Form 8-K
8-K — OFFICE PROPERTIES INCOME TRUST
Accession: 0001104659-26-038561
Filed: 2026-04-01
Period: 2026-03-31
CIK: 0001456772
SIC: 6500 (REAL ESTATE)
Item: Regulation FD Disclosure
Item: Financial Statements and Exhibits
Documents
8-K — tm2610825d1_8k.htm (Primary)
EX-99.1 — EXHIBIT 99.1 (tm2610825d1_ex99-1.htm)
EX-99.2 — EXHIBIT 99.2 (tm2610825d1_ex99-2.htm)
GRAPHIC (tm2610825d1_ex99-1img001.jpg)
GRAPHIC (tm2610825d1_ex99-1img002.jpg)
GRAPHIC (tm2610825d1_ex99-1img003.jpg)
GRAPHIC (tm2610825d1_ex99-1img004.jpg)
GRAPHIC (tm2610825d1_ex99-1img005.jpg)
GRAPHIC (tm2610825d1_ex99-1img006.jpg)
GRAPHIC (tm2610825d1_ex99-1img007.jpg)
GRAPHIC (tm2610825d1_ex99-1img008.jpg)
GRAPHIC (tm2610825d1_ex99-1img009.jpg)
GRAPHIC (tm2610825d1_ex99-2img001.jpg)
GRAPHIC (tm2610825d1_ex99-2img002.jpg)
GRAPHIC (tm2610825d1_ex99-2img003.jpg)
GRAPHIC (tm2610825d1_ex99-2img004.jpg)
GRAPHIC (tm2610825d1_ex99-2img005.jpg)
GRAPHIC (tm2610825d1_ex99-2img006.jpg)
GRAPHIC (tm2610825d1_ex99-2img007.jpg)
GRAPHIC (tm2610825d1_ex99-2img008.jpg)
GRAPHIC (tm2610825d1_ex99-2img009.jpg)
GRAPHIC (tm2610825d1_ex99-2img010.jpg)
GRAPHIC (tm2610825d1_ex99-2img011.jpg)
GRAPHIC (tm2610825d1_ex99-2img012.jpg)
GRAPHIC (tm2610825d1_ex99-2img013.jpg)
GRAPHIC (tm2610825d1_ex99-2img014.jpg)
GRAPHIC (tm2610825d1_ex99-2img015.jpg)
GRAPHIC (tm2610825d1_ex99-2img016.jpg)
GRAPHIC (tm2610825d1_ex99-2img017.jpg)
GRAPHIC (tm2610825d1_ex99-2img018.jpg)
GRAPHIC (tm2610825d1_ex99-2img019.jpg)
GRAPHIC (tm2610825d1_ex99-2img020.jpg)
GRAPHIC (tm2610825d1_ex99-2img021.jpg)
GRAPHIC (tm2610825d1_ex99-2img022.jpg)
GRAPHIC (tm2610825d1_ex99-2img023.jpg)
GRAPHIC (tm2610825d1_ex99-2img024.jpg)
GRAPHIC (tm2610825d1_ex99-2img025.jpg)
GRAPHIC (tm2610825d1_ex99-2img026.jpg)
GRAPHIC (tm2610825d1_ex99-2img027.jpg)
GRAPHIC (tm2610825d1_ex99-2img028.jpg)
GRAPHIC (tm2610825d1_ex99-2img029.jpg)
GRAPHIC (tm2610825d1_ex99-2img030.jpg)
GRAPHIC (tm2610825d1_ex99-2img031.jpg)
GRAPHIC (tm2610825d1_ex99-2img032.jpg)
GRAPHIC (tm2610825d1_ex99-2img033.jpg)
GRAPHIC (tm2610825d1_ex99-2img034.jpg)
GRAPHIC (tm2610825d1_ex99-2img035.jpg)
GRAPHIC (tm2610825d1_ex99-2img036.jpg)
GRAPHIC (tm2610825d1_ex99-2img037.jpg)
GRAPHIC (tm2610825d1_ex99-2img038.jpg)
GRAPHIC (tm2610825d1_ex99-2img039.jpg)
GRAPHIC (tm2610825d1_ex99-2img040.jpg)
GRAPHIC (tm2610825d1_ex99-2img041.jpg)
GRAPHIC (tm2610825d1_ex99-2img042.jpg)
GRAPHIC (tm2610825d1_ex99-2img043.jpg)
GRAPHIC (tm2610825d1_ex99-2img044.jpg)
GRAPHIC (tm2610825d1_ex99-2img045.jpg)
GRAPHIC (tm2610825d1_ex99-2img046.jpg)
GRAPHIC (tm2610825d1_ex99-2img047.jpg)
GRAPHIC (tm2610825d1_ex99-2img048.jpg)
GRAPHIC (tm2610825d1_ex99-2img049.jpg)
GRAPHIC (tm2610825d1_ex99-2img050.jpg)
GRAPHIC (tm2610825d1_ex99-2img051.jpg)
GRAPHIC (tm2610825d1_ex99-2img052.jpg)
GRAPHIC (tm2610825d1_ex99-2img053.jpg)
XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K — FORM 8-K
8-K (Primary)
Filename: tm2610825d1_8k.htm · Sequence: 1
false
0001456772
0001456772
2026-03-31
2026-03-31
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant
to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
March 31, 2026
OFFICE PROPERTIES INCOME TRUST
(Exact name of registrant as specified in its charter)
Maryland
001-34364
26-4273474
(State or other jurisdiction of
incorporation)
(Commission File
Number)
(IRS Employer
Identification No.)
Two
Newton Place, 255
Washington Street, Suite
300
Newton,
Massachusetts
02458-1634
(Address of principal executive offices)
(Zip Code)
(617) 219-1440
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
N/A
N/A
N/A
Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ¨
If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with
any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
In this Current Report on Form 8-K (this “Current
Report”), the terms the “Company,” “we,” “us,” and “our” refers to Office Properties
Income Trust.
Item 7.01. Regulation FD Disclosure
As previously reported, on
October 30, 2025, the Company and its debtor affiliates (collectively, the “Debtors”) each commenced with
the United States Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”) a voluntary
case (collectively, the “Chapter 11 Cases”) under chapter 11 of title 11 of the United States Code (the “Bankruptcy
Code”). The Chapter 11 Cases are jointly administered under the caption In re Office Properties Income Trust, et
al., Case No. 25-90530.
The 2027 Ad Hoc Group Mediation and Amended
Settlement
Pursuant to the
Stipulation and Agreed Order Regarding Mediation and Appointing Judge Marvin Isgur as Mediator (Docket No. 893)
(the “2027 Mediation Order”) entered by the Bankruptcy Court, on March 2, 2026, (a) the Debtors,
(b) an ad hoc group (the “September 2029 Ad Hoc Group”) of holders of the Company’s 9.000%
Senior Secured Notes due September 30, 2029, and (c) an ad hoc group (the “2027 Ad Hoc Group”
and together with the Debtors and the September 2029 Ad Hoc Group, each a “Party” and, collectively,
the “Parties”) of holders of certain of the Company’s 3.250% Senior Secured Notes due December 11, 2026 (the
“2027 Senior Secured Notes”) commenced non-binding mediation to resolve certain disputes and issues in
the Chapter 11 Cases. This disclosure contains all of the information that is required to be disclosed pursuant to paragraph 13 of
the 2027 Mediation Order. Terms used but not otherwise defined herein have the meanings ascribed to them in the Second Amended
Joint Chapter 11 Plan of Reorganization of Office Properties Income Trust and its Debtor Affiliates [Docket No. 1016] filed by
the Debtors (as may be amended, modified, or supplemented from time to time, including to reflect the terms of the Amended 2027
Settlement Term Sheet (as defined below), the “Plan”).
The Parties—including
advisors and principals—participated in the mediation and worked closely with the Mediator and each other to reach resolution of
the issues. On or about March 2, 2026, negotiations concluded and an initial settlement was reached among the Parties (the “Original
2027 Settlement”). The Parties continued to revise and finalize the Original 2027 Settlement and on March 31, 2026, the
Parties entered into an amended settlement (the “Amended 2027 Settlement”) and filed a revised version
of the settlement term sheet (the “Amended 2027 Settlement Term Sheet”) [Docket No. 1139]. A copy of the
Amended 2027 Settlement Term Sheet is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Certain of the key amendments
to the Original 2027 Settlement include:
· Interest
Rate: The $385,000,000 secured promissory note (the “Promissory Note”) issued on the Effective
Date (as defined in the Plan) will bear interest at 8.375% rather than 8.125%.
· Special
Purpose Vehicle: The Promissory Note shall be issued by a new special purpose vehicle (“SPV”).
The SPV incorporates certain protections for the holders of the 2027 Senior Secured Notes, including consent rights for an independent
director of the SPV, maintenance of books and records for review by the holders of the 2027 Senior Secured Notes, and other restrictions
on related-party transactions and distributions to equity.
· Limited
Guaranty: The reorganized Company shall provide a limited guaranty on the Promissory Note (the “Limited
Guaranty”), which shall be capped at a total of $60,000,000, subject to the terms of the Amended 2027 Settlement Term Sheet.
The reorganized Company will pay $10,000,000 of the Limited Guaranty as a support fee.
· Valuation:
The 2027 Ad Hoc Group confirmed their acceptance of $493,150,000 as the appraised value of the requisite properties securing the 2027
Senior Secured Notes on a first lien basis, thereby satisfying a requirement for effectiveness of the Amended 2027 Settlement.
The foregoing description
of the Amended 2027 Settlement does not purport to be complete and is qualified in its entirety by reference to the full text of the Amended
2027 Settlement Term Sheet and an amended chapter 11 plan incorporating such settlement.
Monthly Operating Reports
On March 31, 2026, the Debtors
filed their Monthly Operating Reports (the “MORs”) with the Bankruptcy Court. The MORs provide financial and
operational information regarding the Company’s performance during the period of February 1, 2026 through February 28, 2026. The
Debtors continue to operate their businesses and manage their properties as debtors-in-possession under the jurisdiction of the Bankruptcy
Court and in accordance with the applicable provisions of the Bankruptcy Code and orders of the Bankruptcy Court.
The Company’s MOR is
attached as Exhibit 99.2. Copies of the MORs and other filings with the Bankruptcy Court related to the Chapter 11 Cases are available
for review and download, free of charge, on the website of the Debtors’ claims, noticing, and solicitation agent at https://restructuring.ra.kroll.com/OPI
or through the Bankruptcy Court’s website, for a fee, at https://ecf.txsb.uscourts.gov. The information contained on, or that may
be accessed through, the websites referenced in this Current Report on Form 8-K in each case is not incorporated by reference into, and
is not a part of, this Current Report on Form 8-K.
Cautionary Statement Regarding the MORs
The Company cautions investors
and potential investors not to place undue reliance upon the information contained in the MORs, which were not prepared for the purpose
of providing the basis for an investment decision relating to any of the securities of the Company. The MORs are limited in scope, cover
a limited time period, and have been prepared solely for the purpose of complying with the reporting requirements of the Bankruptcy Court.
The MORs were not audited or reviewed by independent accountants, were not prepared in accordance with generally accepted accounting principles,
are in a format prescribed by applicable bankruptcy rules and guidelines, and are subject to future adjustment and reconciliation. There
can be no assurance that, from the perspective of an investor or potential investor in the Company’s securities, the MORs are complete.
The MORs also contain information for periods which are shorter or otherwise different from those required in the Company’s reports
pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and such information might
not be indicative of the Company’s financial condition or operating results for the periods that would be reflected in the Company’s
financial statements or in its reports pursuant to the Exchange Act. Results and projections set forth in the MORs should not be viewed
as indicative of future results.
Cautionary Language Regarding Trading in the
Company’s Common Shares
The Plan provides that the
Company’s common shares of beneficial interest, $.01 par value per share (“common shares”), will be cancelled
and extinguished on the effective date of the Plan, and the holders thereof will not be entitled to receive, and will not receive or retain,
any property or interest in property on account of such common shares. If the Plan is confirmed and the Company’s common shares
are cancelled, amounts invested by holders of such common shares will not be recoverable and such common shares will have no value. Trading
prices for the Company’s common shares may bear little or no relationship to the actual recovery, if any, by holders of the Company’s
common shares upon the conclusion of the Chapter 11 Cases. Accordingly, the Company urges extreme caution with respect to existing and
future investments in its common shares.
Cautionary Note Concerning Forward Looking
Statements
This Current Report on Form
8-K contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act
of 1995 and other securities laws. Also, whenever we use words such as “believe,” “expect,” “anticipate,”
“intend,” “plan,” “estimate,” “will,” “may,” and negatives or derivatives
of these or similar expressions, we are making forward-looking statements. These forward-looking statements are based upon our present
intent, beliefs, or expectations, but forward-looking statements are not guaranteed to occur and may not occur. Actual results may differ
materially from those contained in or implied by our forward-looking statements as a result of various factors. These forward-looking
statements include, among others, statements about the Plan, the process and potential outcomes of the Chapter 11 Cases, and the consummation
of the transactions contemplated by the Amended 2027 Settlement Term Sheet. Forward-looking statements are based on the Company’s
current expectations, assumptions, and estimates and are subject to risk, uncertainties, and other important factors that are difficult
to predict and that could cause actual results to differ materially and adversely from those expressed or implied. These risks include,
among others, those related to: the Company’s ability to confirm and consummate the Plan; the duration and outcome of the Chapter
11 Cases; the Company suffering from a long and protracted restructuring; the impact of the Chapter 11 Cases on the Company’s operations,
reputation, and relationships with tenants, lenders, and vendors; the Company having insufficient liquidity; the availability of financing;
the ability to satisfy the conditions precedent to the restructuring support agreement entered into in connection with the Chapter 11
Cases; the effectiveness of the overall restructuring activities pursuant to the Chapter 11 Cases and any additional strategies that the
Company may employ to address its liquidity and capital resources and achieve its stated goals; the potential cancellation of the Company’s
equity; and the Company’s historical financial information not being indicative of its future performance as a result of the Chapter
11 Cases.
The information contained
in the Company’s filings with the Securities and Exchange Commission (the “SEC”), including under
the caption “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 and subsequent
filings with the SEC, or incorporated herein or therein, identifies other important factors that could cause differences from our forward-looking
statements. The Company’s filings with the SEC are available on the SEC’s website at www.sec.gov.
You should not place undue
reliance upon the Company’s forward-looking statements.
Except as required by law,
we do not intend to update or change any forward-looking statements as a result of new information, future events or otherwise.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
Exhibit
No.
Description
of Exhibit
99.1
Amended
2027 Settlement Term Sheet
99.2
Office
Properties Income Trust Monthly Operating Report for the period of February 1, 2026 through February 28, 2026.
104
Cover
Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
OFFICE PROPERTIES INCOME TRUST
By:
/s/ Brian E. Donley
Name:
Brian E. Donley
Title:
Chief Financial Officer and Treasurer
Dated: April 1, 2026
EX-99.1 — EXHIBIT 99.1
EX-99.1
Filename: tm2610825d1_ex99-1.htm · Sequence: 2
Exhibit 99.1
1 / 9
US-DOCS\169984112.9
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE SOUTHERN DISTRICT OF TEXAS
HOUSTON DIVISION
IN RE:
OFFICE PROPERTIES INCOME
TRUST,
§
§
§
§
§
§
CASE NO: 25-90530
Debtors. Jointly Administered
CHAPTER 11
MARCH 31, 2026 TERM SHEET
The Effective Date will be on or before August 1, 2026.
1. On or before August 1, 2026, the Debtors will pay $15,000,000 to the
2027 holders (of which $10,000,000 will be the support fee described
below). On or before November 1, 2026, the Debtors will pay an
additional $15,000,000 to the 2027 holders. On or before February 1,
2027, the Debtors will pay an additional $30,000,000 to the 2027
holders. The deferred payments (other than the support fee) will bear
interest at 8.375% and be secured by the mortgage and treated as
mandatory amortization. The $60,000,000 of payments will be applied
as a $10,000,000 support fee to the 2027 AHG and as $50,000,000 in
principal payments. Not less than $50,000,000 of the $60,000,000 will
be sourced from outside of the current 2027 First Lien Collateral. Up
to $10,000,000 of the $60 million may be secured by a second lien on the
2027 collateral.
2. The Debtors will provide appraisals, prepared by a nationally
recognized appraisal firm, reflecting the fair market values of the
Collateral Package (as defined below). The appraisals will be
2 / 9
US-DOCS\169984112.9
reviewable by the 2027 holders, subject to their acceptance.1 If the
values are not acceptable, then this Agreement will not be effective.2
a. The appraisals will be performed on a property-by-property
basis. The Fair Market Values will be treated as the appraised
value of the properties.
b. The Minimum Value Requirement for the cumulative Fair
Market Values is $480,000,000. The $480,000,000 (as a
denominator) and the $335,000,000 (as the numerator) produce
an initial 70% loan to value ratio.
c. If the Minimum Value Requirement is not achieved, then
additional properties must be pledged as required in paragraph
4(ii).
3. Following the receipt of the $50,000,000 principal payments described
in paragraph 1, the 2027 holders will have a remaining claim of
$335,000,000. The remaining claim will be paid pursuant to a secured
promissory note issued on the effective date that will bear interest at
8.375% (referred to hereinafter as the “New 2027 Notes”). The New
2027 Notes will be issued by a newly formed, bankruptcy remote special
purpose vehicle (the “SPV”), that will hold the 2027 collateral owning
entities. The parties to the Indenture will be (i) the SPV, as the Issuer;
(ii) the Reorganized Debtor3 as the Limited Guarantor; (iii) the 2027
1 The aggregate fair market value of the Collateral Package as reflected in the Initial JLL
Valuations is $493,150,000. The property-by-property appraisal values will not be made public;
provided, (x) a 144A-style data room will be established for noteholders that will include, at any
time, the remaining principal balance of the Notes, the appraised value for the remaining
Collateral Package, and, promptly after any property in the Collateral Package is sold, the sale
price of such property and its corresponding appraised value and (y) the required reporting set
forth in this sentence shall cease when the remaining Collateral Package property count is five
(5) properties.
2 On March 31, 2026, the 2027 AHG confirmed their acceptance of appraised value and
satisfaction of Minimum Value Requirement.
3 This refers to the reorganized OPI parent entity that is contemplated to issue the equity and
other takeback debt under the plan.
3 / 9
US-DOCS\169984112.9
collateral owning entities guarantors, (iv) a newly formed Holdco above
the SPV issuer, as guarantor and pledgor of the SPV’s equity, and (v)
the Indenture Trustee (as Trustee). The 2027 Holders will be the
noteholders (and Beneficiaries).
a. The initial New 2027 Notes balance will be $385,000,000. It will
be without recourse to the Reorganized Debtor, other than as
provided under the Limited Guaranty.
b. The Reorganized Debtor will issue a limited guaranty (the
“Limited Guaranty”), capped at a total of $60,000,000, of the
following items:
i. $50,000,000 of the promissory note, to be paid pursuant
to paragraph 1, will be guaranteed by the Reorganized
Debtor, pursuant to a limited guaranty.
ii. $10,000,000, to be paid as the Support Fee.
c. The Limited Guaranty will also guaranty repayment (not subject
to the $60,000,000 cap) of any funds that are removed from the
SPV in contravention of the terms of this Term Sheet.
d. The Indenture will provide for the following required
amortization payments (the “Additional Amort”) in addition to
those described in paragraph 1 (which Additional Amort, would,
for the avoidance of doubt, not be guaranteed by the Reorganized
Debtor and not be subject to the call protection in Paragraph 12):
i. At least $45 million in principal payments under sections
7 and 8 of this term sheet by no later than February 1,
2028; and
ii. At least an additional $45 million in principal payments
under sections 7 and 8 of this term sheet by no later than
February 1, 2029.
4. The collateral for the balance of the $335,000,000 note will be secured
by a First Lien on (i) all of the First Lien Collateral held by the 2027
Holders, save and except the Irving, TX and Parsippany, NJ Properties
(which will be owned outside SPV structure); (ii) such Additional
property as required to meet the Minimum Value requirement set forth
above; (iii) the Capital Improvements Account established pursuant to
this Term Sheet; (iv) all Capital Improvements made pursuant to this
Term Sheet; and (v) the Reserve Account established pursuant to this
Term Sheet. These constitute the “Collateral Package.”
4 / 9
US-DOCS\169984112.9
5. Prior to the earlier of (i) the Effective Date; and (ii) August 1, 2026 (if
the Effective Date has not yet occurred), interest on the 2027 notes will
accrue and be fully paid at the non-default interest rate. Thereafter,
interest will accrue at 8.375%. Reasonable and documented
professional fees will be reimbursed on a current basis by the Debtors.
6. The SPV will maintain books and records, available for review by the
2027 Holders (subject to appropriate confidentiality restrictions
necessary to protect any future sale processes), reflecting these
calculations:
a. The Initial JLL Valuations of each of the properties in the 2027
collateral package.
b. A calculation of 70% of the Initial JLL Valuations of each of the
properties in the 2027 collateral package, which will be the
“Release Price” applicable to each property.
c. A calculation of the aggregate “Adjusted JLL Valuation” for all
properties that have not been sold and remain in the Collateral
Package, which will be equal to the sum of the following:
i. The Initial JLL Valuation on each remaining property;
plus
ii. The Cash balance in the Capital Improvements Account;
plus
iii. The cash expenditures (other than tenant
improvements, other lease related costs, and RMR fees)
expended after the effective date on Capital
Improvements at all properties that remain in the
collateral pool (i.e., unsold properties).
d. The amount in the Reserve Account will be reported on a
quarterly basis in the Reorganized Debtor’s Form 10Q or 10K
and/or in the 144A-style data room.
7. The Debtor may sell one or more of the properties that are held as
collateral by the 2027 Holders, with the lien on the sold properties being
released at the closing of the sale.
a. With respect to the first $150,000,000 of gross sales proceeds
from properties that are sold:
5 / 9
US-DOCS\169984112.9
i. The minimum sales price must produce net sales
proceeds that equal or exceed the Release Price Per
Property of the property to be sold. If not, the sale may
only occur (i) with the written consent of the independent
director of the SPV or 50% of the 2027 Holders or (ii) in
connection with the payment of Additional Amort, if the
SPV provides for a paydown of the New 2027 Notes from
the Reserve Account equal to the shortfall between the
net sales proceeds and the Release Price and (x) the net
sale proceeds are no more than 10% less than the Release
Price Per Property in connection with a payment under
3.d.ii.1 or no more than 15% less than the Release Price
Per Property in connection with a payment under 3.d.ii.2
and (y) there is a certification that such property has
been the subject of a reasonable good faith marketing
process consistent with industry practice and that the
proposed sale is the highest or best offer.
ii. The net sales proceeds will be distributed:
1. First, if and only if the remaining loan balance after
application of the net sales proceeds, divided by the
Adjusted JLL Valuations for all unsold properties
is less than or equal to 70%, 7% of the Release Price
may, at the SPV’s sole option, be deposited into the
Capital Improvements Account;
2. Second, to make a payment on the New 2027 Notes
in an amount to be determined by the Reorganized
Debtor but not less than the Release Price per
Property minus any amounts deposited into the
Capital Improvements Account.
