---
title: "KBS REIT III Modifies and Extends Loan Facility"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282083739.md"
description: "KBS Real Estate Investment Trust III has modified and extended its loan facility. Following the sale of Gateway Tech Center for $50 million, the REIT reduced its outstanding loan principal to approximately $157.6 million. On April 2, 2026, it entered a fifth modification, increasing the principal to $160.4 million, extending maturity to December 15, 2026, and revising covenants to prioritize tenant improvements and leasing costs. KBS REIT III focuses on managing commercial office properties and actively manages its debt and capital expenditures."
datetime: "2026-04-08T18:27:33.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282083739.md)
  - [en](https://longbridge.com/en/news/282083739.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282083739.md)
---

# KBS REIT III Modifies and Extends Loan Facility

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An announcement from KBS Real Estate ate Investment Trust III ( (KBSR) ) is now available.

On March 31, 2026, KBS REIT III sold Gateway Tech Center for $50 million, generating $48.1 million in net proceeds that were largely used to pay down its Modified Portfolio Revolving Loan Facility, reducing the outstanding principal to about $157.6 million and leaving 515 Congress and 201 17th Street as the remaining collateral. On April 2, 2026, the REIT entered into a fifth modification of the facility, increasing the principal to $160.4 million after drawing remaining holdbacks, extending the maturity to at least December 15, 2026, eliminating scheduled principal amortization, tightening cash management and tax escrow controls, deferring REIT-level and asset management fees tied to the properties, and revising loan and guarantor covenants in ways that prioritize funding tenant improvements, leasing costs and taxes while giving lenders enhanced structural protections.

**More about KBS Real Estate ate Investment Trust III**

KBS Real Estate Investment Trust III is a real estate investment trust focused on owning and managing commercial office properties through indirect wholly owned subsidiaries. The company finances its portfolio using secured credit facilities with a syndicate of banks and actively manages debt terms, property sales and capital expenditures to support asset performance and liquidity for its investors.

**Average Trading Volume:** 4,602

**Technical Sentiment Signal:** Strong Sell

**Current Market Cap:** $24.06M

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