Company: KBSR
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001482430-25-000021
Chunk: 42

Company: KBS Real Estate Investment Trust III, Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 15
Chunk 42
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469)(81,219)(121,568)Proceeds from sale of real estate, net192,371 — — Purchase of interest rate cap— (25)— Net cash provided by (used in) investing activities157,902 (81,244)(121,568)Cash Flows from Financing Activities:Proceeds from notes payable35,913 77,170 282,118 Principal payments on notes payable(198,463)(9,952)(83,013)Payments of deferred financing costs(10,465)(2,887)(1,155)Interest rate swap settlements for off-market swap instruments— 9,853 569 Restricted cash surrendered from deed-in-lieu of foreclosure(1,886)— — Payments to redeem common stock— (12,142)(89,183)Payments of prepaid other offering costs— — (110)Payments of other offering costs(2)(28)(17)Distributions paid to common stockholders— (25,319)(56,205)Net cash (used in) provided by financing activities(174,903)36,695 53,004 Net (decrease) increase in cash, cash equivalents and restricted cash(9,348)(2,915)7,401 Cash, cash equivalents and restricted cash, beginning of period50,922 53,837 46,436 Cash, cash equivalents and restricted cash, end of period$41,574 $50,922 $53,837 Supplemental Disclosure of Cash Flow Information:Interest paid$92,521 $93,657 $55,245 Supplemental Disclosure of Noncash Investing and Financing Activities:Distributions payable$— $— $7,374 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 $— $— Distributions paid to common stockholders through common stock issuances pursuant to the dividend reinvestment plan$— $16,249 $33,391 Redeemable common stock payable$— $— $711 Accrued improvements to real estate$6,885 $14,222 $19,324 Accrued deferred loan