KBS Real Estate Investment Trust III, Inc.

KBS Real Estate Investment Trust III, Inc.

KBS Real Estate Investment Trust III, Inc. was formed in 2013 as a non-traded REIT sponsored by KBS Capital Markets Group. The firm raised capital through public offerings led by Chairman Charles J. Schreiber, CEO Keith B. Drifka, and President Jeffrey K. Waldvogel. The structure allows individual investors exposure to commercial real estate without exchange listing. The trust targets institutional-quality office and industrial assets across the United States, with additional exposure to retail and mixed-use properties. Known portfolio holdings include office towers in Los Angeles, Chicago, and Dallas, alongside industrial properties in New Jersey. The REIT uses an external manager structure, with KBS Capital Advisors handling property management and leasing (per SEC filings, 2022). As of 2022, KBS REIT III confirmed cumulative capital raised of approximately $2.2 billion. The firm maintains its headquarters in Newport Beach, California, and has not disclosed the total number of professionals. The REIT has an affiliated dividend-reinvestment plan and a share-repurchase program that provides limited liquidity to investors (per SEC filings, 2022). The structural differentiator is its non-traded REIT model — a closed-end vehicle without a public exchange listing — giving management longer investment horizons but requiring periodic share-offering cycles to fund operations. The trust faces ongoing regulatory disclosure requirements under SEC guidelines, with portfolio valuations adjusted through independent appraisals rather than daily market pricing.