KBS Real Estate Investment Trust III, Inc. filed a Form 8-K on September 27, 2026, announcing the renewal of its advisory agreement with KBS Capital Advisors LLC. The filing states that the agreement has been renewed for an additional one-year term, extending the current arrangement through September 27, 2027.
The renewal agreement stipulates that the advisory agreement may be extended for an unlimited number of successive one-year periods upon the mutual consent of KBS REIT III and the Advisor. The document outlines specific termination provisions, allowing either party to terminate the agreement with 60 days' written notice without cause or penalty. Additionally, KBS REIT III retains the right to terminate the agreement immediately for cause or in the event of the Advisor's bankruptcy.
The filing notes that aside from the one-year extension of the term, the renewal agreement made no changes to the terms of the advisory agreement, as amended.
