$KBSR
KBS Real Estate Investment Trust III, Inc.

2021 Q4 Form 10-Q Financial Statement

#000148243021000080 Filed on November 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $75.11M $73.06M $75.50M
YoY Change -3.38% -3.23% -9.01%
Cost Of Revenue $38.72M $37.32M
YoY Change
Gross Profit $36.39M $35.74M
YoY Change
Gross Profit Margin 48.45% 48.91%
Selling, General & Admin $893.0K $1.621M
YoY Change
% of Gross Profit 2.45% 4.54%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $27.37M $28.30M $27.88M
YoY Change 1.5% -6.64%
% of Gross Profit 75.2% 79.18%
Operating Expenses $28.26M $29.92M
YoY Change
Operating Profit $8.133M $5.818M
YoY Change
Interest Expense $16.60M $9.700M $8.900M
YoY Change 8.99% -56.37%
% of Operating Profit 204.11% 166.72%
Other Income/Expense, Net $1.605M $622.0K
YoY Change 158.04% -99.81%
Pretax Income $118.4M -$2.235M
YoY Change
Income Tax
% Of Pretax Income
Net Earnings $118.4M -$2.235M $1.119M
YoY Change -53666.06% -299.73% -99.65%
Net Earnings / Revenue 157.61% -3.06% 1.48%
Basic Earnings Per Share -$0.01 $0.01
Diluted Earnings Per Share $758.9K -$0.01 $0.01
COMMON SHARES
Basic Shares Outstanding 156.0M shares 163.0M shares 183.2M shares
Diluted Shares Outstanding 163.0M shares 183.2M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $44.40M $38.18M
YoY Change
Cash & Equivalents $44.40M $38.18M $34.40M
Short-Term Investments
Other Short-Term Assets $70.01M $71.87M
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $203.3M $200.2M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $1.868B $1.923B
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $218.7M $232.6M
YoY Change -100.0% -6.01% -7.77%
Other Assets $2.032M $8.653M
YoY Change
Total Long-Term Assets $2.051B $2.150B
YoY Change
TOTAL ASSETS
Total Short-Term Assets $203.3M $200.2M
Total Long-Term Assets $2.051B $2.150B
Total Assets $2.254B $2.351B $2.625B
YoY Change -9.99% -10.44% -0.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $58.32M $50.76M
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $74.18M $67.69M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $1.465B $1.594B
YoY Change
Other Long-Term Liabilities $52.06M $79.30M
YoY Change
Total Long-Term Liabilities $1.517B $1.673B
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $74.18M $67.69M
Total Long-Term Liabilities $1.517B $1.673B
Total Liabilities $1.592B $1.741B $1.661B
YoY Change 2.06% 4.78% 7.48%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $1.532M $1.572M $1.834M
YoY Change -16.83% -14.29% 6.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $620.2M $522.3M $884.9M
YoY Change
Total Liabilities & Shareholders Equity $2.254B $2.351B $2.625B
YoY Change -9.99% -10.44% -0.56%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $118.4M -$2.235M $1.119M
YoY Change -53666.06% -299.73% -99.65%
Depreciation, Depletion And Amortization $27.37M $28.30M $27.88M
YoY Change 1.5% -6.64%
Cash From Operating Activities $24.56M $32.25M
YoY Change
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $179.4M -$17.68M
YoY Change
Cash From Investing Activities $179.4M -$17.68M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -196.5M -115.3M
YoY Change
NET CHANGE
Cash From Operating Activities 24.56M 32.25M
Cash From Investing Activities 179.4M -17.68M
Cash From Financing Activities -196.5M -115.3M
Net Change In Cash 7.460M -100.8M
YoY Change
FREE CASH FLOW
Cash From Operating Activities $24.56M $32.25M
Capital Expenditures $0.00 $0.00
Free Cash Flow $24.56M $32.25M
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Amendment Flag
AmendmentFlag
false
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001482430
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2021
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
kbsriii Periodof Increaseor Decreaseof Funding Availablefor Redemption
PeriodofIncreaseorDecreaseofFundingAvailableforRedemption
P10D
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2021-09-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
000-54687
dei Entity Registrant Name
EntityRegistrantName
KBS REAL ESTATE INVESTMENT TRUST III, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MD
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
27-1627696
dei Entity Address Address Line1
EntityAddressAddressLine1
800 Newport Center Drive, Suite 700
dei Entity Address City Or Town
EntityAddressCityOrTown
Newport Beach,
dei Entity Address State Or Province
EntityAddressStateOrProvince
CA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
92660
dei City Area Code
CityAreaCode
949
dei Local Phone Number
LocalPhoneNumber
417-6500
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2021Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
156017742 shares
CY2021Q3 us-gaap Land
Land
290121000 USD
CY2020Q4 us-gaap Land
Land
290121000 USD
CY2021Q3 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
2065264000 USD
CY2020Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
2021380000 USD
CY2021Q3 kbsriii Tenant Origination And Absorption Costs Gross
TenantOriginationAndAbsorptionCostsGross
72548000 USD
CY2020Q4 kbsriii Tenant Origination And Absorption Costs Gross
TenantOriginationAndAbsorptionCostsGross
75664000 USD
CY2021Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2427933000 USD