3. Third, the balance shall be deposited in the Reserve
Account.
b. With respect to the balance of gross sales proceeds of any
properties that are sold:
6 / 9
US-DOCS\169984112.9
i. The minimum sales price must produce net sales
proceeds that equal or exceed the Release Price Per
Property of the property to be sold. If not, the sale may
only occur (i) with the written consent of the SPV
independent director or 50% of the 2027 Holders or (ii)
in connection with the payment of Additional Amort, if
the SPV provides for a paydown of the New 2027 Notes
from the Reserve Account equal to the shortfall between
the net sales proceeds and the Release Price and (x) the
net sale proceeds are no more than 10% less than the
Release Price Per Property in connection with a payment
under 3.d.ii.1 or no more than 15% less than the Release
Price Per Property in connection with a payment under
3.d.ii.2 and (y) there is a certification that such property
has been the subject of a reasonable good faith
marketing process consistent with industry practice and
that the proposed sale is the highest or best offer.
ii. The net sales proceeds will be distributed:
1. First, if and only if the remaining loan balance after
application of the net sales proceeds, divided by the
Adjusted JLL Valuations for all unsold properties
is less than or equal to 70%, 7% of the Release Price
may, at the SPV’s sole option, be deposited into the
Capital Improvements Account;
2. Second, to make a payment on the New 2027 Notes
in an amount to be determined by the SPV but not
less than the Release Price per Property minus any
amounts deposited into the Capital Improvements
Account.
3. Third, the balance shall be paid 50% to make a
payment on the New 2027 Notes and 50% to be
deposited in the Reserve Account.
8. Any funds received by the Reorganized Debtors under the preceding
paragraph or otherwise received on account of the properties owned by
the SPV must be retained by the SPV either (i) in the “Capital
7 / 9
US-DOCS\169984112.9
Improvements Account” (to the extent that deposits into that account
are made pursuant to this Term Sheet) or (ii) in a reserve account (the
“Reserve Account”) and used solely for the payment of lawful expenses
of the SPV and its subsidiaries, repairs or capital improvements on the
Collateral Package, or interest or principal payments on the New 2027
Notes (including any payment that may be sourced from the Collateral
Package under Paragraph 1). None may be distributed to equity
holders or in payment of debt to the equity holders. Moneys deposited
into the Capital Improvements Account may be used solely for the
making of capital improvements on the remaining properties in the
2027 collateral pool. Capital Improvements will be valued at actual
cash expended. The determination of whether an expenditure is a
capital improvement will be determined in accordance with GAAP.
9. All payments made under paragraph 7, or from the Reserve Account as
Additional Amort to reduce the principal balance of the New 2027
Notes, must be applied, at par, to the principal on the promissory note.
10.The final maturity date of the promissory note will be in December
2029.
11.The final maturity date of debt issued to the 2029 holders will be not
earlier than June 2031.
12.The promissory note may be prepaid on the following schedule.
Mandatory payments under paragraph 7 will not be treated as a
prepayment.
Months Repayment Amount
Through July 31, 2027 At par
August 1, 2027 through
January 31, 2028
At 103% of par
February 1, 2028
through July 31, 2028
At 102% of par
August 1, 2028 through
January 31, 2029
At 101% of par
February 1, 2029
through maturity
At par
8 / 9
US-DOCS\169984112.9
13. The parties will agree on a set of management covenants that prohibit
the Reorganized Debtor or the SPV from violating any sacred rights
that are provided by this Term Sheet. The SPV shall have an
independent director identified by the 2027 Holders, constituent
documents that shall require consent of the SPV’s board (including the
affirmative consent of the independent director) to approve (a) related
party transactions; provided that such consent shall not be required for
the sale of any property to a related party so long as the net sale
proceeds exceed the Release Price for such property and there is a
certification that (1) such property was the subject of a reasonable good
faith marketing process consistent with industry practice and the
affiliate did not possess any material information related to such
property that was not disclosed as part of the marketing process, (2)
the SPV’s board (including the independent director) has been provided
with timely access to all material information regarding the marketing
process and copies of all bids received and (3) the sale to the related
party is the highest or best offer for such property, (b) changes to the
SPV’s constituent documents; and (c) filing a bankruptcy or insolvency
proceeding. Other decisions may be made by majority vote of the SPV
board. The SPV entities shall be prohibited in their constituent
documents from guarantying debt of other Reorganized Debtor entities
or entering into non-arms’ length contracts with affiliates (other than
other SPV entities). The SPV’s directors shall have fiduciary duties to
the SPV separate from the larger OPI enterprise that cannot be waived
or amended. All management agreements shall be terminable by the
SPV following a default under the notes, and in no event shall the SPV
be liable for any termination or similar fee under any management
agreement without the consent of the SPV board (including the
affirmative consent of the independent director), and any extension,
amendment, or replacement of the RMR management agreement shall
not treat the SPV entities any worse than other Reorganized Debtor
entities.
14.Overhead and shared enterprise expenses, including management fees,
shall continue to be allocated among the SPV entities and the other
Reorganized Debtor entities pursuant to a methodology consistent with
that used for allocation of such expenses during the chapter 11 cases
pursuant to an agreement among the SPV and such other Reorganized
Debtors to be mutually agreed and filed as a Plan Supplement
document.
9 / 9
US-DOCS\169984112.9
15.The parties will exchange mutual releases and agree to other customary
documents to implement the terms of this term sheet. Parties shall
work in good faith to incorporate the terms of this Term Sheet into the
Plan and Plan Supplement. Any disputes that arise in connection with
the definitive documentation of the Term Sheet that cannot be resolved
consensually shall be heard by the Bankruptcy Court and the parties
remain bound to the Term Sheet as ruled on by the Bankruptcy Court.
16.Reasonable and documented professional fees will be reimbursed on a
current basis by the Debtors as adequate protection in accordance with
the procedures set forth in the Final DIP Order [Docket 785]. The
parties agree that the fourteen-day period referenced in paragraph 3 of
Docket 976 was extended in the mediation through the date of the filing
of the proposed indenture.
a. Any fees not previously paid will be paid on the first business day
following the date of the filing of the proposed indenture. The
2029 holders stipulate that only the Debtors may make written
objections to the fees under paragraph 18 of the DIP Order.
b. Not later than April 6, 2026, the 2029 Holders may advise the
Debtors of any objections that they believe should be raised by
the Debtors. Not later than April 9, 2026, the Debtors will
inform the 2027 Holders of any objection that the Debtors choose
to make. If the Debtors so inform the 2027 Holders of any
objection, (i) the proposed indenture will not be filed and (ii) this
Term Sheet will be null and void at the sole option of the 2027
Holders.
c. All defenses to any objection are preserved by the 2027 Holders.
d. All outstanding fees and expenses payable under paragraph
3(f)(v) of the amended Final DIP Order will be paid in full in cash
under the Plan.
EX-99.2 — EXHIBIT 99.2
EX-99.2
Filename: tm2610825d1_ex99-2.htm · Sequence: 3
Exhibit 99.2
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE SOUTHERN DISTRICT OF TEXAS
HOUSTON DIVISION
Case Name: Office Properties Income Trust, et al. 1 Petition Date: October 30, 2025
Case Number: 25-90530 (CML)
GLOBAL NOTES AND STATEMENTS OF LIMITATIONS, METHODOLOGY, AND
DISCLAIMERS REGARDING DEBTORS’ MONTHLY OPERATING REPORT
The accompanying Monthly Operating Report (the “MOR”) has been prepared by Office
Properties Income Trust and its debtor affiliates, as debtors and debtors in possession (collectively,
the “Debtors”) in the above-captioned chapter 11 cases (the “Chapter 11 Cases”). On October 30,
2025 (the “Petition Date”), the Debtors commenced these Chapter 11 Cases by filing voluntary
petitions for relief under chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”)
with the United States Bankruptcy Court for the Southern District of Texas (the “Bankruptcy
Court”). These Chapter 11 Cases have been consolidated for procedural purposes only and are
being jointly administered under Case No. 25-90530 (CML). The Debtors are authorized to
operate their business as debtors-in-possession pursuant to sections 1107(a) and 1108 of the
Bankruptcy Code.
The following notes, statements, and limitations should be referred to, and referenced in
connection with, any review of the MOR accompanying these global notes (the “Global Notes”).
1. General Methodology. The Debtors are filing this MOR solely for the purpose of
complying with the monthly reporting requirements of the Office of the United States
Trustee for Region 7 (the “U.S. Trustee”) and applicable bankruptcy reporting guidelines.
The financial and supplemental information contained in these Global Notes is unaudited,
limited in scope, and is not prepared in accordance with accounting principles generally
accepted in the United States of America (“U.S. GAAP”) nor in accordance with federal or
state securities laws or other applicable non-bankruptcy law or in lieu of complying with
any periodic reporting requirements thereunder, nor is it intended to fully reconcile to the
consolidated financial statements prepared by the Debtors. These Global Notes contain
information that is applicable to each MOR filed in the Chapter 11 Cases
contemporaneously herewith. Accordingly, the financial information presented in the
MORs is subject to further review, adjustment, and reclassification as additional
information becomes available. This MOR should not be relied upon for valuation,
investment, or any other purpose other than compliance with the applicable reporting
guidelines noted above.
2. Basis of Presentation. In preparing this MOR, the Debtors relied on financial data
available from the books and records available to them at the time of such preparation, but
1 A complete list of the Debtors in the Chapter 11 Cases may be obtained on the website of the Debtors’ claims and
noticing agent at https://restructuring.ra.kroll.com/OPI. The Debtors’ mailing address is Two Newton Place, 255
Washington Street, Suite 300, Newton, Massachusetts 02458-1634.
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 1 of 53
2
this MOR and financial data do not reflect in all circumstances presentation for U.S.
GAAP. Asset values reflected in this MOR are book values and not based upon any
contemporaneous valuation. Although the Debtors made commercially reasonable efforts
to ensure the accuracy and completeness of this MOR, inadvertent errors or omissions may
exist. The results of operations contained herein are not necessarily indicative of results
which may be expected from any other period or for the full year and may not necessarily
reflect the results of operations, financial position and cash flows of the Debtors in the
future. Each signatory to this MOR has necessarily relied upon the efforts, statements,
advice and representations of personnel of the Debtors and the Debtors’ advisors and
professionals. Each signatory has not (and could not have) personally verified the accuracy
of each such statement, representation, and answer contained in this MOR.
3. Reporting Period. Unless otherwise noted herein, this MOR generally reflects the
Debtors’ books and records and financial activity occurring during the applicable reporting
period. Except as otherwise noted, no adjustments have been made for activity occurring
after the close of the reporting period. The Debtors have reflected the reporting period in
these MORs as February 1, 2026 to February 28, 2026.
4. Accuracy. The financial information disclosed herein was not prepared in accordance with
federal or state securities laws or other applicable non‐bankruptcy law or in lieu of
complying with any periodic reporting requirements thereunder. Persons and entities
trading in or otherwise purchasing, selling, or transferring claims against or equity interests
in the Debtors should evaluate this financial information in light of the purposes for which
it was prepared. The Debtors are not liable for and undertake no responsibility to indicate
variations from securities laws or for any evaluations of the Debtors based on this financial
information or any other information.
5. Payment of Prepetition Claims Pursuant to First Day Orders. Pursuant to various "first
day" orders and any supplements or amendments to such orders entered by the Bankruptcy
Court (each, a “First Day Order,” and collectively, the “First Day Orders”), the Debtors
and their estates are authorized or expect to be authorized to pay certain prepetition claims,
including, without limitation:
a. Essential Claims, as defined in the Final Order (I) Authorizing the Debtors to Pay
Certain Prepetition Claims of (A) Health, Safety, and Environmental Providers, (B)
Lien Claimants, and (C) 503(b)(9) Claimants; (II) Confirming Administrative
Expense Priority of Outstanding Prepetition Orders; (III) Authorizing Financial
Institutions to Honor and Process Related Checks and Transfers; and (IV)
Granting Related Relief [Docket No. 440];
b. Tenant Obligations, as defined in the Order (I) Authorizing the Debtors to Pay
Tenant Obligations and (II) Granting Related Relief [Docket No. 92];
c. Insurance Obligations, as defined in the Order (I) Authorizing Debtors to (A)
Continue Insurance Programs, and (B) Pay All Obligations with Respect Thereto;
and (II) Granting Related Relief [Docket No. 95];
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 2 of 53
3
d. Taxes and Fees, as defined in the Order (I) Authorizing Debtors to Pay Certain
Prepetition Taxes and Fees; and (II) Granting Related Relief [Docket No. 96];
e. Adequate Assurance Deposits and Administrative Fees, as defined in the Order (I)
Approving Debtors’ Proposed Form of Adequate Assurance of Payment to Utility
Providers; (II) Establishing Procedures For Resolving Objections by Utility
Providers; (III) Prohibiting Utility Providers From Altering, Refusing, or
Discontinuing Service; and (IV) Granting Related Relief [Docket No. 97]; and
f. Account Fees, as defined in the Final Order (I) Authorizing Debtors to (A)
Continue Existing Cash Management System, (B) Maintain Existing Business
Forms and Intercompany Arrangements, and (C) Continue Intercompany
Transactions; and (II) Granting Related Relief [Docket No. 438] (the “Final Cash
Management Order”).
If any payments were made following the commencement of the Chapter 11 Cases pursuant
to the authority granted to the Debtors by the Bankruptcy Court under the First Day Orders,
such payments have been included in this MOR unless otherwise noted.
6. Liabilities Subject to Compromise. The amounts currently classified as liabilities subject
to compromise reflect the accounting impact of ASC 852, Reorganizations, effective from
the Petition Date. Following adoption of this accounting standard, certain prepetition
liabilities have been reclassified and collated as a liability subject to compromise. The
amounts currently classified as subject to compromise do not reflect the claimant value but
reflects the best estimate as at the reporting date. When claims are received and reconciled,
adjustments will be made prospectively.
7. Reservation of Rights. The Debtors hereby reserve all rights to dispute the validity, status,
enforceability, or executory nature of any claim amount, representation, or other statement
in the MORs. The Debtors reserve all rights to amend or supplement the MORs in all
respects, as may be necessary or appropriate, but shall be under no obligation to do so.
Nothing contained in the MORs shall constitute a waiver of any of the Debtors’ rights or
an admission with respect to their Chapter 11 Cases.
8. Insiders and Affiliates. In the circumstances where the MORs require information
regarding “insiders” or “affiliates,” the Debtors may include information with respect to
the individuals and entities whom the Debtors believe may be argued to fall within the
definition of “insider” set forth in section 101(31) of the Bankruptcy Code or “affiliate” set
forth in section 101(2) of the Bankruptcy Code, as applicable, during the relevant time
periods. The listing or omission of a party as an “insider” or “affiliate” for the purposes of
the MOR is for informational purposes and is not intended to be nor should be construed
as an admission that those parties are insiders or affiliates for purposes of section 101(31)
or 101(2), as applicable, of the Bankruptcy Code. Information regarding the individuals or
entities listed as insiders or affiliates in the MORs may not be used for: (a) the purposes of
determining (i) control of the Debtors; (ii) the extent to which any individual or entity
exercised management responsibilities or functions; (iii) corporate decision-making
authority over the Debtors; or (iv) whether such individual or entity (or the Debtors) could
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 3 of 53
4
successfully argue that they are not an insider or affiliate under applicable law, including
the Bankruptcy Code and federal securities laws, or with respect to any theories of liability
or (b) any other purpose. Furthermore, certain of the individuals or entities identified as
insiders or affiliates may not have been insiders or affiliates for the entirety of the twelve-month period before the Petition Date, but the Debtors have included them herein out of
an abundance of caution. The Debtors reserve all rights with respect thereto. For the
avoidance of doubt, the Debtors do not employ any employees.
9. Specific MOR Disclosures.
Notes to Part 1: Cash Receipts and Disbursements
• The Debtors use a consolidated cash management system through which the Debtors
pay substantially all liabilities and expenses. A more complete description of the
Debtors’ Cash Management System is set forth in the Emergency Motion of Debtors
for Entry of Interim and Final Orders (I) Authorizing Debtors to (A) Continue Existing
Cash Management System, (B) Maintain Existing Business Forms and Intercompany
Arrangements, and (C) Continue Intercompany Transactions; and (II) Granting
Related Relief [Docket No. 21] (the “Cash Management Motion”) filed on October
31, 2025.
• Receipts primarily consist of rental income collections, supplemented by cash inflows
from asset sales and from proceeds from financing activity reflected on the MOR of
Debtor Office Properties Income Trust.
• The Debtors have endeavored to allocate receipts and disbursements to the appropriate
legal entity based on the underlying transaction, even if the associated cash flow
occurred through a different Debtor’s bank account.
o Rent and other receipts are attributed to the appropriate Debtor entity receiving
the rent and other receipts, regardless of the receiving bank account.
o Similarly, disbursements are attributed to the invoiced entity, irrespective of the
entity making the payment.
• Receipts and disbursements processed through Sonesta-controlled bank accounts, as
described in the Cash Management Motion, are included in the cash receipts and
disbursements calculations. However, because these bank accounts are not controlled
by Debtor 20 Mass Ave TRS Inc., the related ending cash balances are excluded to
reconcile to the Debtor’s book ending cash balance.
• Disbursements related to professional fees that are transferred into the professional fee
reserve account are included in cash disbursements at the time the amounts are
transferred to such account. Notwithstanding the foregoing, such amounts remain
included in the ending cash balance until ultimately disbursed from the professional fee
reserve account.
• Receipts and disbursements from non-Debtor entities have been excluded, even if such
transactions pass through Debtor bank accounts, as they are not attributable to the
Debtors. However, receipts and disbursements related to the Non-Debtor Mortgages,
as defined in the Declaration of John R. Castellano in Support of Chapter 11 Petitions
and First Day Relief [Docket No. 26] (the “First Day Declaration”), are included in
the Cash and Cash Equivalents of Office Properties Income Trust.
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 4 of 53
5
• Based on guidance received from the Office of the United States Trustee, reported cash
receipts and disbursements should exclude intercompany transactions. Therefore, for
those Debtors with net intercompany cash outflows or inflows during the reporting
period, the ending cash balances reported on Form 11 MOR Part 1 may not equal the
ending cash balances per the Debtors’ bank statements or the Debtors’ books and
records.
Notes to Part 2: Asset and Liability Status
• The amounts identified in Part 2 of this MOR are derived from the Debtors’ unaudited
and estimated balance sheets. Please refer to the notes above for information regarding
presentation and limitations that may exist in this MOR.
• The Debtors report cash on their balance sheets in Cash and cash equivalents and in
Restricted cash. Restricted cash includes cash subject to legal or contractual
restrictions, such as property level reserves, professional fee escrows, utility deposits,
DIP Facility-related balances, and other escrowed amounts.
• The funded secured and unsecured debt amounts identified in Part 2 of the MOR are
derived from the Debtors’ unaudited and estimated balance sheets. Such amounts do
not reflect the Debtors’ view as to the amount of any claim and the Debtors reserve all
rights with respect to any asserted claim amounts. Accordingly, there may be
differences between such amounts asserted in the MORs and any corresponding
amounts stated in the Debtors’ statements of financial affairs and schedules of assets
and liabilities.
• While receipts and disbursements processed through Sonesta-controlled bank accounts
are included in the cash activity for Debtor 20 Mass Ave TRS Inc., the balance sheet
only includes the cumulative net income from the tenant hotel business once excess
cash from the Sonesta-controlled bank accounts is transferred to Debtor 20 Mass Ave
TRS Inc. as described in the Cash Management Motion pursuant to the Sonesta
Management Agreement as defined in the First Day Declaration.
• Amounts reported in “Liabilities Subject to Compromise” include intercompany
balances. Intercompany balances have not been eliminated between Debtors for MOR
reporting purposes.
Notes to Part 4: Income Statement (Statement of Operations)
• The income statement included in this MOR reflects month-to-date results. This
clarification is provided for the avoidance of doubt.
• While receipts and disbursements processed through Sonesta-controlled bank accounts
are included in the cash activity for Debtor 20 Mass Ave TRS Inc., the income
statement only includes the net gain/loss from the tenant hotel business once excess
cash from the Sonesta-controlled bank accounts is transferred to Debtor 20 Mass Ave
TRS Inc. as further described in the Cash Management Motion and the First Day
Declaration.
• Please refer to the notes above for information about presentation and limitations that
may exist in the MOR.
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 5 of 53
6
Notes to Part 5: Professional Fees
• Debtor professional fees are recorded at the paying Debtor – Office Properties
Income Trust - and are not further allocated to individual legal entities.
Notes to Part 6: Postpetition Taxes
• In the ordinary course of business, the Debtors are obligated to pay, among other taxes,
sales and use, property, and income taxes, and various other governmental charges,
fees, and assessments (collectively, the “Taxes and Fees”).
• The Debtors believe that they are current with respect to any postpetition Taxes and
Fees that have come due.
Notes to Part 7: Questionnaire
• 7a – Payments on Prepetition Debt: As further described above, all payments made
by the Debtors during the period were authorized under First Day Orders or the Final
DIP Order (as defined below) granted by the Bankruptcy Court.
• 7c – Payments to Insiders: The personnel and various services the Company requires
to operate its business and properties are provided by The RMR Group LLC (“RMR”)
pursuant to two agreements: a business management agreement (“RMR Management
Agreement”) and a property management agreement (“RMR Property Management
Agreement” and together, collectively, the “RMR Management Agreements”).
As described in more detail in the First Day Declaration, the Debtors pay RMR for
business management fees, property management fees, construction management fees,
payroll reimbursement and accounts payable funding, regionwide expenses, and certain
operating reimbursements. As discussed above, the Debtors reserve all rights with
respect to the determination or status of RMR, and any other individual or entity listed
herein, as an “insider” as defined in section 101(13) of the Bankruptcy Code or an
affiliate as defined in section 101(2) of the Bankruptcy Code. To the extent RMR is
listed in the Payments to Insiders attachment, such inclusion is for informational
purposes only and is not intended to be nor should be construed as an admission that
RMR is an Insider for purposes of section 101(31) or 101(2), as applicable, of the
Bankruptcy Code.
Additionally, as described in the First Day Declaration, the Debtors pay certain fees
and reimbursements to Sonesta pursuant to the Sonesta Management Agreement.
Accordingly, to the extent Sonesta is listed in the Payments to Insiders attachment, such
inclusion is for informational purposes only and is not intended to be nor should be
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 6 of 53
7
construed as an admission that Sonesta is an Insider for purposes of section 101(31) or
101(2), as applicable, of the Bankruptcy Code.
