Strategic Realty Trust Concludes Final Asset Sale and Prepares for Dissolution
The real estate investment trust completes its liquidation plan with the sale of its last property.
February 14, 2025
Strategic Realty Trust, Inc. is wrapping up its operations and preparing for dissolution after completing the sale of its last remaining property, the Silverlake Collection in Los Angeles. The $12.4 million transaction, finalized on February 7, 2025, clears the way for the next steps in the company’s plan of liquidation, which shareholders approved in August 2023.
With this sale, the company repaid its outstanding $8.7 million loan to PHP Holding Company VI, LLC, including accrued interest, and released the property from its deed of trust. This marked a critical milestone in Strategic Realty Trust’s winding-down process, signaling the end of its real estate holdings.
Filing for Dissolution
Next up: filing articles of dissolution with the State Department of Assessments and Taxation of Maryland on or around February 26, 2025. Ahead of that, the company will close its stock transfer books on February 21. After this date, stock transfers will only be allowed under specific circumstances such as inheritance or legal proceedings.
Preparing for Final Distribution
The trust is focused on completing its final obligations—settling liabilities, wrapping up operations, and issuing a liquidating distribution to shareholders. While the exact timing of this distribution remains uncertain, Strategic Realty Trust anticipates making the payment soon after the dissolution filing. Shareholders should double-check their account information to ensure everything is accurate and up to date.
As the company heads toward its final chapter, Strategic Realty Trust remains committed to seeing its liquidation plan through. With the sale of all assets and repayment of debt now complete, the final steps are just around the corner.
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