Welcome to our dedicated page for Pacific Oak Stra SEC filings (Ticker: PCOK), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The SEC filings page for Pacific Oak Strategic Opportunity REIT, Inc. (PCOK) brings together the company’s regulatory disclosures, with a focus on Form 8-K reports that describe material events and evolving financial conditions. Through these filings, investors can see how the company explains its liquidity challenges, defaults on bond obligations, and negotiations with creditors.
Key documents include 8-K filings that outline the standstill agreement entered into in August 2025 with the trustee for holders of bonds issued by the wholly owned subsidiary, Pacific Oak SOR (BVI) Holdings, Ltd. These filings also describe the formation of a special committee of independent directors to explore strategic alternatives and the engagement of Robert A. Stanger & Co., Inc. as financial advisor.
Another category of filings involves the subsidiary’s IFRS consolidated and separate interim financial statements. Because Pacific Oak SOR (BVI) Holdings, Ltd. issued Series B and D bonds to investors in Israel, it prepares IFRS financial statements that are filed with the Israel Securities Authority. English translations of these statements are furnished to the SEC as exhibits to Form 8-K, giving U.S. investors access to this information.
The filings also detail the renewal of the advisory agreement with Pacific Oak Capital Advisors, LLC, including its month-to-month structure and its relationship to payment restrictions in the standstill agreement. On this page, users can review these and other filings in sequence, while AI-powered summaries help explain the purpose and implications of each document, from bond defaults and advisory arrangements to decisions about publishing an estimated per share net asset value.
Pacific Oak Strategic Opportunity REIT has dismissed Ernst & Young as its independent auditor, with the board stating there were no disagreements or adverse opinions in recent years. Ernst & Young’s response letter is attached as an exhibit.
The company’s Israeli subsidiary BVI is pursuing a court-supervised debt arrangement for its Series B and Series D bonds, with a creditor meeting ordered but not yet scheduled. The board has dissolved the audit committee and no longer plans to file Form 10‑K or Form 10‑Q, instead providing quarterly financial statements of BVI under IFRS. The board will not currently seek stockholder approval of a liquidation plan or update its estimated net asset value per share, and independent directors have waived all accrued and future fees to reduce expenses.
Pacific Oak Strategic Opportunity REIT, Inc. reported that it and its operating partnership received a default notice from former advisor Pacific Oak Capital Advisors, LLC regarding a $10.0 million related party loan dated July 14, 2025. The advisor’s notice alleges no interest has been paid, claims the loan is in default with all principal and interest now due, and states that default interest is accruing and more collateral is required under a pledge agreement. The company is reviewing payments made to the advisor since the loan was issued and expressly reserves its rights to dispute that any default has occurred.
Pacific Oak Strategic Opportunity REIT, Inc. filed an initial insider ownership report for Brian D. Ragsdale in connection with his roles as President, Chief Executive Officer and Chief Financial Officer. This Form 3 indicates that, as of the event date, he reports no securities beneficially owned in the company, and there are no listed non-derivative or derivative holdings. The filing is a routine disclosure required under securities regulations to document the starting point of his reportable ownership position as a senior officer.
Pacific Oak Strategic Opportunity REIT, Inc. is moving toward a wind-down. A special committee of independent directors has unanimously agreed to pursue a plan of liquidation, subject to board and stockholder approval. The company cites a difficult financial situation, a prior standstill with bondholders of its BVI subsidiary and ongoing Israeli bondholder negotiations.
Under a new agreement with its BVI subsidiary, the advisory contract with Pacific Oak Capital Advisors will end on January 31, 2026, and the BVI will instead engage Westdale Asset Management to manage assets and R2 Advisors to provide accounting and reporting support. The BVI has agreed to provide the company with up to $905,000 over three months to cover working capital, regulatory compliance and costs tied to pursuing liquidation.
The board has also overhauled leadership. Brian Ragsdale has been appointed President, Chief Executive Officer and Chief Financial Officer for total compensation of $60,000 through the filing of the March 31, 2026 Form 10‑Q, while prior leaders Peter McMillan and Keith D. Hall have been removed from their executive roles and asked to resign from the board.