CY2020Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2387165000 USD
CY2021Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
560616000 USD
CY2020Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
490365000 USD
CY2021Q3 kbsriii Real Estate Investment Property Excluding Held For Sale
RealEstateInvestmentPropertyExcludingHeldForSale
1867317000 USD
CY2020Q4 kbsriii Real Estate Investment Property Excluding Held For Sale
RealEstateInvestmentPropertyExcludingHeldForSale
1896800000 USD
CY2021Q3 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
55342000 USD
CY2020Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
132143000 USD
CY2021Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1922659000 USD
CY2020Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2028943000 USD
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
38184000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
72523000 USD
CY2021Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
792000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
5288000 USD
CY2021Q3 us-gaap Equity Method Investments
EquityMethodInvestments
218676000 USD
CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
233592000 USD
CY2021Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
90156000 USD
CY2020Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
85539000 USD
CY2021Q3 kbsriii Above Market Leases Net
AboveMarketLeasesNet
373000 USD
CY2020Q4 kbsriii Above Market Leases Net
AboveMarketLeasesNet
449000 USD
CY2021Q3 us-gaap Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
7861000 USD
CY2020Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
13091000 USD
CY2021Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
71872000 USD
CY2020Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
64900000 USD
CY2021Q3 us-gaap Assets
Assets
2350573000 USD
CY2020Q4 us-gaap Assets
Assets
2504325000 USD
CY2021Q3 kbsriii Notes Payable Excluding Notes Payable For Real Estate Held For Sale
NotesPayableExcludingNotesPayableForRealEstateHeldForSale
1556127000 USD
CY2020Q4 kbsriii Notes Payable Excluding Notes Payable For Real Estate Held For Sale
NotesPayableExcludingNotesPayableForRealEstateHeldForSale
1358468000 USD
CY2021Q3 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
37695000 USD
CY2020Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
29897000 USD
CY2021Q3 us-gaap Notes Payable
NotesPayable
1593822000 USD
CY2020Q4 us-gaap Notes Payable
NotesPayable
1388365000 USD
CY2021Q3 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
50759000 USD
CY2020Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
55814000 USD
CY2021Q3 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
9012000 USD
CY2020Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
8626000 USD
CY2021Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
7921000 USD
CY2020Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
9187000 USD
CY2021Q3 us-gaap Below Market Lease Net
BelowMarketLeaseNet
4359000 USD
CY2020Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
6116000 USD
CY2021Q3 us-gaap Disposal Group Including Discontinued Operation Other Liabilities
DisposalGroupIncludingDiscontinuedOperationOtherLiabilities
17502000 USD
CY2020Q4 us-gaap Disposal Group Including Discontinued Operation Other Liabilities
DisposalGroupIncludingDiscontinuedOperationOtherLiabilities
21001000 USD
CY2021Q3 us-gaap Other Liabilities
OtherLiabilities
57435000 USD
CY2020Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2020Q4 us-gaap Other Liabilities
OtherLiabilities
70457000 USD
CY2021Q3 us-gaap Liabilities
Liabilities
1740810000 USD
CY2020Q4 us-gaap Liabilities
Liabilities
1559566000 USD
CY2021Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2021Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
87445000 USD
CY2020Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
46723000 USD
CY2021Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2020Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2021Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2021Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2020Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2021Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
157205102 shares
CY2021Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
157205102 shares
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
184249076 shares
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
184249076 shares
CY2021Q3 us-gaap Common Stock Value
CommonStockValue
1572000 USD
CY2020Q4 us-gaap Common Stock Value
CommonStockValue
1842000 USD
CY2021Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
1319718000 USD
CY2020Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
1641184000 USD
CY2021Q3 us-gaap Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
798972000 USD
CY2020Q4 us-gaap Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
744990000 USD
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
522318000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
898036000 USD
CY2021Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2350573000 USD
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2504325000 USD
CY2021Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
68538000 USD
CY2020Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
