Strategic Opportunity REIT

No Form 1099 issued for 2023 as there was no taxable activity for the year.

Pacific Oak Strategic Opportunity REIT is a non-traded Real Estate Investment Trust (REIT) that closed its initial public offering on November 20, 2012. On October 01, 2020 Pacific Oak Strategic Opportunity REIT II shareholders approved the merger into Pacific Oak Strategic Opportunity REIT. This REIT was designed to capitalize on the dislocation, lack of liquidity, and government intervention that exists in the commercial real estate markets by acquiring a diverse portfolio of opportunistic investments in discounted debt and distressed equity assets. The goal of Pacific Oak Strategic Opportunity REIT is to provide stockholders attractive total returns through the purchase of non-performing loans at favorable prices and real estate from distressed sellers who are unable to come up with the capital to re-size maturing loans in the face of a reduced capital supply and tighter lending standards.

(1) Shares of Strategic Opportunity REIT are subject to risks. These risks may include changes in real estate value and other investments, changes in tax laws, impacts of COVID-19 or other pandemics, lack of liquidity due to no public market. See filings with the SEC for more information.

To view Pacific Oak Strategic Opportunity REIT II historical information, such as past investor information, press releases, and distributions, please click here.

Name	Board of Directors	Conflicts Committee	Audit Committee
Keith Hall				Keith Hall Mr. Hall along with Peter McMillan are co-founders of Pacific Oak Capital. Mr. Hall is also a co-founder of Newport Beach based KBS Capital Advisor and Willowbrook Capital Group, LLC, an asset management company located in Los Angeles. Prior to forming Willowbrook Capital, Mr. Hall was a Managing Director at Credit Suisse First Boston where he managed distribution strategy and business development for the Principal Transaction Group’s real estate securities portfolio. In this capacity, Mr. Hall’s two primary business unit responsibilities were mezzanine lending and commercial real estate development. Prior to joining CS First Boston in 1996, Mr. Hall served as a Director in the Real Estate Products Group at Nomura Securities. He was responsible for the company’s distribution and trading of fixed-income commercial mortgage-backed securities. Mr. Hall spent the 1980s as a Senior Vice President in the High-Yield department of Drexel Burnham Lambert’s Beverly Hills office where he was responsible for the distribution and trading of the group’s high-yield real estate securities.
Peter McMillan				Peter McMillan Mr. McMillan along with Mr. Hall are co-founders of Pacific Oak Capital. Mr. McMillan is also a co-founder of Newport Beach based KBS Capital Advisor and Willowbrook Capital Group, LLC, an asset management company located in Los Angeles. Prior to forming Willowbrook Capital, Mr. McMillan served as the executive vice president and chief investment officer of SunAmerica Investments, Inc., which was later acquired by AIG. As chief investment officer, he was responsible for over $75 billion in assets, including residential and commercial mortgage-backed securities, public and private investment-grade and non-investment-grade corporate bonds and commercial mortgage loans and real estate investments. Before joining SunAmerica in 1989, he served as assistant vice president for Aetna Life Insurance and Annuity Company with responsibility for the company’s $6 billion fixed-income portfolios. Mr. McMillan received his Master of Business Administration degree in finance from the Wharton Graduate School of Business at the University of Pennsylvania and his Bachelor of Arts degree with honors in economics from Clark University. Mr. McMillan is a director of TCW/ MetWest Mutual Funds.
Kenneth G. Yee*$				Kenneth G. Yee Kenneth G. Yee is one of our independent directors. Since 2000, Mr. Yee has been the President and Chief Executive Officer of Ridgecrest Capital, Inc., a real estate financial advisory services and structured finance firm. Mr. Yee previously served in the same positions for Ridgecrest Capital, Inc. from 1992 to 1997. From 2007 to June 2011, Mr. Yee was also the managing director of Cappello Capital Corp. Mr. Yee served as Senior Vice President of Acquisitions for Imperial Credit Commercial Mortgage Investment Corp from 1998 to 1999. From 1990 to 1991, Mr. Yee served as Vice President and Controller for Secured Capital Corp. (now known as Eastdil Secured LLC, a division of Wells Fargo), a real estate advisory and investment banking firm. Prior to that, he was a Vice President at Drexel Burnham Lambert from 1987 to 1990. From 1986 to 1987, Mr. Yee was an associate consultant for Kenneth Leventhal & Company, a real estate consulting and public accounting firm. Mr. Yee was a financial analyst with Deseret Pacific Mortgage from 1985 to 1986 and he was a senior accountant with Ernst & Whinney, a public accounting firm, from 1982 to 1985. Mr. Yee received Bachelor of Science in Business Administration, Master of Business Administration and Master of Business Taxation degrees from the University of Southern California. He also received a Master of Science in Real Estate Development degree from the Massachusetts Institute of Technology and a Juris Doctor degree from the University of California, Los Angeles. Mr. Yee is a Chartered Financial Analyst, a Certified Public Accountant, a licensed attorney and a licensed real estate broker.
William M. Petak*				William M. Petak William M. Petak is one of our independent directors. Since April 2009, Mr. Petak has served as the Managing Principal of CorAmerica Capital LLC, a commercial real estate loan investment manager. CorAmerica Capital was established to acquire discounted performing mortgage and real estate-related assets as well as originate new real estate investments. Mr. Petak has over 26 years of experience in the real estate industry and 20 years of experience investing in real estate-related debt investments. From January 2005 to April 2009, Mr. Petak served as Senior Vice President and Director for AIG Mortgage Capital, LLC, a subsidiary of American International Group, Inc. (AIG). Mr. Petak also served as National Head of Mortgage Lending and Real Estate for the retirement services company, SunAmerica, Inc., from January 1999 to August 2001, and served as Managing Director for AIG Investments, Inc. as well as National Head of Mortgage Lending and Real Estate for both SunAmerica and the life insurance company American General from August 2001 to April 2009. Both SunAmerica and American General were acquired by AIG in 1999 and 2001, respectively, and were managed on a mutually exclusive basis. Mr. Petak joined AIG with the merger of SunAmerica with AIG in 1999. Ultimately, Mr. Petak was responsible for AIG Mortgage Capital’s regulated insurance portfolios fixed income real estate investments nationwide. He served on both the Securitized Products Group Committee and Global Asset Allocation Committee for the regulated insurance companies of American International Group, Inc. Prior to joining AIG in 1999, Mr. Petak was SunAmerica Investments’ Senior Vice President. Mr. Petak was responsible for SunAmerica’s national mortgage lending and real estate investments as well as its leveraged lease real estate acquisitions. From 1996 to 2007, Mr. Petak served as a Loan Committee member and as a member of the Board of Directors for GreenPark Financial, one of the nation’s largest Fannie Mae DUS lenders. From 1983 to 1989, he worked with Pacific Financial Group, a privately held Beverly Hills real estate investment company, as Vice President of Acquisitions. Mr. Petak is a graduate of the University of Southern California with a B.S. in Finance and Business Economics. He is a member of the Mortgage Bankers Association, the Commercial Mortgage Securities Association, a member of the Life Mortgage & Real Estate Officer Council and is a founding member of the Board for the Richard S. Ziman Center for Real Estate at UCLA and currently serves as Chairman.
Eric J. Smith*				Eric J. Smith Eric J. Smith is one of our independent directors. Mr. Smith has over 25 years experience in the real estate finance industry. From September 2004 to February 2009, he was the Managing Director, Fixed Income Sales for Credit Suisse Group’s Securitized Products unit. From 2002 to September 2004, he was Managing Director, San Francisco Branch Manager for Credit Suisse Group’s Fixed Income unit. From 1998 to 2001, he was Director Fixed Income Sales for Credit Suisse Group’s Securitized Products unit. From November 1985 to 1997, he was Vice President, Fixed Income Sales for Credit Suisse Group’s Securitized Products unit. While at Credit Suisse, he was responsible for the acquisition and disposition of residential and commercial whole loans, public and private investment grade and non-investment grade residential and commercial mortgage-backed securities and CDOs. He also executed trades in U.S. Government Securities, asset-backed securities, corporate bonds and repurchase lending. Prior to working for Credit Suisse, Mr. Smith was with Farmer’s Savings as a regional director for real estate mortgage acquisitions and with Wells Fargo Mortgage as a Vice President in their Secondary Mortgage Division. Mr. Smith received a Bachelor of Science in Finance from California State University Sacramento.

