Pacific Oak Strategic Opportunity REIT II is a non-traded real estate investment trust (REIT) focused on acquiring an investment portfolio with a total return profile that is composed of investments that provide capital appreciation potential and current operating income. These investments may consist of opportunistic or value-added real estate, distressed debt or other real estate-related investments in the United States and Europe. The strategy of acquiring value-add and opportunistic properties involves a higher risk of loss than would a strategy of investing in stabilized properties. The primary investment objectives* of the REIT are to:
Preserve and return investors’ capital contributions
Realize capital appreciation/growth in the value of the investments
Provide cash distributions through increased cash flow from operations or targeted asset sales**
*There are no assurances that Pacific Oak Strategic Opportunity REIT II will meet its stated objectives. **There are no assurances that Pacific Oak Strategic Opportunity REIT II will be able to make cash distributions.
Investor Information
- Presentation – December 19, 2019 Strategic Opportunity REIT II Revaluation Presentation
- 8-K Filing – December 17, 2019 Estimated Value Per Share
- Presentation Replay – December 12, 2018 Portfolio Update and Estimated Value Per Share
- Presentation – December 12, 2018 Portfolio Update and Estimated Value Per Share
- 8-K Filing – December 12, 2018 Estimated Value Per Share
- 8-K Filing
- Edgar Filings
- Section 16 Filings
-
8937 Forms
- kbs-form-8937-strat-op-ii-2015_executed.pdf
- sor-ii-a-share_form-8937_stock-distribution-on-04-01-16_executed-1.pdf
- sor-ii-t-share_form-8937_stock-distribution-on-04-01-16_executed-1.pdf
- sor-ii-a-shares_form-8937_stock-distribution-on-05-03-16_executed.pdf
- sor-ii-t-shares_form-8937_stock-distribution-on-05-03-16_executed.pdf
- sor-ii-a-shares_form-8937_stock-distribution-on-06-01-16_revised-2_executed.pdf
- sor-ii-t-shares_form-8937_stock-distribution-on-06-01-16_revised-2_executed.pdf
- sor-ii-a-shares_form-8937_stock-distribution-on-07-01-16_executed.pdf
- sor-ii-t-shares_form-8937_stock-distribution-on-07-01-16_executed.pdf
- sor-ii-a-shares_form-8937_stock-distribution-on-08-02-16_executed.pdf
- sor-ii-t-shares_form-8937_stock-distribution-on-08-02-16_executed.pdf
- sor-ii-a-shares_form-8937_stock-distribution-on-09-01-16_executed.pdf
- sor-ii-t-shares_form-8937_stock-distribution-on-09-01-16_executed.pdf
- sor-ii-a-shares_form-8937_stock-distribution-on-10-04-16_executed.pdf
- sor-ii-t-shares_form-8937_stock-distribution-on-10-04-16_executed.pdf
- sor-ii-a-shares_form-8937_stock-distribution-on-10-06-16_executed.pdf
- sor-ii-t-shares_form-8937_stock-distribution-on-10-06-16_executed.pdf
- sor-ii-a-shares_form-8937_stock-distribution-on-11-02-16_executed.pdf
- sor-ii-t-shares_form-8937_stock-distribution-on-11-02-16_executed.pdf
- sor-ii-a-shares_form-8937_stock-distribution-on-12-02-16_executed.pdf
- sor-ii-t-shares_form-8937_stock-distribution-on-12-02-16_executed.pdf
- kbs-form-8937-strat-op-ii-2016-a-shares_executed.pdf
- kbs-form-8937-strat-op-ii-2016-t-shares_executed.pdf
- sor-ii-a-shares_form-8937_stock-distribution-on-01-05-17_executed.pdf
- sor-ii-t-shares_form-8937_stock-distribution-on-01-05-17_executed.pdf
- sor-ii-a-shares_form-8937_stock-distribution-on-02-02-17_executed.pdf
- sor-ii-t-shares_form-8937_stock-distribution-on-02-02-17_executed.pdf
- sor-ii-a-shares_form-8937_stock-distribution-on-03-02-17_executed.pdf
- sor-ii-t-shares_form-8937_stock-distribution-on-03-02-17_executed.pdf
- sor-ii-a-shares_form-8937_stock-distribution-on-04-04-17_executed.pdf
- sor-ii-t-shares_form-8937_stock-distribution-on-04-04-17_executed.pdf
- sor-ii-a-shares_form-8937_stock-distribution-on-05-03-17_executed.pdf
- sor-ii-t-shares_form-8937_stock-distribution-on-05-03-17_executed.pdf
- sor-ii-a-shares_form-8937_stock-distribution-on-06-02-17_executed.pdf
- sor-ii-t-shares_form-8937_stock-distribution-on-06-02-17_executed.pdf
