KBS REIT III Modifies and Extends Loan Facility
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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.
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