Pacific Oak Strategic Opportunity REIT Declares January Distribution
January 24, 2020
On January 23, 2020, the board of directors of Pacific Oak Strategic Opportunity REIT, Inc. authorized a distribution in the amount of $0.0086 per share of common stock to stockholders of record as of the close of business on January 24, 2020. The Company expects to pay this distribution on or about January 29, 2020. (This monthly distribution rate is approximately 1.0% annualized, based upon the original $10.00 offering price adjusted for two special distributions of $3.61 and $2.95, according to Blue Vault.)
Pacific Oak Strategic Opportunity REIT, Inc. is a net asset value (“NAV”)-based perpetual life real estate investment trust (“REIT”) that invests in and manage a diverse portfolio of opportunistic real estate, real estate-related loans, real estate-related securities, and other real estate-related investments. As of September 30, 2019, the REIT’s portfolio was composed of seven office properties, one office portfolio consisting of four office buildings and 14 acres of undeveloped land, one apartment property and three investments in undeveloped land with approximately 1,000 developable acres and owned five investments in unconsolidated joint ventures and four investments in real estate equity securities. The REIT is externally managed by its advisor, Pacific Oak Capital Advisors, LLC.
Pacific Oak Companies was founded in November 2018 by two of the co-founders of KBS Capital Advisors, Keith Hall, and Peter McMillan III. Pacific Oak Companies is comprised of Pacific Oak Capital Advisors LLC, Pacific Oak Capital Markets Group LLC, and Pacific Oak Holdings LLC.
Source: SEC, Pacific Oak Companies, Blue Vault
