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Pacific Oak, facing debt payments, seeks approval for $318 million in property sales

REIT plans to unload nearly 2,100 single-family rental properties in US
Pacific Oak Strategic Opportunity REIT is under contract to sell its Palisades Central office complex in Richardson, Texas. (CoStar)
Pacific Oak Strategic Opportunity REIT is under contract to sell its Palisades Central office complex in Richardson, Texas. (CoStar)
CoStar News
September 16, 2025 | 5:49 P.M.

An affiliate of Pacific Oak Strategic Opportunity REIT turned to Israel's bond market in 2020 to raise capital and refinance debt. Now, debt payments are looming, and the California-based real estate investor is looking to sell off properties to shore up its financial condition.

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