69159000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
209396000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
211385000 USD
CY2021Q3 us-gaap Interest And Fee Income Loans Commercial And Residential Real Estate
InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate
0 USD
CY2020Q3 us-gaap Interest And Fee Income Loans Commercial And Residential Real Estate
InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate
2029000 USD
us-gaap Interest And Fee Income Loans Commercial And Residential Real Estate
InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate
0 USD
us-gaap Interest And Fee Income Loans Commercial And Residential Real Estate
InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate
3236000 USD
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4523000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4315000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
12254000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
14555000 USD
CY2021Q3 us-gaap Revenues
Revenues
73061000 USD
us-gaap Revenues
Revenues
221650000 USD
CY2020Q3 us-gaap Revenues
Revenues
75503000 USD
us-gaap Revenues
Revenues
229176000 USD
CY2021Q3 us-gaap Cost Of Other Property Operating Expense
CostOfOtherPropertyOperatingExpense
17313000 USD
CY2020Q3 us-gaap Cost Of Other Property Operating Expense
CostOfOtherPropertyOperatingExpense
17198000 USD
us-gaap Cost Of Other Property Operating Expense
CostOfOtherPropertyOperatingExpense
49378000 USD
us-gaap Cost Of Other Property Operating Expense
CostOfOtherPropertyOperatingExpense
52553000 USD
CY2021Q3 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
14992000 USD
CY2020Q3 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
14140000 USD
us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
43371000 USD
us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
43052000 USD
CY2021Q3 us-gaap Affiliate Costs
AffiliateCosts
5019000 USD
CY2020Q3 us-gaap Affiliate Costs
AffiliateCosts
5311000 USD
us-gaap Affiliate Costs
AffiliateCosts
14858000 USD
us-gaap Affiliate Costs
AffiliateCosts
15704000 USD
CY2021Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1621000 USD
CY2020Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1560000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5223000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4756000 USD
CY2021Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
28298000 USD
CY2020Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
27879000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
83617000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
82629000 USD
CY2021Q3 us-gaap Interest Expense
InterestExpense
9658000 USD
CY2020Q3 us-gaap Interest Expense
InterestExpense
8918000 USD
us-gaap Interest Expense
InterestExpense
25372000 USD
us-gaap Interest Expense
InterestExpense
71460000 USD
CY2021Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2020Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
19896000 USD
CY2021Q3 us-gaap Costs And Expenses
CostsAndExpenses
76901000 USD
CY2020Q3 us-gaap Costs And Expenses
CostsAndExpenses
75006000 USD
us-gaap Costs And Expenses
CostsAndExpenses
221819000 USD
us-gaap Costs And Expenses
CostsAndExpenses
290050000 USD
CY2021Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
10000 USD
CY2020Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
13000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
41000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
60000 USD
CY2021Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1595000 USD
CY2020Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
588000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4945000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1408000 USD
CY2021Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2020Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-188000 USD
CY2021Q3 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0 USD
CY2020Q3 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
21000 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
20459000 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
50959000 USD
CY2021Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
0 USD
CY2020Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
0 USD
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
0 USD
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
680000 USD
CY2021Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1605000 USD
CY2020Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
622000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
25445000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
48743000 USD
CY2021Q3 us-gaap Profit Loss
ProfitLoss
-2235000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
1119000 USD
us-gaap Profit Loss
ProfitLoss
25276000 USD
us-gaap Profit Loss
ProfitLoss
-12131000 USD
CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2020Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
6145000 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-2235000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
1119000 USD
us-gaap Net Income Loss
NetIncomeLoss
25276000 USD
us-gaap Net Income Loss
NetIncomeLoss
-18276000 USD
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.10
