On October 20, 2022, KBS Real Estate Investment Trust III, Inc.'s (the “Company”) board of directors authorized an October 2022 distribution in the amount of $0.04983333 per share on the outstanding shares of the Company's common stock to stockholders of record as of the close of business on October 21, 2022, which the Company expects to pay in November 2022. Investors may choose to receive cash distributions or purchase additional shares through the Company's dividend reinvestment plan.