2019 Form 10-K Financial Statement

#000148243020000013 Filed on March 06, 2020

View on sec.gov

Income Statement

Concept 2019 2018 Q4 2018 Q3
Revenue $385.3M $108.4M $106.1M
YoY Change -9.62% 5.13% 3.5%
Cost Of Revenue $179.9M
YoY Change -9.3%
Gross Profit $205.4M
YoY Change -9.89%
Gross Profit Margin 53.31%
Selling, General & Admin $8.418M
YoY Change -12.29%
% of Gross Profit 4.1%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $141.1M $40.82M
YoY Change -11.17% -0.79%
% of Gross Profit 68.7%
Operating Expenses $149.5M
YoY Change -11.23%
Operating Profit $55.88M
YoY Change -6.08%
Interest Expense $114.3M $16.60M
YoY Change 58.31% 7.37%
% of Operating Profit 204.55%
Other Income/Expense, Net $328.3M
YoY Change 1948.95%
Pretax Income $261.2M
YoY Change 7790.73%
Income Tax
% Of Pretax Income
Net Earnings $261.2M -$26.98M -$4.070M
YoY Change 7751.25% -2537.4% 29.17%
Net Earnings / Revenue 67.8% -24.9% -3.83%
Basic Earnings Per Share $1.49
Diluted Earnings Per Share $1.49
COMMON SHARES
Basic Shares Outstanding 174.9M shares 177.2M shares 176.1M shares
Diluted Shares Outstanding 174.9M shares

Balance Sheet

Concept 2019 2018 Q4 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $43.98M
YoY Change -41.37%
Cash & Equivalents $43.98M $75.02M $78.19M
Short-Term Investments
Other Short-Term Assets $76.65M
YoY Change -10.5%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $204.1M
YoY Change -21.23%
LONG-TERM ASSETS
Property, Plant & Equipment $2.176B
YoY Change -28.35%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $253.4M $0.00 $34.66M
YoY Change -100.0%
Other Assets $5.288M
YoY Change 420.99%
Total Long-Term Assets $2.435B
YoY Change -19.95%
TOTAL ASSETS
Total Short-Term Assets $204.1M
Total Long-Term Assets $2.435B
Total Assets $2.639B $3.301B $3.237B
YoY Change -20.05% 2.48% 1.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $71.38M
YoY Change 6.12%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $88.66M
YoY Change 9.09%
LONG-TERM LIABILITIES
Long-Term Debt $1.460B
YoY Change -34.13%
Other Long-Term Liabilities $53.38M
YoY Change 11.32%
Total Long-Term Liabilities $1.513B
YoY Change -33.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $88.66M
Total Long-Term Liabilities $1.513B
Total Liabilities $1.602B $2.345B $2.217B
YoY Change -31.7% 11.66% 9.02%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $1.775M $1.764M
YoY Change -1.88% -2.05%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.037B $930.6M $979.6M
YoY Change
Total Liabilities & Shareholders Equity $2.639B $3.301B $3.237B
YoY Change -20.05% 2.48% 1.38%

Cashflow Statement

Concept 2019 2018 Q4 2018 Q3
OPERATING ACTIVITIES
Net Income $261.2M -$26.98M -$4.070M
YoY Change 7751.25% -2537.4% 29.17%
Depreciation, Depletion And Amortization $141.1M $40.82M
YoY Change -11.17% -0.79%
Cash From Operating Activities $70.63M
YoY Change -30.02%
INVESTING ACTIVITIES
Capital Expenditures -$21.71M
YoY Change -36.59%
Acquisitions
YoY Change
Other Investing Activities $868.6M
YoY Change -1340.35%
Cash From Investing Activities $846.9M
YoY Change -912.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $101.0M
YoY Change 5.13%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$944.3M
YoY Change -6903.0%
NET CHANGE
Cash From Operating Activities $70.63M
Cash From Investing Activities $846.9M
Cash From Financing Activities -$944.3M
Net Change In Cash -$26.77M
YoY Change -353.66%
FREE CASH FLOW
Cash From Operating Activities $70.63M
Capital Expenditures -$21.71M
Free Cash Flow $92.33M
YoY Change -31.68%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2019 dei Amendment Flag
AmendmentFlag
false
CY2019 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2019
CY2019 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2019 dei Entity Central Index Key
EntityCentralIndexKey
0001482430
CY2019 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2019Q2 dei Entity Public Float
EntityPublicFloat
0 USD
CY2019 kbsriii Periodof Increaseor Decreaseof Funding Availablefor Redemption
PeriodofIncreaseorDecreaseofFundingAvailableforRedemption
P10D
CY2019 dei Document Type
DocumentType
10-K
CY2019 dei Document Annual Report
DocumentAnnualReport
true
CY2019 dei Document Period End Date
DocumentPeriodEndDate
2019-12-31
CY2019 dei Document Transition Report
DocumentTransitionReport
false
CY2019 dei Entity File Number
EntityFileNumber
000-54687
CY2019 dei Entity Registrant Name
EntityRegistrantName
KBS REAL ESTATE INVESTMENT TRUST III, INC.