• 7g – Postpetition Borrowing: On November 5, 2025, the Bankruptcy Court entered
the Interim Order Pursuant to Sections 105, 361, 362, 363, and 364 of the Bankruptcy
Code and Rules 2002, 4001, 6004, and 9014 of the Federal Rules of Bankruptcy
Procedure (I) Authorizing the Debtors to Use Cash Collateral and Obtain Secured
Postpetition Financing; (II) Granting Liens and Superpriority Administrative Claims;
(III) Providing Adequate Protection; (IV) Scheduling a Final Hearing; and (V)
Granting Related Relief [Docket No. 150] (the “Interim DIP Order”) authorizing the
Debtors to enter into the DIP Documents (as defined in the Interim DIP Order) and
obtain post-petition borrowing thereunder. On November 6, 2025, in accordance with
the Interim DIP Order, the Debtors drew $10 million under the DIP Facility, net any
fees payable to the DIP Agent and the DIP Lenders (each as defined in the Interim DIP
Order). The Debtors received $9.7 million on November 6, 2025 into their Segregated
Account (as defined in the Interim DIP Order). The Bankruptcy Court held the Final
Hearing (as defined in the Final DIP Order) on January 28, 2026 and January 29, 2026,
and on February 4, 2026, entered the Final Order Pursuant to Sections 105, 361, 362,
363, and 364 of the Bankruptcy Code and Rules 2002, 4001, 6004, and 9014 of the
Federal Rules of Bankruptcy Procedure (I) Authorizing the Debtors to Use Cash
Collateral and Obtain Secured Postpetition Financing; (II) Granting Liens and
Superpriority Administrative Claims; (III) Providing Adequate Protection; and (IV)
Granting Related Relief (the “Final DIP Order”). By February 6, 2026, in accordance
with the Final DIP Order, the Debtors drew $75 million under the DIP Facility. The
Debtors received $64.3 million on February 6, 2026 into their Segregated Account, net
any fees payable to the DIP Agent and the DIP Lenders and the amount of the Tranche
A2 Term Loan (as defined in the Final DIP Order). The remaining $10.7 million
amount of the Tranche A2 Term Loan was syndicated to eligible participants of the
DIP Facility. The syndication process terminated on February 26, 2026, at 5:00 p.m.
New York City time, and the Debtors received the $10.7 million Tranche A2 Term
Loan on March 13, 2026.
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 7 of 53
UST Form 11-MOR (12/01/2021) 1
UNITED STATES BANKRUPTCY COURT
Southern DISTRICT OF Texas
Houston
In Re. Office Properties Income Trust
Debtor(s)
§
§
§
§
Case No. 25-90530
Lead Case No. 25-90530
Jointly Administered
Monthly Operating Report Chapter 11
Reporting Period Ended: 02/28/2026 Petition Date: 10/30/2025
Months Pending: 4 Industry Classification: 5 3 1 1
Reporting Method: Accrual Basis Cash Basis
Debtor's Full-Time Employees (current): 0
Debtor's Full-Time Employees (as of date of order for relief): 0
Supporting Documentation (check all that are attached):
(For jointly administered debtors, any required schedules must be provided on a non-consolidated basis for each debtor)
Statement of cash receipts and disbursements
Balance sheet containing the summary and detail of the assets, liabilities and equity (net worth) or deficit
Statement of operations (profit or loss statement)
Accounts receivable aging
Postpetition liabilities aging
Statement of capital assets
Schedule of payments to professionals
Schedule of payments to insiders
All bank statements and bank reconciliations for the reporting period
Description of the assets sold or transferred and the terms of the sale or transfer
Signature of Responsible Party Printed Name of Responsible Party
Date
Address
/s/ Timothy A. (“Tad”) Davidson II
03/31/2026
Timothy A. (“Tad”) Davidson II
600 Travis Street, Suite 4200, Houston, TX 77002
STATEMENT: This Periodic Report is associated with an open bankruptcy case; therefore, Paperwork Reduction Act exemption 5 C.F.R. §
1320.4(a)(2) applies.
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 8 of 53
UST Form 11-MOR (12/01/2021) 2
Debtor's Name Office Properties Income Trust Case No. 25-90530
Part 1: Cash Receipts and Disbursements Current Month Cumulative
a. Cash balance beginning of month $29,939,414
b. Total receipts (net of transfers between accounts) $64,453,451 $74,591,181
c. Total disbursements (net of transfers between accounts) $5,609,258 $18,490,831
d. Cash balance end of month (a+b-c) $88,783,607
e. Disbursements made by third party for the benefit of the estate $0 $0
f. Total disbursements for quarterly fee calculation (c+e) $5,609,258 $18,490,831
Part 2: Asset and Liability Status Current Month
(Not generally applicable to Individual Debtors. See Instructions.)
a. Accounts receivable (total net of allowance) $0
b. Accounts receivable over 90 days outstanding (net of allowance) $0
c. Inventory (Book Market Other (attach explanation)) $0
d Total current assets $83,285,161
e. Total assets $3,594,371,747
f. Postpetition payables (excluding taxes) $139,392,285
g. Postpetition payables past due (excluding taxes) $2,750
h. Postpetition taxes payable $212,834
i. Postpetition taxes past due $0
j. Total postpetition debt (f+h) $139,605,119
k. Prepetition secured debt $1,309,358,645
l. Prepetition priority debt $0
m. Prepetition unsecured debt $2,768,535,132
n. Total liabilities (debt) (j+k+l+m) $4,217,498,896
o. Ending equity/net worth (e-n) $-623,127,149
Part 3: Assets Sold or Transferred Current Month Cumulative
a. Total cash sales price for assets sold/transferred outside the ordinary
course of business $0 $0
b. Total payments to third parties incident to assets being sold/transferred
outside the ordinary course of business $0 $0
c. Net cash proceeds from assets sold/transferred outside the ordinary
course of business (a-b) $0 $0
Part 4: Income Statement (Statement of Operations) Current Month Cumulative
(Not generally applicable to Individual Debtors. See Instructions.)
a. Gross income/sales (net of returns and allowances) $0
b. Cost of goods sold (inclusive of depreciation, if applicable) $0
c. Gross profit (a-b) $0
d. Selling expenses $0
e. General and administrative expenses $-81,707
f. Other expenses $0
g. Depreciation and/or amortization (not included in 4b) $0
h. Interest $570,811
i. Taxes (local, state, and federal) $0
j. Reorganization items $5,994,512
k. Profit (loss) $-6,483,616 $-47,485,410
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 9 of 53
UST Form 11-MOR (12/01/2021) 3
Debtor's Name Office Properties Income Trust Case No. 25-90530
Part 5: Professional Fees and Expenses
Approved
Current Month
Approved
Cumulative
Paid Current
Month
Paid
Cumulative
a. Debtor's professional fees & expenses (bankruptcy) Aggregate Total $2,284,923 $7,055,379 $2,284,923 $7,055,379
Itemized Breakdown by Firm
Firm Name Role
i Latham & Watkins LLP Lead Counsel $1,828,977 $4,441,594 $1,828,977 $4,441,594
ii Hunton Andrews Kurth LLP Local Counsel $263,254 $538,047 $263,254 $538,047
iii AP Services, LLC Financial Professional $0 $1,662,421 $0 $1,662,421
iv Quinn Emanuel Urquhart & Su Special Counsel $0 $220,625 $0 $220,625
v Moelis & Company LLC Financial Professional $192,692 $192,692 $192,692 $192,692
vi
vii
viii
ix
x
xi
xii
xiii
xiv
xv
xvi
xvii
xviii
xix
xx
xxi
xxii
xxiii
xxiv
xxv
xxvi
xxvii
xxviii
xxix
xxx
xxxi
xxxii
xxxiii
xxxiv
xxxv
xxxvi
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 10 of 53
UST Form 11-MOR (12/01/2021) 4
Debtor's Name Office Properties Income Trust Case No. 25-90530
xxxvii
xxxvii
xxxix
xl
xli
xlii
xliii
xliv
xlv
xlvi
xlvii
xlviii
xlix
l
li
lii
liii
liv
lv
lvi
lvii
lviii
lix
lx
lxi
lxii
lxiii
lxiv
lxv
lxvi
lxvii
lxviii
lxix
lxx
lxxi
lxxii
lxxiii
lxxiv
lxxv
lxxvi
lxxvii
lxxviii
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 11 of 53
UST Form 11-MOR (12/01/2021) 5
Debtor's Name Office Properties Income Trust Case No. 25-90530
lxxix
lxxx
lxxxi
lxxxii
lxxxiii
lxxxiv
lxxxv
lxxxvi
lxxxvi
lxxxvi
lxxxix
xc
xci
xcii
xciii
xciv
xcv
xcvi
xcvii
xcviii
xcix
c
ci
Approved
Current Month
Approved
Cumulative
Paid Current
Month
Paid
Cumulative
b. Debtor's professional fees & expenses (nonbankruptcy) Aggregate Total $206,339 $213,652 $206,339 $213,652
Itemized Breakdown by Firm
Firm Name Role
i Benesch Friedlander Coplan & ASpecial Counsel $463 $463 $463 $463
ii Broadspire Services Inc Other $84 $84 $84 $84
iii Cox, Castle & Nicholson LLP Special Counsel $0 $6,510 $0 $6,510
iv Deloitte & Touche LLP Other $195,468 $195,468 $195,468 $195,468
v Fairfield and Woods PC Special Counsel $345 $345 $345 $345
vi Goulston & Storrs PC Special Counsel $556 $556 $556 $556
vii Klehr Harrison Harvey BranzbuSpecial Counsel $8,620 $8,620 $8,620 $8,620
viii Ryan, LLC Other $803 $1,606 $803 $1,606
ix
x
xi
xii
xiii
xiv
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 12 of 53
UST Form 11-MOR (12/01/2021) 6
Debtor's Name Office Properties Income Trust Case No. 25-90530
xv
xvi
xvii
xviii
xix
xx
xxi
xxii
xxiii
xxiv
xxv
xxvi
xxvii
xxviii
xxix
xxx
xxxi
xxxii
xxxiii
xxxiv
xxxv
xxxvi
xxxvii
xxxvii
xxxix
xl
xli
xlii
xliii
xliv
xlv
xlvi
xlvii
xlviii
xlix
l
li
lii
liii
liv
lv
lvi
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 13 of 53
UST Form 11-MOR (12/01/2021) 7
Debtor's Name Office Properties Income Trust Case No. 25-90530
lvii
lviii
lix
lx
lxi
lxii
lxiii
lxiv
lxv
lxvi
lxvii
lxviii
lxix
lxx
lxxi
lxxii
lxxiii
lxxiv
lxxv
lxxvi
lxxvii
lxxviii
lxxix
lxxx
lxxxi
lxxxii
lxxxiii
lxxxiv
lxxxv
lxxxvi
lxxxvi
lxxxvi
lxxxix
xc
xci
xcii
xciii
xciv
xcv
xcvi
xcvii
xcviii
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 14 of 53
UST Form 11-MOR (12/01/2021) 8
Debtor's Name Office Properties Income Trust Case No. 25-90530
xcix
c
c. All professional fees and expenses (debtor & committees) $2,491,261 $7,269,030 $2,491,261 $7,269,030
Part 6: Postpetition Taxes Current Month Cumulative
a. Postpetition income taxes accrued (local, state, and federal) $0 $0
b. Postpetition income taxes paid (local, state, and federal) $0 $0
c. Postpetition employer payroll taxes accrued $0 $0
d. Postpetition employer payroll taxes paid $0 $0
e. Postpetition property taxes paid $0 $0
f. Postpetition other taxes accrued (local, state, and federal) $0 $0
g. Postpetition other taxes paid (local, state, and federal) $0 $0
Part 7: Questionnaire - During this reporting period:
a. Were any payments made on prepetition debt? (if yes, see Instructions) Yes No
b. Were any payments made outside the ordinary course of business Yes No
without court approval? (if yes, see Instructions)
c. Were any payments made to or on behalf of insiders? Yes No
d. Are you current on postpetition tax return filings? Yes No
e. Are you current on postpetition estimated tax payments? Yes No
f. Were all trust fund taxes remitted on a current basis? Yes No
g. Was there any postpetition borrowing, other than trade credit? Yes No
(if yes, see Instructions)
h. Were all payments made to or on behalf of professionals approved by
the court?
Yes No N/A
i. Do you have: Worker's compensation insurance? Yes No
If yes, are your premiums current? Yes No N/A (if no, see Instructions)
Casualty/property insurance? Yes No
If yes, are your premiums current? Yes No N/A (if no, see Instructions)
General liability insurance? Yes No
If yes, are your premiums current? Yes No N/A (if no, see Instructions)
j. Has a plan of reorganization been filed with the court? Yes No
k. Has a disclosure statement been filed with the court? Yes No
l. Are you current with quarterly U.S. Trustee fees as
set forth under 28 U.S.C. § 1930?
Yes No
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 15 of 53
UST Form 11-MOR (12/01/2021) 9
Debtor's Name Office Properties Income Trust Case No. 25-90530
Part 8: Individual Chapter 11 Debtors (Only)
a. Gross income (receipts) from salary and wages $0
b. Gross income (receipts) from self-employment $0
c. Gross income from all other sources $0
d. Total income in the reporting period (a+b+c) $0
e. Payroll deductions $0
f. Self-employment related expenses $0
g. Living expenses $0
h. All other expenses $0
i. Total expenses in the reporting period (e+f+g+h) $0
j. Difference between total income and total expenses (d-i) $0
k. List the total amount of all postpetition debts that are past due $0
l. Are you required to pay any Domestic Support Obligations as defined by 11
U.S.C § 101(14A)?
Yes No
m. If yes, have you made all Domestic Support Obligation payments? Yes No N/A
Privacy Act Statement
28 U.S.C. § 589b authorizes the collection of this information, and provision of this information is mandatory under 11 U.S.C.
§§ 704, 1106, and 1107. The United States Trustee will use this information to calculate statutory fee assessments under 28
U.S.C. § 1930(a)(6). The United States Trustee will also use this information to evaluate a chapter 11 debtor's progress through
the bankruptcy system, including the likelihood of a plan of reorganization being confirmed and whether the case is being
prosecuted in good faith. This information may be disclosed to a bankruptcy trustee or examiner when the information is
needed to perform the trustee's or examiner's duties or to the appropriate federal, state, local, regulatory, tribal, or foreign law
enforcement agency when the information indicates a violation or potential violation of law. Other disclosures may be made
for routine purposes. For a discussion of the types of routine disclosures that may be made, you may consult the Executive
Office for United States Trustee's systems of records notice, UST-001, "Bankruptcy Case Files and Associated Records." See 71
Fed. Reg. 59,818 et seq. (Oct. 11, 2006). A copy of the notice may be obtained at the following link: http://www.justice.gov/ust/
eo/rules_regulations/index.htm. Failure to provide this information could result in the dismissal or conversion of your
bankruptcy case or other action by the United States Trustee. 11 U.S.C. § 1112(b)(4)(F).
I declare under penalty of perjury that the foregoing Monthly Operating Report and its supporting
documentation are true and correct and that I have been authorized to sign this report on behalf of the estate.
/s/ John R. Castellano
Signature of Responsible Party
Chief Restructuring Officer
Printed Name of Responsible Party
03/31/2026
Title Date
John R. Castellano
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 16 of 53
UST Form 11-MOR (12/01/2021) 10
Debtor's Name Office Properties Income Trust Case No. 25-90530
PageOnePartOne
PageOnePartTwo
PageTwoPartOne
PageTwoPartTwo
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 17 of 53
UST Form 11-MOR (12/01/2021) 11
Debtor's Name Office Properties Income Trust Case No. 25-90530
Bankruptcy51to100
NonBankruptcy1to50
NonBankruptcy51to100
Bankruptcy1to50
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 18 of 53
UST Form 11-MOR (12/01/2021) 12
Debtor's Name Office Properties Income Trust Case No. 25-90530
PageFour
PageThree
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 19 of 53
United States Bankruptcy Court
Southern District of Texas Houston Division
In re: Case No. 25-90530 (CML)
Office Properties Income Trust, et al. Reporting Period: February 1, 2026 through February 28, 2026
Debtors
Support Documentation to MOR - 1
Cash Receipts and Disbursements by Legal Entity
For the period 2/1/2026 through 2/28/2026
Office Properties
Income Trust
Government
Properties Income
Trust LLC
112 Ave Miami LLC 20 Mass Ave TRS Inc. 3400 Plano TX LLC 440 First Street LLC ACP East LLC Bayside Pkwy
Fremont 2 LLC
Burt Street Omaha
LLC Clay Holdco LLC
Case No. 25-90530 Case No. 25-90536 Case No. 25-90551 Case No. 25-90565 Case No. 25-90555 Case No. 25-90570 Case No. 25-90573 Case No. 25-90532 Case No. 25-90556 Case No. 25-90576
Rent and Other Receipts 128,468 757,636 495,258 2,639,009 136,693 540,139 73,503 58,762 200,237 -
Operating Disbursements
Payroll & Benefits - (49,849) (23,253) - (11,192) (85,157) (14,463) (16,561) (10,664) -
Property and Other Taxes - - (15,279) - - - - - - -
Property Management Fees - (17,945) (24,249) - (8,202) (39,877) (3,090) (2,934) (9,376) -
Business Management Fee - (130,636) (12,261) - (13,493) (37,816) (3,730) (6,275) (7,780) -
Insurance - - - - - - - - - -
Utilities - (57,943) (1,952) - (30) (53,460) (13,509) (47) (25) -
Maintenance & Other Expenses (35) (154,979) (36,798) - (458) (106,002) (2,958) (5,375) (12,295) -
Corporate G&A - (17,889) (1,726) - (1,899) (5,323) (525) (883) (1,095) -
Total Operating Disbursements (35) (429,241) (115,518) - (35,274) (327,635) (38,275) (32,074) (41,234) -
Total Capex - - - - - (12,278) - - - -
Total Hotel Disbursements - - - (1,533,370) - - - - - -
Net Cash Flow From Operations 128,433 328,395 379,740 1,105,639 101,419 200,226 35,228 26,688 159,003 -
Non-Operating Disbursements
Debt Service (115,934) - - - - - - - - -
Professional Fees (5,493,289) - - - - - - - - -
Utility Deposits - - - - - - - - - -
First Day Motions - Taxes - - - - - - - - - -
First Day Motions - Vendors - (10,805) (1,812) - - (106) (174) (531) - -
First Day Motions - Return of Tenant Deposits - - - - - - - - - -
Total Non-Operating Disbursements (5,609,223) (10,805) (1,812) - - (106) (174) (531) - -
Asset Sales - - - - - - - - - -
Net Cash Flow (5,480,790) 317,590 377,928 1,105,639 101,419 200,120 35,054 26,157 159,003 -
DIP Proceeds 64,324,983 - - - - - - - - -
Net Cash Flow After Financing 58,844,193 317,590 377,928 1,105,639 101,419 200,120 35,054 26,157 159,003 -
Beg. Cash Balance 29,939,414 8,937,526 - 953,736 - 2,444,708 - - - -
(+/-) Net Cash Flow After Financing 58,844,193 317,590 377,928 1,105,639 101,419 200,120 35,054 26,157 159,003 -
MOR Part 1 d. Cash Balance $ 88,783,608 $ 9,255,117 $ 377,928 $ 2,059,376 $ 101,419 $ 2,644,828 $ 35,054 $ 26,157 $ 159,003 $ -
(+/-) Net Cash Flow from/to CMBS (665,278) - - - - - - - - -
(+/-) Sonesta Controlled Accounts Net Activity - - - (1,104,615) - - - - - -
(+/-) Professional Fee Reserve Net Activity 10,796,722 - - - - - - - - -
(+/-) Utility Disbursement Reserve Net Activity - - - - - - - - - -
(+/-) Intercompany Transactions, net and Cash In Transit (15,629,890) (640,801) (377,928) - (101,419) 58,507 (35,054) (26,157) (159,003) -
Cash Balance End of Period, Book $ 83,285,161 $ 8,614,316 $ - $ 954,761 $ - $ 2,703,335 $ - $ - $ - $ -
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 20 of 53
United States Bankruptcy Court
Southern District of Texas Houston Division
In re:
Office Properties Income Trust, et al.
Debtors
Support Documentation to MOR - 1
Cash Receipts and Disbursements by Legal Entity
For the period 2/1/2026 through 2/28/2026
Rent and Other Receipts
Operating Disbursements
Payroll & Benefits
Property and Other Taxes
Property Management Fees
Business Management Fee
Insurance
Utilities
Maintenance & Other Expenses
Corporate G&A
Total Operating Disbursements
Total Capex
Total Hotel Disbursements
Net Cash Flow From Operations
Non-Operating Disbursements
Debt Service
Professional Fees
Utility Deposits
First Day Motions - Taxes
First Day Motions - Vendors
First Day Motions - Return of Tenant Deposits
Total Non-Operating Disbursements
Asset Sales
Net Cash Flow
DIP Proceeds
Net Cash Flow After Financing
Beg. Cash Balance
(+/-) Net Cash Flow After Financing
MOR Part 1 d. Cash Balance
(+/-) Net Cash Flow from/to CMBS
(+/-) Sonesta Controlled Accounts Net Activity
(+/-) Professional Fee Reserve Net Activity
(+/-) Utility Disbursement Reserve Net Activity
(+/-) Intercompany Transactions, net and Cash In Transit
Cash Balance End of Period, Book
Case No. 25-90530 (CML)
Reporting Period: February 1, 2026 through February 28, 2026
Clay Road Houston
LLC CRI SIR LLC Elliott Ave Seattle LLC Ewing Holdco LLC First Potomac DC
Holdings, LLC
FP 11 Dupont Circle,
LLC
FP 1211 Connecticut
Avenue, LLC FP 1401 K, LLC FP 1775 Wiehle
Avenue, LLC FP 540 Gaither, LLC
Case No. 25-90557 Case No. 25-90578 Case No. 25-90558 Case No. 25-90581 Case No. 25-90584 Case No. 25-90534 Case No. 25-90590 Case No. 25-90540 Case No. 25-90593 Case No. 25-90537
204,725 - 614,779 - - 409,630 123,781 298,551 236,633 353,535
(7,753) - (96,988) - - (64,258) (77,459) (88,731) (40,486) (39,483)
- - - - - - - - - -
(11,689) - (35,670) - - (29,566) (6,500) (20,700) (16,011) (16,444)
(13,352) - (122,136) - - (44,407) (28,108) (34,231) (17,163) (15,987)
- - - - - - - - - -
(20) - (44,504) - - (109,660) (48,410) (66,921) (29,311) (123,345)
(1,680) - (137,795) - - (71,369) (84,316) (79,357) (110,789) (63,143)
(1,880) - (17,193) - - (6,251) (3,957) (4,819) (2,416) (2,250)
(36,373) - (454,286) - - (325,512) (248,750) (294,759) (216,176) (260,652)
- - - - - (16,766) - - (19,982) (5,434)
- - - - - - - - - -
168,352 - 160,493 - - 67,352 (124,969) 3,792 475 87,449
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - (129) - - (4,923) (121) (2,297) (311) (212)
- - - - - - - - - -
- - (129) - - (4,923) (121) (2,297) (311) (212)
- - - - - - - - - -
168,352 - 160,364 - - 62,429 (125,090) 1,495 164 87,237
- - - - - - - - - -
168,352 - 160,364 - - 62,429 (125,090) 1,495 164 87,237
- - - - - - - - - -
168,352 - 160,364 - - 62,429 (125,090) 1,495 164 87,237
$ 168,352 $ - $ 160,364 $ - $ - $ 62,429 $ (125,090) $ 1,495 $ 164 $ 87,237
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
(168,352) - (160,364) - - (62,429) 125,090 (1,495) (164) (87,237)
$ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 21 of 53
United States Bankruptcy Court
Southern District of Texas Houston Division
In re:
Office Properties Income Trust, et al.
