NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that it has sold an 83,130 square foot property located at 3920 Pender Drive, Fairfax, VA for $22.2 million, including the repayment of $13.2 million of mortgage debt with an annual interest rate of 5.877% and excluding closing costs. Proceeds from today’s announced sale will be used for general business purposes.
David Blackman, President and Chief Executive Officer of OPI, made the following statement:
“This sale represents the final disposition of the six properties that were under purchase and sale agreements at year end. We are pleased with our ability to continue to execute on our capital recycling program in uncertain market conditions. We remain committed to our business strategies and to supporting the wellbeing of our tenants, shareholders and business partners.”
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.

