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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 Appoints Christopher Bilotto as President and Chief Operating Officer Effective January 1, 2021

10/12/2020

NEWTON, Mass.--(BUSINESS WIRE)-- Office Properties Income Trust (Nasdaq: OPI) today announced that Christopher Bilotto has been appointed as President and Chief Operating Officer of OPI, effective January 1, 2021.

Mr. Bilotto has been Vice President of OPI since 2019 and Chief Operating Officer of OPI since May 2020. Mr. Bilotto is also Senior Vice President of The RMR Group (Nasdaq: RMR), responsible for portfolio management oversight for all office, industrial and retail properties managed by RMR as well as responsible for all development and redevelopment activities at RMR across the United States. Prior to joining RMR in 2011, Mr. Bilotto worked at General Growth Properties in various management roles. He has more than 15 years of experience working in the commercial real estate industry, specializing in asset management, leasing and development.

Mr. Bilotto succeeds David M. Blackman, who is retiring from RMR on June 30, 2021 and therefore resigning from his executive officer positions at OPI, RMR and other affiliated companies, effective December 31, 2020. Mr. Blackman has been a member of OPI Senior Management since 2009 and a Managing Trustee of OPI since 2019. To ensure a smooth transition, Mr. Blackman will remain a non-executive employee of RMR until his retirement on June 30, 2021. Mr. Blackman will continue as a Managing Trustee of OPI until the earlier of his successor Managing Trustee being elected to the Board or his retirement on June 30, 2021.

Adam Portnoy, a Managing Trustee of OPI and a Managing Director, President and Chief Executive Officer of RMR, made the following statement:

“In nearly a decade at RMR and over the past two years as part of Senior Management at OPI, Chris has proven himself to be an inclusive and creative leader who has grown and excelled with each opportunity and challenge. Most recently, Chris has played a primary role during the pandemic in navigating OPI to a position of strength within the office REIT industry. Looking forward, Chris has the Board’s confidence to continue delivering strong operating performance while creating value for OPI’s shareholders.”

OPI is a REIT focused on owning, operating and leasing properties 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, Massachusetts.

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

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