Pacific Office Properties closes $40 million credit facility.
posted: 8/27/08
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Pacific Office Properties acquires one million sq. ft. in Southern California.
posted: 8/20/08
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Pacific Office Properties acquires four San Diego office buildings.
posted: 6/19/08
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Pacific Office Properties acquires Arizona's second tallest building.
posted: 5/28/08
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Pacific Office Properties Trust, Inc. is a real estate investment trust that acquires, owns, and operates office properties in the western U.S., focusing initially on the four high-growth markets of Honolulu, San Diego, Los Angeles, and Phoenix. The Company is externally managed by Pacific Office Management, Inc., an affiliate of The Shidler Group.

The Company acquires, in partnership with institutional co-investors, value-added office buildings whose potential can be maximized through improvements, repositioning, and superior leasing and management. The Company continues The Shidler Group’s highly successful institutional joint-venture operations, which focus on acquiring opportunistic and value-added commercial real estate in partnership with institutional co-investors.

As of June 30, 2008, the Company’s total market capitalization exceeded $750 million. This includes approximately $417 million in consolidated debt and approximately $335 million in equity. The Company’s equity value is based on the market price of its common stock and assumes the exchange, for additional common stock, of all of the limited partnership interests in the Company’s operating partnership. This exchange would result in 49,927,920 shares of outstanding common stock.