Pacific Oak Strategic Opportunity REIT, Inc. insider Keith D. Hall, who serves as both director and Chief Executive Officer, reported two indirect ownership changes. On 12/30/2025, a controlled entity, GKP Holding LLC, rescinded 2,503,452.65 restricted common shares before they vested for a stated price of $0, leaving 901,509.91 shares indirectly held. On 12/31/2025, another controlled entity, Willowbrook Capital Group LLC, disposed of 901,509.91 common shares for total consideration of $1, reducing Hall’s reported indirect beneficial ownership of the issuer’s common stock to zero.
Pacific Oak Strategic Opportunity REIT, Inc. insider activity shows significant changes in indirect holdings. A Form 4 reports that on 12/30/2025, restricted common shares totaling 2,503,452.65 were rescinded at a stated price of $0 by GKP Holding LLC, a limited liability company owned and controlled by the reporting person. Following this, 901,509.91 common shares were indirectly held through GKP Holding LLC.
On 12/31/2025, 901,509.91 common shares were disposed of at a stated price of $0 through Willowbrook Capital Group LLC, another limited liability company owned and controlled by the reporting person, for total consideration of $1. The reporting person, who serves as Chairman of the Board, President, and Director, no longer held shares through Willowbrook after this transaction while maintaining indirect ownership through GKP Holding LLC.
Pacific Oak Strategic Opportunity REIT, Inc. reports that its board’s special committee is continuing to explore strategic alternatives with the help of financial advisor Robert A. Stanger & Co., Inc., amid a difficult liquidity situation and negotiations with Israeli bondholders.
The company, which is in default on its Series B and D bonds issued by its BVI subsidiary and on the majority of its other loans, has decided not to publish its customary December estimate of per share net asset value while this review is underway. It explains that custodians may show little or no value, such as $0.01 per share, on account statements and cautions that, depending on the outcome of lender negotiations and other factors, stockholders may ultimately not realize any future value from their shares.
Pacific Oak Strategic Opportunity REIT, Inc. reported that its wholly owned subsidiary, Pacific Oak SOR (BVI) Holdings, Ltd., has filed interim financial statements in Israel related to bonds offered there since February 2020. Because those Series B and D bonds were registered with the Israel Securities Authority, the BVI subsidiary must prepare financial statements under International Financial Reporting Standards (IFRS).
On November 30, 2025, the BVI subsidiary filed IFRS consolidated and separate interim financial statements for the three and nine months ended September 30, 2025. English translations of these consolidated and separate statements are being made available as Exhibits 99.1 and 99.2. The company notes that this information is being furnished, not filed, to the SEC, which limits how it is treated under U.S. securities laws.
Pacific Oak Strategic Opportunity REIT, Inc. reported a larger Q3 loss and raised going concern doubts. For the quarter ended September 30, 2025, total revenues were $28.5 million and net loss was $119.9 million, driven by $76.8 million of real estate impairments and higher foreign currency losses. Year-to-date, the company recorded a $247.2 million net loss, including $128.8 million of impairments.
The balance sheet shifted to a deficit: total assets were $884.8 million, liabilities were $976.4 million, and total (deficit) equity was $(91.6) million. Notes and bonds payable totaled $877.0 million in principal, with $568.1 million scheduled from October–December 2025 and $308.9 million in 2026. The company disclosed multiple technical defaults and covenant breaches and is negotiating under a standstill with Israeli bondholders after its Series B and D bonds were downgraded to ilB, creating an event of default and potential acceleration rights.
Operationally, occupancy in office assets was 66%, residential homes 92%, and the apartment property 86%. The company sold Georgia 400 Center for $39.1 million, recognizing a $7.6 million loss and repaying $39.5 million of related debt. As of November 12, 2025, common shares outstanding were 102,951,395.
Pacific Oak Strategic Opportunity REIT, Inc. announced governance steps tied to its difficult financial situation. On October 14, 2025, the board formed a Special Committee of all independent directors to explore strategic alternatives. On November 3, 2025, the Special Committee engaged Robert A. Stanger & Co., Inc. as financial advisor to assist with this process.
The actions follow a standstill agreement entered in August 2025 with the trustee for holders of bonds issued by subsidiary Pacific Oak SOR (BVI) Holdings, Ltd., and ongoing negotiations with Israeli bondholders.