CY2019 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MD
CY2019 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
27-1627696
CY2019 dei Entity Address Address Line1
EntityAddressAddressLine1
800 Newport Center Drive
CY2019 dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 700
CY2019 dei Entity Address City Or Town
EntityAddressCityOrTown
Newport Beach
CY2019 dei Entity Address State Or Province
EntityAddressStateOrProvince
CA
CY2019 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
92660
CY2019 dei City Area Code
CityAreaCode
949
CY2019 dei Local Phone Number
LocalPhoneNumber
417-6500
CY2019 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2019 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2019 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2019 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2019 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2019 dei Entity Small Business
EntitySmallBusiness
false
CY2019 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2019 dei Entity Shell Company
EntityShellCompany
false
CY2020Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
181534999 shares
CY2019Q4 us-gaap Land
Land
308920000 USD
CY2018Q4 us-gaap Land
Land
309778000 USD
CY2019Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
2092928000 USD
CY2018Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
2027186000 USD
CY2019Q4 kbsriii Tenant Origination And Absorption Costs Gross
TenantOriginationAndAbsorptionCostsGross
95808000 USD
CY2018Q4 kbsriii Tenant Origination And Absorption Costs Gross
TenantOriginationAndAbsorptionCostsGross
131969000 USD
CY2019Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2497656000 USD
CY2018Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2468933000 USD
CY2019Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
444299000 USD
CY2018Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
386417000 USD
CY2019Q4 kbsriii Real Estate Investment Property Excluding Held Foe Sale
RealEstateInvestmentPropertyExcludingHeldFoeSale
2053357000 USD
CY2018Q4 kbsriii Real Estate Investment Property Excluding Held Foe Sale
RealEstateInvestmentPropertyExcludingHeldFoeSale
2082516000 USD
CY2019Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
122264000 USD
CY2018Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
954005000 USD
CY2019Q4 kbsriii Total Real Estate
TotalRealEstate
2175621000 USD
CY2018Q4 kbsriii Total Real Estate
TotalRealEstate
3036521000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
43984000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
75023000 USD
CY2019Q4 us-gaap Restricted Cash
RestrictedCash
5288000 USD
CY2018Q4 us-gaap Restricted Cash
RestrictedCash
1015000 USD
CY2019Q4 us-gaap Equity Method Investments
EquityMethodInvestments
253371000 USD
CY2018Q4 us-gaap Equity Method Investments
EquityMethodInvestments
0 USD
CY2019Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
83446000 USD
CY2018Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
68299000 USD
CY2019Q4 kbsriii Above Market Leases Net
AboveMarketLeasesNet
566000 USD
CY2018Q4 kbsriii Above Market Leases Net
AboveMarketLeasesNet
1014000 USD
CY2019Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
0 USD
CY2018Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
49918000 USD
CY2019Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
76651000 USD
CY2018Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
69001000 USD
CY2019Q4 us-gaap Assets
Assets
2638927000 USD
CY2018Q4 us-gaap Assets
Assets
3300791000 USD
CY2019Q4 kbsriii Notes Payable Excluding Notes Payable For Real Estate Held For Sale
NotesPayableExcludingNotesPayableForRealEstateHeldForSale
1459879000 USD
CY2018Q4 kbsriii Notes Payable Excluding Notes Payable For Real Estate Held For Sale
NotesPayableExcludingNotesPayableForRealEstateHeldForSale
1567198000 USD
CY2019Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
0 USD
CY2018Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
617340000 USD
CY2019Q4 us-gaap Notes Payable
NotesPayable
1459879000 USD
CY2018Q4 us-gaap Notes Payable
NotesPayable
2184538000 USD
CY2019Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
71381000 USD
CY2018Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
67265000 USD
CY2019Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
7886000 USD
CY2018Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
4209000 USD
CY2019Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
9392000 USD
CY2018Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
9801000 USD
CY2019Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
9849000 USD
CY2018Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
13660000 USD
CY2019Q4 kbsriii Liabilities Related To Real Estate Held For Sale
LiabilitiesRelatedToRealEstateHeldForSale
0 USD
CY2018Q4 kbsriii Liabilities Related To Real Estate Held For Sale
LiabilitiesRelatedToRealEstateHeldForSale
3893000 USD
CY2019Q4 kbsriii Redeemable Common Stock
RedeemableCommonStock
0 USD
CY2018Q4 kbsriii Redeemable Common Stock
RedeemableCommonStock
31647000 USD
CY2019Q4 us-gaap Other Liabilities
OtherLiabilities
43526000 USD
CY2018Q4 us-gaap Other Liabilities
OtherLiabilities
30396000 USD
CY2019Q4 us-gaap Liabilities
Liabilities
1601913000 USD
CY2018Q4 us-gaap Liabilities
Liabilities
2345409000 USD
CY2019Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2018Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2019Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
51704000 USD
CY2018Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
24487000 USD
CY2019Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2018Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2019Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2018Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2018Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2019Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2018Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2019Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2019Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2018Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2019Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2018Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2018Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2019Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
180970743 shares
CY2019Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
180970743 shares
CY2018Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
177523853 shares
CY2018Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
177523853 shares
CY2019Q4 us-gaap Common Stock Value
CommonStockValue
1810000 USD
CY2018Q4 us-gaap Common Stock Value
CommonStockValue
1775000 USD
CY2019Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
1600416000 USD
CY2018Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
1555380000 USD
CY2019Q4 us-gaap Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
617171000 USD
CY2018Q4 us-gaap Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
626543000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
985055000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
930612000 USD
CY2019Q4 us-gaap Minority Interest
MinorityInterest
255000 USD
CY2018Q4 us-gaap Minority Interest
MinorityInterest
283000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
985310000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
