KBS Real Estate Investment Trust III consists of 28 office properties and one mixed use office/retail property and is valued at $4.0 billion. KBS Real Estate Investment Trust III recently closed on a $1.01 billion financing facility, the largest in KBS’ history. Proceeds from the new loan facility are being used to replace existing debt agreements and for other KBS Real Estate Investment Trust III liquidity needs including capital improvement and capital expenditures on office properties held by KBS Real Estate Investment Trust III.

“KBS Real Estate Investment Trust III’s performance is a testament to our outstanding brokerage relationships, our ability to identify well-located properties and the deep on-the-ground expertise of our team of real estate professionals in managing them,” said KBS CEO Charles J. Schreiber. “By building a diversified portfolio of Class A buildings in areas with significant job growth, leveraging a lower cost of capital to fund improvements and making prudent capital investments in our buildings we have been able to build significant value for our investors.”

On December 6, 2017, KBS Real Estate Investment Trust III’s board of directors determined and approved the estimated NAV per common share of $11.73. KBS Real Estate Investment Trust III engaged a third-party valuation firm to perform a review of its estimated values of assets and liabilities as of September 30, 2017. The third-party valuation firm independently estimated a range of values for assets and liabilities as of September 30, 2017 based on (i) appraisals of 28 of KBS Real Estate Investment Trust III’s real estate properties owned as of September 30, 2017 performed by the valuation firm, (ii) the contractual sales price less estimated disposition costs and fees with respect to one real estate property under contract to sell as of December 6, 2017, (iii) valuations performed by the KBS advisor, with respect to KBS Real Estate Investment Trust III’s real estate construction in progress project, investment in an unconsolidated joint venture, cash, other assets, mortgage debt and other liabilities and (iv) a reduction to the net asset value for deferred financing costs related to the $1.01 billion financing facility that closed subsequent to September 30, 2017.

Forward-Looking Statements
The foregoing includes forward-looking statements within the meaning of the Federal Private Securities Litigation Reform Act of 1995. KBS Real Estate Investment Trust III (“ KBS REIT III”) intends that such forward-looking statements be subject to the safe harbors created by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include statements regarding the intent, belief or current expectations of KBS REIT III and members of its management team, as well as the assumptions on which such statements are based, and generally are identified by the use of words such as “may,” “will,” “seeks,” “anticipates,” “believes,” “estimates,” “expects,” “plans,” “intends,” “should” or similar expressions. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. KBS REIT III undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law. Such statements are subject to known and unknown risks and uncertainties which could cause actual results to differ materially from those contemplated by such forward-looking statements. KBS REIT III makes no representation or warranty (express or implied) about the accuracy of any such forward-looking statements. These statements are based on a number of assumptions involving the judgment of management. The appraisal methodology for KBS REIT III’s appraised properties assumes the properties realize the projected net operating income and expected exit cap rates and that investors would be willing to invest in such properties at yields equal to the expected discount rates. Though the appraisals of the appraised properties, with respect to the independent valuation firms, and the valuation estimates used in calculating KBS REIT III’s estimated value per share, with respect to the independent valuation firm, KBS REIT III and its advisor, are the respective party’s best estimates as of September 30, 2017 or December 6, 2017, as applicable, KBS REIT III can give no assurance in this regard. Even small changes to these assumptions could result in significant differences in the appraised values of the appraised properties and the estimated value per share. These statements also depend on factors such as: future economic, competitive and market conditions; KBS REIT III’s ability to maintain occupancy levels and rental rates at its real estate properties; and other risks identified in Part I, Item IA of the Company’s Annual Report on Form 10-K for the year ended December 31, 2016, and Part II, Item 1A of the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2017, each as filed with the SEC. Actual events may cause the value and returns on KBS REIT III’s investments to be less than that used for purposes of KBS REIT III’s estimated value per share.