Company: KBSR
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001482430-25-000042
Chunk: 4

Company: KBS Real Estate Investment Trust III, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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 loss (gain) on derivative instruments6,258 (7,501)Gains related to swap terminations— (178)Interest rate swap settlement for early terminated swaps— 6,552 Gain from extinguishment of debt— (56,372)Gain on sale of real estate— (14,781)Changes in operating assets and liabilities:Rents and other receivables2,266 (2,819)Prepaid expenses and other assets(3,787)(8,148)Accounts payable and accrued liabilities(4,943)1,839 Due to affiliate346 1,434 Other liabilities620 (1,353)Net cash provided by operating activities643 7,668 Cash Flows from Investing Activities:Improvements to real estate(12,671)(22,084)Proceeds from sale of real estate, net— 46,929 Net cash (used in) provided by investing activities(12,671)24,845 Cash Flows from Financing Activities:Proceeds from notes payable26,816 32,080 Principal payments on notes payable(3,213)(54,088)Payments of deferred financing costs(6,281)(4,775)Restricted cash surrendered from deed-in-lieu of foreclosure— (1,886)Payments of prepaid other offering costs— (1,172)Payments of other offering costs— (2)Net cash provided by (used in) financing activities17,322 (29,843)Net increase in cash, cash equivalents and restricted cash5,294 2,670 Cash, cash equivalents and restricted cash, beginning of period41,574 50,922 Cash, cash equivalents and restricted cash, end of period$46,868 $53,592 Supplemental Disclosure of Cash Flow Information:Interest paid$46,958 $45,484 Supplemental Disclosure of Noncash Investing and Financing Activities:Mortgage loan extinguished in connection with deed-in-lieu of foreclosure$— $125,000 Real estate transferred in connection with deed-in-lieu of foreclosure$— $69,028 Net liabilities transferred in connection with deed-in-lieu of foreclosure$— $2,286 Accrued improvements to real estate$5,615 $5,189 Accrued deferred loan financing costs$13,061 $— Accrued disposition fees$500 $— 

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