- sor-ii-a-shares_form-8937_stock-distribution-on-07-06-17_executed.pdf
- sor-ii-t-shares_form-8937_stock-distribution-on-07-06-17_executed.pdf
- sor-ii-a-shares_form-8937_stock-distribution-on-08-02-17_executed.pdf
- sor-ii-t-shares_form-8937_stock-distribution-on-08-02-17_executed.pdf
- sor-ii-a-shares_form-8937_stock-distribution-on-09-05-17_executed.pdf
- sor-ii-t-shares_form-8937_stock-distribution-on-09-05-17_executed.pdf
- SOR-II-A-Shares_Form-8937_Stock-Distribution-on-10-04-17_executed.pdf
- SOR-II-T-Shares_Form-8937_Stock-Distribution-on-10-04-17_executed.pdf
- SOR-II-A-Shares_Form-8937_Stock-Distribution-on-11-02-17_executed.pdf
- SOR-II-T-Shares_Form-8937_Stock-Distribution-on-11-02-17_executed.pdf
- SOR-II-A-Shares_Form-8937_Stock-Distribution-on-12-05-17_executed.pdf
- SOR-II-T-Shares_Form-8937_Stock-Distribution-on-12-05-17_executed.pdf
- KBS_Form-_8937_StratOpII_2017_A-shares_executed.pdf
- KBS_Form-_8937_StratOpII_2017_T-shares_executed.pdf
- SOR-II-A-Shares_Form-8937_Stock-Distribution-on-01-05-18_executed.pdf
- SOR-II-T-Shares_Form-8937_Stock-Distribution-on-01-05-18_executed.pdf
- SOR-II-A-Shares_Form-8937_Stock-Distribution-on-02-02-18_executed.pdf
- SOR-II-T-Shares_Form-8937_Stock-Distribution-on-02-02-18_executed.pdf
- SOR-II-A-Shares_Form-8937_Stock_Distribution_03-02-18_executed.pdf
- SOR-II-T-Shares_Form-8937_Stock_Distribution_03-02-18_executed.pdf
- SOR-II-A-Shares_Form-8937_Stock-Distribution-on-04-04-18_executed.pdf
- SOR-II-T-Shares_Form-8937_Stock-Distribution-on-04-04-18_executed.pdf
- SORII_A_Shares_Form_8937_Stock_Distribution_050218_executed.pdf
- SORII_T_Shares_Form_8937_Stock_Distribution_050218_executed.pdf
- SORII_A_Shares_Form_8937_Stock_Distribution_060418_executed.pdf
- SORII_T_Shares_Form_8937_Stock_Distribution_060418_executed.pdf
- SOR-II-A-Shares_Form-8937_Stock-Distribution-on-07-05-18_executed.pdf
- SOR-II-T-Shares_Form-8937_Stock-Distribution-on-07-05-18_executed.pdf
- SOR-II-A-Shares_Form-8937_Stock-Distribution-on-08-02-18-executed.pdf
- SOR-II-T-Shares_Form-8937_Stock-Distribution-on-08-02-18-executed.pdf
- SOR-II-A-Shares_Form-8937_Stock-Distribution-on-9.05.18-executed.pdf
- SOR-II-T-Shares_Form-8937_Stock-Distribution-on-9.05.18-executed.pdf
- SOR-II-A-Shares_Form-8937_Stock-Distribution-on-10.02.18-executed.pdf
- SOR-II-T-Shares_Form-8937_Stock-Distribution-on-10.02.18-executed.pdf
- SOR_II_A_Shares_Form_8937_Stock_Distribution-11-02-18_executed.pdf
- SOR_II_T_Shares_Form_8937_Stock_Distribution-11-02-18_executed.pdf
- KBS-Form-8937-Strat-Op-II-2018-A-shares_executed.pdf
- KBS-Form-8937-Strat-Op-II-2018-T-shares_executed.pdf
- pacific-oak---form-8937-strat-op-ii-2019-(a-shares)_executed.pdf
- pacific-oak---form-8937-strat-op-ii-2019-(t-shares)_executed.pdf
- posorii_form8937_2020executed-_classa.pdf
- posorii_form8937_2020executed-_classt.pdf
- Form S-3 Registration Statement
Name | Board of Directors | Conflicts Committee | Audit Committee | |
---|---|---|---|---|
Keith Hall |
Keith HallMr. 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 McMillanMr. 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. YeeKenneth 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. |
|||
Laurent Degryse* |
Laurent DegryseLaurent Degryse is one of our independent directors, a position he has held since April 2014. Mr. Degryse has been involved in the real estate development industry for over 22 years with a focus on real estate activities in Belgium. For the past five years he has been self-employed and engaged in real estate development and venture capital activities. In 2002, Mr. Degryse founded Urbis Development, a real estate development company located in Luxemburg, and served as its Managing Director until, in 2008, it created a joint venture with another real estate company, Herpain SA, and became Herpain Urbis. Since December 2007 he has also served as the Managing Director of Hunza Ventures and Managing Partner of Hunza Management, affiliated venture capital companies based in Luxemburg that invest in technology and life science projects. In connection with his position at Hunza Ventures, he serves as a member of the supervisory board of Hunza Ventures II SCA SICAR, a fund raised by Hunza Ventures that is investing and raising capital for venture investments; and from December 2007 through June 2012 he served as a member of the supervisory board of Hunza Ventures SCA SPF, a fund that raised and fully invested €15 million in 14 venture investments. Mr. Degryse also manages his own portfolio of investments in Europe, Asia and the United States. In addition, Mr. Degryse has served as the chairman of the board of SoftKinetic International SA since 2008. He is currently a director of Herpain Urbis Retail (since 2008) and previously served as a director of Herpain Urbis (from 2007 – 2013) and Herpain Enterprise (from 2008 – 2013). Herbain Urbis Retail, Herpain Urbis and Herpain Enterprise are related companies with expertise in real estate development and construction for office, residential and commercial real estate in Belgium. In addition, from March 2007 through March 2012 he served as a member of the supervisory board of Urbis SCA. Mr. Degryse is a member of the board of trustees and member of the finance and the audit committee of MOCA, the Museum of Contemporary Art in Los Angeles, California. Mr. Degryse is a graduate of the Solvay Business School at the University of Brussels, Belgium where he received a Master in Business Engineering. Our sponsor has concluded that Mr. Degryse is qualified to serve as one of our independent directors for reasons including his expertise in the real estate development business. With over 22 years of experience in the real estate industry, with a particular focus on investments in Belgium, Mr. Degryse offers insights and perspective with respect to our investment portfolio and our focus on European investment opportunities. |
|||
Jon Joliet |
Jon JolietMr. Joliet has been a Partner at American Discovery Capital since he founded the company in 2016. American Discovery Capital is an independent merchant banking firm focused on principal investments in leading family-owned and middle-market companies in selected high-growth sectors. Prior to founding American Discovery Capital Mr. Joliet was a Partner and Managing Director at Moelis & Company where he was responsible for leading the firm’s global investment banking activities in the Enterprise Software sector. Prior to joining Moelis &Co., Mr. Joliet spent ten years at UBS Investment Bank where he was a Managing Director and Global Head of Software Investment Banking, as well as the Head of the Los Angeles office. Mr. Joliet began his investment banking career with Donaldson, Lufkin & Jenrette (“DLJ”), and remained with DLJ until its sale to Credit Suisse in 2000. Before he began his investment banking career, Mr. Joliet spent four years as a consultant with Coopers & Lybrand in Boston, London UK, and Chicago, and was licensed as a Certified Public Accountant. Mr. Joliet studied at the University of Pennsylvania’s Wharton School and the Ross School of Business at the University of Michigan,where he earned a Bachelor of Business Administration. He earned a Master of Business Administration, with honors, from the University of Chicago’s Booth School of Business. |
* – Independent Directors
$ – Financial Expert
Investor Forms
Press Releases
- October 5th, 2020 — Pacific Oak Strategic Opportunity REIT and Pacific Oak Strategic Opportunity REIT II Complete Merger to Form $2 Billion Company(1)
- February 18th, 2020 — Pacific Oak Strategic Opportunity REIT II, Inc. to Merge with Pacific Oak Strategic Opportunity REIT, Inc. to Create a $2.6[1] Billion REIT Focused on Opportunistic Real Estate
- December 7th, 2016 — KBS Strategic Opportunity REIT II and Onyx to Redevelop 210 West 31st Street, Manhattan
- November 21st, 2016 — Lofts at NoHo Commons in North Hollywood acquisition
- September 29th, 2016 — Springmaid Beach Resort Asset Rebranded as a DoubleTree Resort by Hilton
- January 8th, 2016 — KBS Strategic Opportunity REIT II Acquires 2200 Paseo Verde
Distribution History
