Kbs Real Estate Invt Tr Iii Inc. · OTC:KBSR
Kbs Real Estate Invt Tr Iii — KBS Real Estate Investment Trust III — Corporate Update (May 2022)
15 slides from Kbs Real Estate Invt Tr Iii's corporate update, May 26, 2022
Slide 1: Portfolio Update Webcast
Portfolio Update Webcast May 26, 2022 Exhibit 99.1
Slide 2: Important Disclosures
W W W . K B S . C O M The information contained herein should be read in conjunction with, and is qualified by, the information in KBS Real Estate Investment Trust III’s (the “Company” or “KBS REIT III”) Annual Report on Form 10-K for the year ended December 31, 2021 (the “Annual Report”), and in th
Slide 3: Important Disclosures (cont.)
W W W . K B S . C O M Important Disclosures (cont.) The Company may fund distributions from any source including, without limitation, from offering proceeds or borrowings. Distributions paid through March 31, 2022 have been funded with cash flow from operating activities, debt financing and proceeds
Slide 4: REIT III Property Map
W W W . K B S . C O M REIT III Property Map 4
Slide 5: Fund and Portfolio Overview
Fund and Portfolio Overview 5
Slide 6: Statistics for the Current Portfolio
W W W . K B S . C O M Nashville Area Salt Lake City Kansas City Atlanta Austin Minneapolis Charlotte Washington D.C. Metro (2 Properties) Dallas (3 Properties) 2% 5% 3% 5% 5% 6% 8% 16% San Jose (2 Properties) 14% Chicago17% Statistics for the Current Portfolio 1 Current portfolio of 17 properties as
Slide 7: Distributions
W W W . K B S . C O M 7 Distributions Distribution History: *On an annualized basis. Distributions for May 2022 have been declared but not yet paid. January 2021 – May 2022* $0.60/share* As a result of the strength and diversity of the tenant base within the Company’s real estate portfolio, to date
Slide 8: Investment Trust III Portfolio Updates
Investment Trust Ill 2 a 3 (4 KBS Portfolio Updates
Slide 9: Property Update: 3001 and 3003 Washington
W W W . K B S . C O M 9 Property Update • KBS was successful in negotiating an early renewal of the properties’ second-largest tenant, FP1 Strategies for 29,849 square feet at 3001 Washington and at the same time signing an expansion lease with the same firm at neighboring 3003 Washington for 21,650
Slide 10: Property Update
W W W . K B S . C O M 10 Property Update • KBS recently completed a successful 12-month repositioning, investing in (i) 2 floors of Spec Suites and (ii) upgrades to the 1st and 2nd floor common areas, including elevator lobbies, restrooms, coffee bar and a tenant café. • These investments resulted i
Slide 11: Property Update: Accenture Tower, Chicago
W W W . K B S . C O M 11 Property Update • This property is Chicago’s largest Class A, LEED Gold-Certified building, and has twice won “Building of the Year” from The Building Owners and Managers Association. • This property is located in the West Loop submarket, the preeminent submarket within the
Slide 12: Property Update
W W W . K B S . C O M 12 Property Update • KBS was successful with an early seven-year extension of Bridge Bank for 52,000 square feet. • The Bridge Bank lease demonstrates a tenant’s commitment to this great property despite work-from-home headlines in the Bay area. • The three-building property is
Slide 13: Real Estate Investment Trust III Strategic Plan Update
Real Estate Investment Trust Ill Strategic Plan Update
Slide 14: REIT III 2022 Goals & Objectives
W W W . K B S . C O M REIT III 2022 Goals & Objectives 14 Distribute operating cash flows to stockholders Maintain a substantial amount of liquidity in the REIT in order to continue to enhance asset values and provide stockholder liquidity Continue to monitor the properties in the portfolio for any
Slide 15: Q&A
15 Q&A For additional questions, contact KBS Capital Markets Group Investor Relations (866) 527-4264
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