Which nontraded REIT has hedged its Israel Shekel liabilities using a foreign currency collar that hedges against a change in the exchange rate of the Israeli new Shekel versus the U.S. Dollar?
Answer: Pacific Oak Strategic Opportunity REIT, Inc. As of June 30, 2021, the REIT had bonds outstanding and the related interest payable in the amounts of 892.1 million Israeli new Shekels and 13.1 million Israeli new Shekels, respectively. The REIT has issued Series B debentures denominated in Shekels to Israeli investors.
