ITEM 8.01 OTHER EVENTS Distributions Declared OnJanuary 19, 2021 ,KBS Real Estate Investment Trust III, Inc.'s (the "Company") board of directors authorized aJanuary 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 onJanuary 21, 2021 , which the Company expects to pay inFebruary 2021 , and aFebruary 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 onFebruary 19, 2021 , which the Company expects to pay inMarch 2021 . Investors may choose to receive cash distributions or purchase additional shares through the Company's dividend reinvestment plan. Disposition of Anchor Centre OnMay 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 inPhoenix, Arizona ("Anchor Centre"). OnJanuary 19, 2021 , the Company completed the sale of Anchor Centre to a purchaser unaffiliated with the Company orKBS 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. 1
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