Key facts
- Pacific Oak REIT has appointed CBRE to manage the sale of over half of its assets.
- The entire board of directors for Pacific Oak REIT has resigned.
- A wind-down specialist has been installed to oversee the process.
Pacific Oak REIT has initiated a significant strategic shift by appointing CBRE to manage the sale of more than half of its assets. This move coincides with the resignation of the REIT's entire board of directors, signaling a potential wind-down of the company's operations. The appointment of a wind-down specialist further underscores the company's transition towards liquidation or a substantial restructuring.