KBS Real Estate Investment Trust III Inc.
10/01/2026 | Press release | Distributed by Public on 10/01/2026 13:54
Material Agreement (Form 8-K)
ITEM 1.01 ENTRY INTO MATERIAL DEFINITIVE AGREEMENT
Renewal of Advisory Agreement
On September 27, 2026, KBS Real Estate Investment Trust III, Inc. ("KBS REIT III") renewed its advisory agreement with KBS Capital Advisors LLC (the "Advisor"). The advisory agreement renewal agreement extends the term of the current advisory agreement, as amended, through September 27, 2027. The advisory agreement may be renewed for an unlimited number of successive one-year periods upon the mutual consent of KBS REIT III and the Advisor. The advisory agreement may be terminated (i) upon 60 days' written notice without cause or penalty by either KBS REIT III (acting through the Conflicts Committee) or the Advisor or (ii) immediately by KBS REIT III for cause or upon the bankruptcy of the Advisor. Other than the one-year extension of the term, the advisory agreement renewal agreement made no changes to the terms of the advisory agreement, as amended.
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