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.
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