Pacific Oak Strategic Opportunity REIT Inc.
10/09/2024 | Press release | Distributed by Public on 10/09/2024 15:26
Asset Transaction Form 8 K
ITEM 2.01 COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS
Park Highlands Sales
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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