SCHEDULE III REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION AND AMORTIZATION

12 Months Ended

Dec. 31, 2024

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

SCHEDULE III REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION AND AMORTIZATION

SCHEDULE III

REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION AND AMORTIZATION

December 31, 2024

(dollar amounts in thousands)

					Initial Cost to Company								Gross Amount at which Carried at Close of Period
Property	Property Type	Location	Ownership Percent	Encumbrances	Land		Building and Improvements (1)		Total		Cost Capitalized Subsequent to Acquisition (2)		Land		Building and Improvements (1)		Total (3)		Accumulated Depreciation and Amortization		Original Date of Construction	Date Acquired or Foreclosed on
Richardson Office	Office	Richardson, TX	100.0%	(4)	$	1,847	$	25,745	$	27,592	$	14,877	$	2,034	$	40,435	$	42,469	$	(19,436)	1980/1985	11/23/2011
Madison Square	Office	Phoenix, AZ	90.0%	20,722	9,827		21,545		31,372		4,809		9,827		26,354		36,181		(6,926)		2003/2007/2008	10/05/2020
Park Centre	Office	Austin, TX	100.0%	(5)	3,251		27,941		31,192		7,411		3,251		35,352		38,603		(15,530)		2000	03/28/2013
Crown Pointe	Office	Dunwoody, GA	100.0%	54,738	22,590		62,610		85,200		15,925		22,590		78,535		101,125		(27,489)		1985/1989	02/14/2017
The Marq	Office	Minneapolis, MN	100.0%	(5)	10,387		75,878		86,265		14,188		10,387		90,066		100,453		(24,029)		1972	03/01/2018
Eight & Nine Corporate Centre	Office	Franklin, TN	100.0%	20,000	17,401		58,794		76,195		7,420		17,401		66,214		83,615		(18,345)		2007	06/08/2018
Georgia 400 Center	Office	Alpharetta, GA	100.0%	39,662	11,400		72,000		83,400		(27,792)		8,245		47,363		55,608		(1,811)		2001	05/23/2019
Lincoln Court	Office	Campbell, CA	100.0%	31,325	16,610		43,083		59,693		(19,010)		12,475		28,208		40,683		(310)		1985	10/05/2020
Oakland City Center	Office	Oakland, CA	100.0%	(5)	24,063		180,973		205,036		(114,900)		12,336		77,800		90,136		(1,849)		1985/1990	10/05/2020
1180 Raymond	Apartment	Newark, NJ	100.0%	(5)	8,292		37,651		45,943		5,895		8,292		43,546		51,838		(13,902)		1929	08/20/2013
Q&C Hotel	Hotel	New Orleans, LA	90.0%	(4)	2,669		41,431		44,100		(10,210)		2,243		31,647		33,890		(271)		1913	10/05/2020
Richardson Land I	Undeveloped Land	Richardson, TX	100.0%	(6)	1,997		—		1,997		4,258		6,255		—		6,255		—		N/A	11/23/2011
Richardson Land II	Undeveloped Land	Richardson, TX	100.0%	(6)	3,096		—		3,096		322		3,418		—		3,418		—		N/A	09/04/2014
Park Highlands Land II	Undeveloped Land	North Las Vegas, NV	100.0%	(6)	9,504		—		9,504		13,594		23,098		—		23,098		—		N/A	12/10/2013
210 West 31st Street (7)	Office/Retail	New York, NY	80.0%	—	—		51,358		51,358		(17,858)		—		33,500		33,500		—		(6)	10/05/2020

PACIFIC OAK STRATEGIC OPPORTUNITY REIT, INC.

SCHEDULE III

REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION AND AMORTIZATION (CONTINUED)

December 31, 2024

(dollar amounts in thousands)

