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The information appearing on OPI’s website includes statements which constitute forward looking statements. These forward looking statements are based upon OPI’s present intents, beliefs or expectations, but forward looking statements are not guaranteed to occur and may not occur. OPI’s actual results may differ materially from those contained in OPI’s forward looking statements. The information contained in OPI’s filings with the Securities and Exchange Commission, including under “Risk Factors" and “Warnings Concerning Forward Looking Statements” in OPI’s periodic reports and other filings, identifies important factors that could cause OPI’s actual results to differ materially from those stated in OPI’s forward looking statements. OPI’s filings with the SEC are available on the SEC’s website at www.sec.gov (opens in new window) and are also accessible on OPI’s website at the following link: SEC Filings. You should not place undue reliance upon forward looking statements.

The documents provided in this archived section are provided for historical purposes only. The information contained in each document is accurate only as of the date each document was originally issued or such earlier date stated in those documents. OPI does not undertake any obligation to update any information contained in these documents. For current information about the company, please refer to our most recent public SEC Filings.

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Office Properties Income Trust Announces the Sale of Three Properties for $61.9 Million

11/25/2019

NEWTON, Mass.--(BUSINESS WIRE)-- 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:

  • A six-story, 190,044 square foot office building located at 1401 Rockville Pike, Rockville, MD.
  • A four-story, 123,027 square foot office building located at 6300 Security Boulevard, Woodlawn, MD.
  • A two-story, 59,534 square foot office building located at 6340 Security Boulevard, Woodlawn, MD.

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.

Olivia Snyder, Manager, Investor Relations
(617) 219-1410

Source: Office Properties Income Trust

Categories: Press Releases
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