Office Properties Income Trust Announces the Sale of Three Properties for $61.9 Million
NEWTON, Mass.--(BUSINESS WIRE)--Nov 25, 2019--
Office Properties Income Trust (Nasdaq: OPI) today announced that it has sold three properties for an aggregate sales price of $61.9 million, excluding closing costs. The three properties include:
Proceeds from today’s announced sales will be used for general business purposes, including the repayment of a portion of borrowings under the company’s revolving credit facility.
Office Properties Income Trust is a real estate investment trust, or REIT, focused on owning, operating and leasing buildings primarily leased to single tenants and those with high credit quality characteristics such as government entities. OPI is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, MA.
A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.
View source version on businesswire.com:https://www.businesswire.com/news/home/20191125005144/en/
CONTACT: Olivia Snyder, Manager, Investor Relations
KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS
INDUSTRY KEYWORD: CONSTRUCTION & PROPERTY PROFESSIONAL SERVICES REIT FINANCE
SOURCE: Office Properties Income Trust
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PUB: 11/25/2019 08:00 AM/DISC: 11/25/2019 08:00 AM