secwatch.observer — SEC 8-K summary
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Issuer:     Strategic Realty Trust, Inc. (—)
CIK:        0001446371
Form:       8-K
Filed at:   2022-12-27T23:59:59+00:00
Accession:  0001446371-22-000042
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Strategic Realty Trust sells Hollywood property for $12.9M, repays $8.7M loan
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- Sold Sunset & Gardner property (Hollywood, CA) to Bedrock Properties Group for $12.9M cash, before closing costs and transaction fees.
- Repaid $8.7M Lone Oak Fund loan secured by the property; net cash available after closing costs ~$3.7M.
- Pro forma net loss for 9M 2022 improves from $8.9M to $5.5M after removing property's operations and impairment loss.
- Pro forma total assets decline ~$9.9M to $53.2M; total equity declines ~$1.2M to $18.8M.
- Disposition reduces debt by $8.7M and eliminates ongoing operating losses from the joint venture property.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1446371/000144637122000042/0001446371-22-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1446371/000144637122000042/srtr-20221221.htm
  HTML page:      https://secwatch.observer/filing/0001446371-22-000042

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