Pacific Oak Strategic Opportunity REIT, Inc. 8-K

What Happened Pacific Oak Strategic Opportunity REIT, Inc. (the Company) filed an 8‑K (Item 2.04) reporting that on April 29, 2026 it received demand letters from Whitehawk Capital Partners, LP (Whitehawk) seeking immediate payment of all obligations under a Credit Agreement dated July 29, 2025 and related parent guaranties. Whitehawk asserts two continuing events of default and claims all amounts under the Credit Agreement became due and payable, with default interest accruing since August 19, 2025. The Company says it is reviewing Whitehawk’s claims and expressly reserves all rights and defenses.

Key Details

• Credit Agreement principal: $80,000,000 (aggregate principal amount under the agreement).
• Alleged events of default: (1) a restrictive agreement involving Pacific Oak SOR (BVI) Holdings, Ltd. on or about August 19, 2025; (2) commencement of an insolvency proceeding against that BVI entity on or about December 26, 2025 and a February 8, 2026 order directing a vote on a proposed debt arrangement.
• Acceleration and interest: Whitehawk claims obligations were accelerated (on or before Feb 8, 2026) and that default-rate interest has been accruing since Aug 19, 2025; additional fees (including an exit fee) are asserted and are being evaluated by the Company.
• Litigation: On May 19, 2026 Whitehawk filed a complaint and moved for a temporary restraining order and preliminary injunction in Clark County, Nevada to prevent two Company subsidiaries from encumbering or transferring certain real property that serves as principal collateral.

Why It Matters This filing signals a potential acceleration of a material loan and related guaranties that could create immediate repayment obligations, higher interest and fees, and litigation over collateral. For investors, the key points are the $80 million principal exposure, ongoing dispute over whether defaults occurred, and a court action seeking to protect collateral. The Company has not conceded the claims and is evaluating the amount and defenses, so the ultimate financial impact and timing remain uncertain.