secwatch.observer — SEC 8-K summary
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Issuer:     Pacific Oak Strategic Opportunity REIT, Inc. (—)
CIK:        0001452936
Form:       8-K
Filed at:   2024-03-14T23:59:59+00:00
Accession:  0001452936-24-000021
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Pacific Oak sells 454-acre Village 2 in NV to KB Home & Tri Pointe for $195M in two phases
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- Phase 1: 212.14 acres for ~$91M closing by July 31, 2024; Phase 2: 242.17 acres for ~$104M closing by July 31, 2025.
- Buyer to make $10M total deposit ($2M initial, $8M after due diligence); deposit released to Company at Phase 2 closing.
- Closing conditions include city approval of entitlement modifications, completion of Required Infrastructure Work, and termination of deeds of trust.
- Portions of Village 2 (209.14 acres in Phase 1, 144.98 in Phase 2) were pledged as collateral for 2023 Series C bond offering to Israeli investors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1452936/000145293624000021/0001452936-24-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1452936/000145293624000021/pacoaksor-20240310.htm
  HTML page:      https://secwatch.observer/filing/0001452936-24-000021

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