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Distressed REIT Pacific Oak seeks approval for 2,000-home portfolio sale

TPG and Align Living Group make new bid for single-family rentals across 17 states
Last month, the Pacific Oak Strategic Opportunity Trist received an offer from TPG and Align Living Group for 2,078 homes across 17 states. (Christopher Shires/CoStar)<br/>
Last month, the Pacific Oak Strategic Opportunity Trist received an offer from TPG and Align Living Group for 2,078 homes across 17 states. (Christopher Shires/CoStar)
CoStar News
February 3, 2026 | 3:05 P.M.

Pacific Oak Strategic Opportunity REIT is seeking bondholder approval for a $300 million sale of its entire single-family rental portfolio of more than 2,000 homes as the struggling real estate investment trust navigates loan defaults, management upheaval and an uncertain regulatory environment for institutional residential ownership.

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News | Distressed REIT Pacific Oak seeks approval for 2,000-home portfolio sale