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Boston & New England  + Metro Boston  + Office  | 

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.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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