Private Management Group, Inc. filed a Schedule 13G Amendment No. 2 with the SEC on November 9, 2026, disclosing a beneficial ownership position in Orion Properties Inc. common stock as of September 30, 2026.

Key Highlights

  • Beneficial ownership: Private Management Group, Inc. reported aggregate beneficial ownership of 5,500,856 shares of Orion Properties Inc. common stock.
  • Percent of class: The reported position represents 9.6% of the class, according to the filing.
  • Sole voting and dispositive power: The filing states that Private Management Group holds sole voting power and sole dispositive power over all 5,500,856 shares, with no shared voting or dispositive power.
  • Event date: The date of the event requiring this filing is September 30, 2026.
  • Separately managed accounts: The filing discloses that various separately managed accounts for whom the reporting person acts as investment adviser have the right to receive dividends from, and proceeds of the sale of, the reported shares.
  • Type of reporting person: Private Management Group, Inc. is identified as an investment adviser (type "IA"), organized in California.

Private Management Group Discloses 5,500,856 Shares in Orion Properties as of September 30, 2026

According to the Schedule 13G Amendment No. 2 filed on November 9, 2026, Private Management Group, Inc., an investment adviser incorporated in California and headquartered at 15635 Alton Parkway, Suite 400, Irvine, CA 92618, reported beneficial ownership of 5,500,856 shares of common stock (CUSIP 68629Y103) of Orion Properties Inc. The issuer's principal executive offices are listed in the filing as 3200 E. Camelback Road, Suite 100, Phoenix, Arizona 85018.

The filing indicates that Private Management Group holds sole voting power and sole dispositive power over all 5,500,856 shares, amounting to 9.6% of the class. No shared voting or dispositive power is reported. The filing was signed by Robert T. Summers, CFA, identified as Co-President of Private Management Group, Inc.

As disclosed under Item 6 of the filing, "various separately managed accounts for whom the reporting person acts as investment advisor have the right to receive dividends from, and the proceeds of the sale of, the shares reported by the reporting person." The filing further certifies, per Item 10, that the securities "were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer."

What Was Disclosed

Private Management Group, Inc. filed an amended Schedule 13G reporting 5,500,856 shares, or 9.6%, of Orion Properties Inc. common stock beneficially owned as of September 30, 2026, held through separately managed client accounts it advises.