930895000 USD
CY2019Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2638927000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3300791000 USD
CY2019 us-gaap Lease Income
LeaseIncome
355438000 USD
CY2018 us-gaap Lease Income
LeaseIncome
393121000 USD
CY2017 us-gaap Lease Income
LeaseIncome
382578000 USD
CY2019 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
29834000 USD
CY2018 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
33136000 USD
CY2017 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
31471000 USD
CY2019 us-gaap Revenues
Revenues
385272000 USD
CY2018 us-gaap Revenues
Revenues
426257000 USD
CY2017 us-gaap Revenues
Revenues
414049000 USD
CY2019 us-gaap Cost Of Other Property Operating Expense
CostOfOtherPropertyOperatingExpense
92271000 USD
CY2018 us-gaap Cost Of Other Property Operating Expense
CostOfOtherPropertyOperatingExpense
101759000 USD
CY2017 us-gaap Cost Of Other Property Operating Expense
CostOfOtherPropertyOperatingExpense
97477000 USD
CY2019 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
62989000 USD
CY2018 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
69405000 USD
CY2017 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
65325000 USD
CY2019 us-gaap Affiliate Costs
AffiliateCosts
24614000 USD
CY2018 us-gaap Affiliate Costs
AffiliateCosts
27152000 USD
CY2017 us-gaap Affiliate Costs
AffiliateCosts
25905000 USD
CY2019 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8418000 USD
CY2018 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9597000 USD
CY2017 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4723000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
141102000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
158847000 USD
CY2017 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
164289000 USD
CY2019 us-gaap Interest Expense
InterestExpense
114272000 USD
CY2018 us-gaap Interest Expense
InterestExpense
72209000 USD
CY2017 us-gaap Interest Expense
InterestExpense
55008000 USD
CY2019 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
8706000 USD
CY2018 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2017 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2019 us-gaap Costs And Expenses
CostsAndExpenses
452372000 USD
CY2018 us-gaap Costs And Expenses
CostsAndExpenses
438969000 USD
CY2017 us-gaap Costs And Expenses
CostsAndExpenses
412727000 USD
CY2019 kbsriii Otherincome Other
OtherincomeOther
4089000 USD
CY2018 kbsriii Otherincome Other
OtherincomeOther
1905000 USD
CY2017 kbsriii Otherincome Other
OtherincomeOther
649000 USD
CY2019 us-gaap Investment Income Interest
InvestmentIncomeInterest
655000 USD
CY2018 us-gaap Investment Income Interest
InvestmentIncomeInterest
312000 USD
CY2017 us-gaap Investment Income Interest
InvestmentIncomeInterest
170000 USD
CY2019 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1443000 USD
CY2018 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2088000 USD
CY2017 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1000 USD
CY2019 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-2229000 USD
CY2018 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-225000 USD
CY2017 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-766000 USD
CY2019 kbsriii Gain Loss On Sale Of Real Estate
GainLossOnSaleOfRealEstate
327211000 USD
CY2018 kbsriii Gain Loss On Sale Of Real Estate
GainLossOnSaleOfRealEstate
11942000 USD
CY2017 kbsriii Gain Loss On Sale Of Real Estate
GainLossOnSaleOfRealEstate
0 USD
CY2019 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
328283000 USD
CY2018 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
16022000 USD
CY2017 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
52000 USD
CY2019 us-gaap Profit Loss
ProfitLoss
261183000 USD
CY2018 us-gaap Profit Loss
ProfitLoss
3310000 USD
CY2017 us-gaap Profit Loss
ProfitLoss
1374000 USD
CY2019 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-28000 USD
CY2018 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-17000 USD
CY2017 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
261211000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
3327000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
1374000 USD
CY2019 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.49
CY2018 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.02
CY2017 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.01
CY2019 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
174874422 shares
CY2018 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
177594478 shares
CY2017 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
181138045 shares
CY2019 us-gaap Profit Loss
ProfitLoss
261183000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
3327000 USD
CY2017 us-gaap Profit Loss
ProfitLoss
1374000 USD
CY2019 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
0 USD
CY2018 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
95000 USD
CY2017 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
900000 USD
CY2019 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
0 USD
CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
205000 USD
CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-1508000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-110000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2408000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
261183000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
3217000 USD
CY2017 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
3782000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-28000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-17000 USD
CY2017 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
0 USD
CY2019 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
261211000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3234000 USD
CY2017 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3782000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1193376000 USD
CY2017 us-gaap Profit Loss
ProfitLoss
1374000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2408000 USD
CY2017 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
59785000 USD
CY2017 kbsriii Adjustments To Additional Paid In Capital Transfers From Redeemable Common Stock
AdjustmentsToAdditionalPaidInCapitalTransfersFromRedeemableCommonStock
2086000 USD
CY2017 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
61871000 USD
CY2019 us-gaap Dividends Common Stock
DividendsCommonStock
161887000 USD
CY2017 us-gaap Dividends Common Stock
DividendsCommonStock
117738000 USD
CY2017 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
12000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1079408000 USD
CY2018 us-gaap Profit Loss
ProfitLoss
3310000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-110000 USD
CY2018 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
56136000 USD
CY2018 kbsriii Adjustments To Additional Paid In Capital Transfers From Redeemable Common Stock
AdjustmentsToAdditionalPaidInCapitalTransfersFromRedeemableCommonStock
3649000 USD
CY2018 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
96064000 USD
CY2018 us-gaap Dividends Common Stock
DividendsCommonStock
115419000 USD
CY2018 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
15000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
930895000 USD
CY2019 us-gaap Profit Loss
ProfitLoss
261183000 USD
