Company: KBSR
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001482430-25-000042
Chunk: 114

Company: KBS Real Estate Investment Trust III, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 114
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 its consolidated financial statements and 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 June 30, 2025, the Company’s real estate portfolio held for investment was composed of 12 office properties and one mixed-use office/retail property encompassing in the aggregate approximately 6.1 million rentable square feet.  As of June 30, 2025, the Company’s real estate portfolio held for investment was collectively 79.3% occupied.  The following table summarizes the Company’s investments in real estate held for investment as of June 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$144,406 $(61,956)$82,450 Gateway Tech Center05/09/2012Salt Lake CityUTOffice37,398 (15,029)22,369 60 South Sixth01/31/2013MinneapolisMNOffice115,636 (5,459)110,177 Accenture Tower12/16/2013ChicagoILOffice578,374 (196,570)381,804 Ten Almaden12/05/2014San JoseCAOffice131,628 (47,776)83,852 Towers at Emeryville12/23/2014EmeryvilleCAOffice223,760 (77,697)146,063 3003 Washington Boulevard12/30/2014ArlingtonVAOffice154,964 (51,925)103,039 Park Place Village 06/18/2015LeawoodKSOffice/Retail88,412 (19,545)68,867 201 17th Street 06/23/2015AtlantaGAOffice105,728 (40,130)65,598 515 Congress 08/31/2015Austin TXOffice138,263 (43,133)95,130 The Almaden09/23/2015San JoseCAOffice192,596 (59,105)133,491 3001 Washington Boulevard11/06/2015ArlingtonVAOffice61,009 (17