December 18, 2017
KBS Real Estate Investment Trust III Announces $11.73 NAV Per Share
KBS REIT III announced a revised NAV per share of $11.73 as of December 6, 2017.

KBS Real Estate Investment Trust III Announces $11.73 NAV Per Share

December 14, 2017 | James Sprow | Blue Vault

Office building close up with large glass windows.

KBS REIT III announced a revised NAV per share of $11.73 as of December 6, 2017. The previously estimated value per share as of December 9, 2016, was $10.63. The new NAV per share represents an increase of 10.3% in one year.

The REIT’s estimated value per share was determined in accordance with IPA’s Practice Guideline 2013-01. Duff & Phelps, an independent, third-party real estate valuation firm, was engaged to provide a calculation of the range in estimated value per share of common stock as of December 6, 2017. Duff & Phelps based the range in estimated value per share upon:

  • Appraisals of 28 of KBS REIT III’s consolidated real estate properties owned as of September 30, 2017, performed by Duff & Phelps, and one property under contract to sell as of December 6, 2017, which was valued at its contractual sales price less estimated disposition costs and fees
  • Valuations performed by the Advisor of KBS REIT III’s other assets and liabilities
  • A reduction to KBS III’s net asset value for deferred financing costs related to a portfolio loan facility that closed subsequent to September 30, 2017

The estimated value per share did not include an enterprise (portfolio) premium or discount.

KBS REIT III’s board of directors approved $11.73 which represents the mid-range value of the range in estimated value per share calculated by Duff & Phelps.

 

didyouknow_sponsorfocus-green

Learn more about KBS Capital Markets Group on the Blue Vault Sponsor Focus page.

Click Here

 

KBS Strategic Opportunity REIT Announces NAV and $3.61 Special Dividend

KBS Strategic Opportunity REIT to Sell 11 Properties for $804 Million

KBS Debuts KBSDirect.com Real Estate Investment Portal

 

Recent

Most Popular

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 10-3-2023 Blue Vault wishes to acknowledge and apologize for the delay in publishing some Q2 2023 NTR Individual Performance Pages (IPPs) as well as the full review. We recently added additional reporting metrics to our IPPs, and that, combined with coverage of all share classes and some additional…
Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 9-25-2023 Blue Vault has published the Q2 2023 Nontraded BDC Industry Review as well as Individual Performance Report and Limited Operations pages for the following offerings (newly published pages in bold font): Nontraded REITS American Healthcare REIT Q2 2023 Apollo Realty Income Solutions Q2 2023 (limited operations) Ares…

Explore

Blue Vault Logo
Don’t miss alts news
and educational events

Subscribe Now