secwatch.observer — SEC 8-K summary
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Issuer:     OCEANFIRST FINANCIAL CORP (OCFC)
CIK:        0001004702
Form:       8-K
Filed at:   2026-06-29T22:05:32+00:00
Accession:  0001004702-26-000111
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OceanFirst completes $1.3B sale of NYC multifamily loans post-Flushing merger
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- Sold $1.3B multifamily loan portfolio, largely NYC metro, majority rent-regulated.
- Post-sale, loans with >50% rent-regulated units represent less than 2.5% of total assets.
- Portfolio included 1,400+ loans; $736M had rent-regulated exposure.
- Purchase price consistent with initial valuation estimates at acquisition announcement.
- BofA Securities served as exclusive financial advisor and selling agent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1004702/000100470226000111/0001004702-26-000111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1004702/000100470226000111/ocfc-20260629.htm
  HTML page:      https://secwatch.observer/filing/0001004702-26-000111

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer