CHICAGO, IL / ACCESSWIRE / October 1, 2018 / Liquidity Partners Trust I, a private real estate investment firm, is offering to pay approximately $1,148,000 for up to 150,000 shares of KBS Real Estate Investment Trust III, Inc. ("KBS REIT III" or the "Company") common stock for $7.65 per share. Shares may be redeemed via Liquidity Partners' website, www.LiquidityPartners.net, which will provide a Medallion Signature Guarantee for sellers. The Offer to Purchase and Transfer Agreement are also located on Liquidity Partners' website. For questions, call (917) 338-1851, or email TenderAgent@LiquidityPartners.net. The tender offer will expire at 11:59 P.M. Eastern Time on October 31, 2018.
KBS REIT III is a publicly-registered non-traded REIT and approved an estimated net asset value per share of $11.73 for the Company's common stock, effective December 6, 2017. Based on public filings, the Company has exhausted all funds available for ordinary redemptions for the remainder of 2018; and as of July 31, 2018, KBS had $9.2 million of outstanding and unfulfilled ordinary redemption requests.
KBS Real Estate Investment Trust III, Inc. was formed in December 2009. As of June 30, 2018, the Company owned 27 office properties and one mixed-use office/retail property. If all shares in the current offer are tendered, Liquidity Partners Trust I will own approximately 0.09% of the common shares outstanding.
SOURCE: Liquidity Partners Trust I