Enhanced Investments - Financial Portal

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

Published: 2019-11-25 13:00:00 ET

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20191125005144/en/

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

Source: Office Properties Income Trust

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.