Debtors
Support Documentation to MOR - 1
Cash Receipts and Disbursements by Legal Entity
For the period 2/1/2026 through 2/28/2026
Rent and Other Receipts
Operating Disbursements
Payroll & Benefits
Property and Other Taxes
Property Management Fees
Business Management Fee
Insurance
Utilities
Maintenance & Other Expenses
Corporate G&A
Total Operating Disbursements
Total Capex
Total Hotel Disbursements
Net Cash Flow From Operations
Non-Operating Disbursements
Debt Service
Professional Fees
Utility Deposits
First Day Motions - Taxes
First Day Motions - Vendors
First Day Motions - Return of Tenant Deposits
Total Non-Operating Disbursements
Asset Sales
Net Cash Flow
DIP Proceeds
Net Cash Flow After Financing
Beg. Cash Balance
(+/-) Net Cash Flow After Financing
MOR Part 1 d. Cash Balance
(+/-) Net Cash Flow from/to CMBS
(+/-) Sonesta Controlled Accounts Net Activity
(+/-) Professional Fee Reserve Net Activity
(+/-) Utility Disbursement Reserve Net Activity
(+/-) Intercompany Transactions, net and Cash In Transit
Cash Balance End of Period, Book
Case No. 25-90530 (CML)
Reporting Period: February 1, 2026 through February 28, 2026
FP 6310 Hillside
Center, LLC
FP 6315 Hillside
Center, LLC
FP 840 First Street,
LLC
FP Atlantic Corporate
Park, LLC
FP Patuxent Parkway,
LLC
FP Redland
Technology Center
LLC
FP Sterling Park Land,
LLC GOV Lake Fairfax Inc. GOV Lakewood
Properties Trust GOV NEW OPPTY LP
Case No. 25-90594 Case No. 25-90543 Case No. 25-90587 Case No. 25-90531 Case No. 25-90546 Case No. 25-90533 Case No. 25-90596 Case No. 25-90599 Case No. 25-90560 Case No. 25-90564
104,680 15,148 192,736 492,028 197,886 1,040,633 - - - -
(18,162) (14,397) (83,858) (80,470) (54,580) (85,698) - (23,061) (28,957) -
- - - - 107,957 - - - - -
(6,215) (1,001) (11,200) (32,574) (11,636) (66,806) - - - -
(2,274) (2,421) (59,758) (21,966) (13,177) (43,657) (507) (32,396) (12,166) -
- - - - - - - - - -
(17,540) (8,203) (119,918) (45,436) (7,649) (281,273) - (62,873) (4,892) -
(18,931) (3,590) (58,165) (204,794) (68,344) (139,318) - (21,590) (15,568) -
(320) (341) (8,412) (3,092) (1,855) (6,145) (71) (4,560) (1,713) -
(63,443) (29,953) (341,311) (388,332) (49,284) (622,897) (578) (144,480) (63,295) -
- - - (5,424) - - - (463) (345) -
- - - - - - - - - -
41,238 (14,805) (148,575) 98,272 148,602 417,737 (578) (144,943) (63,640) -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
(101) (54) (116) (8,415) (8,579) (292) - (1,443) (54) -
- - - - - - - - - -
(101) (54) (116) (8,415) (8,579) (292) - (1,443) (54) -
- - - - - - - - - -
41,136 (14,859) (148,691) 89,857 140,023 417,445 (578) (146,385) (63,695) -
- - - - - - - - - -
41,136 (14,859) (148,691) 89,857 140,023 417,445 (578) (146,385) (63,695) -
- - - - - - - - - -
41,136 (14,859) (148,691) 89,857 140,023 417,445 (578) (146,385) (63,695) -
$ 41,136 $ (14,859) $ (148,691) $ 89,857 $ 140,023 $ 417,445 $ (578) $ (146,385) $ (63,695) $ -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
(41,136) 14,859 148,691 (89,857) (140,023) (417,445) 578 146,385 63,695 -
$ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 22 of 53
United States Bankruptcy Court
Southern District of Texas Houston Division
In re:
Office Properties Income Trust, et al.
Debtors
Support Documentation to MOR - 1
Cash Receipts and Disbursements by Legal Entity
For the period 2/1/2026 through 2/28/2026
Rent and Other Receipts
Operating Disbursements
Payroll & Benefits
Property and Other Taxes
Property Management Fees
Business Management Fee
Insurance
Utilities
Maintenance & Other Expenses
Corporate G&A
Total Operating Disbursements
Total Capex
Total Hotel Disbursements
Net Cash Flow From Operations
Non-Operating Disbursements
Debt Service
Professional Fees
Utility Deposits
First Day Motions - Taxes
First Day Motions - Vendors
First Day Motions - Return of Tenant Deposits
Total Non-Operating Disbursements
Asset Sales
Net Cash Flow
DIP Proceeds
Net Cash Flow After Financing
Beg. Cash Balance
(+/-) Net Cash Flow After Financing
MOR Part 1 d. Cash Balance
(+/-) Net Cash Flow from/to CMBS
(+/-) Sonesta Controlled Accounts Net Activity
(+/-) Professional Fee Reserve Net Activity
(+/-) Utility Disbursement Reserve Net Activity
(+/-) Intercompany Transactions, net and Cash In Transit
Cash Balance End of Period, Book
Case No. 25-90530 (CML)
Reporting Period: February 1, 2026 through February 28, 2026
GOV NEW OPPTY LP
REIT
GOV NEW OPPTY
REIT GPT Properties LLC GPT Properties Trust Grand Oak Circle
Tampa LLC
Jan Davis Huntsville
LLC OPI 25 Exchange LLC OPI AL Properties LLC OPI BND Holdings
Trust
OPI BND Properties
LLC
Case No. 25-90562 Case No. 25-90567 Case No. 25-90538 Case No. 25-90541 Case No. 25-90544 Case No. 25-90552 Case No. 25-90547 Case No. 25-90569 Case No. 25-90572 Case No. 25-90574
- - 21,650 1,413,859 170,216 81,376 710,378 273,832 - 3,584,440
- - (16,183) (172,007) (25,263) (9,935) (105,868) (39,322) - (344,337)
- - - 208,713 - - - - - (6,968)
- - (3,263) (93,655) (18,320) (5,465) (40,566) (16,583) - (229,301)
- - (4,745) (73,204) (6,236) (4,112) (41,252) (11,590) - (158,645)
- - - - - - (42) - - -
- - (891) (186,811) (15,206) (27) (239,742) (27,538) - (177,732)
- - (4,413) (295,796) (27,702) (323) (121,900) (31,016) - (462,508)
- - (668) (18,610) (878) (579) (44,375) (1,631) - (39,814)
- - (30,163) (631,370) (93,606) (20,440) (593,745) (127,680) - (1,419,305)
- - - 39,346 (7,945) - - - - (967,881)
- - - - - - - - - -
- - (8,513) 821,835 68,665 60,936 116,633 146,152 - 1,197,254
- - - - - - - - - -
- - - - - - (8,779,916) - - (1,398,630)
- - - - - - - - - -
- - - - - - - - - -
- - (106) (2,067) (429) - (381) (65) - (39,995)
- - - - - - - - - -
- - (106) (2,067) (429) - (8,780,296) (65) - (1,438,626)
- - - - - - - - - -
- - (8,620) 819,768 68,236 60,936 (8,663,664) 146,087 - (241,371)
- - - - - - - - - -
- - (8,620) 819,768 68,236 60,936 (8,663,664) 146,087 - (241,371)
- - - - - - 472 - - 5,982,587
- - (8,620) 819,768 68,236 60,936 (8,663,664) 146,087 - (241,371)
$ - $ - $ (8,620) $ 819,768 $ 68,236 $ 60,936 $ (8,663,192) $ 146,087 $ - $ 5,741,215
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - 8,620 (819,768) (68,236) (60,936) 8,675,901 (146,087) - 2,116,647
$ - $ - $ - $ - $ - $ - $ 12,709 $ - $ - $ 7,857,863
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 23 of 53
United States Bankruptcy Court
Southern District of Texas Houston Division
In re:
Office Properties Income Trust, et al.
Debtors
Support Documentation to MOR - 1
Cash Receipts and Disbursements by Legal Entity
For the period 2/1/2026 through 2/28/2026
Rent and Other Receipts
Operating Disbursements
Payroll & Benefits
Property and Other Taxes
Property Management Fees
Business Management Fee
Insurance
Utilities
Maintenance & Other Expenses
Corporate G&A
Total Operating Disbursements
Total Capex
Total Hotel Disbursements
Net Cash Flow From Operations
Non-Operating Disbursements
Debt Service
Professional Fees
Utility Deposits
First Day Motions - Taxes
First Day Motions - Vendors
First Day Motions - Return of Tenant Deposits
Total Non-Operating Disbursements
Asset Sales
Net Cash Flow
DIP Proceeds
Net Cash Flow After Financing
Beg. Cash Balance
(+/-) Net Cash Flow After Financing
MOR Part 1 d. Cash Balance
(+/-) Net Cash Flow from/to CMBS
(+/-) Sonesta Controlled Accounts Net Activity
(+/-) Professional Fee Reserve Net Activity
(+/-) Utility Disbursement Reserve Net Activity
(+/-) Intercompany Transactions, net and Cash In Transit
Cash Balance End of Period, Book
Case No. 25-90530 (CML)
Reporting Period: February 1, 2026 through February 28, 2026
OPI Notex Holdings
Trust
OPI Notex Properties
LLC OPI TRS Inc. OPI WF Borrower LLC OPI WF Holding LLC OPI WF Owner LLC Primerica Holdco LLC Santa Clara (Walsh)
LLC SC Merger Sub LLC Schrock Road
Columbus LLC
Case No. 25-90554 Case No. 25-90550 Case No. 25-90529 Case No. 25-90577 Case No. 25-90580 Case No. 25-90583 Case No. 25-90586 Case No. 25-90589 Case No. 25-90591 Case No. 25-90553
- 3,658,186 - - - 8,607,321 - 228,803 - 41,286
- (438,548) - - - (583,011) - (13,478) - (11,872)
- (11,879) - - - - - - - -
- (223,530) - - - (454,251) - (13,491) - (2,488)
- (199,684) - - - (433,757) - (12,162) - (2,824)
- - - - - (42) - - - -
- (452,084) - - - (541,473) - (32) - (32)
- (717,928) (20,970) - - (1,625,845) - (2,114) - (1,175)
- (89,626) - - - (61,058) - (1,712) - (398)
- (2,133,279) (20,970) - - (3,699,438) - (42,989) - (18,788)
- (29,757) - - - (257,424) - - - -
- - - - - - - - - -
- 1,495,151 (20,970) - - 4,650,459 - 185,813 - 22,498
- - - - - (3,338,870) - - - -
- (6,330,774) - - - (1,607,456) - - - -
- - - - - - - - - -
- - - - - - - - - -
- (2,584,480) - - - (25,767) - - - -
- - - - - (300) - - - -
- (8,915,254) - - - (4,972,393) - - - -
- - - - - - - - - -
- (7,420,103) (20,970) - - (321,934) - 185,813 - 22,498
- - - - - - - - - -
- (7,420,103) (20,970) - - (321,934) - 185,813 - 22,498
- 719,138 - - - 12,227,053 - - - -
- (7,420,103) (20,970) - - (321,934) - 185,813 - 22,498
$ - $ (6,700,965) $ (20,970) $ - $ - $ 11,905,119 $ - $ 185,813 $ - $ 22,498
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- 6,701,037 20,970 - - 882,888 - (185,813) - (22,498)
$ - $ 72 $ - $ - $ - $ 12,788,006 $ - $ - $ - $ -
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 24 of 53
United States Bankruptcy Court
Southern District of Texas Houston Division
In re:
Office Properties Income Trust, et al.
Debtors
Support Documentation to MOR - 1
Cash Receipts and Disbursements by Legal Entity
For the period 2/1/2026 through 2/28/2026
Rent and Other Receipts
Operating Disbursements
Payroll & Benefits
Property and Other Taxes
Property Management Fees
Business Management Fee
Insurance
Utilities
Maintenance & Other Expenses
Corporate G&A
Total Operating Disbursements
Total Capex
Total Hotel Disbursements
Net Cash Flow From Operations
Non-Operating Disbursements
Debt Service
Professional Fees
Utility Deposits
First Day Motions - Taxes
First Day Motions - Vendors
First Day Motions - Return of Tenant Deposits
Total Non-Operating Disbursements
Asset Sales
Net Cash Flow
DIP Proceeds
Net Cash Flow After Financing
Beg. Cash Balance
(+/-) Net Cash Flow After Financing
MOR Part 1 d. Cash Balance
(+/-) Net Cash Flow from/to CMBS
(+/-) Sonesta Controlled Accounts Net Activity
(+/-) Professional Fee Reserve Net Activity
(+/-) Utility Disbursement Reserve Net Activity
(+/-) Intercompany Transactions, net and Cash In Transit
Cash Balance End of Period, Book
Case No. 25-90530 (CML)
Reporting Period: February 1, 2026 through February 28, 2026
SIR Campbell Place
Inc. SIR Centennial LLC SIR Colorado Springs
LLC SIR Fort Mill LLC SIR GP Redwood City
LLC
SIR Holdings
Corporation
SIR Irving (Freeport)
LLC SIR Johnston LLC SIR Omaha LLC SIR Operating
Partnership LP
Case No. 25-90535 Case No. 25-90595 Case No. 25-90598 Case No. 25-90559 Case No. 25-90561 Case No. 25-90563 Case No. 25-90539 Case No. 25-90566 Case No. 25-90568 Case No. 25-90571
- 11,354 7,480 79,403 - - - 280,071 37,239 -
(17,858) (37,008) - (10,916) - - (9,327) (11,256) (15,823) -
- - - - - - - - - -
(6,117) (9,700) (0) (4,420) - - - (16,724) 1,223 -
(8,561) (17,539) - (4,248) - - (41,086) (17,793) (19,277) -
- - - - - - - - - -
(1,135) (25,147) - (31) - - (16,114) (30) (17,702) -
(22,727) (31,407) - (1,926) - - (16,987) (430) (31,888) -
(1,205) (2,469) - (598) - - (5,783) (2,505) (2,713) -
(57,603) (123,269) (0) (22,139) - - (89,296) (48,739) (86,180) -
- (154,805) - - - - - - - -
- - - - - - - - - -
(57,603) (266,721) 7,480 57,264 - - (89,296) 231,332 (48,941) -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- (458,134) - - - - - - - -
(116) (9,681) - - - - (66) - (1,960) -
- - - - - - - - - -
(116) (467,815) - - - - (66) - (1,960) -
- - - - - - - - - -
(57,719) (734,536) 7,480 57,264 - - (89,362) 231,332 (50,901) -
- - - - - - - - - -
(57,719) (734,536) 7,480 57,264 - - (89,362) 231,332 (50,901) -
- - 16,786,036 - - - - - - -
(57,719) (734,536) 7,480 57,264 - - (89,362) 231,332 (50,901) -
$ (57,719) $ (734,536) $ 16,793,517 $ 57,264 $ - $ - $ (89,362) $ 231,332 $ (50,901) $ -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
57,719 734,536 (5,392,129) (57,264) - - 89,362 (231,332) 50,901 -
$ - $ - $ 11,401,387 $ - $ - $ - $ - $ - $ - $ -
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 25 of 53
United States Bankruptcy Court
Southern District of Texas Houston Division
In re:
Office Properties Income Trust, et al.
Debtors
Support Documentation to MOR - 1
Cash Receipts and Disbursements by Legal Entity
For the period 2/1/2026 through 2/28/2026
Rent and Other Receipts
Operating Disbursements
Payroll & Benefits
Property and Other Taxes
Property Management Fees
Business Management Fee
Insurance
Utilities
Maintenance & Other Expenses
Corporate G&A
Total Operating Disbursements
Total Capex
Total Hotel Disbursements
Net Cash Flow From Operations
Non-Operating Disbursements
Debt Service
Professional Fees
Utility Deposits
First Day Motions - Taxes
First Day Motions - Vendors
First Day Motions - Return of Tenant Deposits
Total Non-Operating Disbursements
Asset Sales
Net Cash Flow
DIP Proceeds
Net Cash Flow After Financing
Beg. Cash Balance
(+/-) Net Cash Flow After Financing
MOR Part 1 d. Cash Balance
(+/-) Net Cash Flow from/to CMBS
(+/-) Sonesta Controlled Accounts Net Activity
(+/-) Professional Fee Reserve Net Activity
(+/-) Utility Disbursement Reserve Net Activity
(+/-) Intercompany Transactions, net and Cash In Transit
Cash Balance End of Period, Book
Case No. 25-90530 (CML)
Reporting Period: February 1, 2026 through February 28, 2026
SIR Parsippany
(Jefferson) LLC SIR Philadelphia LLC SIR Properties REIT
LLC SIR Properties Trust SIR Redwood City LP SIR REIT New
Braunfels LLC SIR REIT Plano LLC SIR Rocklin (Office)
LLC SIR San Jose LLC SIR Santa Clara LP
Case No. 25-90542 Case No. 25-90549 Case No. 25-90575 Case No. 25-90579 Case No. 25-90582 Case No. 25-90545 Case No. 25-90585 Case No. 25-90588 Case No. 25-90548 Case No. 25-90592
- - 515,179 349,471 - 329,411 342,159 - - -
(28,717) (8,609) (155,169) (54,964) (13,634) (23,970) (38,986) - (9,713) -
- - 100 (7,379) - - (5,250) - - -
- - (110,916) (27,995) (26,806) (13,190) (67,430) - (19,563) -
(16,100) (36,460) (40,582) (26,754) (16,155) (7,151) (11,451) - (16,013) -
- - - - - - - - - -
(20,387) (154,004) (71,267) (21,669) (601) 4,653 (117) - (77) -
(25,657) (88,989) (176,202) (48,257) (20,489) (49,119) (64,290) - (11,496) -
(2,266) (5,132) (5,713) (3,766) (2,274) (1,007) (1,612) - (2,254) -
(93,128) (293,194) (559,749) (190,784) (79,959) (89,784) (189,135) - (59,117) -
- (8,620) (438,906) (8,447) (6,850) - (971,704) - - -
- - - - - - - - - -
(93,128) (301,814) (483,476) 150,240 (86,809) 239,627 (818,680) - (59,117) -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
(1,264) (34,062) (13,128) (7,796) - (47) (4,695,741) - (80) -
- - - - - - - - - -
(1,264) (34,062) (13,128) (7,796) - (47) (4,695,741) - (80) -
- - - - - - - - - -
(94,391) (335,875) (496,604) 142,444 (86,809) 239,579 (5,514,421) - (59,196) -
- - - - - - - - - -
(94,391) (335,875) (496,604) 142,444 (86,809) 239,579 (5,514,421) - (59,196) -
- - - - - - - - - -
(94,391) (335,875) (496,604) 142,444 (86,809) 239,579 (5,514,421) - (59,196) -
$ (94,391) $ (335,875) $ (496,604) $ 142,444 $ (86,809) $ 239,579 $ (5,514,421) $ - $ (59,196) $ -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
94,391 335,875 496,604 (142,444) 86,809 (239,579) 5,514,421 - 59,196 -
$ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 26 of 53
United States Bankruptcy Court
Southern District of Texas Houston Division
In re:
Office Properties Income Trust, et al.
Debtors
Support Documentation to MOR - 1
Cash Receipts and Disbursements by Legal Entity
For the period 2/1/2026 through 2/28/2026
Rent and Other Receipts
Operating Disbursements
Payroll & Benefits
Property and Other Taxes
Property Management Fees
Business Management Fee
Insurance
Utilities
Maintenance & Other Expenses
Corporate G&A
Total Operating Disbursements
Total Capex
Total Hotel Disbursements
Net Cash Flow From Operations
Non-Operating Disbursements
Debt Service
Professional Fees
Utility Deposits
First Day Motions - Taxes
First Day Motions - Vendors
First Day Motions - Return of Tenant Deposits
Total Non-Operating Disbursements
Asset Sales
Net Cash Flow
DIP Proceeds
Net Cash Flow After Financing
Beg. Cash Balance
(+/-) Net Cash Flow After Financing
MOR Part 1 d. Cash Balance
(+/-) Net Cash Flow from/to CMBS
(+/-) Sonesta Controlled Accounts Net Activity
(+/-) Professional Fee Reserve Net Activity
(+/-) Utility Disbursement Reserve Net Activity
(+/-) Intercompany Transactions, net and Cash In Transit
Cash Balance End of Period, Book
Case No. 25-90530 (CML)
Reporting Period: February 1, 2026 through February 28, 2026
SIR Westford LLC Twelve24 Atlanta LLC West Java Sunnyvale
LLC
Case No. 25-90597 Case No. 25-90600 Case No. 25-90601
- 1,521,465 385,518
- (67,059) (8,615)
- - -
(0) (76,898) (22,893)
- (77,097) (12,612)
- - -
- (74,178) (754)
- (228,911) (3,424)
- (10,853) (1,775)
(0) (534,995) (50,073)
- - -
- - -
(0) 986,470 335,445
- - -
- - -
- - -
- - -
- (7,158) (72)
- - -
- (7,158) (72)
- - -
(0) 979,312 335,372
- - -
(0) 979,312 335,372
- - -
(0) 979,312 335,372
$ (0) $ 979,312 $ 335,372
- - -
- - -
- - -
- - -
0 (979,312) (335,372)
$ - $ - $ -
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 27 of 53
United States Bankruptcy Court
Southern District of Texas Houston Division
In re: Case No. 25-90530 (CML)
Office Properties Income Trust, et al. Reporting Period: February 1, 2026 through February 28, 2026
Debtors
Support Documentation to MOR - 2
Balance Sheet by Legal Entity
For the period ended 2/28/2026
Office Properties
Income Trust
Government
Properties Income
Trust LLC
112 Ave Miami LLC 20 Mass Ave TRS Inc. 3400 Plano TX LLC 440 First Street LLC ACP East LLC Bayside Pkwy
Fremont 2 LLC
Burt Street Omaha
LLC Clay Holdco LLC
Case No. 25-90530 Case No. 25-90536 Case No. 25-90551 Case No. 25-90565 Case No. 25-90555 Case No. 25-90570 Case No. 25-90573 Case No. 25-90532 Case No. 25-90556 Case No. 25-90576
Cash and cash equivalents 16,289,014 8,587,252 - 954,761 - - - - - -
Restricted cash 66,996,147 27,064 - - - 2,703,335 - - - -
Rents receivable - 427,464 1,012,698 211,605 285,210 3,763,103 116,882 2,676,756 1,913,711 -
Total Current Assets 83,285,161 9,041,780 1,012,698 1,166,365 285,210 6,466,438 116,882 2,676,756 1,913,711 -
Land - 14,589,447 4,798,130 - 4,543,015 27,903,162 2,477,233 10,783,527 2,819,172 -
Buildings and improvements - 293,504,693 5,170,147 - 16,285,485 42,226,040 5,037,689 2,125,461 10,897,668 -
Accumulated depreciation - (85,824,925) (1,403,500) - (3,279,709) (9,055,360) (1,456,061) (337,340) (1,728,551) -
Real estate properties (net) - 222,269,214 8,564,777 - 17,548,791 61,073,841 6,058,861 12,571,648 11,988,289 -
Due from related parties 25,413,247 609,487,443 11,534,669 181,198 8,688,193 27,576,864 227,377 8,026,650 465,503 -
Deferred leasing costs (net) - - - - 906,677 3,848,235 113,139 2,336,547 1,331,223 -
Acquired real estate leases - net - - 144,786 - 1,854,156 2,523,643 - 1,161,598 - -
Other assets (net) 3,485,673,339 (139,287,151) (16,769,205) 548,000 (25,291,752) (88,433,181) (8,147,502) (16,217,970) 5,326 -
Total Assets 3,594,371,747 701,511,286 4,487,725 1,895,563 3,991,275 13,055,841 (1,631,244) 10,555,229 15,704,051 -
Accounts payable and other liabilities 63,607,823 1,205,095 237,558 4,428,193 2,974 3,301,800 57,212 920,153 391,402 -
Due to related parties - 3,375,118 - - - 145,284 - - - -
Assumed real estate lease obligations (net) - - - - 956,162 - - - - -
Secured debt (net) 357,362,940 - - - - - - - - -
Liabilities subject to compromise 3,796,528,132 273,670 4,322 - 139 135,960 1,367 3,462 13,392,386 -
Total Liabilities 4,217,498,895 4,853,883 241,880 4,428,193 959,276 3,583,044 58,578 923,614 13,783,789 -
Common shares of beneficial interest 739,411 - - - - - - - - -
Additional paid in capital 2,658,470,886 - - - - - - - - -
Cumulative net income (1,812,421,648) 696,557,403 4,245,844 (2,532,629) 3,031,999 9,472,797 (1,689,822) 9,631,614 1,920,263 -
Cumulative common distributions (1,469,915,797) 100,000 - - - - - - - -
Total Shareholders' Equity (623,127,147) 696,657,403 4,245,844 (2,532,629) 3,031,999 9,472,797 (1,689,822) 9,631,614 1,920,263 -
Total Liabilities and Shareholders' Equity 3,594,371,747 701,511,286 4,487,725 1,895,563 3,991,275 13,055,841 (1,631,244) 10,555,229 15,704,051 -
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 28 of 53
United States Bankruptcy Court
Southern District of Texas Houston Division
In re:
Office Properties Income Trust, et al.
