Company: KBSR
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001482430-25-000021
Chunk: 203

Company: KBS Real Estate Investment Trust III, Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 2
Chunk 203
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 Square Feet ExpiringMonth to Month9 $1,398 0.8 %167,913 3.2 %202577 16,641 9.3 %461,555 8.9 %202673 20,147 11.3 %551,441 10.6 %202781 24,347 13.6 %744,081 14.3 %202867 14,643 8.2 %403,001 7.8 %202953 21,401 12.0 %526,847 10.2 %203036 20,769 11.6 %574,265 11.1 %203117 6,713 3.8 %201,115 3.9 %203216 8,877 5.0 %271,654 5.2 %203311 5,659 3.2 %183,814 3.5 %203415 15,869 8.9 %324,006 6.2 %Thereafter17 21,960 12.3 %780,879 15.1 %Total472 $178,424 100.0 %5,190,571 100.0 %

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(1) 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.  

As of December 31, 2024, our portfolio’s highest tenant industry concentrations (greater than 10% of annualized base rent) were as follows:

IndustryNumber of TenantsAnnualized Base Rent (1)(in thousands)Percentage of Annualized Base RentFinance80$29,913 16.8 %Legal Services4724,527 13.7 %Management Consulting Services1118,942 10.6 %$73,382 41.1 %

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(1) 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.  

As of December