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Office Properties in 3 US States Back This REIT's Latest Troubled Loan

KBS Real Estate Investment Trust III Is in Active Negotiations With Lenders
Preston Commons in Dallas is one of the properties in the portfolio owned by KBS Real Estate Investment Trust III's subsidiaries. (Mike Healey/CoStar)
Preston Commons in Dallas is one of the properties in the portfolio owned by KBS Real Estate Investment Trust III's subsidiaries. (Mike Healey/CoStar)
CoStar News
January 30, 2024 | 9:27 P.M.

A California-based real estate investment trust is getting closer to reaching a deadline to restructure and modify a loan totaling more than $600 million backed by office properties in three U.S. states.

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