Kbs Real Estate Invt Tr Iii Inc. · OTC:KBSR
Kbs Real Estate Invt Tr Iii — KBS Real Estate Investment Trust III — Corporate Update (March 2019)
26 slides from Kbs Real Estate Invt Tr Iii's corporate update, Mar 15, 2019
Slide 1: KBS Real Estate Investment Trust III
KBS Real Estate Investment Trust III Portfolio Update Meeting | March 15, 2019
Slide 2: Important Disclosures
IMPORTANT DISCLOSURES The information contained herein should be read in conjunction with, and is qualified by, the information in KBS Real Estate Investment Trust Ill's (the “Company” or “KBS REIT III") Annual Report on Form 10-K for the year ended December 31, 2018 (the “Annual Report"), including
Slide 3: About KBS
| About KBS + Formed by Peter Bren and Chuck Schreiber in 1992. Over 26 years of investment and management experience with extensive long-term investor relationships. * Transactional volume in excess of $38.7 billion!, AUM of $11.6 billion! and 36.8 million square feet under management!. * 8th Large
Slide 4: Regional Focus Map
Regional Focus Map SAN FRANCISCO BAY AREA SILICON VALLEY LOS ANGELE ORANGE COUNTY /SAN DIEGO Gateway Target First-Tier Target Strong Employment/Growth ™ KBS Offices Real Estate Investment Trust Il KBS
Slide 5: KBS REIT III Asset Map
| KBS REIT Ill Asset Map > Current Equity Assets Sold and Liquidated Assets (equity and debt) Real Estate Investment Trust Il KBS
Slide 6: Portfolio Highlights
Portfolio H ig h lig tS (as of December 31, 2018, unless otherwise noted) FUND OVERVIEW PORTFOLIO OVERVIEW * Primary Offering Broke Escrow December 2018 Estimated Value of Portfolio ” May 24, 2011 $4,272,808,674 Primary Offering Closed Current Cost Basis * July 28, 2015 $3,806,588,588 Total Capital
Slide 7: Portfolio Summary
| Portfolio SUMMIATY (As of december31. 2018) Purchase Occupancy Occupancy _Leased Acquisition Price Cost Basis [1] at at Occupancy Location Acavisifion _12/31/2018_ Change Domain Gateway ‘Austin, IX 183,911 09/29/11 § 43,189 § 50,417 100% 100% 0% Town Center 1-3 Plano, 1X 522,043 03/27/12 112,572 1
Slide 8: Capital Management
| Capital Mana QEMENF (as oF December31, 2018, unless otherwise noted) Initial Debt Maturities $1,171,460” $1,200,000 Total debt © $2.2 Billion $1,000,000 $800,000 Ss S $600,000 Loan-To- 51% a fo $294,894 Value (1) $400,000 $256,121 $125,000 $200,000 $- Average cost © 3.86% per annum & © ay oy & é o
Slide 9: Portfolio Overview
Portfolio OVErViEW (4s ot December 31, 2018) Key Statistics a a Cccupied SF Expirations as of December31,2018 No. of Assets 30 ce Total Rentable Sq. Ft 11,189,766 a Wtd Avg Lease Term 4.5 years i 600,000 Economic Occupancy 93% * see Leased Occupancy 94% i No. of Tenants 846 Ss £# £ £ # F F S$ KF HF
Slide 10: Tenancy Overview
| Tenancy OVEFVIEW (As of December 31, 2018) Portfolio Tenant Allocation by Industry (By Annualized Base Rent)” 0 Industry Property % Village Center Station | Top 10 Tenants Charter Communications Communications Vile Canter cation 3.6% 500 W. Madison RBC Capital Markets, LLC Finance The Almaden Fina
Slide 11: Property Updates
Property Updates
Slide 12: Property Update: 17th Street, Atlanta, Georgia
| Property Update 171 17" Street, Atlanta, Georgia Location: Atlanta, GA Property Type: Class A Office Acquisition Date: August 25, 2014 Purchase Price: $132.2 million Size: 510,268 Sq. Ft. Leased Occupancy: 100% Largest Tenants Zof sida, Wells Fargo 30% Arnall Golden Gregory 24% The anchor tenant,
Slide 13: Property Update: Carillon, Charlotte, North Carolina
| Property Update Carillon, Charlotte, North Carolina Location: Charlotte, NC Property Type: Class A Office Acquisition Date: January 15, 2016 Purchase Price: $146.1 million Size: 486,994 Sq. Ft. Leased Occupancy: 96% Largest Tenants Bof sida. Cadwalader, Wickersham & Taft LLP 9% Crescent Communitie