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.10
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
163025885 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
163025885 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
183174688 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
183174688 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
177779472 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
177779472 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
182386530 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
182386530 shares
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
520152000 USD
CY2021Q3 us-gaap Profit Loss
ProfitLoss
-2235000 USD
CY2021Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
6507000 USD
CY2021Q3 kbsriii Adjustments To Additional Paid In Capital Transfers From Redeemable Common Stock
AdjustmentsToAdditionalPaidInCapitalTransfersFromRedeemableCommonStock
329480000 USD
CY2021Q3 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
307717000 USD
CY2021Q3 us-gaap Dividends Common Stock
DividendsCommonStock
23863000 USD
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
6000 USD
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
522318000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
911206000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
1119000 USD
CY2020Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
11655000 USD
CY2020Q3 kbsriii Adjustments To Additional Paid In Capital Transfers To Redeemable Common Stock
AdjustmentsToAdditionalPaidInCapitalTransfersToRedeemableCommonStock
9311000 USD
CY2020Q3 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
2343000 USD
CY2020Q3 us-gaap Dividends Common Stock
DividendsCommonStock
27388000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
3000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
884935000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
898036000 USD
us-gaap Profit Loss
ProfitLoss
25276000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
32792000 USD
kbsriii Adjustments To Additional Paid In Capital Transfers To Redeemable Common Stock
AdjustmentsToAdditionalPaidInCapitalTransfersToRedeemableCommonStock
40722000 USD
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
313800000 USD
us-gaap Dividends Common Stock
DividendsCommonStock
79258000 USD
us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
6000 USD
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
522318000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
985310000 USD
us-gaap Profit Loss
ProfitLoss
-12131000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
35277000 USD
kbsriii Adjustments To Additional Paid In Capital Transfers To Redeemable Common Stock
AdjustmentsToAdditionalPaidInCapitalTransfersToRedeemableCommonStock
26666000 USD
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
8635000 USD
us-gaap Dividends Common Stock
DividendsCommonStock
81805000 USD
us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
15000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
6400000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
884935000 USD
us-gaap Profit Loss
ProfitLoss
25276000 USD
us-gaap Profit Loss
ProfitLoss
-12131000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
83617000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
82629000 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
19896000 USD
kbsriii Noncash Interest Income On Real Estate Related Investment
NoncashInterestIncomeOnRealEstateRelatedInvestment
0 USD
kbsriii Noncash Interest Income On Real Estate Related Investment
NoncashInterestIncomeOnRealEstateRelatedInvestment
1172000 USD
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
0 USD
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
680000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4945000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1408000 USD
kbsriii Distribution Of Operating Cash Flow From An Unconsolidated Entity
DistributionOfOperatingCashFlowFromAnUnconsolidatedEntity
19861000 USD
kbsriii Distribution Of Operating Cash Flow From An Unconsolidated Entity
DistributionOfOperatingCashFlowFromAnUnconsolidatedEntity
19314000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
4221000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
4041000 USD
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-1697000 USD
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-2137000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2994000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3184000 USD
us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
13740000 USD
us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
-29484000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-188000 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
20459000 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
50959000 USD
kbsriii Interest Rate Swap Settlements For Off Market Swap Instruments Operating Activities
InterestRateSwapSettlementsForOffMarketSwapInstrumentsOperatingActivities
2209000 USD
kbsriii Interest Rate Swap Settlements For Off Market Swap Instruments Operating Activities
InterestRateSwapSettlementsForOffMarketSwapInstrumentsOperatingActivities
