Investor Presentaiton slide image

Investor Presentaiton

OFFICE PROPERTIES INCOME TRUST STRATEGIC CAPITAL RECYCLING Since 2019, OPI has sold approximately $1.5 billion of assets and redeployed proceeds into more attractive markets. • Completed $849 million of property sales. 2019 2020 • Sold all common shares of The RMR Group for $105 million. • Completed $110 million of property sales. • Acquired Round Point Mortgage HQ in the Charlotte MSA for $35 million and an acquisition in the Boston CBD. • Completed $227 million of property sales. 2021 . 2022 2023 • . Redeployed proceeds into three acquisitions of office properties in Chicago, Atlanta and Boston for $577 million. Completed $211 million of property sales. Used proceeds to fund development projects and repay debt. • Completed $39.6 million of property sales year to date. (1) Used proceeds to fund development projects and repay debt. • Plan to increase sales of older, capital-intensive properties; assets OPI believes have maximized value and select market exits. Property Acquisitions & Dispositions Potential Benefits Reduce the average age of our portfolio. Reshape geographic and tenant diversification. Lengthen the weighted average term of our leases. $849 ($ millions) $577 Enhance leasing prospects and tenant retention. $227 $211 $110 $47 $3 2019 Manage ongoing capital requirements. $40 2020 2021 2022 2023 YTD Acquisitions Dispositions (1) Reflects activity through October 2023. 7
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