Company: KBSR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001482430-25-000054
Chunk: 120

Company: KBS Real Estate Investment Trust III, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 120
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 future disclosures but does not expect the adoption of ASU 2024-03 to have a material impact on its consolidated financial statements.

4.      REAL ESTATE

Real Estate Held for InvestmentAs of September 30, 2025, the Company’s real estate portfolio held for investment was composed of 12 office properties encompassing in the aggregate approximately 5.6 million rentable square feet.  As of September 30, 2025, the Company’s real estate portfolio held for investment was collectively 77.0% occupied.  The following table summarizes the Company’s investments in real estate held for investment as of September 30, 2025 (in thousands):PropertyDate AcquiredCityStateProperty TypeTotal Real Estate, at Cost (1)Accumulated Depreciation and Amortization (1)Total Real Estate, Net (1)Town Center03/27/2012PlanoTXOffice$146,550 $(63,581)$82,969 Gateway Tech Center05/09/2012Salt Lake CityUTOffice37,400 (15,429)21,971 60 South Sixth01/31/2013MinneapolisMNOffice87,849 — 87,849 Accenture Tower12/16/2013ChicagoILOffice578,986 (202,340)376,646 Ten Almaden12/05/2014San JoseCAOffice131,668 (48,937)82,731 Towers at Emeryville12/23/2014EmeryvilleCAOffice128,326 — 128,326 3003 Washington Boulevard12/30/2014ArlingtonVAOffice154,830 (52,548)102,282 201 17th Street 06/23/2015AtlantaGAOffice105,819 (41,222)64,597 515 Congress 08/31/2015Austin TXOffice138,920 (44,400)94,520 The Almaden09/23/2015San JoseCAOffice103,358 — 103,358 3001 Washington Boulevard11/06/2015ArlingtonVAOffice61,047 (18,071)42,976 Carillon 01/15/2016CharlotteNCOffice181,855 (53,992)127,863 $1,856,608 $(540,520)$1,316,088 _____________________(