Debtors
Support Documentation to MOR - 2
Balance Sheet by Legal Entity
For the period ended 2/28/2026
Cash and cash equivalents
Restricted cash
Rents receivable
Total Current Assets
Land
Buildings and improvements
Accumulated depreciation
Real estate properties (net)
Due from related parties
Deferred leasing costs (net)
Acquired real estate leases - net
Other assets (net)
Total Assets
Accounts payable and other liabilities
Due to related parties
Assumed real estate lease obligations (net)
Secured debt (net)
Liabilities subject to compromise
Total Liabilities
Common shares of beneficial interest
Additional paid in capital
Cumulative net income
Cumulative common distributions
Total Shareholders' Equity
Total Liabilities and Shareholders' Equity
Case No. 25-90530 (CML)
Reporting Period: February 1, 2026 through February 28, 2026
Clay Road Houston
LLC CRI SIR LLC Elliott Ave Seattle LLC Ewing Holdco LLC First Potomac DC
Holdings, LLC
FP 11 Dupont Circle,
LLC
FP 1211 Connecticut
Avenue, LLC FP 1401 K, LLC FP 1775 Wiehle
Avenue, LLC FP 540 Gaither, LLC
Case No. 25-90557 Case No. 25-90578 Case No. 25-90558 Case No. 25-90581 Case No. 25-90584 Case No. 25-90534 Case No. 25-90590 Case No. 25-90540 Case No. 25-90593 Case No. 25-90537
- - - - - - - - - -
- - - - - - - - - -
664,966 - 4,220,853 - - 6,211,046 1,917,360 2,549,948 736,654 (37,849)
664,966 - 4,220,853 - - 6,211,046 1,917,360 2,549,948 736,654 (37,849)
5,494,791 - 26,639,923 - - 28,254,691 30,387,895 29,215,662 4,137,884 10,740,463
12,686,047 - 204,925,914 - - 69,276,691 28,254,580 43,179,605 32,144,579 20,789,208
(3,271,667) - (27,727,634) - - (19,713,081) (7,734,983) (13,234,868) (8,321,052) (4,869,156)
14,909,170 - 203,838,203 - - 77,818,301 50,907,492 59,160,399 27,961,410 26,660,515
11,788,214 - 1,397,364 - - 1,163,152 - 645,462 6,721,499 4,169,647
255,256 - 1,647,313 - - 3,098,314 714,836 811,737 220,975 423,180
- - - - - 801,068 506,419 863,591 627,541 282,610
(20,951,878) - (27,651,883) - - (19,159,433) (37,381,515) (40,749,571) (36,304,172) (30,804,174)
6,665,729 - 183,451,850 - - 69,932,448 16,664,593 23,281,567 (36,093) 693,929
206,890 - 524,937 - - 1,051,998 791,025 808,551 195,555 315,242
- - - - - - 102,872 - - -
- - - - - - - 436 - -
- - - - - - - - - -
51 - 207,148,216 - 5,734,868 79,763,366 25,442,897 35,763,610 16,363 34,355
206,941 - 207,673,153 - 5,734,868 80,815,364 26,336,794 36,572,597 211,918 349,598
- - - - - - - - - -
- - - - - - - - - -
6,458,788 - (24,221,303) - (5,734,868) (10,882,917) (9,672,201) (13,291,031) (248,011) 344,332
- - - - - - - - - -
6,458,788 - (24,221,303) - (5,734,868) (10,882,917) (9,672,201) (13,291,031) (248,011) 344,332
6,665,729 - 183,451,850 - - 69,932,448 16,664,593 23,281,567 (36,093) 693,929
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 29 of 53
United States Bankruptcy Court
Southern District of Texas Houston Division
In re:
Office Properties Income Trust, et al.
Debtors
Support Documentation to MOR - 2
Balance Sheet by Legal Entity
For the period ended 2/28/2026
Cash and cash equivalents
Restricted cash
Rents receivable
Total Current Assets
Land
Buildings and improvements
Accumulated depreciation
Real estate properties (net)
Due from related parties
Deferred leasing costs (net)
Acquired real estate leases - net
Other assets (net)
Total Assets
Accounts payable and other liabilities
Due to related parties
Assumed real estate lease obligations (net)
Secured debt (net)
Liabilities subject to compromise
Total Liabilities
Common shares of beneficial interest
Additional paid in capital
Cumulative net income
Cumulative common distributions
Total Shareholders' Equity
Total Liabilities and Shareholders' Equity
Case No. 25-90530 (CML)
Reporting Period: February 1, 2026 through February 28, 2026
FP 6310 Hillside
Center, LLC
FP 6315 Hillside
Center, LLC
FP 840 First Street,
LLC
FP Atlantic Corporate
Park, LLC
FP Patuxent Parkway,
LLC
FP Redland
Technology Center
LLC
FP Sterling Park Land,
LLC GOV Lake Fairfax Inc. GOV Lakewood
Properties Trust GOV NEW OPPTY LP
Case No. 25-90594 Case No. 25-90543 Case No. 25-90587 Case No. 25-90531 Case No. 25-90546 Case No. 25-90533 Case No. 25-90596 Case No. 25-90599 Case No. 25-90560 Case No. 25-90564
- - - - - - - - - -
- - - - - - - - - -
503,077 35,816 1,739,782 1,482,224 579,845 4,419,054 - 2,593 (13,184) -
503,077 35,816 1,739,782 1,482,224 579,845 4,419,054 - 2,593 (13,184) -
1,423,645 2,012,902 42,726,334 5,750,957 3,125,956 12,714,223 1,267,184 5,033,407 584,662 -
2,533,910 2,674,630 76,172,621 34,037,609 21,522,358 69,944,891 - 56,851,821 3,621,208 -
(766,326) (799,792) (16,967,960) (7,853,792) (5,120,223) (15,600,298) - (17,065,406) (215,414) -
3,191,229 3,887,741 101,930,995 31,934,774 19,528,090 67,058,816 1,267,184 44,819,822 3,990,455 -
4,362,731 2,576,658 8,976,670 20,624,237 5,163,961 39,427,401 - - 26,371,503 7,897,414
26,933 11,833 739,849 1,334,387 347,484 4,079,179 - - - -
639,714 - - - 215,823 705,443 - - - -
(5,145,669) (5,417,260) (111,222,465) (49,152,325) (26,286,645) (97,850,206) 4,751 (75,609,201) (18,767,728) (7,752,402)
3,578,014 1,094,788 2,164,832 6,223,296 (451,443) 17,839,687 1,271,935 (30,786,786) 11,581,046 145,012
52,132 39,379 465,443 405,194 483,093 2,324,729 2,668 51,808 179,174 -
- 11,966 67,760 - - - 1,124 429,352 147,634 -
222,382 - - - - - - - - -
- - - - - - - - - -
8,661 3,305 189,239 43,564 28,514 9,403 1,504,525 41,223,419 422,789 -
283,176 54,650 722,442 448,758 511,607 2,334,132 1,508,317 41,704,579 749,598 -
- - - - - - - - - -
- - - - - - - - - -
3,294,839 1,040,138 1,442,390 5,774,538 (963,050) 15,505,555 (236,382) (72,491,365) 10,831,448 145,012
- - - - - - - - - -
3,294,839 1,040,138 1,442,390 5,774,538 (963,050) 15,505,555 (236,382) (72,491,365) 10,831,448 145,012
3,578,014 1,094,788 2,164,832 6,223,296 (451,443) 17,839,687 1,271,935 (30,786,786) 11,581,046 145,012
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 30 of 53
United States Bankruptcy Court
Southern District of Texas Houston Division
In re:
Office Properties Income Trust, et al.
Debtors
Support Documentation to MOR - 2
Balance Sheet by Legal Entity
For the period ended 2/28/2026
Cash and cash equivalents
Restricted cash
Rents receivable
Total Current Assets
Land
Buildings and improvements
Accumulated depreciation
Real estate properties (net)
Due from related parties
Deferred leasing costs (net)
Acquired real estate leases - net
Other assets (net)
Total Assets
Accounts payable and other liabilities
Due to related parties
Assumed real estate lease obligations (net)
Secured debt (net)
Liabilities subject to compromise
Total Liabilities
Common shares of beneficial interest
Additional paid in capital
Cumulative net income
Cumulative common distributions
Total Shareholders' Equity
Total Liabilities and Shareholders' Equity
Case No. 25-90530 (CML)
Reporting Period: February 1, 2026 through February 28, 2026
GOV NEW OPPTY LP
REIT
GOV NEW OPPTY
REIT GPT Properties LLC GPT Properties Trust Grand Oak Circle
Tampa LLC
Jan Davis Huntsville
LLC OPI 25 Exchange LLC OPI AL Properties LLC OPI BND Holdings
Trust
OPI BND Properties
LLC
Case No. 25-90562 Case No. 25-90567 Case No. 25-90538 Case No. 25-90541 Case No. 25-90544 Case No. 25-90552 Case No. 25-90547 Case No. 25-90569 Case No. 25-90572 Case No. 25-90574
- - - - - - 12,709 - - 7,857,863
- - - - - - - - - -
- - 28,861 5,903,451 681,931 493,839 3,625,373 84,604 - 20,147,354
- - 28,861 5,903,451 681,931 493,839 3,638,082 84,604 - 28,005,217
- - 2,618,281 41,704,569 1,100,000 1,501,255 26,025,942 2,293,870 - 41,059,701
- - 9,246,016 126,467,192 13,592,998 1,491,443 45,639,870 21,883,584 - 277,579,169
- - (1,393,323) (39,871,123) (5,165,515) (284,445) (12,945,976) (7,408,620) - (84,146,158)
- - 10,470,974 128,300,638 9,527,483 2,708,254 58,719,835 16,768,834 - 234,492,712
- - 491,032 162,964,259 483,035 5,836,825 38,680,033 27,368,775 - 133,182,203
- - - 2,118,192 191,700 - 1,865,379 - - 14,316,225
- - - 4,214,416 - 1,654,780 673,068 772,658 - 3,647,236
- - (11,784,944) (120,079,615) (3,985,920) (6,864,604) (73,099,494) (27,590,382) - (284,036,921)
- - (794,077) 183,421,340 6,898,229 3,829,094 30,476,904 17,404,489 - 129,606,672
- - 42,543 1,505,304 175,376 33,789 8,673,545 84,265 - 15,889,663
- - 37,156 - - - 16,965,222 - - 7,440,880
- - - - - - - 160,307 - -
- - - - - - - - - 955,608
- - 224 254,848 16,857 7,823 129,497 32,972 - 410,786
- - 79,923 1,760,152 192,233 41,612 25,768,264 277,544 - 24,696,937
- - - - - - - - - -
- - - - - - - - - -
- - (874,000) 181,661,188 6,705,996 3,787,483 4,708,640 17,126,945 - 104,909,735
- - - - - - - - - -
- - (874,000) 181,661,188 6,705,996 3,787,483 4,708,640 17,126,945 - 104,909,735
- - (794,077) 183,421,340 6,898,229 3,829,094 30,476,904 17,404,489 - 129,606,672
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 31 of 53
United States Bankruptcy Court
Southern District of Texas Houston Division
In re:
Office Properties Income Trust, et al.
Debtors
Support Documentation to MOR - 2
Balance Sheet by Legal Entity
For the period ended 2/28/2026
Cash and cash equivalents
Restricted cash
Rents receivable
Total Current Assets
Land
Buildings and improvements
Accumulated depreciation
Real estate properties (net)
Due from related parties
Deferred leasing costs (net)
Acquired real estate leases - net
Other assets (net)
Total Assets
Accounts payable and other liabilities
Due to related parties
Assumed real estate lease obligations (net)
Secured debt (net)
Liabilities subject to compromise
Total Liabilities
Common shares of beneficial interest
Additional paid in capital
Cumulative net income
Cumulative common distributions
Total Shareholders' Equity
Total Liabilities and Shareholders' Equity
Case No. 25-90530 (CML)
Reporting Period: February 1, 2026 through February 28, 2026
OPI Notex Holdings
Trust
OPI Notex Properties
LLC OPI TRS Inc. OPI WF Borrower LLC OPI WF Holding LLC OPI WF Owner LLC Primerica Holdco LLC Santa Clara (Walsh)
LLC SC Merger Sub LLC Schrock Road
Columbus LLC
Case No. 25-90554 Case No. 25-90550 Case No. 25-90529 Case No. 25-90577 Case No. 25-90580 Case No. 25-90583 Case No. 25-90586 Case No. 25-90589 Case No. 25-90591 Case No. 25-90553
- 72 - - - - - - - -
- - - - - 12,788,006 - - - -
- 27,876,588 - - - 38,842,221 - 1,411,174 - 168,643
- 27,876,659 - - - 51,630,228 - 1,411,174 - 168,643
- 36,462,190 - - - 98,527,272 - 6,686,964 - 716,285
- 217,603,505 - - - 638,738,018 - 11,815,914 - 794,543
- (54,515,840) - - - (161,766,279) - (2,008,657) - (305,354)
- 199,549,855 - - - 575,499,011 - 16,494,221 - 1,205,474
- 120,445,440 - - - 709,183,604 - 29,183,924 - 1,794,902
- 19,947,082 - - - 14,057,710 - 1,606,938 - 353,315
- 11,936,290 - - - 52,226,264 - 766,472 - -
- (302,787,828) - - - (788,842,465) - (38,701,008) - (2,775,099)
- 76,967,498 - - - 613,754,352 - 10,761,721 - 747,234
- 33,110,892 - - - 18,837,853 - 377,729 - 67,577
- 14,211,788 36,924 - - 2,277,634 - - - -
- 116,077 - - - 6,165,766 - - - -
- - - - - 424,261,016 - - - -
- 1,363,607 271,415 - - 7,404,468 - 762 - 133
- 48,802,364 308,339 - - 458,946,737 - 378,491 - 67,710
- - - - - - - - - -
- - - - - - - - - -
- 28,165,134 (308,339) - - 154,807,616 - 10,383,230 - 679,524
- - - - - - - - - -
- 28,165,134 (308,339) - - 154,807,616 - 10,383,230 - 679,524
- 76,967,498 - - - 613,754,352 - 10,761,721 - 747,234
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 32 of 53
United States Bankruptcy Court
Southern District of Texas Houston Division
In re:
Office Properties Income Trust, et al.
Debtors
Support Documentation to MOR - 2
Balance Sheet by Legal Entity
For the period ended 2/28/2026
Cash and cash equivalents
Restricted cash
Rents receivable
Total Current Assets
Land
Buildings and improvements
Accumulated depreciation
Real estate properties (net)
Due from related parties
Deferred leasing costs (net)
Acquired real estate leases - net
Other assets (net)
Total Assets
Accounts payable and other liabilities
Due to related parties
Assumed real estate lease obligations (net)
Secured debt (net)
Liabilities subject to compromise
Total Liabilities
Common shares of beneficial interest
Additional paid in capital
Cumulative net income
Cumulative common distributions
Total Shareholders' Equity
Total Liabilities and Shareholders' Equity
Case No. 25-90530 (CML)
Reporting Period: February 1, 2026 through February 28, 2026
SIR Campbell Place
Inc. SIR Centennial LLC SIR Colorado Springs
LLC SIR Fort Mill LLC SIR GP Redwood City
LLC
SIR Holdings
Corporation
SIR Irving (Freeport)
LLC SIR Johnston LLC SIR Omaha LLC SIR Operating
Partnership LP
Case No. 25-90535 Case No. 25-90595 Case No. 25-90598 Case No. 25-90559 Case No. 25-90561 Case No. 25-90563 Case No. 25-90539 Case No. 25-90566 Case No. 25-90568 Case No. 25-90571
- - 619,992 - - - - - - -
- - 10,781,395 - - - - - - -
752,114 633,570 - 89,604 - - 204,453 67,279 734,201 -
752,114 633,570 11,401,387 89,604 - - 204,453 67,279 734,201 -
2,687,482 6,682,058 - 834,031 - - 12,970,268 2,649,274 4,157,250 -
3,409,718 10,710,337 - 3,034,769 - - 32,417,689 7,996,883 8,686,400 -
(1,184,719) (2,173,969) - (630,753) - - (6,270,429) (1,588,560) (1,308,038) -
4,912,481 15,218,427 - 3,238,047 - - 39,117,528 9,057,597 11,535,611 -
2,122,684 - 12,005,500 4,634,887 - - 36,884,894 22,192,285 27,056,105 -
402,397 1,098,605 - 128,922 - - - - 714,054 -
- - - - - - - 1,714,464 - -
(5,518,511) (20,237,470) (10,065,676) (6,225,235) - - (62,622,209) (26,360,380) (30,657,424) -
2,671,165 (3,286,868) 13,341,210 1,866,225 - - 13,584,666 6,671,246 9,382,547 -
201,052 668,593 15,220 204,845 - - 294,735 283,176 250,040 -
- 729,423 172,682 - - - 1,288,680 - 711,139 -
- - - - - - - - - -
- - - - - - - - - -
5,878 894,820 109,881 39 - - 90,474 111 249,319 -
206,930 2,292,836 297,783 204,883 - - 1,673,890 283,287 1,210,498 -
- - - - - - - - - -
- - - - - - - - - -
2,464,235 (5,579,704) 13,043,428 1,661,342 - - 11,910,776 6,387,959 8,172,050 -
- - - - - - - - - -
2,464,235 (5,579,704) 13,043,428 1,661,342 - - 11,910,776 6,387,959 8,172,050 -
2,671,165 (3,286,868) 13,341,210 1,866,225 - - 13,584,666 6,671,246 9,382,547 -
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 33 of 53
United States Bankruptcy Court
Southern District of Texas Houston Division
In re:
Office Properties Income Trust, et al.
Debtors
Support Documentation to MOR - 2
Balance Sheet by Legal Entity
For the period ended 2/28/2026
Cash and cash equivalents
Restricted cash
Rents receivable
Total Current Assets
Land
Buildings and improvements
Accumulated depreciation
Real estate properties (net)
Due from related parties
Deferred leasing costs (net)
Acquired real estate leases - net
Other assets (net)
Total Assets
Accounts payable and other liabilities
Due to related parties
Assumed real estate lease obligations (net)
Secured debt (net)
Liabilities subject to compromise
Total Liabilities
Common shares of beneficial interest
Additional paid in capital
Cumulative net income
Cumulative common distributions
Total Shareholders' Equity
Total Liabilities and Shareholders' Equity
Case No. 25-90530 (CML)
Reporting Period: February 1, 2026 through February 28, 2026
SIR Parsippany
(Jefferson) LLC SIR Philadelphia LLC SIR Properties REIT
LLC SIR Properties Trust SIR Redwood City LP SIR REIT New
Braunfels LLC SIR REIT Plano LLC SIR Rocklin (Office)
LLC SIR San Jose LLC SIR Santa Clara LP
Case No. 25-90542 Case No. 25-90549 Case No. 25-90575 Case No. 25-90579 Case No. 25-90582 Case No. 25-90545 Case No. 25-90585 Case No. 25-90588 Case No. 25-90548 Case No. 25-90592
- - - - - - - - - -
- - - - - - - - - -
- - 3,305,152 420,465 238,280 173,581 1,098,848 - (80,733) 17,968
- - 3,305,152 420,465 238,280 173,581 1,098,848 - (80,733) 17,968
4,543,015 5,573,288 9,318,246 14,038,798 14,453,262 4,964,936 6,819,428 - 12,304,407 -
4,600,531 29,818,264 60,973,032 17,323,088 7,722,143 2,375,284 12,875,007 - 5,448,273 -
(1,089,735) (5,649,685) (15,794,973) (4,618,256) (1,533,984) (283,594) (1,834,250) - (1,154,408) -
8,053,810 29,741,867 54,496,305 26,743,630 20,641,421 7,056,625 17,860,185 - 16,598,271 -
8,314,251 - 76,867,236 55,271,482 17,519,127 5,050,726 6,726,469 917,628 17,725,669 24,960,565
- - 779,966 - 154,496 397,241 3,696,191 - 1,311,837 -
- - 3,583,314 1,437,276 - - - - 744,241 -
(17,783,747) (7,125,815) (95,501,082) (43,670,265) (27,521,608) (9,030,144) (20,894,308) - (23,126,259) -
(1,415,686) 22,616,052 43,530,890 40,202,588 11,031,715 3,648,030 8,487,384 917,628 13,173,026 24,978,533
65,494 266,864 1,465,299 448,323 434,825 331,574 150,341 - 607,095 -
288,189 598,711 - - 286,148 - 5,486,408 - 748,575 -
- - 174,927 - - - - - - -
- - - - - - - - - -
13,221 18,979,818 705,848 237,798 353 562 401 - 3,538 -
366,904 19,845,393 2,346,075 686,120 721,326 332,136 5,637,150 - 1,359,209 -
- - - - - - - - - -
- - - - - - - - - -
(1,782,590) 2,770,659 41,184,815 39,516,468 10,310,389 3,315,895 2,850,235 917,628 11,813,817 24,978,533
- - - - - - - - - -
(1,782,590) 2,770,659 41,184,815 39,516,468 10,310,389 3,315,895 2,850,235 917,628 11,813,817 24,978,533
(1,415,686) 22,616,052 43,530,890 40,202,588 11,031,715 3,648,030 8,487,384 917,628 13,173,026 24,978,533
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 34 of 53
United States Bankruptcy Court
Southern District of Texas Houston Division
In re:
Office Properties Income Trust, et al.
