Nancy Pelosi disclosed a fresh $500,000-to-$1 million stake in a San Francisco office property LLC, another real-estate play tied to the same investment channel as she winds down her House career.

Former House Speaker Nancy Pelosi (D-Calif.) reported a new investment of between $500,000 and $1 million in REOF XXX LLC, according to a recent congressional financial disclosure summarized by Benzinga.

The filing describes the stake as an “Investment in LLC which is acquiring and managing a commercial office property at 225 Bush Street in San Francisco.” That address is a commercial office building in the city long associated with her political base.

This is not a one-off. In July, Pelosi disclosed another $500,000-to-$1 million investment through REOF involving a luxury hotel property in San Francisco. Past disclosures show 13 REOF investments since 2019, totaling between $2.51 million and $5.15 million.

The REOF entities are associated with Greg Flynn. Real-estate holdings of this kind still fall under congressional disclosure rules, which is why the range appears on the public filing even as Pelosi’s stock-and-options activity has slowed.

Office tower stake follows years of REOF deals

The latest entry fits a pattern that has run for years. Since 2019, the Pelosi household has repeatedly used REOF vehicles for San Francisco-area property plays, with dollar ranges that stack into the low millions on paper.

Readers tracking her end-of-career filings will recognize the same band, $500,000 to $1 million, that showed up on the July hotel disclosure. The new filing simply swaps the asset type: commercial office at 225 Bush Street instead of a luxury hotel.

That continuity matters because Pelosi is not seeking re-election this year and is set to leave Congress in January 2027. When she leaves, this style of periodic disclosure for her household ends with the seat.

Related coverage has already flagged the same office stake as stock trades wind down, including our earlier report on how Pelosi reports up to $1 million San Francisco office stake while her market activity changes shape.

Stock and options activity hits a late-career pause

Earlier this year, Pelosi disclosed large stock and options positions in Bloom Energy and Uber Technologies. Those filings are described as the last stock and options transactions she has disclosed.

In 2026 she continued to report new stock positions and the exercise of options purchased more than a year earlier. The public record still shows the familiar Pelosi-household approach to long-dated call options, often expiring more than a year out, with strike prices below the stock’s market price at the time of disclosure, credited in past coverage to husband Paul Pelosi’s market activity.

Paul Pelosi’s name has also surfaced in separate legal coverage, including a hit-and-run charge in Napa County and later reports that he surfaced in San Francisco days after that charge. Those matters sit outside the disclosure itself, but they keep the household in the news while the financial filings continue.

Disclosure rules still apply until January 2027

Congressional financial disclosure exists so the public can see large holdings and transactions by members and their spouses. The REOF XXX LLC line is a range, not a precise share count, and the filing text is brief: the LLC is acquiring and managing the Bush Street office property.

Exact filing dates, full legal entity names behind the “XXX,” and the complete primary form text are not laid out beyond that summary. What is clear is the dollar band, the San Francisco office address, the Flynn-linked REOF channel, and the multi-year tally of 13 similar investments.

Pelosi still exercises influence over Democratic politics in California even as she prepares to exit the House. That includes efforts to shape who inherits her seat, a fight detailed when Pelosi rallied her political machine to block state Sen. Wiener from claiming the district.

She has also appeared in unexpected cross-aisle moments, such as when Pelosi and Omar backed a Trump plan on film production. The financial disclosures, though, are a separate paper trail, one that now points more at San Francisco real estate than at fresh options blitzes.

What the filing does and does not settle

The disclosure does not state a motive. It does not detail Flynn’s precise ownership role inside REOF XXX LLC. It does not give a tick-level purchase date for the Bush Street stake.

It does put another half-million-to-million-dollar real-estate line on the public record for a lawmaker who spent decades shaping federal policy while her household’s investments, stocks, options, and now repeated REOF property vehicles, remained a running story for market-watchers and voters alike.

For taxpayers who live under the laws Congress, the basic demand is simple: if members and their spouses can move large sums into private LLCs tied to local commercial property, the ranges and the addresses should stay in daylight until the last day on the payroll.

Pelosi’s latest filing keeps that daylight on a San Francisco office deal, and leaves the same old question hanging as she heads for the exit: who in Washington is writing the rules, and who is best positioned to profit under them?