KBS Real Estate Investment Trust III, Inc. Appoints Ron D. Sturzenegger as an Independent Director, Member of the Audit Committee and the Conflicts Committee
September 04, 2019 at 01:37 pm EDT
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To fill an existing vacancy on the Board of Directors of KBS Real Estate Investment Trust III, Inc., on August 28, 2019, the Company’s Board of Directors appointed Ron D. Sturzenegger to serve as an independent director of the Company and as a member of the Audit Committee and the Conflicts Committee of the Company’s Board of Directors. Mr. Sturzenegger has over 30 years of experience in the real estate industry through his career at major financial institutions. From July 2014 to January 2018, Mr. Sturzenegger was Enterprise Business & Community Engagement Executive at Bank of America, responsible for leading Bank of America’s strategy to integrate the delivery of its products and services to customers and clients in 90 key U.S. markets. In his role overseeing Enterprise Business & Community Engagement, he was responsible for driving global integration opportunities across the enterprise. In addition, Mr. Sturzenegger led Bank of America’s strategy through which leaders representing all the company’s various businesses in a given market or community worked together to integrate the delivery of products and services for customers and clients, including the oversight of the Market Presidents Organization.
KBS Real Estate Investment Trust III, Inc. is a real estate investment trust (REIT). The Company acquires and manages a diverse portfolio of core real estate properties. The Company conducts its business through KBS Limited Partnership III (the Operating Partnership). The Company's primary investment focus was core office properties located throughout the United States, through which the Company invests in other types of properties and real estate-related investments. The Company owns approximately 16 office properties, one mixed-use office/retail property and an investment in the equity securities of a Singapore real estate investment trust (the SREIT). The primary types of office properties the Company intends to invest in include low-rise, mid-rise and high-rise office buildings and office parks in urban and suburban locations. The Company is managed by KBS Capital Advisors LLC.
KBS Real Estate Investment Trust III, Inc. Appoints Ron D. Sturzenegger as an Independent Director, Member of the Audit Committee and the Conflicts Committee
KBS REAL ESTATE INVESTMENT TRUST III, INC. 
