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Pacific Oak Strategic Opportunity REIT Suspends October and November Redemptions

October 27, 2021

Pacific Oak Strategic Opportunity REIT Suspends October and November Redemptions

October 26, 2021 | James Sprow | Blue Vault

On October 26, 2021, the board of directors of Pacific Oak Strategic Opportunity REIT, Inc. approved the temporary suspension of processing redemptions under the share redemption program. The temporary suspension will be in effect for October and November 2021 redemptions and will resume at the end of December 2021. This will impact redemption requests made in connection with a stockholder’s death, disability or determination of incompetence, but has no impact on ordinary redemption requests, which are typically made only at quarter end.

Source: SEC

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Ramón A. Rivera-Ramos
Blue Vault Nontraded REIT and Nontraded BDC Reviews
September 1, 2016

Blue Vault helps me to stay well informed on the financial status of both open and closed nontraded REITs and BDCs, so that I can help my clients better understand the product, before they make the decision to invest and after.