REAL ESTATE EQUITY SECURITIES	12 Months Ended
REAL ESTATE EQUITY SECURITIES	Dec. 31, 2025
Equity Method Investments and Joint Ventures [Abstract]
REAL ESTATE EQUITY SECURITIES	REAL ESTATE EQUITY SECURITIES Investment in Prime US REIT In connection with the Company’s sale of 11 properties to the SREIT on July 18, 2019 (the “Singapore Portfolio”), on July 19, 2019, the Company, through REIT Properties III, acquired 307,953,999 units in the SREIT at a price of $271.0 million, or $0.88 per unit, representing a 33.3% ownership interest in the SREIT (such transactions, the “Singapore Transaction”). On August 21, 2019, REIT Properties III sold 18,392,100 of its units in the SREIT for $16.2 million pursuant to an over-allotment option granted to the underwriters of the SREIT’s offering, reducing REIT Properties III’s ownership in the SREIT to 31.3% of the outstanding units of the SREIT as of that date. On November 9, 2021, REIT Properties III sold 73,720,000 of its units in the SREIT for $58.9 million, net of fees and costs, reducing REIT Properties III’s ownership in the SREIT to 18.5% of the outstanding units of the SREIT as of that date. On March 28, 2024, the SREIT issued an additional unit for every 10 existing units held by its unitholders as of March 4, 2024, increasing REIT Properties III’s investment in the units of the SREIT to 237,426,088 units. On October 6, 2025, the SREIT issued additional units related to a private placement transaction, which reduced the Company’s ownership in the SREIT to 16.5% of the outstanding units of the SREIT as of October 6, 2025. As of December 31, 2025, REIT Properties III held 237,426,088 units of the SREIT which represented 16.5% of the outstanding units of the SREIT. As of December 31, 2025, the aggregate book value and fair value of the Company’s investment in the units of the SREIT was $46.8 million, which was based on the closing price of the SREIT units on the SGX-ST of $0.197 per unit as of December 31, 2025. During the years ended December 31, 2025, 2024 and 2023, the Company recognized $1.1 million, $1.0 million and $11.9 million of dividend income from its investment in the SREIT, respectively. During the year ended December 31, 2025, the Company recorded an unrealized gain on real estate equity securities of $6.2 million. During the years ended December 31, 2024 and 2023, the Company recorded unrealized losses on real estate equity securities of $11.2 million and $35.6 million, respectively.

KBS Real Estate Investment Trust III, Inc. 10-K