ITEM 8.01 OTHER EVENTS
Distributions Declared
On January 19, 2021, KBS Real Estate Investment Trust III, Inc.'s (the
"Company") board of directors authorized a January 2021 distribution in the
amount of $0.04983333 per share on the outstanding shares of the Company's
common stock to stockholders of record as of the close of business on January
21, 2021, which the Company expects to pay in February 2021, and a February 2021
distribution in the amount of $0.04983333 per share on the outstanding shares of
the Company's common stock to stockholders of record as of the close of business
on February 19, 2021, which the Company expects to pay in March 2021. Investors
may choose to receive cash distributions or purchase additional shares through
the Company's dividend reinvestment plan.
Disposition of Anchor Centre
On May 22, 2014, the Company, through an indirect wholly owned subsidiary,
acquired an office property consisting of two office buildings containing an
aggregate of 333,014 rentable square feet located on approximately 7.3 acres of
land in Phoenix, Arizona ("Anchor Centre"). On January 19, 2021, the Company
completed the sale of Anchor Centre to a purchaser unaffiliated with the Company
or KBS Capital Advisors LLC (the "Advisor"), for $103.5 million, or $100.5
million net of credits given to the purchaser primarily for outstanding tenant
improvements and lease incentives, before third-party closing costs of
approximately $1.1 million and excluding disposition fees payable to the
Advisor.

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