SCHEDULE 13G: Comrit Investments Discloses 5.2% Stake in Pacific Oak Strategic Opportunity REIT
Beneficial Ownership Disclosure
Comrit Investments 1, Limited Partnership, Comrit Investments Ltd., and Ziv Sapir have jointly disclosed a beneficial ownership of 5.2% in Pacific Oak Strategic Opportunity REIT, Inc.'s common stock.
Summary
- Comrit Investments 1, Limited Partnership, Comrit Investments Ltd., and Ziv Sapir collectively beneficially own 5,334,318.82 shares of Pacific Oak Strategic Opportunity REIT, Inc.'s common stock.
- This aggregate ownership represents 5.2% of the issuer's outstanding common stock.
- The percentage is calculated based on 102,951,395 shares of common stock issued and outstanding as of November 6, 2024, as reported by Pacific Oak Strategic Opportunity REIT, Inc. in its Form 10-Q for the quarterly period ended September 30, 2024.
- Each reporting person (Comrit Investments 1, Limited Partnership, Comrit Investments Ltd., and Ziv Sapir) holds sole voting and sole dispositive power over all 5,334,318.82 shares.
- The filing certifies that the securities were not acquired and are not held for the purpose or with the effect of changing or influencing the control of the issuer, other than activities solely in connection with a nomination under Rule 14a-11.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership, which is neutral in sentiment. It does not contain positive or negative financial results, forward-looking statements, or strategic announcements that would sway sentiment.
Future Outlook
NA
Industry Context
This filing indicates a significant passive investment by Comrit Investments in a publicly traded Real Estate Investment Trust (REIT). Such disclosures are common in the investment landscape, reflecting institutional or activist investor interest in specific companies within the real estate sector. The certification of passive intent suggests this is not an immediate precursor to a control contest, which is typical for Schedule 13G filings.
Stakeholder Impact
- Shareholders: The disclosure of a new significant shareholder holding 5.2% of the common stock could be viewed positively as it signals investor confidence or interest in the company. However, the passive nature of the stake (as certified) suggests no immediate change in corporate strategy or governance is intended by this investor.
Key Dates
| Date | Description |
|---|---|
| 2024-09-30 | End of quarterly period for which Pacific Oak Strategic Opportunity REIT, Inc. filed its Form 10-Q, reporting shares outstanding. |
| 2024-11-06 | Date as of which 102,951,395 shares of common stock were reported as issued and outstanding by Pacific Oak Strategic Opportunity REIT, Inc. |
| 2024-12-31 | Date of event which requires filing of this statement (end of reporting period). |
| 2025-02-11 | Signature date of the Schedule 13G filing. |
Keywords
Beneficial Ownership, Schedule 13G, Pacific Oak Strategic Opportunity REIT, REIT, Common Stock, Comrit Investments, Ziv Sapir, SEC Filing, Real Estate Investment Trust
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