Notice to KBS/Pacific Oak REIT Investors: Offers Recovery Options
Summary
Investors who suffered losses as a result of being recommended KBS/Pacific Oak Opportunity REIT by their broker/financial adviser are encouraged to contact attorney Lawrence L. Klayman at (888) 997-9956 or lklayman@klaymantoskes.com for a free and confidential consultation to discuss recovery options. According to its website, the REIT is headquartered in Los Angeles, CA and was designed to capitalize on the “dislocation, lack of liquidity, and government intervention” that exists in commercial real estate markets. The REIT previously suspended its SRP in January, 2022 to “allow stockholders an opportunity to review the updated estimated value per share.” During the year ended December 31, 2022, no funding was made available for Pacific Oak’s SRP, excluding funding reserved for redemptions in connection with a stockholder’s death, qualifying disability or “determination of incompetence,” which totaled $10.2 million in 2021 and 2022. REITs are considerably more complex than traditional stocks and mutual funds, and involve a high degree of risk due to being illiquid. Investors who have suffered significant losses in KBS/Pacific Oak Real Estate Investment Trust (“REIT”) should contact attorney Lawrence L. Klayman to discuss recovery options at (866) 460-4957 or lklayman@klaymantoskes.com.