KBS Real Estate Investment Trust III has negotiated an extension until August of a $613M loan backed by a portfolio of six office assets encompassing more than 3M SF, a debt package that originally was scheduled to come due last November.

The California-based REIT must raise $100M in new equity, debt or a combination of both in order to recapitalize the debt package, according to an SEC filing. The new due date is August 6.


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Jack Rogers


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