Pacific Oak REIT Enters Material Definitive Agreement

TL;DR

Pacific Oak REIT signed a big deal on 8/26, details TBD.

AI Summary

On August 26, 2025, Pacific Oak Strategic Opportunity REIT, Inc. entered into a material definitive agreement. The filing does not provide specific details on the agreement, its counterparty, or any associated financial figures.

Why It Matters

This filing indicates a significant new contract or deal for the REIT, which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — The lack of specific details in the filing creates uncertainty about the nature and impact of the agreement.

Key Players & Entities

• Pacific Oak Strategic Opportunity REIT, Inc. (company) — Registrant
• August 26, 2025 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $250,000 — olders, including making payments above $250,000 (other than specified exceptions), gran

Filing Documents

• pacoaksor-20250826.htm (8-K) — 30KB
• 0001452936-25-000090.txt ( ) — 137KB
• pacoaksor-20250826.xsd (EX-101.SCH) — 2KB
• pacoaksor-20250826_lab.xml (EX-101.LAB) — 20KB
• pacoaksor-20250826_pre.xml (EX-101.PRE) — 11KB
• pacoaksor-20250826_htm.xml (XML) — 3KB

01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT On August 26, 2025, Pacific Oak Strategic Opportunity REIT, Inc. (the "Company"), its indirect wholly owned subsidiary, Pacific Oak SOR (BVI) Holdings, Ltd. (the "BVI"), and its external advisor, Pacific Oak Capital Advisors, LLC (the "Advisor") entered into a letter of undertaking (the "Standstill Letter") in favor of Reznik Paz Nevo Trusts Ltd., as trustee (the "Trustee") for the holders of Series B and Series D bonds issued by the BVI, and the holders of such bonds. The Company entered into the Standstill Letter in order to induce the Trustee to enter into negotiations, on behalf of the bondholders, with the Company, to restructure the terms of the bonds, including but not limited to financial covenants, interest rate, collateral and maturity. Pursuant to the Standstill Letter, the Company, the BVI and the Advisor agreed to certain restrictions and obligations during an interim period (the "Interim Period"), which remains in effect until the earlier of (i) 20 days following the BVI's publication of an immediate report in Israel electing to terminate the Standstill Letter, or (ii) the date on which a meeting of any series of bondholders resolves to accelerate such series for immediate repayment. During the Interim Period, the BVI and all entities it controls (the "BVI Group") agreed to provide the Trustee with ongoing transparency, including information about the BVI Group, and any material developments such as anticipated breaches of agreements or legal proceedings, and to allow the Trustee's representatives to participate in financing and sale discussions. The BVI Group further agreed not to take certain actions without first obtaining approval from the bondholders, including making payments above $250,000 (other than specified exceptions), granting or amending security interests or guarantees, incurring or refinancing indebtedness, selling or pledging assets, amending agreements with the Company or its Adv

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K 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 ongoing negotiations with holders of the Company's Series B and Series D bonds to restructure the terms of the bonds. 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, 2024, Part II, Item 1A of the Company's Quarterly Report on Form 10-Q for the period ended March 31, 2025, and Part II, Item 1A of the Company's Quarterly Report on Form 10-Q for the period ended June 30, 2025, each as filed with the SEC.

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: August 28, 2025 BY: /S/ PETER MCMILLAN III Peter McMillan III Chairman of the Board, President and Director (principal financial officer)

View Full Filing

View this 8-K filing on SEC EDGAR