Pacific Oak REIT Files 8-K on Material Definitive Agreement

TL;DR

**Pacific Oak REIT just filed an 8-K about a new material agreement, but the details aren't public yet.**

AI Summary

Pacific Oak Strategic Opportunity REIT, Inc. filed an 8-K on January 18, 2024, reporting an event that occurred on January 16, 2024, related to an "Entry into a Material Definitive Agreement" and "Other Events." This filing is a standard disclosure and does not contain specific financial details or impacts on the company's operations or stock value, as it lacks the actual agreement details. For investors, this means there's no immediate actionable information, but it signals that a significant agreement has been made, the specifics of which are not yet public.

Why It Matters

This filing indicates Pacific Oak Strategic Opportunity REIT, Inc. has entered into a significant agreement, which could impact its future operations or financial health, though the specific details are not yet disclosed.

Risk Assessment

Risk Level: low — The filing itself is a standard disclosure of an event, not an event that inherently carries high risk without further details.

Analyst Insight

A smart investor would monitor subsequent filings (like a 10-K or 10-Q, or another 8-K) for details on the 'Material Definitive Agreement' to understand its potential impact on Pacific Oak Strategic Opportunity REIT, Inc.'s financials and operations.

Key Players & Entities

• Pacific Oak Strategic Opportunity REIT, Inc. (company) — the registrant filing the 8-K
• January 16, 2024 (date) — date of the earliest event reported
• January 18, 2024 (date) — date the 8-K was filed
• Maryland (company) — state of incorporation for the registrant
• 000-54382 (company) — Commission File Number
• 26-3842535 (company) — IRS Employer Identification No.
• 11766 Wilshire Blvd., Suite 1670 Los Angeles, California 90025 (company) — address of principal executive offices
• (424) 208-8100 (company) — registrant's telephone number

FAQ

Filing Documents

• pacoaksor-20240116.htm (8-K) — 33KB
• posoradvisoryagreementno.htm (EX-99.1) — 87KB
• posorwest4capitalmini-te.htm (EX-99.2) — 8KB
• posoradvisoryagreementno001.jpg (GRAPHIC) — 563KB
• posoradvisoryagreementno002.jpg (GRAPHIC) — 979KB
• posoradvisoryagreementno003.jpg (GRAPHIC) — 1039KB
• posoradvisoryagreementno004.jpg (GRAPHIC) — 778KB
• posoradvisoryagreementno005.jpg (GRAPHIC) — 1125KB
• posoradvisoryagreementno006.jpg (GRAPHIC) — 987KB
• posoradvisoryagreementno007.jpg (GRAPHIC) — 843KB
• posoradvisoryagreementno008.jpg (GRAPHIC) — 60KB
• posorwest4capitalmini-te001.jpg (GRAPHIC) — 460KB
• 0001452936-24-000019.txt ( ) — 9691KB
• pacoaksor-20240116.xsd (EX-101.SCH) — 2KB
• pacoaksor-20240116_lab.xml (EX-101.LAB) — 22KB
• pacoaksor-20240116_pre.xml (EX-101.PRE) — 11KB
• pacoaksor-20240116_htm.xml (XML) — 3KB

01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT Renewal of Advisory Agreement On January 18, 2024, Pacific Oak Strategic Opportunity REIT, Inc. (the "Company") renewed its advisory agreement with Pacific Oak Capital Advisors, LLC (the "Advisor"), effective as of November 1, 2023 (the "Advisory Agreement"). The Advisory Agreement is effective through November 1, 2024. The terms of the Advisory Agreement are consistent with those of the advisory agreement that was previously in effect, except that in the Advisory Agreement, the monthly asset management fee paid to the Advisor has been increased from one-twelfth of 0.75%, to one-twelfth of 1.0%, of the sum of the Cost of Real Estate Investments and the Cost of Loans and other Permitted Investments (excluding investments in Pacific Oak Residential Trust, Inc. ("PORT") or made through PORT). As defined in the Advisory Agreement, the "Cost of Real Estate Investments" means the sum of (i) with respect to properties wholly owned, directly or indirectly, by the Company, the amount actually paid or allocated to the purchase, development, construction or improvement of properties, inclusive of fees and expenses related thereto, plus the amount of any outstanding debt attributable to such properties and (ii) in the case of properties owned by any joint venture or partnership in which the Company or its operating partnership is, directly or indirectly, a partner, the portion of the amount actually paid or allocated to the purchase, development, construction or improvement of properties, inclusive of fees and expenses related thereto, plus the amount of any outstanding debt associated with such properties that is attributable to the Company's investment in the joint venture or partnership. The "Cost of Loans and other Permitted Investments" means the sum of the cost of all loans and permitted investments held, directly or indirectly, by the Company, calculated each month on an ongoing basis, and calculated as follows for

01 OTHER EVENTS

ITEM 8.01 OTHER EVENTS Mini-Tender Recommendation On January 16, 2024, the Company approved recommending to its stockholders that they reject a mini-tender offer to be made by West 4 Capital, Limited Partnership for up to 775,000 shares of the Company's common stock, which is approximately 0.7% of the outstanding shares. The Company's response to the mini-tender offer is attached to this Form 8-K as Exhibit 99.2.

01 FINANCIAL STATEMENTS AND EXHIBITS

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS Ex. Description 99.1 Advisory Agreement, by and between the Company and Pacific Oak Capital Advisors, LLC, effective as of November 1, 2023 99.2 Pacific Oak Strategic Opportunity REIT, Inc. Response to Mini-Tender Offer 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PACIFIC OAK STRATEGIC OPPORTUNITY REIT, INC. Dated: January 18, 2024 BY: /s/ Michael A. Bender Michael A. Bender Chief Financial Officer, Treasurer and Secretary

View Full Filing

View this 8-K filing on SEC EDGAR