Debtors
Support Documentation to MOR - 2
Balance Sheet by Legal Entity
For the period ended 2/28/2026
Cash and cash equivalents
Restricted cash
Rents receivable
Total Current Assets
Land
Buildings and improvements
Accumulated depreciation
Real estate properties (net)
Due from related parties
Deferred leasing costs (net)
Acquired real estate leases - net
Other assets (net)
Total Assets
Accounts payable and other liabilities
Due to related parties
Assumed real estate lease obligations (net)
Secured debt (net)
Liabilities subject to compromise
Total Liabilities
Common shares of beneficial interest
Additional paid in capital
Cumulative net income
Cumulative common distributions
Total Shareholders' Equity
Total Liabilities and Shareholders' Equity
Case No. 25-90530 (CML)
Reporting Period: February 1, 2026 through February 28, 2026
SIR Westford LLC Twelve24 Atlanta LLC West Java Sunnyvale
LLC
Case No. 25-90597 Case No. 25-90600 Case No. 25-90601
- - -
- - -
- 5,072,226 3,292,427
- 5,072,226 3,292,427
- 13,040,272 24,608,813
- 145,947,638 3,757,541
- (20,819,068) (807,755)
- 138,168,842 27,558,599
17,137,960 38,082,615 13,392,763
- 123,248 1,921,061
- 21,371,918 812,172
- (179,875,106) (28,919,058)
17,137,960 22,943,742 18,057,965
- 1,199,925 457,850
- - -
- - -
- - -
- 42,472 1,399
- 1,242,398 459,249
- - -
- - -
17,137,960 21,701,344 17,598,716
- - -
17,137,960 21,701,344 17,598,716
17,137,960 22,943,742 18,057,965
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 35 of 53
United States Bankruptcy Court
Southern District of Texas Houston Division
In re: Case No. 25-90530 (CML)
Office Properties Income Trust, et al. Reporting Period: February 1, 2026 through February 28, 2026
Debtors
Support Documentation to MOR - 3
Income Statement by Legal Entity
For the period 2/1/2026 through 2/28/2026
Office Properties
Income Trust
Government
Properties Income
Trust LLC
112 Ave Miami LLC 20 Mass Ave TRS Inc. 3400 Plano TX LLC 440 First Street LLC ACP East LLC Bayside Pkwy
Fremont 2 LLC
Burt Street Omaha
LLC Clay Holdco LLC
Case No. 25-90530 Case No. 25-90536 Case No. 25-90551 Case No. 25-90565 Case No. 25-90555 Case No. 25-90570 Case No. 25-90573 Case No. 25-90532 Case No. 25-90556 Case No. 25-90576
Rental Income - 790,593 285,870 2,172,298 158,030 637,732 50,853 253,850 192,833 -
Real estate taxes - (146,982) 20,765 - - (108,221) (5,160) (20,247) (21,471) -
Utility expenses - (50,621) (17,668) - - (28,672) (6,147) - - -
Other operating expenses - (231,585) (49,469) (2,518,376) (10,150) (179,713) (22,272) (23,240) (20,991) -
Depreciation and amortization - (1,138,701) (42,195) - (82,948) (199,903) (25,355) (33,195) (62,960) -
Transaction related costs - - - - - - - - - -
General and administrative 81,707 (75,765) (7,158) (5,246) (7,877) (22,077) (2,178) (3,663) (4,542) -
Total Expenses 81,707 (1,643,654) (95,725) (2,523,623) (100,975) (538,586) (61,112) (80,345) (109,963) -
Operating Income 81,707 (853,061) 190,145 (351,324) 57,054 99,146 (10,259) 173,505 82,870 -
Gain/loss on sale of real estate - - - - - - - - - -
Interest and other income 42,285 14,666 - 2,455 - 3,540 - - - -
Interest expense (613,096) - - - - - - - - -
Reorganization Items, net (5,994,512) (2,589) (243) - (267) (749) (74) (124) (154) -
Income tax (expense) benefit - - - - - - - - - -
Equity in net losses of investees - - - - - - - - - -
Net income (loss) available for common shareholders (6,483,616) (840,983) 189,902 (348,870) 56,787 101,937 (10,333) 173,380 82,716 -
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 36 of 53
United States Bankruptcy Court
Southern District of Texas Houston Division
In re:
Office Properties Income Trust, et al.
Debtors
Support Documentation to MOR - 3
Income Statement by Legal Entity
For the period 2/1/2026 through 2/28/2026
Rental Income
Real estate taxes
Utility expenses
Other operating expenses
Depreciation and amortization
Transaction related costs
General and administrative
Total Expenses
Operating Income
Gain/loss on sale of real estate
Interest and other income
Interest expense
Reorganization Items, net
Income tax (expense) benefit
Equity in net losses of investees
Net income (loss) available for common shareholders
Case No. 25-90530 (CML)
Reporting Period: February 1, 2026 through February 28, 2026
Clay Road Houston
LLC CRI SIR LLC Elliott Ave Seattle LLC Ewing Holdco LLC First Potomac DC
Holdings, LLC
FP 11 Dupont Circle,
LLC
FP 1211 Connecticut
Avenue, LLC FP 1401 K, LLC FP 1775 Wiehle
Avenue, LLC FP 540 Gaither, LLC
Case No. 25-90557 Case No. 25-90578 Case No. 25-90558 Case No. 25-90581 Case No. 25-90584 Case No. 25-90534 Case No. 25-90590 Case No. 25-90540 Case No. 25-90593 Case No. 25-90537
192,703 - 742,788 - - 382,328 197,506 325,543 259,432 225,704
- - (141,428) - - (76,407) (92,110) (72,099) (24,333) (36,121)
- - (84,423) - - (69,863) (63,706) (67,469) (29,301) (32,206)
(11,088) - (230,279) - - (45,418) (183,679) (139,686) (174,084) (127,985)
(62,968) - (866,606) - - (349,360) (104,174) (197,155) (155,002) (87,806)
- - - - - - - - - -
(7,795) - (71,303) - - (25,925) (16,410) (19,984) (10,020) (9,333)
(81,851) - (1,394,039) - - (566,972) (460,079) (496,393) (392,739) (293,451)
110,852 - (651,251) - - (184,644) (262,573) (170,850) (133,307) (67,747)
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
(265) - (2,420) - - (880) (557) (678) (340) (317)
- - - - - - - - - -
- - - - - - - - - -
110,588 - (653,671) - - (185,524) (263,130) (171,529) (133,647) (68,064)
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 37 of 53
United States Bankruptcy Court
Southern District of Texas Houston Division
In re:
Office Properties Income Trust, et al.
Debtors
Support Documentation to MOR - 3
Income Statement by Legal Entity
For the period 2/1/2026 through 2/28/2026
Rental Income
Real estate taxes
Utility expenses
Other operating expenses
Depreciation and amortization
Transaction related costs
General and administrative
Total Expenses
Operating Income
Gain/loss on sale of real estate
Interest and other income
Interest expense
Reorganization Items, net
Income tax (expense) benefit
Equity in net losses of investees
Net income (loss) available for common shareholders
Case No. 25-90530 (CML)
Reporting Period: February 1, 2026 through February 28, 2026
FP 6310 Hillside
Center, LLC
FP 6315 Hillside
Center, LLC
FP 840 First Street,
LLC
FP Atlantic Corporate
Park, LLC
FP Patuxent Parkway,
LLC
FP Redland
Technology Center
LLC
FP Sterling Park Land,
LLC GOV Lake Fairfax Inc. GOV Lakewood
Properties Trust GOV NEW OPPTY LP
Case No. 25-90594 Case No. 25-90543 Case No. 25-90587 Case No. 25-90531 Case No. 25-90546 Case No. 25-90533 Case No. 25-90596 Case No. 25-90599 Case No. 25-90560 Case No. 25-90564
148,413 20,655 168,703 431,621 188,151 988,601 - - - -
(7,964) (5,923) (102,819) (25,638) 38,185 (196,792) (1,341) (13,813) (41,051) -
(33,909) (11,292) (156,820) (49,121) (79,939) (236,796) - (31,984) (11,091) -
(48,828) (31,537) (115,565) (289,814) (178,386) (317,278) - (48,887) (27,949) -
(23,589) (9,293) (185,225) (115,702) (91,306) (438,616) - (134,417) (12,647) -
- - - - - - - - - -
(1,328) (1,413) (34,887) (12,824) (7,693) (25,487) (296) (18,913) (7,103) -
(115,617) (59,458) (595,316) (493,098) (319,139) (1,214,969) (1,637) (248,014) (99,840) -
32,796 (38,803) (426,613) (61,477) (130,988) (226,369) (1,637) (248,014) (99,840) -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
(45) (48) (1,184) (435) (261) (865) (10) (642) (241) -
- - - - - - - - - -
- - - - - - - - - -
32,750 (38,851) (427,797) (61,912) (131,249) (227,234) (1,647) (248,656) (100,081) -
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 38 of 53
United States Bankruptcy Court
Southern District of Texas Houston Division
In re:
Office Properties Income Trust, et al.
Debtors
Support Documentation to MOR - 3
Income Statement by Legal Entity
For the period 2/1/2026 through 2/28/2026
Rental Income
Real estate taxes
Utility expenses
Other operating expenses
Depreciation and amortization
Transaction related costs
General and administrative
Total Expenses
Operating Income
Gain/loss on sale of real estate
Interest and other income
Interest expense
Reorganization Items, net
Income tax (expense) benefit
Equity in net losses of investees
Net income (loss) available for common shareholders
Case No. 25-90530 (CML)
Reporting Period: February 1, 2026 through February 28, 2026
GOV NEW OPPTY LP
REIT
GOV NEW OPPTY
REIT GPT Properties LLC GPT Properties Trust Grand Oak Circle
Tampa LLC
Jan Davis Huntsville
LLC OPI 25 Exchange LLC OPI AL Properties LLC OPI BND Holdings
Trust
OPI BND Properties
LLC
Case No. 25-90562 Case No. 25-90567 Case No. 25-90538 Case No. 25-90541 Case No. 25-90544 Case No. 25-90552 Case No. 25-90547 Case No. 25-90569 Case No. 25-90572 Case No. 25-90574
- - 27,750 1,444,156 202,770 99,645 680,465 288,772 - 3,514,752
- - (5,947) (21,118) (18,784) 7,545 (39,358) (11,167) - (390,495)
- - (286) (114,750) 22,485 - (133,676) (39,602) - (228,122)
- - (16,726) (475,566) (51,873) (8,086) (237,261) (69,447) - (982,722)
- - (19,263) (501,046) (40,323) (28,794) (227,517) (72,770) - (1,246,967)
- - - - - - - - - -
- - (2,770) (42,943) (3,640) (2,401) (24,083) (6,766) - (92,617)
- - (44,992) (1,155,423) (92,135) (31,735) (661,895) (199,752) - (2,940,922)
- - (17,242) 288,733 110,635 67,909 18,570 89,020 - 573,830
- - - (260) - - - - - -
- - - - - - 368 - - 10,644
- - - - - - (1,132,067) - - (2,727,804)
- - (94) (1,451) (124) (81) (6,874,684) (230) - (1,693,098)
- - - - - - - - - -
- - - - - - - - - -
- - (17,336) 287,022 110,511 67,828 (7,987,814) 88,790 - (3,836,428)
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 39 of 53
United States Bankruptcy Court
Southern District of Texas Houston Division
In re:
Office Properties Income Trust, et al.
Debtors
Support Documentation to MOR - 3
Income Statement by Legal Entity
For the period 2/1/2026 through 2/28/2026
Rental Income
Real estate taxes
Utility expenses
Other operating expenses
Depreciation and amortization
Transaction related costs
General and administrative
Total Expenses
Operating Income
Gain/loss on sale of real estate
Interest and other income
Interest expense
Reorganization Items, net
Income tax (expense) benefit
Equity in net losses of investees
Net income (loss) available for common shareholders
Case No. 25-90530 (CML)
Reporting Period: February 1, 2026 through February 28, 2026
OPI Notex Holdings
Trust
OPI Notex Properties
LLC OPI TRS Inc. OPI WF Borrower LLC OPI WF Holding LLC OPI WF Owner LLC Primerica Holdco LLC Santa Clara (Walsh)
LLC SC Merger Sub LLC Schrock Road
Columbus LLC
Case No. 25-90554 Case No. 25-90550 Case No. 25-90529 Case No. 25-90577 Case No. 25-90580 Case No. 25-90583 Case No. 25-90586 Case No. 25-90589 Case No. 25-90591 Case No. 25-90553
- 4,585,207 - - - 9,135,218 - 233,339 - 43,283
- (501,586) - - - (1,146,588) - (29,855) - -
- (495,401) - - - (1,012,496) - - - -
- (1,111,802) - - - (2,400,276) - (19,900) - (8,266)
- (1,326,256) - - - (3,643,426) - (64,413) - (10,071)
- - - - - - - - - -
- (116,576) - - - (251,437) - (7,100) - (1,649)
- (3,551,621) - - - (8,454,222) - (121,268) - (19,986)
- 1,033,586 - - - 680,996 - 112,071 - 23,298
- - - - - - - - - -
- 72 - - - 17,777 - - - -
- (4,574,992) - - - (3,883,820) - - - -
- (4,283,516) - - - (1,684,139) - (241) - (56)
- - - - - - - - - -
- - - - - - - - - -
- (7,824,850) - - - (4,869,186) - 111,830 - 23,242
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 40 of 53
United States Bankruptcy Court
Southern District of Texas Houston Division
In re:
Office Properties Income Trust, et al.
Debtors
Support Documentation to MOR - 3
Income Statement by Legal Entity
For the period 2/1/2026 through 2/28/2026
Rental Income
Real estate taxes
Utility expenses
Other operating expenses
Depreciation and amortization
Transaction related costs
General and administrative
Total Expenses
Operating Income
Gain/loss on sale of real estate
Interest and other income
Interest expense
Reorganization Items, net
Income tax (expense) benefit
Equity in net losses of investees
Net income (loss) available for common shareholders
Case No. 25-90530 (CML)
Reporting Period: February 1, 2026 through February 28, 2026
SIR Campbell Place
Inc. SIR Centennial LLC SIR Colorado Springs
LLC SIR Fort Mill LLC SIR GP Redwood City
LLC
SIR Holdings
Corporation
SIR Irving (Freeport)
LLC SIR Johnston LLC SIR Omaha LLC SIR Operating
Partnership LP
Case No. 25-90535 Case No. 25-90595 Case No. 25-90598 Case No. 25-90559 Case No. 25-90561 Case No. 25-90563 Case No. 25-90539 Case No. 25-90566 Case No. 25-90568 Case No. 25-90571
105,176 91,080 - 67,116 - - - 238,058 102,617 -
(14,996) (156,214) - - - - (21,286) - (23,407) -
(10,770) (34,789) - - - - (56,255) - (30,774) -
(28,983) (61,536) - (9,759) - - (173,756) (14,469) (44,029) -
(22,928) (47,817) - (11,824) - - (72,912) (151,559) (36,168) -
- - - - - - - - - -
(4,998) (10,239) - (2,480) - - (23,986) (10,388) (11,254) -
(82,675) (310,596) - (24,062) - - (348,195) (176,416) (145,632) -
22,502 (219,516) - 43,054 - - (348,195) 61,642 (43,016) -
- - - - - - - - - -
- - 33,680 - - - - - - -
- - - - - - - - - -
(170) (348) - (84) - - (814) (353) (382) -
- - - - - - - - - -
- - - - - - - - - -
22,332 (219,863) 33,680 42,970 - - (349,009) 61,290 (43,398) -
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 41 of 53
United States Bankruptcy Court
Southern District of Texas Houston Division
In re:
Office Properties Income Trust, et al.
Debtors
Support Documentation to MOR - 3
Income Statement by Legal Entity
For the period 2/1/2026 through 2/28/2026
Rental Income
Real estate taxes
Utility expenses
Other operating expenses
Depreciation and amortization
Transaction related costs
General and administrative
Total Expenses
Operating Income
Gain/loss on sale of real estate
Interest and other income
Interest expense
Reorganization Items, net
Income tax (expense) benefit
Equity in net losses of investees
Net income (loss) available for common shareholders
Case No. 25-90530 (CML)
Reporting Period: February 1, 2026 through February 28, 2026
SIR Parsippany
(Jefferson) LLC SIR Philadelphia LLC SIR Properties REIT
LLC SIR Properties Trust SIR Redwood City LP SIR REIT New
Braunfels LLC SIR REIT Plano LLC SIR Rocklin (Office)
LLC SIR San Jose LLC SIR Santa Clara LP
Case No. 25-90542 Case No. 25-90549 Case No. 25-90575 Case No. 25-90579 Case No. 25-90582 Case No. 25-90545 Case No. 25-90585 Case No. 25-90588 Case No. 25-90548 Case No. 25-90592
- - 1,146,173 459,780 48,494 165,149 275,065 - 247,168 -
(25,651) (81,673) (117,901) (59,759) (42,677) (17,788) (32,800) - (44,066) -
(34,540) (216,735) (103,581) (30,145) (103,535) (15,459) - - (998) -
(34,285) (120,600) (307,873) (84,992) (32,230) (46,400) (94,205) - (33,459) -
(14,124) (76,616) (390,310) (131,026) (22,147) (19,687) (82,239) - (37,156) -
- - - - - - - - - -
(9,399) (21,285) (23,692) (15,619) (9,431) (4,175) (6,685) - (9,348) -
(117,999) (516,909) (943,356) (321,540) (210,021) (103,508) (215,929) - (125,027) -
(117,999) (516,909) 202,816 138,240 (161,527) 61,640 59,137 - 122,141 -
- - - - - - - - - -
66 - - - - - - - - -
- - - - - - - - - -
(319) (723) (804) (530) (320) (142) (227) - (317) -
- - - - - - - - - -
- - - - - - - - - -
(118,252) (517,632) 202,012 137,710 (161,847) 61,499 58,910 - 121,824 -
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 42 of 53
United States Bankruptcy Court
Southern District of Texas Houston Division
In re:
Office Properties Income Trust, et al.
Debtors
Support Documentation to MOR - 3
Income Statement by Legal Entity
For the period 2/1/2026 through 2/28/2026
Rental Income
Real estate taxes
Utility expenses
Other operating expenses
Depreciation and amortization
Transaction related costs
General and administrative
Total Expenses
Operating Income
Gain/loss on sale of real estate
Interest and other income
Interest expense
Reorganization Items, net
Income tax (expense) benefit
Equity in net losses of investees
Net income (loss) available for common shareholders
Case No. 25-90530 (CML)
Reporting Period: February 1, 2026 through February 28, 2026
SIR Westford LLC Twelve24 Atlanta LLC West Java Sunnyvale
LLC
Case No. 25-90597 Case No. 25-90600 Case No. 25-90601
- 1,571,981 362,481
- (165,305) (34,180)
- (163,210) (763)
- (385,075) (29,840)
- (577,656) (60,073)
- - -
- (45,010) (7,363)
- (1,336,255) (132,219)
- 235,726 230,261
- - -
- - -
- - -
- (1,528) (250)
- - -
- - -
- 234,198 230,011
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 43 of 53
United States Bankruptcy Court
Southern District of Texas Houston Division
In re: Case No. 25-90530 (CML)
Office Properties Income Trust, et al. Reporting Period: February 1, 2026 through February 28, 2026
Debtors
Support Documentation to MOR - 4
Schedule of Prepetition Payments
For the period 2/1/2026 through 2/28/2026
The Debtors hereby submit this attestation regarding prepetition payments payments during the period of February 1, 2026 through February 28, 2026.
/s/ John R. Castellano March 31, 2026
Signature of Authorized Individual Date
John R. Castellano Chief Restructuring Officer
Printed Name of Authorized Individual Title of Authorized Individual
All payments made by the Debtors on account of prepetition claims during the period of February 1, 2026 through February 28, 2026 were authorized under First Day Orders
granted by the Bankruptcy Court.
