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    Amendment: SEC Form SCHEDULE 13G/A filed by Orion Office REIT Inc.

    2/12/25 12:14:14 PM ET
    $ONL
    Real Estate Investment Trusts
    Real Estate
    Get the next $ONL alert in real time by email



    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549


    SCHEDULE 13G


    UNDER THE SECURITIES EXCHANGE ACT OF 1934
    (Amendment No. 3)


    Orion Office REIT Inc.

    (Name of Issuer)


    Common Stock

    (Title of Class of Securities)


    68629Y103

    (CUSIP Number)


    12/31/2024

    (Date of Event Which Requires Filing of this Statement)


    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
    Checkbox not checked   Rule 13d-1(b)
    Checkbox checked   Rule 13d-1(c)
    Checkbox not checked   Rule 13d-1(d)






    SCHEDULE 13G

    CUSIP No.
    68629Y103


    1Names of Reporting Persons

    Par Sanda
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox not checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    UNITED STATES
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    4,198,621.00
    6Shared Voting Power

    0.00
    7Sole Dispositive Power

    4,198,621.00
    8Shared Dispositive Power

    0.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    4,198,621.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    7.50 %
    12Type of Reporting Person (See Instructions)

    IN

    Comment for Type of Reporting Person:  Amounts beneficially owned as of December 31, 2024, are based on the total number of shares of common stock ("Common Stock") of Orion Office REIT Inc. (the "Issuer") outstanding, as reported in the Issuer's Form 10-Q filed on November 7, 2024. This amount also reflects the shares held by Sand Capital Associates, LLC and Sanda Family Foundation Trust. As the Managing Member of Sand Capital Associates, LLC ("Sand Capital"), Par Sanda may be deemed to beneficially own all of the shares of Common Stock beneficially owned by Sand Capital. As the Trustee of the Sanda Family Foundation Trust (the "Family Foundation"), Par Sanda may be deemed to beneficially own all of the shares of Common Stock beneficially owned by the Family Foundation.


    SCHEDULE 13G

    CUSIP No.
    68629Y103


    1Names of Reporting Persons

    Sand Capital Associates, LLC
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox not checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    FLORIDA
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    3,337,166.00
    6Shared Voting Power

    0.00
    7Sole Dispositive Power

    3,337,166.00
    8Shared Dispositive Power

    0.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    3,337,166.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    5.96 %
    12Type of Reporting Person (See Instructions)

    OO

    Comment for Type of Reporting Person:  Amounts beneficially owned as of December 31, 2024, are based on the total number of shares of common stock ("Common Stock") of Orion Office REIT Inc. (the "Issuer") outstanding, as reported in the Issuer's Form 10-Q filed on November 7, 2024. As the Managing Member of Sand Capital Associates, LLC ("Sand Capital"), Par Sanda may be deemed to beneficially own all of the shares of Common Stock beneficially owned by Sand Capital.


    SCHEDULE 13G

    CUSIP No.
    68629Y103


    1Names of Reporting Persons

    Sanda Family Foundation Trust
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox not checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    FLORIDA
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    216,353.00
    6Shared Voting Power

    0.00
    7Sole Dispositive Power

    216,353.00
    8Shared Dispositive Power

    0.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    216,353.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    0.39 %
    12Type of Reporting Person (See Instructions)

    OO

    Comment for Type of Reporting Person:  Amounts beneficially owned as of December 31, 2024, are based on the total number of shares of common stock ("Common Stock") of Orion Office REIT Inc. (the "Issuer") outstanding, as reported in the Issuer's Form 10-Q filed on November 7, 2024. As the Trustee of the Sanda Family Foundation Trust (the "Family Foundation"), Par Sanda may be deemed to beneficially own all of the shares of Common Stock beneficially owned by the Family Foundation.


    SCHEDULE 13G

    Item 1. 
    (a)Name of issuer:

    Orion Office REIT Inc.
    (b)Address of issuer's principal executive offices:

    2398 E. Camelback Road, Suite 1060, Phoenix, Arizona 85016
    Item 2. 
    (a)Name of person filing:

    Par Sanda, Sand Capital Associates, LLC, Sanda Family Foundation ("Reporting Persons")
    (b)Address or principal business office or, if none, residence:

    501 N. Birch Road, Unit 3, Fort Lauderdale, Florida 33304
    (c)Citizenship:

    Par Sanda, United States of America; Sand Capital Associates, LLC, State of Florida; Sanda Family Foundation, State of Florida
    (d)Title of class of securities:

    Common Stock
    (e)CUSIP No.:

    68629Y103
    Item 3.If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
    (a)Checkbox not checked   Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
    (b)Checkbox not checked   Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
    (c)Checkbox not checked   Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
    (d)Checkbox not checked   Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
    (e)Checkbox not checked   An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
    (f)Checkbox not checked   An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
    (g)Checkbox not checked   A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
    (h)Checkbox not checked   A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
    (i)Checkbox not checked   A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
    (j)Checkbox not checked   A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
           please specify the type of institution:
    (k)Checkbox not checked   Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
     
    Item 4.Ownership
    (a)Amount beneficially owned:

    4,198,621
    (b)Percent of class:

    7.50  %
    (c)Number of shares as to which the person has:
     (i) Sole power to vote or to direct the vote:

    4,198,621

     (ii) Shared power to vote or to direct the vote:

    0

     (iii) Sole power to dispose or to direct the disposition of:

    4,198,621

     (iv) Shared power to dispose or to direct the disposition of:

    0

    Item 5.Ownership of 5 Percent or Less of a Class.
     
    Item 6.Ownership of more than 5 Percent on Behalf of Another Person.
     
    Not Applicable
    Item 7.Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
     
    Not Applicable
    Item 8.Identification and Classification of Members of the Group.
     
    Not Applicable
    Item 9.Notice of Dissolution of Group.
     
    Not Applicable

    Item 10.Certifications:
     
    By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

        SIGNATURE 
     
    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

     
    Par Sanda
     
    Signature:/s/ Par Sanda
    Name/Title:Par Sanda, individual
    Date:02/12/2025
     
    Sand Capital Associates, LLC
     
    Signature:/s/ Par Sanda
    Name/Title:Par Sanda, Managing Member
    Date:02/12/2025
     
    Sanda Family Foundation Trust
     
    Signature:/s/ Par Sanda
    Name/Title:Par Sanda, Trustee
    Date:02/12/2025
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