash, cash equivalents and restricted cash, beginning of period41,574 50,922 Cash, cash equivalents and restricted cash, end of period$44,404 $47,859 Supplemental Disclosure of Cash Flow Information:Interest paid$22,682 $22,082 Supplemental Disclosure of Noncash Investing and Financing Activities:Mortgage loan extinguished in connection with deed-in-lieu of foreclosure$— $125,000 Real estate transferred in connection with deed-in-lieu of foreclosure$— $69,028 Net liabilities transferred in connection with deed-in-lieu of foreclosure$— $2,286 Accrued improvements to real estate$7,118 $12,276 Accrued deferred loan financing costs$14,740 $— Accrued disposition fees$500 $— 

See accompanying condensed notes to consolidated financial statements.

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Table of ContentsPART I. FINANCIAL INFORMATION (CONTINUED)Item 1.  Financial Statements (continued)KBS REAL ESTATE INVESTMENT TRUST III, INC.CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTSMarch 31, 2025(unaudited)1.      ORGANIZATION

KBS Real Estate Investment