CY2019 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
51704000 USD
CY2019 kbsriii Adjustments To Additional Paid In Capital Transfers From Redeemable Common Stock
AdjustmentsToAdditionalPaidInCapitalTransfersFromRedeemableCommonStock
4427000 USD
CY2019 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
100996000 USD
CY2019 us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
0 USD
CY2019 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
16000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
985310000 USD
CY2019 us-gaap Profit Loss
ProfitLoss
261183000 USD
CY2018 us-gaap Profit Loss
ProfitLoss
3310000 USD
CY2017 us-gaap Profit Loss
ProfitLoss
1374000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
141102000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
158847000 USD
CY2017 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
164289000 USD
CY2019 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
8706000 USD
CY2018 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2017 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2019 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1443000 USD
CY2018 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2088000 USD
CY2017 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1000 USD
CY2019 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
6224000 USD
CY2018 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
9063000 USD
CY2017 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
12402000 USD
CY2019 kbsriii Real Estate Loss Dueto Property Damages
RealEstateLossDuetoPropertyDamages
0 USD
CY2018 kbsriii Real Estate Loss Dueto Property Damages
RealEstateLossDuetoPropertyDamages
0 USD
CY2017 kbsriii Real Estate Loss Dueto Property Damages
RealEstateLossDuetoPropertyDamages
8401000 USD
CY2019 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
CY2018 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1230000 USD
CY2017 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1863000 USD
CY2019 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-3515000 USD
CY2018 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-5350000 USD
CY2017 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-6710000 USD
CY2019 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
5385000 USD
CY2018 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
6356000 USD
CY2017 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4952000 USD
CY2019 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-2229000 USD
CY2018 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-225000 USD
CY2017 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-766000 USD
CY2019 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
-35664000 USD
CY2018 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
11192000 USD
CY2017 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
10509000 USD
CY2019 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
327211000 USD
CY2018 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
11942000 USD
CY2017 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0 USD
CY2019 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
10600000 USD
CY2018 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
11230000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
5220000 USD
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
32947000 USD
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
21476000 USD
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
25126000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-933000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1236000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
5373000 USD
CY2019 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-7114000 USD
CY2018 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1154000 USD
CY2017 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-2731000 USD
CY2019 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
3460000 USD
CY2018 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
910000 USD
CY2017 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
118000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
70628000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
100927000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
124439000 USD
CY2019 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
79931000 USD
CY2018 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
88721000 USD
CY2017 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
81949000 USD
CY2019 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
931489000 USD
CY2018 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
41649000 USD
CY2017 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
0 USD
CY2019 kbsriii Proceeds From Sale Equity Securities Fvni
ProceedsFromSaleEquitySecuritiesFVNI
16186000 USD
CY2018 kbsriii Proceeds From Sale Equity Securities Fvni
ProceedsFromSaleEquitySecuritiesFVNI
0 USD
CY2017 kbsriii Proceeds From Sale Equity Securities Fvni
ProceedsFromSaleEquitySecuritiesFVNI
0 USD
CY2019 us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
21706000 USD
CY2018 us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
34229000 USD
CY2017 us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
45734000 USD
CY2019 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0 USD
CY2018 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
426000 USD
CY2017 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
33708000 USD
CY2019 kbsriii Payments Of Post Closing Acquisition Costs
PaymentsOfPostClosingAcquisitionCosts
1014000 USD
CY2018 kbsriii Payments Of Post Closing Acquisition Costs
PaymentsOfPostClosingAcquisitionCosts
0 USD
CY2017 kbsriii Payments Of Post Closing Acquisition Costs
PaymentsOfPostClosingAcquisitionCosts
0 USD
CY2019 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
0 USD
CY2018 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
28268000 USD
CY2017 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
0 USD
CY2019 kbsriii Escrow Deposits Relatedto Tenant Improvements
EscrowDepositsRelatedtoTenantImprovements
-972000 USD
CY2018 kbsriii Escrow Deposits Relatedto Tenant Improvements
EscrowDepositsRelatedtoTenantImprovements
-1111000 USD
CY2017 kbsriii Escrow Deposits Relatedto Tenant Improvements
EscrowDepositsRelatedtoTenantImprovements
2084000 USD
CY2019 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
867000 USD
CY2018 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
4629000 USD
CY2017 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
0 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
846863000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-104255000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-163475000 USD
CY2019 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
377589000 USD
CY2018 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
507909000 USD
CY2017 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
942184000 USD
CY2019 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1107369000 USD
CY2018 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
335243000 USD
CY2017 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
778670000 USD
CY2019 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2609000 USD
CY2018 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
3243000 USD
CY2017 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
11206000 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
100996000 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
96064000 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
61871000 USD
CY2019 kbsriii Payments Of Prepaid Other Offering Costs
PaymentsOfPrepaidOtherOfferingCosts
264000 USD
CY2018 kbsriii Payments Of Prepaid Other Offering Costs
PaymentsOfPrepaidOtherOfferingCosts
0 USD
CY2017 kbsriii Payments Of Prepaid Other Offering Costs
PaymentsOfPrepaidOtherOfferingCosts
0 USD
CY2019 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
16000 USD
CY2018 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
15000 USD
CY2017 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
12000 USD
CY2019 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
110592000 USD
CY2018 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
59464000 USD
CY2017 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
57971000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-944257000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
13880000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
32454000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-26766000 USD
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
10552000 USD
CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6582000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
76038000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
65486000 USD
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
72068000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
49272000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
76038000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
65486000 USD
CY2019 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1711000 USD
CY2018 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
2832000 USD
CY2017 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
2433000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
75471000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
76107000 USD
CY2017 us-gaap Interest Paid Net
InterestPaidNet
58472000 USD
CY2019 kbsriii Non Cash Shares Received In Connection With Transaction
NonCashSharesReceivedInConnectionWithTransaction
271000000 USD
CY2018 kbsriii Non Cash Shares Received In Connection With Transaction
NonCashSharesReceivedInConnectionWithTransaction
0 USD
CY2017 kbsriii Non Cash Shares Received In Connection With Transaction
NonCashSharesReceivedInConnectionWithTransaction
0 USD
CY2019 kbsriii Non Cash Increase Decrease In Distributions Payable
NonCashIncreaseDecreaseInDistributionsPayable
9392000 USD
CY2018 kbsriii Non Cash Increase Decrease In Distributions Payable
NonCashIncreaseDecreaseInDistributionsPayable
9801000 USD
CY2017 kbsriii Non Cash Increase Decrease In Distributions Payable
NonCashIncreaseDecreaseInDistributionsPayable
9982000 USD
CY2019 kbsriii Distributions Paid To Common Stockholders Through Common Stock Issuances Pursuant To Dividend Reinvestment Plan
DistributionsPaidToCommonStockholdersThroughCommonStockIssuancesPursuantToDividendReinvestmentPlan
51704000 USD
CY2018 kbsriii Distributions Paid To Common Stockholders Through Common Stock Issuances Pursuant To Dividend Reinvestment Plan
DistributionsPaidToCommonStockholdersThroughCommonStockIssuancesPursuantToDividendReinvestmentPlan
56136000 USD
CY2017 kbsriii Distributions Paid To Common Stockholders Through Common Stock Issuances Pursuant To Dividend Reinvestment Plan
DistributionsPaidToCommonStockholdersThroughCommonStockIssuancesPursuantToDividendReinvestmentPlan
59785000 USD
CY2019 kbsriii Noncash Increaseinredeemablecommonstock
NoncashIncreaseinredeemablecommonstock
0 USD
CY2018 kbsriii Noncash Increaseinredeemablecommonstock
NoncashIncreaseinredeemablecommonstock
31647000 USD
CY2017 kbsriii Noncash Increaseinredeemablecommonstock
NoncashIncreaseinredeemablecommonstock
18869000 USD
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
26310000 USD
CY2018 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
17426000 USD
CY2017 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
24731000 USD
CY2019 kbsriii Increasein Construction In Progress Payable
IncreaseinConstructionInProgressPayable
2144000 USD
CY2018 kbsriii Increasein Construction In Progress Payable
IncreaseinConstructionInProgressPayable
5148000 USD
CY2017 kbsriii Increasein Construction In Progress Payable
IncreaseinConstructionInProgressPayable
4360000 USD
CY2019 kbsriii Increaseinconstructioninprogressduetoaffiliate
Increaseinconstructioninprogressduetoaffiliate
1133000 USD
CY2018 kbsriii Increaseinconstructioninprogressduetoaffiliate
Increaseinconstructioninprogressduetoaffiliate
916000 USD
CY2017 kbsriii Increaseinconstructioninprogressduetoaffiliate
Increaseinconstructioninprogressduetoaffiliate
566000 USD
CY2019 kbsriii Increase In Acquisition Fees Due To Affiliate
IncreaseInAcquisitionFeesDueToAffiliate
0 USD
CY2018 kbsriii Increase In Acquisition Fees Due To Affiliate
IncreaseInAcquisitionFeesDueToAffiliate
0 USD
CY2017 kbsriii Increase In Acquisition Fees Due To Affiliate
IncreaseInAcquisitionFeesDueToAffiliate
290000 USD
CY2019 kbsriii Realestateconsolidatedinconnectionwithjointventurepurchase
Realestateconsolidatedinconnectionwithjointventurepurchase
0 USD
CY2018 kbsriii Realestateconsolidatedinconnectionwithjointventurepurchase
Realestateconsolidatedinconnectionwithjointventurepurchase
132100000 USD
CY2017 kbsriii Realestateconsolidatedinconnectionwithjointventurepurchase
Realestateconsolidatedinconnectionwithjointventurepurchase
0 USD
CY2019 kbsriii Notepayableassumedinconnectionwithjointventurepurchase
Notepayableassumedinconnectionwithjointventurepurchase
0 USD
CY2018 kbsriii Notepayableassumedinconnectionwithjointventurepurchase
Notepayableassumedinconnectionwithjointventurepurchase
66570000 USD
CY2017 kbsriii Notepayableassumedinconnectionwithjointventurepurchase
Notepayableassumedinconnectionwithjointventurepurchase
0 USD
CY2019 kbsriii Liabilitiesassumedinconnectionwithjointventurepurchase
Liabilitiesassumedinconnectionwithjointventurepurchase
0 USD
CY2018 kbsriii Liabilitiesassumedinconnectionwithjointventurepurchase
Liabilitiesassumedinconnectionwithjointventurepurchase
3173000 USD
CY2017 kbsriii Liabilitiesassumedinconnectionwithjointventurepurchase
Liabilitiesassumedinconnectionwithjointventurepurchase
0 USD
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
332600000 USD
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
311400000 USD
CY2014Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
258462 shares
CY2014Q4 us-gaap Common Stock Value
CommonStockValue
2400000 USD
CY2017Q4 kbsriii Estimated Value Per Share Of Companys Common Stock
EstimatedValuePerShareOfCompanysCommonStock
11.73
CY2019 us-gaap Use Of Estimates
UseOfEstimates
The preparation of the consolidated financial statements and accompanying notes thereto in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could materially differ from those estimates.
CY2019 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="text-indent:22.5pt;margin-bottom:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Certain amounts in the Company’s prior period consolidated financial statements have been reclassified to conform to the current period presentation. These reclassifications have not changed the results of operations of prior periods. Upon adoption of the lease accounting standards of Topic 842 on January 1, 2019 (described below), the Company accounted for tenant reimbursements for property taxes, insurance and common area maintenance as variable lease payments and recorded these amounts as rental income on the statement of operations. For the years ended December 31, 2018 and 2017, the Company reclassified $72.2 million and $68.0 million, respectively, of tenant reimbursement revenue for property taxes, insurance, and common area maintenance to rental income for comparability purposes.</span></div><div style="text-indent:22.5pt;margin-bottom:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">In addition, during the year ended December 31, 2019, the Company sold 11 office properties and classified one multifamily apartment complex as held for sale.</span><span style="background-color:rgb(255,255,255, 0.0);color:#ff0000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;"> </span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">As a result, certain assets and liabilities related to these properties were reclassified to held for sale on the consolidated balance sheets for all periods presented.</span></div>
CY2019 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
8700000 USD
CY2019 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
8700000 USD
CY2018 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2017 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2019Q4 kbsriii Dividend Reinvestment Plan Purchase Price Per Shareas Percentof Estimated Value
DividendReinvestmentPlanPurchasePricePerShareasPercentofEstimatedValue
0.95
CY2018Q1 kbsriii Dividend Reinvestment Plan Purchase Price Per Share
DividendReinvestmentPlanPurchasePricePerShare
11.15
CY2018Q4 kbsriii Estimated Value Per Share Of Companys Common Stock
EstimatedValuePerShareOfCompanysCommonStock
12.02
CY2019Q1 kbsriii Dividend Reinvestment Plan Purchase Price Per Share
DividendReinvestmentPlanPurchasePricePerShare
11.42
CY2019Q4 kbsriii Estimated Value Per Share Of Companys Common Stock
EstimatedValuePerShareOfCompanysCommonStock
11.65
CY2019Q4 kbsriii Common Stock Special Dividends Per Share Declared
CommonStockSpecialDividendsPerShareDeclared
0.80
CY2019 kbsriii Periodof Termination Notice
PeriodofTerminationNotice
P10D
CY2019 kbsriii Maximum Percentage Of Weighted Average Shares Outstanding Available For Redemption During Any Calendar Year
MaximumPercentageOfWeightedAverageSharesOutstandingAvailableForRedemptionDuringAnyCalendarYear
0.05
CY2018Q2 kbsriii Redemption Price Percentage Of Most Recent Estimated Value Per Share
RedemptionPricePercentageOfMostRecentEstimatedValuePerShare
0.95
CY2017Q4 kbsriii Estimated Value Per Share Of Companys Common Stock
EstimatedValuePerShareOfCompanysCommonStock
11.73
CY2018Q4 kbsriii Estimated Value Per Share Of Companys Common Stock
EstimatedValuePerShareOfCompanysCommonStock
12.02
CY2019Q4 kbsriii Estimated Value Per Share Of Companys Common Stock
EstimatedValuePerShareOfCompanysCommonStock
11.65
CY2018 kbsriii Funds Availablefor Redemptionof Shares
FundsAvailableforRedemptionofShares
56100000 USD
CY2019Q4 kbsriii Additional Fundsfor Share Redemption
AdditionalFundsforShareRedemption
40000000.0 USD
CY2019 kbsriii Funds Availablefor Redemptionof Shares
FundsAvailableforRedemptionofShares
51700000 USD
CY2019 kbsriii Shareredemptionprogramterminationperiod
Shareredemptionprogramterminationperiod
P10D
CY2019Q4 kbsriii Origination Fee Percent
OriginationFeePercent
0.010
CY2019Q4 kbsriii Non Compounded Returnon Net Invested Capital
NonCompoundedReturnonNetInvestedCapital
0.080
CY2019Q4 kbsriii Non Compounded Returnon Net Invested Capital
NonCompoundedReturnonNetInvestedCapital
0.08
CY2019Q4 kbsriii Non Compounded Returnon Net Invested Capital
NonCompoundedReturnonNetInvestedCapital
0.08
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2017 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2019Q4 kbsriii Common Stock Special Dividends Per Share Declared
CommonStockSpecialDividendsPerShareDeclared
0.80
CY2019Q4 kbsriii Common Stock Special Dividends Paid
CommonStockSpecialDividendsPaid
48500000 USD
CY2019Q4 kbsriii Common Stock Special Dividends Paid Percent
CommonStockSpecialDividendsPaidPercent
0.35
CY2019Q4 kbsriii Stock Issued During Period Shares Special Dividends
StockIssuedDuringPeriodSharesSpecialDividends
90000000.0 shares
CY2019Q4 kbsriii Stock Issued During Period Shares Special Dividends Percent
StockIssuedDuringPeriodSharesSpecialDividendsPercent
0.65
CY2019 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.450
CY2018 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.650
CY2017 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.650
CY2017 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
12400000 USD
kbsriii Common Share Distribution Rate Per Share Per Day Declared
CommonShareDistributionRatePerSharePerDayDeclared
0.00178082
CY2019 kbsriii Common Share Distribution Rate Per Share Per Day Declared
CommonShareDistributionRatePerSharePerDayDeclared
0.05416667
CY2019 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2019Q4 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
7800000 sqft
CY2019Q4 kbsriii Percentage Of Real Estate Portfolio Occupied
PercentageOfRealEstatePortfolioOccupied
0.86
CY2019Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2497656000 USD
CY2019Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
444299000 USD
CY2019Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2053357000 USD
CY2018 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1200000 USD
CY2017 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1900000 USD
CY2018 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
9100000 USD
CY2019 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
6200000 USD
CY2019Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
80000000.0 USD
CY2018Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
62700000 USD
CY2019Q4 us-gaap Incentive To Lessee
IncentiveToLessee
21000000.0 USD
CY2018Q4 us-gaap Incentive To Lessee
IncentiveToLessee
11100000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
218688000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
211002000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
187343000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
160683000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
140664000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
580149000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1498529000 USD
CY2019Q4 kbsriii Number Of Tenants
NumberOfTenants
660 tenant
CY2019 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
8700000 USD
CY2019 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
8700000 USD
CY2018Q4 kbsriii Above Market Leases Accumulated Amortization
AboveMarketLeasesAccumulatedAmortization
2963000 USD
CY2019Q4 kbsriii Off Market Lease Unfavorable Accumulated Amortization
OffMarketLeaseUnfavorableAccumulatedAmortization
15781000 USD
CY2018 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2017 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2019Q4 kbsriii Tenant Origination And Absorption Costs Gross
TenantOriginationAndAbsorptionCostsGross
95808000 USD
CY2018Q4 kbsriii Tenant Origination And Absorption Costs Gross
TenantOriginationAndAbsorptionCostsGross
131969000 USD
CY2019Q4 kbsriii Above Market Leases Gross
AboveMarketLeasesGross
2661000 USD
CY2018Q4 kbsriii Above Market Leases Gross
AboveMarketLeasesGross
3977000 USD
CY2019Q4 kbsriii Off Market Lease Unfavorable Gross
OffMarketLeaseUnfavorableGross
25630000 USD
CY2018Q4 kbsriii Off Market Lease Unfavorable Gross
OffMarketLeaseUnfavorableGross
31046000 USD
CY2019Q4 kbsriii Tenant Origination And Absorption Costs Accumulated Amortization
TenantOriginationAndAbsorptionCostsAccumulatedAmortization
56886000 USD
CY2018Q4 kbsriii Tenant Origination And Absorption Costs Accumulated Amortization
TenantOriginationAndAbsorptionCostsAccumulatedAmortization
77447000 USD
CY2019Q4 kbsriii Above Market Leases Accumulated Amortization
AboveMarketLeasesAccumulatedAmortization
2095000 USD
CY2018Q4 kbsriii Off Market Lease Unfavorable Accumulated Amortization
OffMarketLeaseUnfavorableAccumulatedAmortization
17386000 USD
CY2019Q4 kbsriii Tenant Origination And Absorption Costs Net
TenantOriginationAndAbsorptionCostsNet
38922000 USD
CY2018Q4 kbsriii Tenant Origination And Absorption Costs Net
TenantOriginationAndAbsorptionCostsNet
54522000 USD
CY2019Q4 kbsriii Above Market Leases Net
AboveMarketLeasesNet
566000 USD
CY2018Q4 kbsriii Above Market Leases Net
AboveMarketLeasesNet
1014000 USD
CY2019Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
9849000 USD
CY2018Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
13660000 USD
CY2019 kbsriii Tenant Origination And Absorption Costs Amortization Expense
TenantOriginationAndAbsorptionCostsAmortizationExpense
21072000 USD
CY2018 kbsriii Tenant Origination And Absorption Costs Amortization Expense
TenantOriginationAndAbsorptionCostsAmortizationExpense
31201000 USD
CY2017 kbsriii Tenant Origination And Absorption Costs Amortization Expense
TenantOriginationAndAbsorptionCostsAmortizationExpense
41090000 USD
CY2019 kbsriii Above Market Leases Amortization Expense
AboveMarketLeasesAmortizationExpense
955000 USD
CY2018 kbsriii Above Market Leases Amortization Expense
AboveMarketLeasesAmortizationExpense
1712000 USD
CY2017 kbsriii Above Market Leases Amortization Expense
AboveMarketLeasesAmortizationExpense
2285000 USD
CY2019 kbsriii Off Market Lease Unfavorable Amortization Expense
OffMarketLeaseUnfavorableAmortizationExpense
4470000 USD
CY2018 kbsriii Off Market Lease Unfavorable Amortization Expense
OffMarketLeaseUnfavorableAmortizationExpense
7062000 USD
CY2017 kbsriii Off Market Lease Unfavorable Amortization Expense
OffMarketLeaseUnfavorableAmortizationExpense
8995000 USD
CY2019Q4 us-gaap Below Market Lease Amortization Income Next Twelve Months
BelowMarketLeaseAmortizationIncomeNextTwelveMonths
2924000 USD
CY2019Q4 us-gaap Below Market Lease Amortization Income Year Two
BelowMarketLeaseAmortizationIncomeYearTwo
2681000 USD
CY2019Q4 us-gaap Below Market Lease Amortization Income Year Three
BelowMarketLeaseAmortizationIncomeYearThree
1910000 USD
CY2019Q4 us-gaap Below Market Lease Amortization Income Year Four
BelowMarketLeaseAmortizationIncomeYearFour
1256000 USD
CY2019Q4 us-gaap Below Market Lease Amortization Income Year Five
BelowMarketLeaseAmortizationIncomeYearFive
534000 USD
CY2019Q4 us-gaap Below Market Lease Amortization Income After Year Five
BelowMarketLeaseAmortizationIncomeAfterYearFive
544000 USD
CY2019Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
9849000 USD
CY2018 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2100000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1466376000 USD
CY2018Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2196154000 USD
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6497000 USD
CY2018Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
11616000 USD
CY2019Q4 us-gaap Notes Payable
NotesPayable
1459879000 USD
CY2018Q4 us-gaap Notes Payable
NotesPayable
2184538000 USD
CY2019 us-gaap Interest Expense
InterestExpense
114300000 USD
CY2018 us-gaap Interest Expense
InterestExpense
72200000 USD
CY2017 us-gaap Interest Expense
InterestExpense
55000000.0 USD
CY2019 kbsriii Derivatives Increase Decrease Interest Expense
DerivativesIncreaseDecreaseInterestExpense
33100000 USD
CY2018 kbsriii Derivatives Increase Decrease Interest Expense
DerivativesIncreaseDecreaseInterestExpense
11100000 USD
CY2017 kbsriii Derivatives Increase Decrease Interest Expense
DerivativesIncreaseDecreaseInterestExpense
3100000 USD
CY2019 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1700000 USD
CY2018 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
2800000 USD
CY2017 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
2400000 USD
CY2019Q4 us-gaap Interest Payable Current
InterestPayableCurrent
4500000 USD
CY2018Q4 us-gaap Interest Payable Current
InterestPayableCurrent
6800000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
798018000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
196113000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
93000000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
379245000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
0 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1466376000 USD
CY2019 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-33103000 USD
CY2018 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
11102000 USD
CY2017 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
3116000 USD
CY2019 us-gaap Unrealized Gain Loss On Cash Flow Hedging Instruments
UnrealizedGainLossOnCashFlowHedgingInstruments
0 USD
CY2019 us-gaap Unrealized Gain Loss On Cash Flow Hedging Instruments
UnrealizedGainLossOnCashFlowHedgingInstruments
0 USD
CY2018 us-gaap Unrealized Gain Loss On Cash Flow Hedging Instruments
UnrealizedGainLossOnCashFlowHedgingInstruments
95000 USD
CY2017 us-gaap Unrealized Gain Loss On Cash Flow Hedging Instruments
UnrealizedGainLossOnCashFlowHedgingInstruments
900000 USD
CY2019Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
1466376000 USD
CY2018Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
2196154000 USD
CY2019 kbsriii Real Estate Properties Measured At Estimated Fair Value
RealEstatePropertiesMeasuredAtEstimatedFairValue
1 property
CY2019 us-gaap Payment For Administrative Fees
PaymentForAdministrativeFees
357000 USD
CY2018 us-gaap Payment For Administrative Fees
PaymentForAdministrativeFees
325000 USD
CY2017 us-gaap Payment For Administrative Fees
PaymentForAdministrativeFees
242000 USD
CY2019Q4 kbsriii Non Compounded Returnon Net Invested Capital
NonCompoundedReturnonNetInvestedCapital
0.08
CY2019Q1 us-gaap Revenues
Revenues
111378000 USD
CY2019Q2 us-gaap Revenues
Revenues
114509000 USD
CY2019Q3 us-gaap Revenues
Revenues
82981000 USD
CY2019Q4 us-gaap Revenues
Revenues
76404000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-26678000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-28115000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
316884000 USD
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
-880000 USD
CY2019Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.15
CY2019Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.16
CY2019Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.82
CY2019Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.02
CY2019Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.163
CY2019Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.163
CY2019Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.163
CY2019Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.961
CY2018Q1 us-gaap Revenues
Revenues
104179000 USD
CY2018Q2 us-gaap Revenues
Revenues
107576000 USD