Cash Distribution History*
RECORD DATE | PAYMENT DATE | AMOUNT PER SHARE – CLASS A SHARES (Per Day for Period) |
AMOUNT PER SHARE – CLASS T SHARES** (Per Day for Period) |
---|---|---|---|
December 16, 2015 | December 18, 2015 | $0.12000000 | N/A |
March 2016 | April 1, 2016 | $0.00026202 | $0.00000000 |
April 2016 – September 2016 | May 3, 2016 – October 3, 2016 | $0.00052404 | $0.00026202 |
September 27, 2016 | October 5, 2016 | $0.05000000 | $0.05000000 |
October 2016 – December 2016 | November 1, 2016 – January 4, 2017 | $0.00052404 | $0.00026202 |
January 2017 – July 2018 | February 1, 2017 – August 2018 | $0.00052548 | $0.00026274 |
August 2018 – November 2018 | September 2018 – December 2018 | $0.00052548 | $0.00052548 |
December 20, 2018 | January 2, 2019 | $0.01598333 | $0.01598333 |
January 18, 2019 | February 4, 2019 | $0.01598333 | $0.01598333 |
February 18, 2019 | March 1, 2019 | $0.01598333 | $0.01598333 |
March 18, 2019 | April 1, 2019 | $0.00799167 | $0.00799167 |
April 18, 2019 | May 1, 2019 | $0.00799167 | $0.00799167 |
May 17, 2019 | June 3, 2019 | $0.00799167 | $0.00799167 |
June 18, 2019 | July 1, 2019 | $0.00799167 | $0.00799167 |
July 25, 2019 | August 1, 2019 | $0.00799167 | $0.00799167 |
August 19, 2019 | September, 2019 | $0.00799167 | $0.00799167 |
September 20, 2019 | October, 2019 | $0.00799167 | $0.00799167 |
October 19, 2019 | November, 2019 | $0.00799167 | $0.00799167 |
November 20 2019 | December, 2019 | $0.00799167 | $0.00799167 |
December 19, 2019 | January, 2020 | $0.00799167 | $0.00799167 |
*There is no assurance that Pacific Oak Strategic Opportunity REIT II will continue to declare and pay cash distributions and Pacific Oak Strategic Opportunity REIT II may modify the amount of cash distributions declared and paid. Cash distributions paid through June 30, 2019, consisting of 39% paid in cash and 61% reinvested through the dividend reinvestment plan, have been funded with 85% from cash flows from operations and 15% from debt financing. For more information, please refer to Pacific Oak Strategic Opportunity REIT II’s public filings. Because a portion of the cash distributions paid to date were paid with borrowings, cash distributions may not be sustainable.
**On February 17, 2016, Pacific Oak Strategic Opportunity REIT II began offering Class T Shares. The amount per share for Class T shares reflects the 1% annual stockholder servicing fee for shares sold in the primary portion of the public offering. This servicing fee accrued daily and was paid monthly in arrears until August 2018.
Pacific Oak Strategic Opportunity REIT II’s organizational documents do not restrict it from paying distributions from any source and do not restrict the amount of distributions it may pay from any source, including offering proceeds or borrowings. Distributions paid from sources other than current or accumulated earnings and profits may constitute a return of capital. A return of capital would reduce the amount the REIT would have for investment, which could reduce an investor’s return on their investment and subsequent investors will experience dilution. There are no guarantees Pacific Oak Strategic Opportunity REIT II will continue to pay distributions or pay them at rates similar to those referenced above.
Stock Dividend History
RECORD DATE | ISSUE DATE | AMOUNT PER SHARE |
---|---|---|
March 25, 2015 | March 27, 2015 | $0.01000000 |
June 24, 2015 | June 29, 2015 | $0.01000000 |
September 22, 2015 | September 29, 2015 | $0.01000000 |
December 16, 2015 | December 21, 2015 | $0.06000000 |
December 16, 2015 | December 22, 2015 | $0.01000000 |
March 31, 2016 | April 1, 2016 | $0.00500000 |
April 30, 2016 – August 31, 2016*** | May 3, 2016 - September 1, 2016 | $0.00166700*** |
September 27, 2016 | October 6, 2016 | $0.01500000 |
September 30, 2016 – November 30, 2018*** | October 4, 2016 – December 4, 2018 | $0.00166715*** |
***During the period, the REIT declared a monthly stock dividend. The amount per share reflects the amount of stock dividend declared at each monthly record date.