				Initial Cost to Company								Gross Amount at which Carried at Close of Period
Description	Number of Homes	Ownership Percent	Encumbrances	Land		Building and Improvements (1)		Total		Cost Capitalized Subsequent to Acquisition (2)		Land		Building and Improvements (1)		Total (3)		Accumulated Depreciation and Amortization		Original Date of Construction	Date Acquired or Foreclosed on
Residential Homes Portfolio:
Alabama Homes	184	100.0%	(8)	$	3,144	$	12,331	$	15,475	$	2,245	$	3,263	$	14,457	$	17,720	$	(1,871)	Various	Various
Arkansas Homes	21	100.0%	(8)	447		1,868		2,315		(62)		415		1,838		2,253		(238)		Various	Various
Delaware Homes	3	100.0%	(8)	134		562		696		12		130		578		708		(75)		Various	Various
Georgia Homes	25	100.0%	(8)	386		1,944		2,330		627		544		2,413		2,957		(312)		Various	Various
Iowa Homes	5	100.0%	(8)	75		311		386		66		83		369		452		(48)		Various	Various
Illinois Homes	297	100.0%	(8)	5,296		21,303		26,599		14,515		7,570		33,544		41,114		(4,342)		Various	Various
Indiana Homes	90	100.0%	(8)	1,841		7,684		9,525		386		1,825		8,086		9,911		(1,047)		Various	Various
Michigan Homes	325	100.0%	(8)	15,319		61,313		76,632		765		14,251		63,146		77,397		(8,173)		Various	Various
Mississippi Homes	25	100.0%	(8)	381		1,509		1,890		(124)		325		1,441		1,766		(186)		Various	Various
Missouri Homes	18	100.0%	(8)	293		1,221		1,514		3,248		877		3,885		4,762		(503)		Various	Various
North Carolina Homes	74	100.0%	(8)	1,805		7,550		9,355		872		1,883		8,344		10,227		(1,080)		Various	Various
Ohio Homes	221	100.0%	(8)	5,410		22,011		27,421		(117)		5,027		22,277		27,304		(2,883)		Various	Various
Oklahoma Homes	128	100.0%	(8)	2,564		13,906		16,470		3,227		3,627		16,070		19,697		(2,080)		Various	Various
South Carolina Homes	22	100.0%	(8)	640		2,682		3,322		289		665		2,946		3,611		(381)		Various	Various
Tennessee Homes	298	100.0%	(8)	8,262		34,004		42,266		(11,159)		5,728		25,379		31,107		(3,285)		Various	Various
Texas Homes	340	100.0%	(8)	9,835		38,568		48,403		3,849		9,621		42,631		52,252		(5,518)		Various	Various
Wisconsin Homes	17	100.0%	(8)	390		1,627		2,017		93		388		1,722		2,110		(221)		Various	Various
Total Residential Home Portfolio	2093		191,529	56,222		230,394		286,616		18,732		56,222		249,126		305,348		(32,243)
		Total Properties		$	199,156	$	929,403	$	1,128,559	$	(82,339)	$	198,074	$	848,146	$	1,046,220	$	(162,141)

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(1) Building and improvements includes tenant origination and absorption costs.

(2) Costs capitalized subsequent to acquisition is net of write-offs of fully depreciated/amortized assets and impairment charges on real estate and related intangibles.

(3) The aggregate cost of real estate for federal income tax purposes was $1.6 billion as of December 31, 2024.

(4) These real estate investments, in aggregate, were under encumbrances of $34.0 million.

(5) These real estate investments, in aggregate, were under encumbrances of $156.8 million.

(6) As of December 31, 2024, specified lands in Park Highlands and Richardson serve as collateral for the Series C bonds.

(7) 210 West 31st Street is a development office/retail property. The Company acquired the rights to a leasehold interest with respect to this property and the leasehold interest expires on January 31, 2114.

(8) The residential home portfolio, in aggregate, was under encumbrances of $191.5 million.

SCHEDULE III

REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION AND AMORTIZATION (CONTINUED)

December 31, 2024

(dollar amounts in thousands)

	2024		2023		2022
Real Estate Properties (1):
Balance at the beginning of the year	$	1,262,089	$	1,361,154	$	1,345,240
Acquisitions	—		—		142,118
Improvements	25,163		24,359		31,407
Write-off of fully depreciated and fully amortized assets	(1,408)		(5,332)		(9,454)
Dispositions	(125,630)		(43,303)		(111,186)
Impairments	(113,994)		(74,789)		(36,971)
Balance at the end of the year	$	1,046,220	$	1,262,089	$	1,361,154
Accumulated depreciation and amortization (1):
Balance at the beginning of the year	$	167,335	$	141,750	$	130,441
Depreciation and amortization expense	37,759		44,258		49,190
Write-off of fully depreciated and fully amortized assets	(1,408)		(5,332)		(10,442)
Dispositions	(3,641)		(3,545)		(6,531)
Impairments	(37,904)		(9,796)		(20,908)
Balance at the end of the year	$	162,141	$	167,335	$	141,750

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(1) Amounts include real estate properties held for sale.