KBS REAL ESTATE INVESTMENT TRUST III, INC. (OTCMKTS:KBRS) Files An 8-K Other Events
ITEM 8.01 OTHER EVENTS
(the Company) approved recommending to its stockholders that they
reject a mini-tender offer made by Everest REIT Investors I, LLC
and Everest REIT Investors II, LLC for up to 1,810,000 shares of
the Companys common stock, which is approximately 1.0% of the
outstanding shares. The Company anticipates commencing
distribution to its stockholders of the response containing this
recommendation, appearing as Exhibit 99.1, on March 20, 2017.
KBS Real Estate Investment Trust III, Inc. Response to
About KBS REAL ESTATE INVESTMENT TRUST III, INC. (OTCMKTS:KBRS)
KBS Real Estate Investment Trust II, Inc. is a real estate investment trust. The Company holds investments in a portfolio of real estate and real estate-related investments. The Company’s segments include real estate and real estate-related. Under the real estate segment, it has investments in office, office/flex and industrial properties. Under the real estate-related segment, it invests in or originates mortgage loans and an A-Note. The Company conducts its business primarily through KBS Limited Partnership II. Its properties are located in the United States. Its portfolio of real estate consists of approximately 10 office properties, an office/flex property and an office campus consisting of over eight office buildings, encompassing in the aggregate approximately 5.2 million rentable square feet. Its properties include Corporate Technology Centre in San Jose, California; Union Bank Plaza in Los Angeles, California, and 300-600 Campus Drive Buildings in Florham Park, New Jersey. KBS REAL ESTATE INVESTMENT TRUST III, INC. (OTCMKTS:KBRS) Recent Trading Information
KBS REAL ESTATE INVESTMENT TRUST III, INC. (OTCMKTS:KBRS) closed its last trading session 00.00 at 4.60 with 2,188 shares trading hands.