Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Pacific Oak Strategic Opportunity REIT, Inc. completed a disposition involving Forestar (USA) Real Estate Group Inc., through itself and/or a wholly owned subsidiary, and D.R. Horton, Inc. for aggregate gross sales proceeds of $223.1 million, before closing costs, taxes, reimbursements and credits (closed 2024-10-03).
- Action
- disposition
- Counterparty
- Forestar (USA) Real Estate Group Inc., through itself and/or a wholly owned subsidiary, and D.R. Horton, Inc.
- Consideration
- aggregate gross sales proceeds of $223.1 million, before closing costs, taxes, reimbursements and credits
- Closing
- 2024-10-03
Exact text from the filing
On October 3, 2024, Pacific Oak Strategic Opportunity REIT, Inc. (the “Company”), through a wholly owned subsidiary, closed on the final phase of three transactions to sell a total of 501 developable acres of land in North Las Vegas, Nevada to buyers unaffiliated with the Company or the Company’s advisor, Forestar (USA) Real Estate Group Inc., through itself and/or a wholly owned subsidiary, and D.R. Horton, Inc., for aggregate gross sales proceeds of $223.1 million, before closing costs, taxes, reimbursements and credits.
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