KBS Real Estate Investment Trust III, Inc. elected to be taxed as a real estate investment trust (REIT) beginning with the taxable year ended December 31, 2011, and it intends to continue to operate in such manner. Substantially all the Company's business is conducted through KBS Limited Partnership III (the Operating Partnership), a Delaware limited partnership. The Company is the sole general partner of and owns a 0.1% partnership interest in the Operating Partnership. KBS REIT Holdings III LL...