---
schema_version: "secwatch.filing_event.v1"
accession: "0001999371-24-005726"
form_type: "8-K"
ticker: "IOR"
cik: "0000949961"
company_name: "INCOME OPPORTUNITY REALTY INVESTORS INC /TX/"
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T21:35:37.758202+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# IOR amends advisory agreement; consolidates fees into NAV fee and reimbursements

## Summary
- Effective Jan 1, 2024, IOR and Pillar signed amended advisory agreement simplifying fee structure.
- Prior separate fees replaced by a single Gross Asset Fee of 0.75% per annum of average Gross Asset Value.
- Additional Net Income Fee of 7.5% per annum of Adjusted Net Income, paid quarterly after Form 10-Q/K filings.
- No changes to duties or responsibilities of Pillar or IOR; agreement effective through next annual meeting and renewable.
- Pillar continues as external advisor since 2011.

## SEC filing metadata
- accession: 0001999371-24-005726
- form_type: 8-K
- ticker: IOR
- cik: 0000949961
- company_name: INCOME OPPORTUNITY REALTY INVESTORS INC /TX/
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/949961/000199937124005726/0001999371-24-005726-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/949961/000199937124005726/ior-8k_050724.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001999371-24-005726
- JSON: https://secwatch.observer/filing/0001999371-24-005726.json
- Plain text: https://secwatch.observer/filing/0001999371-24-005726.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.