Record Date	Payment Date	Amount/Share	Reason
12/23/2011	12/28/2011	$0.30000000	Estimated appreciation in the value of the REIT’s assets.
2/14/2012	2/17/2012	$0.02309337	Gain on the sale of one Roseville building
4/16/2012	4/30/2012	$0.02500000	Gain on extinguishment of debt related to 1635 N. Cahuenga, disposition of partially improved land in the Roseville portfolio and increase valuation of the REIT’s real estate assets.
7/20/2012	7/31/2012	$0.35190663	Estimated appreciation in the value of the REIT’s assets.
3/22/2013	4/4/2013	$0.06153498	Gain from the unsolicited sale of one building in the Richardson Portfolio
11/13/2013	12/5/2013	$0.38000000	Gain on foreclosure of real estate loan receivable, gain on sale of real estate and other estimated taxable income
2014	Various	$0.26294507	Ongoing Operations
2015	Various	$0.37500000	Ongoing Operations
2016	Various	$0.37500000	Ongoing Operations
3/13/2017	3/16/2017	$0.09246575	Ongoing Operations
6/12/2017	6/15/2017	$0.09349315	Ongoing Operations
9/15/2017	9/22/2018	$0.09452055	Ongoing Operations
12/7/2017*	1/17/2018	$3.61000000	Gain on sale of the Singapore Portfolio (20% paid in cash, 80% paid in stock)
3/16/2018	3/21/2018	$0.01597500	Ongoing Operations
6/15/208	6/20/2018	$0.01597500	Ongoing Operations
9/14/2018	9/19/2018	$ 0.01597500	Ongoing Operations
11/12/2018	12/19/2018	$ 2.95000000	Gain on sale of Park Highlands land (20% paid in cash, 80% paid in stock)
3/14/2019	3/19/2019	$ 0.00860000	Ongoing Operations
6/14/2019	6/19/2019	$ 0.00860000	Ongoing Operations
9/13/2019	9/18/2019	$0.00860000	Ongoing Operations
1/24/2020	1/29/2020	$0.00860000	Ongoing Operations
12/30/2021	1/28/2022	$1.17000000	Deemed sale of a portion of the Park Highlands land (10% paid in cash, 90% paid in stock)

Strategic Opportunity REIT

Investor Information

Keith Hall

Peter McMillan

Kenneth G. Yee

William M. Petak

Eric J. Smith

Investor Forms

Press Releases

Distribution History

Cash Distribution History