KBS Real Estate Investment Trust III, Inc. announced that on January 17, 2023, the board of directors authorized a January 2023 distribution in the amount of $0.03833333 per share on the outstanding shares of the Company's common stock to stockholders of record as of the close of business on January 20, 2023, which the Company expects to pay in February 2023 and a February 2023 distribution in the amount of $0.03833333 per share on the outstanding shares of the Company's common stock to stockholders of record as of the close of business on February 20, 2023, which the Company expects to pay in March 2023.