0 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4287000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4532000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
14616000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
11827000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
3033000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-4428000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
2829000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
5746000 USD
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
386000 USD
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
2119000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
76240000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
73421000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
50944000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
70835000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
98000000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
26592000 USD
us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
0 USD
us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
3277000 USD
kbsriii Origination Costs On Real Estate Loan Receivable
OriginationCostsOnRealEstateLoanReceivable
0 USD
kbsriii Origination Costs On Real Estate Loan Receivable
OriginationCostsOnRealEstateLoanReceivable
120000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
47056000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-47640000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
241240000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
104510000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
38400000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
74202000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
377000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2811000 USD
kbsriii Interest Rate Swap Settlements For Off Market Swap Instruments Financing Activities
InterestRateSwapSettlementsForOffMarketSwapInstrumentsFinancingActivities
2201000 USD
kbsriii Interest Rate Swap Settlements For Off Market Swap Instruments Financing Activities
InterestRateSwapSettlementsForOffMarketSwapInstrumentsFinancingActivities
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
313800000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
8635000 USD
kbsriii Payments Of Prepaid Other Offering Costs
PaymentsOfPrepaidOtherOfferingCosts
855000 USD
kbsriii Payments Of Prepaid Other Offering Costs
PaymentsOfPrepaidOtherOfferingCosts
1032000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
6000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
15000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
0 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
6400000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
47732000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
46778000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-162131000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-35363000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-38835000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-9582000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
77811000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
49272000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
38976000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
39690000 USD
us-gaap Interest Paid Net
InterestPaidNet
33849000 USD
us-gaap Interest Paid Net
InterestPaidNet
39293000 USD
kbsriii Noncashincreasesdecreaseindistributionspayable
Noncashincreasesdecreaseindistributionspayable
7921000 USD
kbsriii Noncashincreasesdecreaseindistributionspayable
Noncashincreasesdecreaseindistributionspayable
9142000 USD
kbsriii Distributions Paid To Common Stockholders Through Common Stock Issuances Pursuant To Dividend Reinvestment Plan
DistributionsPaidToCommonStockholdersThroughCommonStockIssuancesPursuantToDividendReinvestmentPlan
32792000 USD
kbsriii Distributions Paid To Common Stockholders Through Common Stock Issuances Pursuant To Dividend Reinvestment Plan
DistributionsPaidToCommonStockholdersThroughCommonStockIssuancesPursuantToDividendReinvestmentPlan
35277000 USD
kbsriii Real Estate Loan Receivable Provided To Purchaser Of Real Estate
RealEstateLoanReceivableProvidedToPurchaserOfRealEstate
0 USD
kbsriii Real Estate Loan Receivable Provided To Purchaser Of Real Estate
RealEstateLoanReceivableProvidedToPurchaserOfRealEstate
147678000 USD
kbsriii Accrued Prepaid Other Offering Costs
AccruedPrepaidOtherOfferingCosts
99000 USD
kbsriii Accrued Prepaid Other Offering Costs
AccruedPrepaidOtherOfferingCosts
705000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
11452000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
14900000 USD
kbsriii Accrued Interest Rate Swap Settlements Related To Off Market Swap Instruments
AccruedInterestRateSwapSettlementsRelatedToOffMarketSwapInstruments
253000 USD
kbsriii Accrued Interest Rate Swap Settlements Related To Off Market Swap Instruments
AccruedInterestRateSwapSettlementsRelatedToOffMarketSwapInstruments
0 USD
us-gaap Use Of Estimates
UseOfEstimates
The preparation of the consolidated financial statements and condensed notes thereto in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and condensed notes. Actual results could materially differ from those estimates.
