Liquidation: Strategic Realty Trust, Inc.

Form Type: 8-K

Filing Date: 2025-02-28

Corporate Action: Liquidation

Type: New

Accession Number: 000144637125000004

Filing Summary: On February 26, 2025, Strategic Realty Trust, Inc. entered into a Liquidation Services Agreement to facilitate the winding up of the Company. This agreement terminates the prior Advisory Agreement and allows the Advisor to assist with the complete liquidation for a fee of $83,333 and an expense reimbursement of $387,676. Additionally, on February 27, 2025, the company filed Articles of Dissolution with the State of Maryland as part of its plan for complete liquidation, which was approved by the board and stockholders in 2023. The effective date of dissolution is February 27, 2025. Furthermore, a liquidating distribution of $0.148873824 per share was authorized by the board for shareholders of record as of February 26, 2025, expected to be paid on March 4, 2025. The distribution is characterized as a return of capital and may have tax implications for shareholders. All outstanding shares will be cancelled post-distribution, and the company's registration obligations under U.S. securities laws will be terminated. The overall decrease in property values and difficulties in the commercial real estate market contributed to a reduced distribution amount to shareholders from earlier estimates. Factors including tenant defaults and the COVID-19 pandemic have adversely affected the company's financial position, particularly in California.

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Form Type: 8-K

Filing Date: 2025-02-13

Corporate Action: Liquidation

Type: New

Accession Number: 000144637125000002

Filing Summary: On February 7, 2025, Strategic Realty Trust, Inc. completed the sale of the Silverlake Collection in Los Angeles, California for approximately $12.4 million in cash as part of its Plan of Liquidation approved on August 23, 2023. The company used the proceeds to repay an outstanding loan of $8.7 million. The company has finalized all asset sales and debt repayments and is now proceeding with its dissolution, anticipating to file articles of dissolution by February 26, 2025. It plans to cease stock transfers on February 21, 2025, except under certain circumstances. Liquidating distributions to stockholders are expected to follow the filing of dissolution documents, with the timing yet to be determined. The disclosures contain forward-looking statements regarding the company's intentions and expected outcomes.

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