Pacific Oak Strategic Opportunity REIT Inc., a publicly registered non-traded real estate investment trust formerly known as KBS Strategic Opportunity REIT Inc., has declared an estimated net asset value per share of $10.50 for its common stock as of Sept. 30, 2022.
The previous NAV per share from last year’s valuation was $10.68, which the board approved in December 2021.
The NAV per share is based on the estimated value of the company’s assets, less the estimated value of its liabilities, divided by the number of outstanding shares, all as of Sept. 30, 2022.
As The DI Wire reported, the board did provide a special distribution to common stockholders as of Dec. 30, 2021, which adjusted last year’s estimated value per share to $9.51.
The REIT’s conflicts committee, composed of independent directors, engaged Kroll LLC for the appraisals of company’s commercial assets, Colliers International Valuation & Advisory Services LLC for undeveloped land holdings, and HouseCanary Inc. for the valuation of the residential home portfolio.
Pacific Oak Capital Advisors LLC, the REIT’s external advisor, performed valuations of the REIT’s other assets and liabilities.
Pacific Oak Strategic Opportunity REIT invests in opportunistic real estate and other real estate-related investments and manages a portfolio valued in excess of $2 billion comprised primarily of office, land, apartment, single-family rental and hotel assets.
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