Pacific Oak Strategic Opportunity Reit, Inc. 8-K Filing

Ticker: PCOK · Form: 8-K · Filed: Sep 5, 2024 · CIK: 1452936

Pacific Oak Strategic Opportunity Reit, Inc. 8-K Filing Summary
FieldDetail
CompanyPacific Oak Strategic Opportunity Reit, Inc. (PCOK)
Form Type8-K
Filed DateSep 5, 2024
Pages4
Reading Time5 min
Key Dollar Amounts$85.6 million, $106.2 million, $1.7 million, $2.5 million
Sentimentneutral

Sentiment: neutral

FAQ

What type of filing is this?

This is a 8-K filing submitted by Pacific Oak Strategic Opportunity Reit, Inc. (ticker: PCOK) to the SEC on Sep 5, 2024.

What are the key financial figures in this filing?

Key dollar amounts include: $85.6 million (lion Israeli new shekels (approximately $85.6 million as of September 2, 2024) of the 388.1 m); $106.2 million (lion Israeli new shekels (approximately $106.2 million as of September 2, 2024) January 31, 20); $1.7 million (lion Israeli new shekels (approximately $1.7 million as of September 2, 2024) of interest, t); $2.5 million (lion Israeli new shekels (approximately $2.5 million as of September 2, 2024). ITEM 7.01 R).

How long is this filing?

Pacific Oak Strategic Opportunity Reit, Inc.'s 8-K filing is 4 pages with approximately 1,228 words. Estimated reading time is 5 minutes.

Where can I view the full 8-K filing?

The complete filing is available on SEC EDGAR. You can also read the AI-decoded analysis with risk assessment and key highlights on ReadTheFiling.

Filing Stats: 1,228 words · 5 min read · ~4 pages · Grade level 12.3 · Accepted 2024-09-05 14:06:53

Key Financial Figures

  • $85.6 million — lion Israeli new shekels (approximately $85.6 million as of September 2, 2024) of the 388.1 m
  • $106.2 million — lion Israeli new shekels (approximately $106.2 million as of September 2, 2024) January 31, 20
  • $1.7 million — lion Israeli new shekels (approximately $1.7 million as of September 2, 2024) of interest, t
  • $2.5 million — lion Israeli new shekels (approximately $2.5 million as of September 2, 2024). ITEM 7.01 R

Filing Documents

01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT Renewal of PORT Advisory Agreement — Exhibit 10.1 On September 1, 2024, Pacific Oak Residential Trust, Inc., a wholly owned subsidiary of Pacific Oak Strategic Opportunity REIT, Inc., a Maryland corporation (the "Company"), renewed its advisory agreement (the "PORT Advisory Agreement") with Pacific Oak Residential Advisors, LLC, an affiliate of the Company's advisor. The PORT Advisory Agreement is effective through September 1, 2025. The terms of the PORT Advisory Agreement are consistent with those of the advisory agreement that was previously in effect. The PORT Advisory Agreement is attached to this Form 8-K as Exhibit 10.1. Amendment to Series B Deed of Trust The information contained in Item 2.04 with respect to the entrance into the Amendment to the Series B Deed of Trust is hereby incorporated by reference to this Item 1.01. ITEM 2.04 TRIGGERING EVENTS THAT ACCELERATE OR INCREASE A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT On September 2, 2024, Pacific Oak SOR (BVI) Holdings, Ltd. (the "BVI"), a wholly owned subsidiary of the Company, entered into an amendment (the "Amendment") to the Deed of Trust for the BVI's Series B Debentures, dated February 12, 2020 (the "Series B Deed of Trust") pursuant to which the BVI would voluntarily repay, earlier than scheduled, part of the amount previously scheduled to be paid to the Series B bondholders on January 31, 2025. The Amendment is between the BVI and Reznik Paz Nevo Trusts Ltd., the trustee previously appointed in connection with the Series B Deed of Trust. Pursuant to the Amendment, 312.8 million Israeli new shekels (approximately $85.6 million as of September 2, 2024) of the 388.1 million Israeli new shekels (approximately $106.2 million as of September 2, 2024) January 31, 2025 Series B bond payment and 6.1 million Israeli new shekels (approximately $1.7 million as of September 2, 2024) of interest, that had pr

01 REGULATION FD DISCLOSURE

ITEM 7.01 REGULATION FD DISCLOSURE September 2024 Bondholder Presentation — Exhibit 99.1 The BVI completed offerings of Series B, C and D bonds since February 2020. Such offerings were made to investors in Israel and were registered with the Israel Securities Authority. On September 5, 2024, the BVI intends to use the English translation of the bondholder presentation attached as Exhibit 99.1 hereto in meetings with prospective bondholders. The information in this Item 7.01 of Form 8-K and the attached Exhibit 99.1 are furnished to the Securities and Exchange Commission ("SEC"), and shall not be deemed to be "filed" with the SEC for any purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act regardless of any general incorporation language in such filing.

Forward-Looking Statements

Forward-Looking Statements The bondholder presentation includes forward-looking statements within the meaning of the Federal Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include statements regarding the intent, belief or current expectations of the Company and members of its management team, as well as the assumptions on which such statements are based, and generally are identified by the use of words such as "may," "will," "seeks," "anticipates," "believes," "estimates," "expects," "plans," "intends," "should" or similar expressions. Further, forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law. Actual results may differ materially from those contemplated by such forward-looking statements. These statements also depend on factors such as: future economic, competitive and market conditions; the Company's ability to maintain occupancy levels and rental rates at its real estate properties; and other risks identified in Part I, Item IA of the Company's Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC.

01 FINANCIAL STATEMENTS AND EXHIBITS

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits Ex. Description 10.1 Advisory Agreement among Pacific Oak Residential Trust, Inc., PORT OP LP, Pacific Oak Residential Advisors, LLC, Pacific Oak Capital Advisors, LLC, Keith D. Hall and Peter McMillan III, effective as of September 1, 2024 99.1 September 2024 Bondholder Presentation 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2

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: September 5, 2024 BY: /s/ Michael A. Bender Michael A. Bender Chief Financial Officer, Treasurer and Secretary

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