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Creditors Propose Takeover of Office Properties Income Trust
A group of creditors is proposing to take control of the bankrupt Office Properties Income Trust in a plan filed in a Texas court last week, the Boston Business Journal reported. The creditors include the hedge funds Helix Partners Management, Redwood Capital Management and Whitebox Advisors, along with Boston-based Liberty Mutual Investments. Creditors will vote on the proposal by mid-April.
Newton, MA-based Office Properties Income Trust filed for voluntary Chapter 11 bankruptcy in October 2025, reporting nearly $280 million in debt maturing this year and another $771 million next year. It claimed only $90 million in available liquidity in its latest earnings report at the time.
Office Properties Income Trust is one of four publicly traded REITs to be managed by the RMR Group, also based in Newton. The REIT has 125 office and mixed-use properties across the country, totaling 17 million square feet.
- ◦Financing