CY2021Q3 kbsriii Dividend Reinvestment Plan Purchase Price Per Shareas Percentof Estimated Value
DividendReinvestmentPlanPurchasePricePerShareasPercentofEstimatedValue
0.95
CY2019Q4 kbsriii Estimated Value Per Share Of Companys Common Stock
EstimatedValuePerShareOfCompanysCommonStock
11.65
CY2020Q1 kbsriii Dividend Reinvestment Plan Purchase Price Per Share
DividendReinvestmentPlanPurchasePricePerShare
11.07
CY2019Q4 kbsriii Special Dividends Common Stock Per Share Cash Paid
SpecialDividendsCommonStockPerShareCashPaid
0.80
CY2020Q4 kbsriii Estimated Value Per Share Of Companys Common Stock
EstimatedValuePerShareOfCompanysCommonStock
10.74
CY2021Q1 kbsriii Dividend Reinvestment Plan Purchase Price Per Share
DividendReinvestmentPlanPurchasePricePerShare
10.21
CY2021Q2 kbsriii Estimated Value Per Share Of Companys Common Stock
EstimatedValuePerShareOfCompanysCommonStock
10.77
CY2021Q2 kbsriii Dividend Reinvestment Plan Purchase Price Per Share
DividendReinvestmentPlanPurchasePricePerShare
10.23
kbsriii Periodof Termination Notice
PeriodofTerminationNotice
P10D
CY2021Q2 kbsriii Stock Repurchased During Period Price Per Share
StockRepurchasedDuringPeriodPricePerShare
10.34
CY2021Q3 us-gaap Stock Redeemed Or Called During Period Shares
StockRedeemedOrCalledDuringPeriodShares
26377990 shares
CY2021Q3 kbsriii Stock Repurchased During Period Price Per Share
StockRepurchasedDuringPeriodPricePerShare
10.34
CY2021Q3 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
272700000 USD
kbsriii Share Redemption Program Share Holding Term
ShareRedemptionProgramShareHoldingTerm
P1Y
kbsriii Maximum Percentage Of Weighted Average Shares Outstanding Available For Redemption During Current Calendar Year
MaximumPercentageOfWeightedAverageSharesOutstandingAvailableForRedemptionDuringCurrentCalendarYear
0.05
CY2021Q3 kbsriii Maximum Number Of Weighted Average Shares Outstanding Available For Redemption During Current Calendar Year
MaximumNumberOfWeightedAverageSharesOutstandingAvailableForRedemptionDuringCurrentCalendarYear
500000 shares
CY2021Q3 kbsriii Share Redemption Program Share Limitation For Special Redemptions
ShareRedemptionProgramShareLimitationForSpecialRedemptions
500000 shares
kbsriii Maximum Percentage Of Weighted Average Shares Outstanding Available For Redemption During Any Calendar Year
MaximumPercentageOfWeightedAverageSharesOutstandingAvailableForRedemptionDuringAnyCalendarYear
0.05
kbsriii Redemption Price Percentage Of Most Recent Estimated Value Per Share
RedemptionPricePercentageOfMostRecentEstimatedValuePerShare
0.95
CY2021Q3 kbsriii Redemption Price Percentage Of Most Recent Estimated Value Per Share
RedemptionPricePercentageOfMostRecentEstimatedValuePerShare
0.96
CY2019Q4 kbsriii Estimated Value Per Share Of Companys Common Stock
EstimatedValuePerShareOfCompanysCommonStock
11.65
CY2020Q4 kbsriii Estimated Value Per Share Of Companys Common Stock
EstimatedValuePerShareOfCompanysCommonStock
10.74
CY2021Q2 kbsriii Estimated Value Per Share Of Companys Common Stock
EstimatedValuePerShareOfCompanysCommonStock
10.77
CY2021Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
87400000 USD
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.150
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.448
CY2021Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.150
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.448
kbsriii Common Share Distribution Rate For Share Per Month Declared
CommonShareDistributionRateForSharePerMonthDeclared
0.04983333
kbsriii Common Share Distribution Rate For Share Per Month Declared
CommonShareDistributionRateForSharePerMonthDeclared
0.04983333
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2021Q3 kbsriii Grants Of Rent Deferrals Covid19
GrantsOfRentDeferralsCOVID19
4100000 USD
CY2021Q3 kbsriii Grants Of Rental Abatements Covid19
GrantsOfRentalAbatementsCOVID19
2400000 USD
CY2021Q3 kbsriii Deferred Lease Concessions Covid19
DeferredLeaseConcessionsCOVID19
1900000 USD
CY2021Q3 kbsriii Reserve For Payments Not Probable To Collect Covid19
ReserveForPaymentsNotProbableToCollectCOVID19
1500000 USD
CY2021Q3 kbsriii Reversal Of Rental Income For Abatements Granted To Tenants Covid19
ReversalOfRentalIncomeForAbatementsGrantedToTenantsCOVID19
100000 USD
