Pacific Oak Strategic Opportunity REIT Announces $9.68 Estimated NAV
December 10, 2020
Estimated Value Per Share
On December 4, 2020, the board of directors of Pacific Oak Strategic Opportunity REIT approved an estimated value per share of the Company’s common stock of $9.68 based on the estimated value of the Company’s assets less the estimated value of the Company’s liabilities, or net asset value, divided by the number of shares outstanding, all as of September 30, 2020, with the exception of the following adjustments: (i) an adjustment for the Merger and related expenses incurred and (ii) the issuance of 28,973,906 shares of the Company’s common stock in connection with the Merger, as described further herein (collectively the “Adjustments”). Other than the Adjustments, there have been no material changes between September 30, 2020 and the date of this filing to the net values of the Company’s assets and liabilities that materially impacted the overall estimated value per share. The Company is providing this estimated value per share to assist broker-dealers that participated in the Company’s initial public offering in meeting their customer account statement reporting obligations under National Association of Securities Dealers Conduct Rule 2340 as required by the Financial Industry Regulatory Authority (“FINRA”). This valuation was performed in accordance with the provisions of and also to comply with Practice Guideline 2013–01, Valuations of Publicly Registered Non-Listed REITs, issued by the Institute for Portfolio Alternatives (“IPA”) in April 2013.
Source: SEC