Slide 14: Property Update: Ten Almaden and Almaden Financial Plaza, San Jose
| Property Update Ten Almaden, san Jose, CA Almaden Financial Plaza, san Jose, CA Location: San Jose, CA Property Type: Class A Office Acquisition Date: December 5, 2014 Purchase Price: $116.0 million Size: 309,255 Sq. Ft. Leased Occupancy: 97% Largest Tenants f Bl Adobe Systems 21% Berliner Cohen 1
Slide 15: Property Update: Domain Gateway, Austin, Texas
| Property Update Domain Gateway, Austin, Texas Location: Austin, TX Property Type: Class A Office Acquisition Date: September 29, 2011 Purchase Price: $43.2 million Size: 183,911 Sq. Ft. Leased Occupancy: 100% Largest Tenants Bol Bida. CIT Bank N.A. 100% * Domain Gateway has been 100% leased since
Slide 16: Property Update: Village Center Station II, Denver, Colorado
Property Update Village Center Station Il, Denver, Colorado Location: Denver, CO Property Type: Class A Office Deal Structure: JV with Shea Properties Acquisition Date: March 3, 2017 Consolidation Date: October 11, 2018 Project Cost: $128.6 million No. of Buildings: 2 Size: 325,576 Sq. Ft. Leased Oc
Slide 17: Property Update: Hardware Village Apartments Development
| Property Update Hardware Village Apartments Development, Salt Lake City, Utah Location: Salt Lake City, UT Property Type: Class A Multifamily Deal Structure: JV with Salt Development Acquisition Date: September 2, 2016 Projected Development Cost: $134.3 million No. of Buildings: 2 Size: 453-unit O
Slide 18: Property Update: Hardware Village Apartments Development
| Property Update Hardware Village Apartments Development
Slide 19: Sold and Liquidated Assets
| Sold and Liquidated Assets (auity ond pen) Rocklin Corporate Center Location: Rocklin, CA Property Type: Class A Office Size: 220,020 SF Occupancy at Sale: 99% Acquisition Date: 11/06/14 Purchase Price: $32.8 million Cost Basis at Sale: $36.6 million Sale Date: 05/25/18 Sale Price: $42.9 million A
Slide 20: Stockholder Performance
| Stockholder Performance KBS REIT Ill provides its estimated value per share to assist broker dealers that participated in KBS REIT Ill's now-terminated initial public offering in meeting their customer account statement reporting obligations. This valuation was performed in accordance with the pro
Slide 21: Distribution History & Yield
| Distribution History & Yield = Distribution History!: * June 24, 2011-Dec. 31, 2018 Daily Record Dates: $0.65/share on an annualized basis = Current monthly distribution rate would equal a 6.50% annualized rate based on the initial $10.00 primary offering price per share, or 5.41% based on the Dec
Slide 22: Stockholder Hypothetical Performance
| Stockholder Hypothetical Performance Hypothetical Performance of Early and Late Investors Assumes alll distributions have been taken in cash and stockholder has held shares since the dates below Sum of Estimated Value Per Share and Estimated Value Cumulative Cash Distributions Cumulative Cash Dist
Slide 23: Stockholder Performance - December 2018
| Stockholder Performance —- December 2018 Hypothetical Performance of Early and Late Investors $10.00 Share Price for Early Investors and $10.51 Share Price for Late Investors, All Distributions Received in Cash Breakdown of First Cash Investor Value Breakdown of Last’ Cash Investor value: $1685 si
Slide 24: REIT III Goals & Objectives
| REIT Ill Goals & Objectives 24 Complete major capital projects, such as renovations or amenity enhancements, with the goal of attracting quality tenants Complete construction of Hardware Village property and continue to lease-up Lease-up and stabilize all properties in the portfolio with an emphas
Slide 25: Q&A
Q&A
Slide 26: Thank You
Thank You For Additional Questions, Contact KBS Capital Markets Group Investor Relations (866) 527-4264
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