kbsriii Reversal Of Rental Income For Abatements Granted To Tenants Covid19
ReversalOfRentalIncomeForAbatementsGrantedToTenantsCOVID19
700000 USD
CY2020Q3 kbsriii Reversal Of Rental Income For Abatements Granted To Tenants Covid19
ReversalOfRentalIncomeForAbatementsGrantedToTenantsCOVID19
300000 USD
kbsriii Reversal Of Rental Income For Abatements Granted To Tenants Covid19
ReversalOfRentalIncomeForAbatementsGrantedToTenantsCOVID19
900000 USD
CY2021Q3 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
7300000 sqft
CY2021Q3 kbsriii Percentage Of Real Estate Portfolio Occupied
PercentageOfRealEstatePortfolioOccupied
0.85
CY2021Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2427933000 USD
CY2021Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
560616000 USD
CY2021Q3 kbsriii Real Estate Investment Property Excluding Held For Sale
RealEstateInvestmentPropertyExcludingHeldForSale
1867317000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
4200000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
4000000 USD
CY2021Q3 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
86300000 USD
CY2020Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
80700000 USD
CY2021Q3 us-gaap Incentive To Lessee
IncentiveToLessee
22400000 USD
CY2020Q4 us-gaap Incentive To Lessee
IncentiveToLessee
19100000 USD
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
54366000 USD
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
197746000 USD
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
171869000 USD
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
158400000 USD
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
142000000 USD
CY2021Q3 kbsriii Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
540485000 USD
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1264866000 USD
CY2021Q3 kbsriii Number Of Tenants
NumberOfTenants
580 tenant
CY2021Q3 kbsriii Annualized Base Rent
AnnualizedBaseRent
66584000 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
19900000 USD
CY2021Q3 kbsriii Tenant Origination And Absorption Costs Gross
TenantOriginationAndAbsorptionCostsGross
72548000 USD
CY2020Q4 kbsriii Tenant Origination And Absorption Costs Gross
TenantOriginationAndAbsorptionCostsGross
75664000 USD
CY2021Q3 kbsriii Above Market Leases Gross
AboveMarketLeasesGross
1112000 USD
CY2020Q4 kbsriii Above Market Leases Gross
AboveMarketLeasesGross
1146000 USD
CY2021Q3 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
20093000 USD
CY2020Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
20239000 USD
CY2021Q3 kbsriii Tenant Origination And Absorption Costs Accumulated Amortization
TenantOriginationAndAbsorptionCostsAccumulatedAmortization
51757000 USD
CY2020Q4 kbsriii Tenant Origination And Absorption Costs Accumulated Amortization
TenantOriginationAndAbsorptionCostsAccumulatedAmortization
48714000 USD
CY2021Q3 kbsriii Above Market Leases Accumulated Amortization
AboveMarketLeasesAccumulatedAmortization
739000 USD
CY2020Q4 kbsriii Above Market Leases Accumulated Amortization
AboveMarketLeasesAccumulatedAmortization
697000 USD
CY2021Q3 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
15734000 USD
CY2020Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
14123000 USD
CY2021Q3 kbsriii Tenant Origination And Absorption Costs Net
TenantOriginationAndAbsorptionCostsNet
20791000 USD
CY2020Q4 kbsriii Tenant Origination And Absorption Costs Net
TenantOriginationAndAbsorptionCostsNet
26950000 USD
CY2021Q3 kbsriii Above Market Leases Net
AboveMarketLeasesNet
373000 USD
CY2020Q4 kbsriii Above Market Leases Net
AboveMarketLeasesNet
449000 USD
CY2021Q3 us-gaap Below Market Lease Net
BelowMarketLeaseNet
4359000 USD
CY2020Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
6116000 USD
CY2021Q3 kbsriii Tenant Origination And Absorption Costs Amortization Expense
TenantOriginationAndAbsorptionCostsAmortizationExpense
1990000 USD
CY2020Q3 kbsriii Tenant Origination And Absorption Costs Amortization Expense
TenantOriginationAndAbsorptionCostsAmortizationExpense
2409000 USD
CY2021Q3 kbsriii Above Market Leases Amortization Expense
AboveMarketLeasesAmortizationExpense
24000 USD
CY2020Q3 kbsriii Above Market Leases Amortization Expense
AboveMarketLeasesAmortizationExpense
26000 USD
CY2021Q3 kbsriii Off Market Lease Unfavorable Amortization Expense
OffMarketLeaseUnfavorableAmortizationExpense
582000 USD
CY2020Q3 kbsriii Off Market Lease Unfavorable Amortization Expense
OffMarketLeaseUnfavorableAmortizationExpense
726000 USD
kbsriii Tenant Origination And Absorption Costs Amortization Expense
TenantOriginationAndAbsorptionCostsAmortizationExpense
6159000 USD
kbsriii Tenant Origination And Absorption Costs Amortization Expense
TenantOriginationAndAbsorptionCostsAmortizationExpense
7702000 USD
kbsriii Above Market Leases Amortization Expense
AboveMarketLeasesAmortizationExpense
76000 USD
CY2021Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1599585000 USD
kbsriii Off Market Lease Unfavorable Amortization Expense
OffMarketLeaseUnfavorableAmortizationExpense
1773000 USD
kbsriii Off Market Lease Unfavorable Amortization Expense
OffMarketLeaseUnfavorableAmortizationExpense
2228000 USD
CY2021Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1600000 USD
kbsriii Above Market Leases Amortization Expense
AboveMarketLeasesAmortizationExpense
91000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4900000 USD
CY2020Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
600000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1400000 USD
CY2021Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1599585000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1396745000 USD
CY2021Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
5763000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
8380000 USD
CY2021Q3 us-gaap Long Term Debt
LongTermDebt
1593822000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
1388365000 USD
CY2021Q3 us-gaap Interest Expense
InterestExpense
9700000 USD
us-gaap Interest Expense
InterestExpense
25400000 USD
CY2020Q3 us-gaap Interest Expense
InterestExpense
8900000 USD
us-gaap Interest Expense
InterestExpense
71500000 USD
CY2021Q3 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
700000 USD
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-300000 USD
CY2020Q3 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
300000 USD
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
38900000 USD
CY2021Q3 us-gaap Interest Payable Current
InterestPayableCurrent
4100000 USD
CY2020Q4 us-gaap Interest Payable Current
InterestPayableCurrent
4000000 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
496950000 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
728590000 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
374045000 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 USD
CY2021Q3 kbsriii Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
0 USD
CY2021Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
1599585000 USD
CY2020Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
1396745000 USD
CY2021Q3 us-gaap Payment For Administrative Fees
PaymentForAdministrativeFees
100000 USD
us-gaap Payment For Administrative Fees
PaymentForAdministrativeFees
332000 USD
CY2020Q3 us-gaap Payment For Administrative Fees
PaymentForAdministrativeFees
86000 USD
us-gaap Payment For Administrative Fees
PaymentForAdministrativeFees
271000 USD
CY2021Q3 kbsriii Non Compounded Returnon Net Invested Capital
NonCompoundedReturnonNetInvestedCapital
0.080
CY2021Q3 kbsriii Non Compounded Returnon Net Invested Capital
NonCompoundedReturnonNetInvestedCapital
0.08
CY2021Q3 kbsriii Non Compounded Returnon Net Invested Capital
NonCompoundedReturnonNetInvestedCapital
0.08

Files In Submission

Name View Source Status
0001482430-21-000080-index-headers.html Edgar Link pending
0001482430-21-000080-index.html Edgar Link pending
0001482430-21-000080.txt Edgar Link pending
0001482430-21-000080-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
kbsriii-20210930.htm Edgar Link pending
kbsriii-20210930.xsd Edgar Link pending
kbsriii-20210930_cal.xml Edgar Link unprocessable
kbsriii-20210930_def.xml Edgar Link unprocessable
kbsriii-20210930_htm.xml Edgar Link completed
kbsriii-20210930_lab.xml Edgar Link unprocessable
kbsriii-20210930_pre.xml Edgar Link unprocessable
kbsriiiq32021exhibit311.htm Edgar Link pending
kbsriiiq32021exhibit312.htm Edgar Link pending
kbsriiiq32021exhibit321.htm Edgar Link pending
kbsriiiq32021exhibit322.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
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending