Pacific Oak Strategic Opportunity REIT and Pacific Oak Strategic Opportunity REIT II Complete Merger to Form $2 Billion Company(1)

LOS ANGELES, Oct. 5, 2020 /PRNewswire/ — Pacific Oak Strategic Opportunity REIT, Inc. announced today the completion of its previously announced merger with Pacific Oak Strategic Opportunity REIT II, Inc.  in a stock-for-stock transaction, creating a combined company with in excess of $2 billion(1) in gross real estate and real estate-related assets. The combined company has retained the name “Pacific Oak Strategic Opportunity REIT, Inc.” and the merger is expected to qualify as a tax-free reorganization.

“We appreciate the trust and confidence of our stockholders and thank them for their support and votes in favor of the merger,” said Keith D. Hall, chief executive officer and a director of Pacific Oak Strategic Opportunity REIT. “We believe the merger creates a stronger and more robust company, and provides significant benefits to stockholders, including improved access to capital markets and reduced operating costs.”

Under the terms of the merger,

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