CY2018Q3 us-gaap Revenues
Revenues
106145000 USD
CY2018Q4 us-gaap Revenues
Revenues
108357000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
16630000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
17749000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
-4070000 USD
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
-26982000 USD
CY2018Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.09
CY2018Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.10
CY2018Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.02
CY2018Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.15
CY2018Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.160
CY2018Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.162
CY2018Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.164
CY2018Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.164
CY2019Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
325937000 USD
CY2019Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
2062955000 USD
CY2019Q4 kbsriii Real Estate And Accumulated Depreciation Initial Cost Of Land And Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfLandAndBuildingsAndImprovements
2388892000 USD
CY2019Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Carrying Costs
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts
236110000 USD
CY2019Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
313103000 USD
CY2019Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
2311899000 USD
CY2019Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
2625002000 USD
CY2019Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
449381000 USD
CY2019Q4 srt Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
2800000000 USD
CY2018Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
3573511000 USD
CY2017Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
3403500000 USD
CY2016Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
3333649000 USD
CY2019 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
0 USD
CY2018 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
132100000 USD
CY2019 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
1011385000 USD
CY2018 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
33581000 USD
CY2017 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
0 USD
CY2019 us-gaap Real Estate Improvements
RealEstateImprovements
102921000 USD
CY2018 us-gaap Real Estate Improvements
RealEstateImprovements
84362000 USD
CY2017 us-gaap Real Estate Improvements
RealEstateImprovements
92003000 USD
CY2019 kbsriii Sec Schedule Iii Real Estate Constructionin Progress
SECScheduleIIIRealEstateConstructioninProgress
19035000 USD
CY2018 kbsriii Sec Schedule Iii Real Estate Constructionin Progress
SECScheduleIIIRealEstateConstructioninProgress
35518000 USD
CY2017 kbsriii Sec Schedule Iii Real Estate Constructionin Progress
SECScheduleIIIRealEstateConstructioninProgress
45973000 USD
CY2019 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
31427000 USD
CY2018 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
48388000 USD
CY2017 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
59724000 USD
CY2019 kbsriii Sec Schedule Iii Real Estate Lossdueto Property Damages
SECScheduleIIIRealEstateLossduetoPropertyDamages
0 USD
CY2018 kbsriii Sec Schedule Iii Real Estate Lossdueto Property Damages
SECScheduleIIIRealEstateLossduetoPropertyDamages
0 USD
CY2017 kbsriii Sec Schedule Iii Real Estate Lossdueto Property Damages
SECScheduleIIIRealEstateLossduetoPropertyDamages
8401000 USD
CY2019 kbsriii Sec Schedule Iii Real Estate Impairments
SECScheduleIIIRealEstateImpairments
27653000 USD
CY2018 kbsriii Sec Schedule Iii Real Estate Impairments
SECScheduleIIIRealEstateImpairments
0 USD
CY2017 kbsriii Sec Schedule Iii Real Estate Impairments
SECScheduleIIIRealEstateImpairments
0 USD
CY2017 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
0 USD
CY2019Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
2625002000 USD
CY2018Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
3573511000 USD
CY2017Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
3403500000 USD
CY2018Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
536990000 USD
CY2017Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
441366000 USD
CY2016Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
344794000 USD
CY2019 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
136040000 USD
CY2018 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
149569000 USD
CY2017 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
156296000 USD
CY2019 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
31427000 USD
CY2018 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
48388000 USD
CY2017 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
59724000 USD
CY2019 kbsriii Sec Schedule Iii Real Estate Accumulated Depreciation Impairments
SECScheduleIIIRealEstateAccumulatedDepreciationImpairments
19163000 USD
CY2018 kbsriii Sec Schedule Iii Real Estate Accumulated Depreciation Impairments
SECScheduleIIIRealEstateAccumulatedDepreciationImpairments
0 USD
CY2017 kbsriii Sec Schedule Iii Real Estate Accumulated Depreciation Impairments
SECScheduleIIIRealEstateAccumulatedDepreciationImpairments
0 USD
CY2019 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
173059000 USD
CY2018 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
5557000 USD
CY2017 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
0 USD
CY2019Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
449381000 USD
CY2018Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
536990000 USD
CY2017Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
441366000 USD

Files In Submission

Name View Source Status
0001482430-20-000013-index-headers.html Edgar Link pending
0001482430-20-000013-index.html Edgar Link pending
0001482430-20-000013.txt Edgar Link pending
0001482430-20-000013-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
kbsriii-20191231.htm Edgar Link pending
kbsriii-20191231.xsd Edgar Link pending
kbsriii-20191231_cal.xml Edgar Link unprocessable
kbsriii-20191231_def.xml Edgar Link unprocessable
kbsriii-20191231_g1.jpg Edgar Link pending
kbsriii-20191231_g2.jpg Edgar Link pending
kbsriii-20191231_g3.jpg Edgar Link pending
kbsriii-20191231_htm.xml Edgar Link completed
kbsriii-20191231_lab.xml Edgar Link unprocessable
kbsriii-20191231_pre.xml Edgar Link unprocessable
kbsriiiq42019ex1048pic.jpg Edgar Link pending
kbsriiiq42019exhibit10.htm Edgar Link pending
kbsriiiq42019exhibit101.htm Edgar Link pending
kbsriiiq42019exhibit1010.htm Edgar Link pending
kbsriiiq42019exhibit1011.htm Edgar Link pending
kbsriiiq42019exhibit102.htm Edgar Link pending
kbsriiiq42019exhibit103.htm Edgar Link pending
kbsriiiq42019exhibit104.htm Edgar Link pending
kbsriiiq42019exhibit105.htm Edgar Link pending
kbsriiiq42019exhibit106.htm Edgar Link pending
kbsriiiq42019exhibit107.htm Edgar Link pending
kbsriiiq42019exhibit108.htm Edgar Link pending
kbsriiiq42019exhibit109.htm Edgar Link pending
kbsriiiq42019exhibit211.htm Edgar Link pending
kbsriiiq42019exhibit231.htm Edgar Link pending
kbsriiiq42019exhibit311.htm Edgar Link pending
kbsriiiq42019exhibit312.htm Edgar Link pending
kbsriiiq42019exhibit321.htm Edgar Link pending
kbsriiiq42019exhibit322.htm Edgar Link pending
kbsriiiq42019exhibit43.htm Edgar Link pending
kbsriiiq42019exhibit992.htm Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending