KBS Real Estate Investment Trust III Renews Advisory Agreement

What Happened
KBS Real Estate Investment Trust III, Inc. (KBS REIT III) filed an 8-K on October 1, 2026, announcing it renewed its advisory agreement with KBS Capital Advisors LLC (the Advisor). The renewal agreement extends the term of the current advisory agreement, as amended, through September 27, 2027, and otherwise makes no changes to the existing terms. The advisory agreement may be renewed for additional successive one‑year periods by mutual consent.

Key Details

• Renewal extends the advisory agreement term through September 27, 2027.
• The agreement can be renewed for an unlimited number of successive one‑year periods upon mutual consent.
• Termination rights: either party may terminate without cause on 60 days’ written notice (KBS REIT III acts through its Conflicts Committee); KBS REIT III may terminate immediately for cause or upon the Advisor’s bankruptcy.
• The renewal made no other changes to the advisory agreement’s terms; the filing includes the renewal agreement as Exhibit 10.1.

Why It Matters
This is a material contract affecting who manages KBS REIT III’s assets. The renewal preserves continuity of management and the existing contractual terms (including fees and responsibilities) for at least the next year, while allowing regular yearly renewals or termination under specified conditions. For investors, this reduces near‑term operational uncertainty because there are no changes to the advisor relationship or terms disclosed in this filing.