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 44 of 53
United States Bankruptcy Court
Southern District of Texas Houston Division
In re: Case No. 25-90530 (CML)
Office Properties Income Trust, et al. Reporting Period: February 1, 2026 through February 28, 2026
Debtors
Support Documentation to MOR - 5
Schedule of Payments to Insiders
For the period 2/1/2026 through 2/28/2026
Legal Entity Party Name Description Date Sum of Amount
112 Ave Miami LLC The RMR Group LLC Business Management Fee 2/6/2026 6,130
112 Ave Miami LLC The RMR Group LLC Business Management Fee 2/27/2026 6,130
112 Ave Miami LLC The RMR Group LLC Maintenance & Other Expenses 2/6/2026 482
112 Ave Miami LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 663
112 Ave Miami LLC The RMR Group LLC Payroll & Benefits 2/6/2026 9,114
112 Ave Miami LLC The RMR Group LLC Payroll & Benefits 2/27/2026 14,139
112 Ave Miami LLC The RMR Group LLC Property Management & Construction Fees 2/6/2026 15,166
112 Ave Miami LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 9,083
20 Mass Ave TRS Inc. Sonesta International Hotel Management Fee 2/27/2026 924,083
3400 Plano TX LLC The RMR Group LLC Business Management Fee 2/6/2026 6,746
3400 Plano TX LLC The RMR Group LLC Business Management Fee 2/27/2026 6,746
3400 Plano TX LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 61
3400 Plano TX LLC The RMR Group LLC Maintenance & Other Expenses 2/27/2026 2
3400 Plano TX LLC The RMR Group LLC Payroll & Benefits 2/6/2026 4,447
3400 Plano TX LLC The RMR Group LLC Payroll & Benefits 2/27/2026 6,745
3400 Plano TX LLC The RMR Group LLC Property Management & Construction Fees 2/6/2026 4,101
3400 Plano TX LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 4,101
440 First Street LLC The RMR Group LLC Business Management Fee 2/6/2026 18,908
440 First Street LLC The RMR Group LLC Business Management Fee 2/27/2026 18,908
440 First Street LLC The RMR Group LLC Maintenance & Other Expenses 2/6/2026 97
440 First Street LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 101
440 First Street LLC The RMR Group LLC Maintenance & Other Expenses 2/27/2026 26
440 First Street LLC The RMR Group LLC Payroll & Benefits 2/6/2026 29,389
440 First Street LLC The RMR Group LLC Payroll & Benefits 2/27/2026 55,768
440 First Street LLC The RMR Group LLC Property Management & Construction Fees 2/6/2026 19,798
440 First Street LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 20,079
ACP East LLC The RMR Group LLC Business Management Fee 2/6/2026 1,865
ACP East LLC The RMR Group LLC Business Management Fee 2/27/2026 1,865
ACP East LLC The RMR Group LLC Maintenance & Other Expenses 2/6/2026 91
ACP East LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 336
ACP East LLC The RMR Group LLC Maintenance & Other Expenses 2/27/2026 93
ACP East LLC The RMR Group LLC Payroll & Benefits 2/6/2026 5,701
ACP East LLC The RMR Group LLC Payroll & Benefits 2/27/2026 8,762
ACP East LLC The RMR Group LLC Property Management & Construction Fees 2/6/2026 1,689
ACP East LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 1,402
Bayside Pkwy Fremont 2 LLC The RMR Group LLC Business Management Fee 2/6/2026 3,137
Bayside Pkwy Fremont 2 LLC The RMR Group LLC Business Management Fee 2/27/2026 3,137
Bayside Pkwy Fremont 2 LLC The RMR Group LLC Maintenance & Other Expenses 2/6/2026 95
Bayside Pkwy Fremont 2 LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 137
Bayside Pkwy Fremont 2 LLC The RMR Group LLC Maintenance & Other Expenses 2/27/2026 46
Bayside Pkwy Fremont 2 LLC The RMR Group LLC Payroll & Benefits 2/6/2026 6,618
Bayside Pkwy Fremont 2 LLC The RMR Group LLC Payroll & Benefits 2/27/2026 9,943
Bayside Pkwy Fremont 2 LLC The RMR Group LLC Property Management & Construction Fees 2/6/2026 1,613
Bayside Pkwy Fremont 2 LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 1,321
Burt Street Omaha LLC The RMR Group LLC Business Management Fee 2/6/2026 3,890
Burt Street Omaha LLC The RMR Group LLC Business Management Fee 2/27/2026 3,890
Burt Street Omaha LLC The RMR Group LLC Maintenance & Other Expenses 2/6/2026 20
Burt Street Omaha LLC The RMR Group LLC Payroll & Benefits 2/6/2026 4,156
Burt Street Omaha LLC The RMR Group LLC Payroll & Benefits 2/27/2026 6,507
Burt Street Omaha LLC The RMR Group LLC Property Management & Construction Fees 2/6/2026 4,084
Burt Street Omaha LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 5,292
Clay Road Houston LLC The RMR Group LLC Business Management Fee 2/6/2026 6,676
Clay Road Houston LLC The RMR Group LLC Business Management Fee 2/27/2026 6,676
Clay Road Houston LLC The RMR Group LLC Payroll & Benefits 2/6/2026 3,064
Clay Road Houston LLC The RMR Group LLC Payroll & Benefits 2/27/2026 4,690
Clay Road Houston LLC The RMR Group LLC Property Management & Construction Fees 2/6/2026 5,547
Clay Road Houston LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 6,142
Elliott Ave Seattle LLC The RMR Group LLC Business Management Fee 2/6/2026 61,068
Elliott Ave Seattle LLC The RMR Group LLC Business Management Fee 2/27/2026 61,068
Elliott Ave Seattle LLC The RMR Group LLC Maintenance & Other Expenses 2/6/2026 70
Elliott Ave Seattle LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 4
Elliott Ave Seattle LLC The RMR Group LLC Maintenance & Other Expenses 2/27/2026 12
The Debtors hereby submit this attestation regarding insider payments payments during the period of February 1, 2026 through February 28, 2026. For additional
information regarding the applicable reporting period and insider payment details, please refer to the Global Notes.
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 45 of 53
Legal Entity Party Name Description Date Sum of Amount
Elliott Ave Seattle LLC The RMR Group LLC Payroll & Benefits 2/6/2026 37,788
Elliott Ave Seattle LLC The RMR Group LLC Payroll & Benefits 2/27/2026 59,200
Elliott Ave Seattle LLC The RMR Group LLC Property Management & Construction Fees 2/6/2026 19,886
Elliott Ave Seattle LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 15,784
FP 11 Dupont Circle, LLC The RMR Group LLC Business Management Fee 2/6/2026 22,204
FP 11 Dupont Circle, LLC The RMR Group LLC Business Management Fee 2/27/2026 22,204
FP 11 Dupont Circle, LLC The RMR Group LLC Maintenance & Other Expenses 2/6/2026 97
FP 11 Dupont Circle, LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 289
FP 11 Dupont Circle, LLC The RMR Group LLC Maintenance & Other Expenses 2/27/2026 41
FP 11 Dupont Circle, LLC The RMR Group LLC Payroll & Benefits 2/6/2026 25,571
FP 11 Dupont Circle, LLC The RMR Group LLC Payroll & Benefits 2/27/2026 38,687
FP 11 Dupont Circle, LLC The RMR Group LLC Property Management & Construction Fees 2/6/2026 15,643
FP 11 Dupont Circle, LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 13,923
FP 1211 Connecticut Avenue, LLC The RMR Group LLC Business Management Fee 2/6/2026 14,054
FP 1211 Connecticut Avenue, LLC The RMR Group LLC Business Management Fee 2/27/2026 14,054
FP 1211 Connecticut Avenue, LLC The RMR Group LLC Maintenance & Other Expenses 2/6/2026 97
FP 1211 Connecticut Avenue, LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 101
FP 1211 Connecticut Avenue, LLC The RMR Group LLC Maintenance & Other Expenses 2/27/2026 206
FP 1211 Connecticut Avenue, LLC The RMR Group LLC Payroll & Benefits 2/6/2026 26,686
FP 1211 Connecticut Avenue, LLC The RMR Group LLC Payroll & Benefits 2/27/2026 50,772
FP 1211 Connecticut Avenue, LLC The RMR Group LLC Property Management & Construction Fees 2/6/2026 3,131
FP 1211 Connecticut Avenue, LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 3,369
FP 1401 K, LLC The RMR Group LLC Business Management Fee 2/6/2026 17,116
FP 1401 K, LLC The RMR Group LLC Business Management Fee 2/27/2026 17,116
FP 1401 K, LLC The RMR Group LLC Maintenance & Other Expenses 2/6/2026 97
FP 1401 K, LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 101
FP 1401 K, LLC The RMR Group LLC Maintenance & Other Expenses 2/27/2026 38
FP 1401 K, LLC The RMR Group LLC Payroll & Benefits 2/6/2026 30,740
FP 1401 K, LLC The RMR Group LLC Payroll & Benefits 2/27/2026 57,991
FP 1401 K, LLC The RMR Group LLC Property Management & Construction Fees 2/6/2026 10,244
FP 1401 K, LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 10,456
FP 1775 Wiehle Avenue, LLC The RMR Group LLC Business Management Fee 2/6/2026 8,582
FP 1775 Wiehle Avenue, LLC The RMR Group LLC Business Management Fee 2/27/2026 8,582
FP 1775 Wiehle Avenue, LLC The RMR Group LLC Maintenance & Other Expenses 2/6/2026 221
FP 1775 Wiehle Avenue, LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 470
FP 1775 Wiehle Avenue, LLC The RMR Group LLC Payroll & Benefits 2/6/2026 15,759
FP 1775 Wiehle Avenue, LLC The RMR Group LLC Payroll & Benefits 2/27/2026 24,727
FP 1775 Wiehle Avenue, LLC The RMR Group LLC Property Management & Construction Fees 2/6/2026 8,264
FP 1775 Wiehle Avenue, LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 7,747
FP 540 Gaither, LLC The RMR Group LLC Business Management Fee 2/6/2026 7,994
FP 540 Gaither, LLC The RMR Group LLC Business Management Fee 2/27/2026 7,994
FP 540 Gaither, LLC The RMR Group LLC Maintenance & Other Expenses 2/6/2026 91
FP 540 Gaither, LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 98
FP 540 Gaither, LLC The RMR Group LLC Payroll & Benefits 2/6/2026 15,390
FP 540 Gaither, LLC The RMR Group LLC Payroll & Benefits 2/27/2026 24,092
FP 540 Gaither, LLC The RMR Group LLC Property Management & Construction Fees 2/6/2026 8,265
FP 540 Gaither, LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 8,179
FP 6310 Hillside Center, LLC The RMR Group LLC Business Management Fee 2/6/2026 1,137
FP 6310 Hillside Center, LLC The RMR Group LLC Business Management Fee 2/27/2026 1,137
FP 6310 Hillside Center, LLC The RMR Group LLC Maintenance & Other Expenses 2/6/2026 91
FP 6310 Hillside Center, LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 131
FP 6310 Hillside Center, LLC The RMR Group LLC Maintenance & Other Expenses 2/27/2026 46
FP 6310 Hillside Center, LLC The RMR Group LLC Payroll & Benefits 2/6/2026 6,326
FP 6310 Hillside Center, LLC The RMR Group LLC Payroll & Benefits 2/27/2026 11,836
FP 6310 Hillside Center, LLC The RMR Group LLC Property Management & Construction Fees 2/6/2026 3,029
FP 6310 Hillside Center, LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 3,186
FP 6315 Hillside Center, LLC The RMR Group LLC Business Management Fee 2/6/2026 1,211
FP 6315 Hillside Center, LLC The RMR Group LLC Business Management Fee 2/27/2026 1,211
FP 6315 Hillside Center, LLC The RMR Group LLC Maintenance & Other Expenses 2/6/2026 91
FP 6315 Hillside Center, LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 80
FP 6315 Hillside Center, LLC The RMR Group LLC Maintenance & Other Expenses 2/27/2026 46
FP 6315 Hillside Center, LLC The RMR Group LLC Payroll & Benefits 2/6/2026 5,735
FP 6315 Hillside Center, LLC The RMR Group LLC Payroll & Benefits 2/27/2026 8,662
FP 6315 Hillside Center, LLC The RMR Group LLC Property Management & Construction Fees 2/6/2026 448
FP 6315 Hillside Center, LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 554
FP 840 First Street, LLC The RMR Group LLC Business Management Fee 2/6/2026 29,879
FP 840 First Street, LLC The RMR Group LLC Business Management Fee 2/27/2026 29,879
FP 840 First Street, LLC The RMR Group LLC Maintenance & Other Expenses 2/6/2026 97
FP 840 First Street, LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 102
FP 840 First Street, LLC The RMR Group LLC Maintenance & Other Expenses 2/27/2026 26
FP 840 First Street, LLC The RMR Group LLC Payroll & Benefits 2/6/2026 33,580
FP 840 First Street, LLC The RMR Group LLC Payroll & Benefits 2/27/2026 50,278
FP 840 First Street, LLC The RMR Group LLC Property Management & Construction Fees 2/6/2026 5,576
FP 840 First Street, LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 5,624
FP Atlantic Corporate Park, LLC The RMR Group LLC Business Management Fee 2/6/2026 10,983
FP Atlantic Corporate Park, LLC The RMR Group LLC Business Management Fee 2/27/2026 10,983
FP Atlantic Corporate Park, LLC The RMR Group LLC Maintenance & Other Expenses 2/6/2026 406
FP Atlantic Corporate Park, LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 918
FP Atlantic Corporate Park, LLC The RMR Group LLC Payroll & Benefits 2/6/2026 31,181
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 46 of 53
Legal Entity Party Name Description Date Sum of Amount
FP Atlantic Corporate Park, LLC The RMR Group LLC Payroll & Benefits 2/27/2026 49,289
FP Atlantic Corporate Park, LLC The RMR Group LLC Property Management & Construction Fees 2/6/2026 20,447
FP Atlantic Corporate Park, LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 12,127
FP Patuxent Parkway, LLC The RMR Group LLC Business Management Fee 2/6/2026 6,589
FP Patuxent Parkway, LLC The RMR Group LLC Business Management Fee 2/27/2026 6,589
FP Patuxent Parkway, LLC The RMR Group LLC Maintenance & Other Expenses 2/6/2026 91
FP Patuxent Parkway, LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 229
FP Patuxent Parkway, LLC The RMR Group LLC Maintenance & Other Expenses 2/27/2026 46
FP Patuxent Parkway, LLC The RMR Group LLC Payroll & Benefits 2/6/2026 21,447
FP Patuxent Parkway, LLC The RMR Group LLC Payroll & Benefits 2/27/2026 33,133
FP Patuxent Parkway, LLC The RMR Group LLC Property Management & Construction Fees 2/6/2026 6,222
FP Patuxent Parkway, LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 5,414
FP Redland Technology Center LLC The RMR Group LLC Business Management Fee 2/6/2026 21,828
FP Redland Technology Center LLC The RMR Group LLC Business Management Fee 2/27/2026 21,828
FP Redland Technology Center LLC The RMR Group LLC Maintenance & Other Expenses 2/6/2026 272
FP Redland Technology Center LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 287
FP Redland Technology Center LLC The RMR Group LLC Maintenance & Other Expenses 2/27/2026 91
FP Redland Technology Center LLC The RMR Group LLC Payroll & Benefits 2/6/2026 33,869
FP Redland Technology Center LLC The RMR Group LLC Payroll & Benefits 2/27/2026 51,828
FP Redland Technology Center LLC The RMR Group LLC Property Management & Construction Fees 2/6/2026 34,020
FP Redland Technology Center LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 32,786
FP Sterling Park Land, LLC The RMR Group LLC Business Management Fee 2/6/2026 253
FP Sterling Park Land, LLC The RMR Group LLC Business Management Fee 2/27/2026 253
GOV Lake Fairfax Inc. The RMR Group LLC Business Management Fee 2/6/2026 16,198
GOV Lake Fairfax Inc. The RMR Group LLC Business Management Fee 2/27/2026 16,198
GOV Lake Fairfax Inc. The RMR Group LLC Maintenance & Other Expenses 2/6/2026 57
GOV Lake Fairfax Inc. The RMR Group LLC Maintenance & Other Expenses 2/20/2026 1
GOV Lake Fairfax Inc. The RMR Group LLC Payroll & Benefits 2/6/2026 9,217
GOV Lake Fairfax Inc. The RMR Group LLC Payroll & Benefits 2/27/2026 13,844
GOV Lakewood Properties Trust The RMR Group LLC Business Management Fee 2/6/2026 6,083
GOV Lakewood Properties Trust The RMR Group LLC Business Management Fee 2/27/2026 6,083
GOV Lakewood Properties Trust The RMR Group LLC Maintenance & Other Expenses 2/20/2026 40
GOV Lakewood Properties Trust The RMR Group LLC Payroll & Benefits 2/6/2026 11,625
GOV Lakewood Properties Trust The RMR Group LLC Payroll & Benefits 2/27/2026 17,332
Government Properties Income Trust LLC The RMR Group LLC Business Management Fee 2/6/2026 65,318
Government Properties Income Trust LLC The RMR Group LLC Business Management Fee 2/27/2026 65,318
Government Properties Income Trust LLC The RMR Group LLC Maintenance & Other Expenses 2/6/2026 370
Government Properties Income Trust LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 3,142
Government Properties Income Trust LLC The RMR Group LLC Maintenance & Other Expenses 2/27/2026 305
Government Properties Income Trust LLC The RMR Group LLC Payroll & Benefits 2/6/2026 19,509
Government Properties Income Trust LLC The RMR Group LLC Payroll & Benefits 2/27/2026 30,340
Government Properties Income Trust LLC The RMR Group LLC Property Management & Construction Fees 2/6/2026 8,975
Government Properties Income Trust LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 8,970
GPT Properties LLC The RMR Group LLC Business Management Fee 2/6/2026 2,373
GPT Properties LLC The RMR Group LLC Business Management Fee 2/27/2026 2,373
GPT Properties LLC The RMR Group LLC Maintenance & Other Expenses 2/6/2026 1,286
GPT Properties LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 48
GPT Properties LLC The RMR Group LLC Payroll & Benefits 2/6/2026 5,213
GPT Properties LLC The RMR Group LLC Payroll & Benefits 2/27/2026 10,970
GPT Properties LLC The RMR Group LLC Property Management & Construction Fees 2/6/2026 2,430
GPT Properties LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 833
GPT Properties Trust The RMR Group LLC Business Management Fee 2/6/2026 36,602
GPT Properties Trust The RMR Group LLC Business Management Fee 2/27/2026 36,602
GPT Properties Trust The RMR Group LLC Maintenance & Other Expenses 2/6/2026 660
GPT Properties Trust The RMR Group LLC Maintenance & Other Expenses 2/20/2026 2,157
GPT Properties Trust The RMR Group LLC Maintenance & Other Expenses 2/27/2026 189
GPT Properties Trust The RMR Group LLC Payroll & Benefits 2/6/2026 66,649
GPT Properties Trust The RMR Group LLC Payroll & Benefits 2/27/2026 105,358
GPT Properties Trust The RMR Group LLC Property Management & Construction Fees 2/6/2026 47,296
GPT Properties Trust The RMR Group LLC Property Management & Construction Fees 2/27/2026 46,640
Grand Oak Circle Tampa LLC The RMR Group LLC Business Management Fee 2/6/2026 3,118
Grand Oak Circle Tampa LLC The RMR Group LLC Business Management Fee 2/27/2026 3,118
Grand Oak Circle Tampa LLC The RMR Group LLC Maintenance & Other Expenses 2/6/2026 121
Grand Oak Circle Tampa LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 858
Grand Oak Circle Tampa LLC The RMR Group LLC Maintenance & Other Expenses 2/27/2026 730
Grand Oak Circle Tampa LLC The RMR Group LLC Payroll & Benefits 2/6/2026 10,047
Grand Oak Circle Tampa LLC The RMR Group LLC Payroll & Benefits 2/27/2026 15,216
Grand Oak Circle Tampa LLC The RMR Group LLC Property Management & Construction Fees 2/6/2026 11,721
Grand Oak Circle Tampa LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 6,598
Jan Davis Huntsville LLC The RMR Group LLC Business Management Fee 2/6/2026 2,056
Jan Davis Huntsville LLC The RMR Group LLC Business Management Fee 2/27/2026 2,056
Jan Davis Huntsville LLC The RMR Group LLC Payroll & Benefits 2/6/2026 3,945
Jan Davis Huntsville LLC The RMR Group LLC Payroll & Benefits 2/27/2026 5,990
Jan Davis Huntsville LLC The RMR Group LLC Property Management & Construction Fees 2/6/2026 3,063
Jan Davis Huntsville LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 2,402
Office Properties Income Trust Redan Advisors LLC Independent Director Fees 2/13/2026 7,659
Office Properties Income Trust TRP Advisors LLC Independent Director Fees 2/6/2026 10,942
Office Properties Income Trust Wildrose Partners LLC Independent Director Fees 2/6/2026 7,659
Office Properties Income Trust Wildrose Partners LLC Independent Director Fees 2/27/2026 7,659
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 47 of 53
Legal Entity Party Name Description Date Sum of Amount
OPI 25 Exchange LLC Redan Advisors LLC Independent Director Fees 2/13/2026 6,519
OPI 25 Exchange LLC The RMR Group LLC Business Management Fee 2/6/2026 20,626
OPI 25 Exchange LLC The RMR Group LLC Business Management Fee 2/27/2026 20,626
OPI 25 Exchange LLC The RMR Group LLC Maintenance & Other Expenses 2/6/2026 3,212
OPI 25 Exchange LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 446
OPI 25 Exchange LLC The RMR Group LLC Maintenance & Other Expenses 2/27/2026 143
OPI 25 Exchange LLC The RMR Group LLC Payroll & Benefits 2/6/2026 40,791
OPI 25 Exchange LLC The RMR Group LLC Payroll & Benefits 2/27/2026 65,078
OPI 25 Exchange LLC The RMR Group LLC Property Management & Construction Fees 2/6/2026 20,383
OPI 25 Exchange LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 20,183
OPI 25 Exchange LLC TRP Advisors LLC Independent Director Fees 2/6/2026 9,313
OPI 25 Exchange LLC Wildrose Partners LLC Independent Director Fees 2/6/2026 6,519
OPI 25 Exchange LLC Wildrose Partners LLC Independent Director Fees 2/27/2026 6,519
OPI AL Properties LLC The RMR Group LLC Business Management Fee 2/6/2026 5,795
OPI AL Properties LLC The RMR Group LLC Business Management Fee 2/27/2026 5,795
OPI AL Properties LLC The RMR Group LLC Maintenance & Other Expenses 2/6/2026 73
OPI AL Properties LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 8
OPI AL Properties LLC The RMR Group LLC Payroll & Benefits 2/6/2026 14,810
OPI AL Properties LLC The RMR Group LLC Payroll & Benefits 2/27/2026 24,512
OPI AL Properties LLC The RMR Group LLC Property Management & Construction Fees 2/6/2026 8,368
OPI AL Properties LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 8,215
OPI BND Properties LLC Redan Advisors LLC Independent Director Fees 2/13/2026 4,679
OPI BND Properties LLC The RMR Group LLC Business Management Fee 2/6/2026 79,323
OPI BND Properties LLC The RMR Group LLC Business Management Fee 2/27/2026 79,323
OPI BND Properties LLC The RMR Group LLC Maintenance & Other Expenses 2/6/2026 5,752
OPI BND Properties LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 5,600
OPI BND Properties LLC The RMR Group LLC Maintenance & Other Expenses 2/27/2026 1,702
OPI BND Properties LLC The RMR Group LLC Payroll & Benefits 2/6/2026 118,238
OPI BND Properties LLC The RMR Group LLC Payroll & Benefits 2/27/2026 185,885
OPI BND Properties LLC The RMR Group LLC Property Management & Construction Fees 2/6/2026 103,737
OPI BND Properties LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 125,564
OPI BND Properties LLC TRP Advisors LLC Independent Director Fees 2/6/2026 6,684
OPI BND Properties LLC Wildrose Partners LLC Independent Director Fees 2/6/2026 4,679
OPI BND Properties LLC Wildrose Partners LLC Independent Director Fees 2/27/2026 4,679
OPI Notex Properties LLC Redan Advisors LLC Independent Director Fees 2/13/2026 9,514
OPI Notex Properties LLC The RMR Group LLC Business Management Fee 2/6/2026 99,842
OPI Notex Properties LLC The RMR Group LLC Business Management Fee 2/27/2026 99,842
OPI Notex Properties LLC The RMR Group LLC Maintenance & Other Expenses 2/6/2026 5,798
OPI Notex Properties LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 2,171
OPI Notex Properties LLC The RMR Group LLC Maintenance & Other Expenses 2/27/2026 1,516
OPI Notex Properties LLC The RMR Group LLC Payroll & Benefits 2/6/2026 174,485
OPI Notex Properties LLC The RMR Group LLC Payroll & Benefits 2/27/2026 264,063
OPI Notex Properties LLC The RMR Group LLC Property Management & Construction Fees 2/6/2026 133,566
OPI Notex Properties LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 89,964
OPI Notex Properties LLC TRP Advisors LLC Independent Director Fees 2/6/2026 13,591
OPI Notex Properties LLC Wildrose Partners LLC Independent Director Fees 2/6/2026 9,514
OPI Notex Properties LLC Wildrose Partners LLC Independent Director Fees 2/27/2026 9,514
OPI WF Owner LLC Redan Advisors LLC Independent Director Fees 2/13/2026 6,629
OPI WF Owner LLC The RMR Group LLC Business Management Fee 2/6/2026 216,879
OPI WF Owner LLC The RMR Group LLC Business Management Fee 2/27/2026 216,879
OPI WF Owner LLC The RMR Group LLC Maintenance & Other Expenses 2/6/2026 6,543
OPI WF Owner LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 12,885
OPI WF Owner LLC The RMR Group LLC Maintenance & Other Expenses 2/27/2026 440
OPI WF Owner LLC The RMR Group LLC Payroll & Benefits 2/6/2026 219,634
OPI WF Owner LLC The RMR Group LLC Payroll & Benefits 2/27/2026 338,710
OPI WF Owner LLC The RMR Group LLC Property Management & Construction Fees 2/6/2026 214,907
OPI WF Owner LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 239,343
OPI WF Owner LLC TRP Advisors LLC Independent Director Fees 2/6/2026 9,469
OPI WF Owner LLC Wildrose Partners LLC Independent Director Fees 2/6/2026 6,629
OPI WF Owner LLC Wildrose Partners LLC Independent Director Fees 2/27/2026 6,629
Santa Clara (Walsh) LLC The RMR Group LLC Business Management Fee 2/6/2026 6,081
Santa Clara (Walsh) LLC The RMR Group LLC Business Management Fee 2/27/2026 6,081
Santa Clara (Walsh) LLC The RMR Group LLC Maintenance & Other Expenses 2/6/2026 132
Santa Clara (Walsh) LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 137
Santa Clara (Walsh) LLC The RMR Group LLC Maintenance & Other Expenses 2/27/2026 46
Santa Clara (Walsh) LLC The RMR Group LLC Payroll & Benefits 2/6/2026 5,329
Santa Clara (Walsh) LLC The RMR Group LLC Payroll & Benefits 2/27/2026 8,149
Santa Clara (Walsh) LLC The RMR Group LLC Property Management & Construction Fees 2/6/2026 6,807
Santa Clara (Walsh) LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 6,685
Schrock Road Columbus LLC The RMR Group LLC Business Management Fee 2/6/2026 1,412
Schrock Road Columbus LLC The RMR Group LLC Business Management Fee 2/27/2026 1,412
Schrock Road Columbus LLC The RMR Group LLC Maintenance & Other Expenses 2/6/2026 26
Schrock Road Columbus LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 174
Schrock Road Columbus LLC The RMR Group LLC Maintenance & Other Expenses 2/27/2026 197
Schrock Road Columbus LLC The RMR Group LLC Payroll & Benefits 2/6/2026 4,676
Schrock Road Columbus LLC The RMR Group LLC Payroll & Benefits 2/27/2026 7,196
Schrock Road Columbus LLC The RMR Group LLC Property Management & Construction Fees 2/6/2026 1,262
Schrock Road Columbus LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 1,226
SIR Campbell Place Inc. The RMR Group LLC Business Management Fee 2/6/2026 4,280
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 48 of 53
Legal Entity Party Name Description Date Sum of Amount
SIR Campbell Place Inc. The RMR Group LLC Business Management Fee 2/27/2026 4,280
SIR Campbell Place Inc. The RMR Group LLC Maintenance & Other Expenses 2/6/2026 22
SIR Campbell Place Inc. The RMR Group LLC Payroll & Benefits 2/6/2026 6,212
SIR Campbell Place Inc. The RMR Group LLC Payroll & Benefits 2/27/2026 11,646
SIR Campbell Place Inc. The RMR Group LLC Property Management & Construction Fees 2/6/2026 3,008
SIR Campbell Place Inc. The RMR Group LLC Property Management & Construction Fees 2/27/2026 3,109
SIR Centennial LLC The RMR Group LLC Business Management Fee 2/6/2026 8,769
SIR Centennial LLC The RMR Group LLC Business Management Fee 2/27/2026 8,769
SIR Centennial LLC The RMR Group LLC Maintenance & Other Expenses 2/6/2026 494
SIR Centennial LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 1,284
SIR Centennial LLC The RMR Group LLC Maintenance & Other Expenses 2/27/2026 32
SIR Centennial LLC The RMR Group LLC Payroll & Benefits 2/6/2026 14,708
SIR Centennial LLC The RMR Group LLC Payroll & Benefits 2/27/2026 22,299
SIR Centennial LLC The RMR Group LLC Property Management & Construction Fees 2/6/2026 9,953
SIR Centennial LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 1,919
SIR Fort Mill LLC The RMR Group LLC Business Management Fee 2/6/2026 2,124
SIR Fort Mill LLC The RMR Group LLC Business Management Fee 2/27/2026 2,124
SIR Fort Mill LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 126
SIR Fort Mill LLC The RMR Group LLC Payroll & Benefits 2/6/2026 4,348
SIR Fort Mill LLC The RMR Group LLC Payroll & Benefits 2/27/2026 6,568
SIR Fort Mill LLC The RMR Group LLC Property Management & Construction Fees 2/6/2026 2,086
SIR Fort Mill LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 2,334
SIR Irving (Freeport) LLC The RMR Group LLC Business Management Fee 2/6/2026 20,543
SIR Irving (Freeport) LLC The RMR Group LLC Business Management Fee 2/27/2026 20,543
SIR Irving (Freeport) LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 1
SIR Irving (Freeport) LLC The RMR Group LLC Maintenance & Other Expenses 2/27/2026 7,157
SIR Irving (Freeport) LLC The RMR Group LLC Payroll & Benefits 2/6/2026 3,618
SIR Irving (Freeport) LLC The RMR Group LLC Payroll & Benefits 2/27/2026 5,709
SIR Johnston LLC The RMR Group LLC Business Management Fee 2/6/2026 8,897
SIR Johnston LLC The RMR Group LLC Business Management Fee 2/27/2026 8,897
SIR Johnston LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 31
SIR Johnston LLC The RMR Group LLC Payroll & Benefits 2/6/2026 4,478
SIR Johnston LLC The RMR Group LLC Payroll & Benefits 2/27/2026 6,779
SIR Johnston LLC The RMR Group LLC Property Management & Construction Fees 2/6/2026 8,322
SIR Johnston LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 8,402
SIR Omaha LLC The RMR Group LLC Business Management Fee 2/6/2026 9,638
SIR Omaha LLC The RMR Group LLC Business Management Fee 2/27/2026 9,638
SIR Omaha LLC The RMR Group LLC Maintenance & Other Expenses 2/6/2026 20
SIR Omaha LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 1
SIR Omaha LLC The RMR Group LLC Payroll & Benefits 2/6/2026 5,634
SIR Omaha LLC The RMR Group LLC Payroll & Benefits 2/27/2026 10,189
SIR Omaha LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 959
SIR Parsippany (Jefferson) LLC The RMR Group LLC Business Management Fee 2/6/2026 8,050
SIR Parsippany (Jefferson) LLC The RMR Group LLC Business Management Fee 2/27/2026 8,050
SIR Parsippany (Jefferson) LLC The RMR Group LLC Maintenance & Other Expenses 2/6/2026 48
SIR Parsippany (Jefferson) LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 74
SIR Parsippany (Jefferson) LLC The RMR Group LLC Payroll & Benefits 2/6/2026 11,531
SIR Parsippany (Jefferson) LLC The RMR Group LLC Payroll & Benefits 2/27/2026 17,186
SIR Philadelphia LLC The RMR Group LLC Business Management Fee 2/6/2026 18,230
SIR Philadelphia LLC The RMR Group LLC Business Management Fee 2/27/2026 18,230
SIR Philadelphia LLC The RMR Group LLC Maintenance & Other Expenses 2/6/2026 11
SIR Philadelphia LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 26
SIR Philadelphia LLC The RMR Group LLC Payroll & Benefits 2/6/2026 3,448
SIR Philadelphia LLC The RMR Group LLC Payroll & Benefits 2/27/2026 5,161
SIR Properties REIT LLC The RMR Group LLC Business Management Fee 2/6/2026 20,291
SIR Properties REIT LLC The RMR Group LLC Business Management Fee 2/27/2026 20,291
SIR Properties REIT LLC The RMR Group LLC Maintenance & Other Expenses 2/6/2026 3,580
SIR Properties REIT LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 2,340
SIR Properties REIT LLC The RMR Group LLC Maintenance & Other Expenses 2/27/2026 1,605
SIR Properties REIT LLC The RMR Group LLC Payroll & Benefits 2/6/2026 59,307
SIR Properties REIT LLC The RMR Group LLC Payroll & Benefits 2/27/2026 95,862
SIR Properties REIT LLC The RMR Group LLC Property Management & Construction Fees 2/6/2026 73,146
SIR Properties REIT LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 37,770
SIR Properties Trust The RMR Group LLC Business Management Fee 2/6/2026 13,377
SIR Properties Trust The RMR Group LLC Business Management Fee 2/27/2026 13,377
SIR Properties Trust The RMR Group LLC Maintenance & Other Expenses 2/6/2026 194
SIR Properties Trust The RMR Group LLC Maintenance & Other Expenses 2/20/2026 1,445
SIR Properties Trust The RMR Group LLC Maintenance & Other Expenses 2/27/2026 1,038
SIR Properties Trust The RMR Group LLC Payroll & Benefits 2/6/2026 24,354
SIR Properties Trust The RMR Group LLC Payroll & Benefits 2/27/2026 30,609
SIR Properties Trust The RMR Group LLC Property Management & Construction Fees 2/6/2026 14,178
SIR Properties Trust The RMR Group LLC Property Management & Construction Fees 2/27/2026 13,817
SIR Redwood City LP The RMR Group LLC Business Management Fee 2/6/2026 8,078
SIR Redwood City LP The RMR Group LLC Business Management Fee 2/27/2026 8,078
SIR Redwood City LP The RMR Group LLC Maintenance & Other Expenses 2/6/2026 455
SIR Redwood City LP The RMR Group LLC Maintenance & Other Expenses 2/20/2026 175
SIR Redwood City LP The RMR Group LLC Maintenance & Other Expenses 2/27/2026 127
SIR Redwood City LP The RMR Group LLC Payroll & Benefits 2/6/2026 5,314
SIR Redwood City LP The RMR Group LLC Payroll & Benefits 2/27/2026 8,319
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 49 of 53
Legal Entity Party Name Description Date Sum of Amount
SIR Redwood City LP The RMR Group LLC Property Management & Construction Fees 2/6/2026 26,806
SIR REIT New Braunfels LLC The RMR Group LLC Business Management Fee 2/6/2026 3,576
SIR REIT New Braunfels LLC The RMR Group LLC Business Management Fee 2/27/2026 3,576
SIR REIT New Braunfels LLC The RMR Group LLC Maintenance & Other Expenses 2/6/2026 2,226
SIR REIT New Braunfels LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 303
SIR REIT New Braunfels LLC The RMR Group LLC Payroll & Benefits 2/6/2026 9,556
SIR REIT New Braunfels LLC The RMR Group LLC Payroll & Benefits 2/27/2026 14,414
SIR REIT New Braunfels LLC The RMR Group LLC Property Management & Construction Fees 2/6/2026 8,746
SIR REIT New Braunfels LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 4,444
SIR REIT Plano LLC The RMR Group LLC Business Management Fee 2/6/2026 5,725
SIR REIT Plano LLC The RMR Group LLC Business Management Fee 2/27/2026 5,725
SIR REIT Plano LLC The RMR Group LLC Maintenance & Other Expenses 2/6/2026 171
SIR REIT Plano LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 1,526
SIR REIT Plano LLC The RMR Group LLC Maintenance & Other Expenses 2/27/2026 319
SIR REIT Plano LLC The RMR Group LLC Payroll & Benefits 2/6/2026 15,627
SIR REIT Plano LLC The RMR Group LLC Payroll & Benefits 2/27/2026 23,359
SIR REIT Plano LLC The RMR Group LLC Property Management & Construction Fees 2/6/2026 13,511
SIR REIT Plano LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 53,920
SIR San Jose LLC The RMR Group LLC Business Management Fee 2/6/2026 8,007
SIR San Jose LLC The RMR Group LLC Business Management Fee 2/27/2026 8,007
SIR San Jose LLC The RMR Group LLC Maintenance & Other Expenses 2/6/2026 95
SIR San Jose LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 143
SIR San Jose LLC The RMR Group LLC Maintenance & Other Expenses 2/27/2026 46
SIR San Jose LLC The RMR Group LLC Payroll & Benefits 2/6/2026 3,839
SIR San Jose LLC The RMR Group LLC Payroll & Benefits 2/27/2026 5,874
SIR San Jose LLC The RMR Group LLC Property Management & Construction Fees 2/6/2026 9,891
SIR San Jose LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 9,672
Twelve24 Atlanta LLC The RMR Group LLC Business Management Fee 2/6/2026 38,549
Twelve24 Atlanta LLC The RMR Group LLC Business Management Fee 2/27/2026 38,549
Twelve24 Atlanta LLC The RMR Group LLC Maintenance & Other Expenses 2/6/2026 572
Twelve24 Atlanta LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 1,136
Twelve24 Atlanta LLC The RMR Group LLC Payroll & Benefits 2/6/2026 26,483
Twelve24 Atlanta LLC The RMR Group LLC Payroll & Benefits 2/27/2026 40,576
Twelve24 Atlanta LLC The RMR Group LLC Property Management & Construction Fees 2/6/2026 39,771
Twelve24 Atlanta LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 37,127
West Java Sunnyvale LLC The RMR Group LLC Business Management Fee 2/6/2026 6,306
West Java Sunnyvale LLC The RMR Group LLC Business Management Fee 2/27/2026 6,306
West Java Sunnyvale LLC The RMR Group LLC Maintenance & Other Expenses 2/6/2026 95
West Java Sunnyvale LLC The RMR Group LLC Maintenance & Other Expenses 2/20/2026 137
West Java Sunnyvale LLC The RMR Group LLC Maintenance & Other Expenses 2/27/2026 46
West Java Sunnyvale LLC The RMR Group LLC Payroll & Benefits 2/6/2026 3,422
West Java Sunnyvale LLC The RMR Group LLC Payroll & Benefits 2/27/2026 5,194
West Java Sunnyvale LLC The RMR Group LLC Property Management & Construction Fees 2/6/2026 11,447
West Java Sunnyvale LLC The RMR Group LLC Property Management & Construction Fees 2/27/2026 11,447
/s/ John R. Castellano March 31, 2026
Signature of Authorized Individual Date
John R. Castellano Chief Restructuring Officer
Printed Name of Authorized Individual Title of Authorized Individual
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 50 of 53
United States Bankruptcy Court
Southern District of Texas Houston Division
In re: Case No. 25-90530 (CML)
Office Properties Income Trust, et al. Reporting Period: February 1, 2026 through February 28, 2026
Debtors
Support Documentation to MOR - 6
Schedule of Post-Petition Tax Payments
For the period 2/1/2026 through 2/28/2026
The Debtors hereby submit this attestation regarding postpetition tax payments during the period of February 1, 2026 through February 28, 2026.
The Debtors believe that they are current with respect to any postpetition Taxes and Fees that have come due.
/s/ John R. Castellano March 31, 2026
Signature of Authorized Individual Date
John R. Castellano Chief Restructuring Officer
Printed Name of Authorized Individual Title of Authorized Individual
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 51 of 53
United States Bankruptcy Court
Southern District of Texas Houston Division
In re: Case No. 25-90530 (CML)
Office Properties Income Trust, et al. Reporting Period: February 1, 2026 through February 28, 2026
Debtors
Support Documentation to MOR - 7
Schedule of Post-Petition Borrowing
For the period 2/1/2026 through 2/28/2026
The Debtors hereby submit this attestation regarding postpetition borrowing during the period of February 1, 2026 through February 28, 2026.
/s/ John R. Castellano March 31, 2026
Signature of Authorized Individual Date
John R. Castellano Chief Restructuring Officer
Printed Name of Authorized Individual Title of Authorized Individual
On November 5, 2025, the Bankruptcy Court entered the Interim Order Pursuant to Sections 105, 361, 362, 363, and 364 of the Bankruptcy Code and Rules 2002, 4001, 6004,
and 9014 of the Federal Rules of Bankruptcy Procedure (I) Authorizing the Debtors to Use Cash Collateral and Obtain Secured Postpetition Financing; (II) Granting Liens and
Superpriority Administrative Claims; (III) Providing Adequate Protection; (IV) Scheduling a Final Hearing; and (V) Granting Related Relief [Docket No. 150] (the “Interim DIP
Order”) authorizing the Debtors to enter into the DIP Documents (as defined in the Interim DIP Order) and obtain post-petition borrowing thereunder.
On November 6, 2025, in accordance with the Interim DIP Order, the Debtors drew $10 million under the DIP Facility, net any fees payable to the DIP Agent and the DIP Lenders
(each as defined in the Interim DIP Order). The Debtors received $9.7 million on November 6, 2025 into their Segregated Account (as defined in the Interim DIP Order).
The Bankruptcy Court held the Final Hearing (as defined in the Final DIP Order) on January 28, 2026 and January 29, 2026, and on February 4, 2026, entered the Final Order
Pursuant to Sections 105, 361, 362, 363, and 364 of the Bankruptcy Code and Rules 2002, 4001, 6004, and 9014 of the Federal Rules of Bankruptcy Procedure (I) Authorizing the
Debtors to Use Cash Collateral and Obtain Secured Postpetition Financing; (II) Granting Liens and Superpriority Administrative Claims; (III) Providing Adequate Protection; and (IV)
Granting Related Relief (the “Final DIP Order”). By February 6, 2026, in accordance with the Final DIP Order, the Debtors drew $75 million under the DIP Facility. The Debtors
received $64.3 million on February 6, 2026 into their Segregated Account, net any fees payable to the DIP Agent and the DIP Lenders and the amount of the Tranche A2 Term
Loan (as defined in the Final DIP Order). The remaining $10.7 million amount of the Tranche A2 Term Loan was syndicated to eligible participants of the DIP Facility. The
syndication process terminated on February 26, 2026, at 5:00 p.m. New York City time, and the Debtors received the $10.7 million Tranche A2 Term Loan on March 13, 2026.
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 52 of 53
United States Bankruptcy Court
Southern District of Texas Houston Division
In re: Case No. 25-90530 (CML)
Office Properties Income Trust, et al. Reporting Period: February 1, 2026 through February 28, 2026
Debtors
Support Documentation to MOR - 8
Bank Statements and Bank Reconciliations
For the period 2/1/2026 through 2/28/2026
The Debtors hereby submit this attestation regarding bank account reconciliations in lieu of providing copies of bank reconciliations and journal entries.
/s/ John R. Castellano March 31, 2026
Signature of Authorized Individual Date
John R. Castellano Chief Restructuring Officer
Printed Name of Authorized Individual Title of Authorized Individual
The Debtors’ standard practice is to ensure that bank reconciliations are completed as part of the month end close each reporting period. I attest that each of the Debtors’ bank
accounts has been reconciled in accordance with their standard practices.
The Debtors have seperately submitted bank statements for the Debtors' bank accounts covering the periods of February 1, 2026 through February 28, 2026 to the US Trustee.
Case 25-90530 Document 1066 Filed in TXSB on 03/31/26 Page 53 of 53
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-1img001.jpg · Sequence: 7
Binary file (135847 bytes)
Download tm2610825d1_ex99-1img001.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-1img002.jpg · Sequence: 8
Binary file (178623 bytes)
Download tm2610825d1_ex99-1img002.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-1img003.jpg · Sequence: 9
Binary file (194232 bytes)
Download tm2610825d1_ex99-1img003.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-1img004.jpg · Sequence: 10
Binary file (164734 bytes)
Download tm2610825d1_ex99-1img004.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-1img005.jpg · Sequence: 11
Binary file (153861 bytes)
Download tm2610825d1_ex99-1img005.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-1img006.jpg · Sequence: 12
Binary file (168642 bytes)
Download tm2610825d1_ex99-1img006.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-1img007.jpg · Sequence: 13
Binary file (161424 bytes)
Download tm2610825d1_ex99-1img007.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-1img008.jpg · Sequence: 14
Binary file (234162 bytes)
Download tm2610825d1_ex99-1img008.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-1img009.jpg · Sequence: 15
Binary file (166721 bytes)
Download tm2610825d1_ex99-1img009.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img001.jpg · Sequence: 16
Binary file (248548 bytes)
Download tm2610825d1_ex99-2img001.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img002.jpg · Sequence: 17
Binary file (247413 bytes)
Download tm2610825d1_ex99-2img002.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img003.jpg · Sequence: 18
Binary file (258192 bytes)
Download tm2610825d1_ex99-2img003.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img004.jpg · Sequence: 19
Binary file (246641 bytes)
Download tm2610825d1_ex99-2img004.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img005.jpg · Sequence: 20
Binary file (233029 bytes)
Download tm2610825d1_ex99-2img005.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img006.jpg · Sequence: 21
Binary file (193176 bytes)
Download tm2610825d1_ex99-2img006.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img007.jpg · Sequence: 22
Binary file (198694 bytes)
Download tm2610825d1_ex99-2img007.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img008.jpg · Sequence: 23
Binary file (126647 bytes)
Download tm2610825d1_ex99-2img008.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img009.jpg · Sequence: 24
Binary file (171678 bytes)
Download tm2610825d1_ex99-2img009.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img010.jpg · Sequence: 25
Binary file (129727 bytes)
Download tm2610825d1_ex99-2img010.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img011.jpg · Sequence: 26
Binary file (99151 bytes)
Download tm2610825d1_ex99-2img011.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img012.jpg · Sequence: 27
Binary file (138001 bytes)
Download tm2610825d1_ex99-2img012.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img013.jpg · Sequence: 28
Binary file (99538 bytes)
Download tm2610825d1_ex99-2img013.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img014.jpg · Sequence: 29
Binary file (100933 bytes)
Download tm2610825d1_ex99-2img014.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img015.jpg · Sequence: 30
Binary file (147713 bytes)
Download tm2610825d1_ex99-2img015.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img016.jpg · Sequence: 31
Binary file (183062 bytes)
Download tm2610825d1_ex99-2img016.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img017.jpg · Sequence: 32
Binary file (321405 bytes)
Download tm2610825d1_ex99-2img017.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img018.jpg · Sequence: 33
Binary file (330090 bytes)
Download tm2610825d1_ex99-2img018.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img019.jpg · Sequence: 34
Binary file (184339 bytes)
Download tm2610825d1_ex99-2img019.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img020.jpg · Sequence: 35
Binary file (129711 bytes)
Download tm2610825d1_ex99-2img020.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img021.jpg · Sequence: 36
Binary file (121834 bytes)
Download tm2610825d1_ex99-2img021.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img022.jpg · Sequence: 37
Binary file (128582 bytes)
Download tm2610825d1_ex99-2img022.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img023.jpg · Sequence: 38
Binary file (125610 bytes)
Download tm2610825d1_ex99-2img023.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img024.jpg · Sequence: 39
Binary file (118244 bytes)
Download tm2610825d1_ex99-2img024.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img025.jpg · Sequence: 40
Binary file (119693 bytes)
Download tm2610825d1_ex99-2img025.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img026.jpg · Sequence: 41
Binary file (125439 bytes)
Download tm2610825d1_ex99-2img026.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img027.jpg · Sequence: 42
Binary file (76531 bytes)
Download tm2610825d1_ex99-2img027.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img028.jpg · Sequence: 43
Binary file (125828 bytes)
Download tm2610825d1_ex99-2img028.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img029.jpg · Sequence: 44
Binary file (119189 bytes)
Download tm2610825d1_ex99-2img029.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img030.jpg · Sequence: 45
Binary file (126268 bytes)
Download tm2610825d1_ex99-2img030.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img031.jpg · Sequence: 46
Binary file (119256 bytes)
Download tm2610825d1_ex99-2img031.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img032.jpg · Sequence: 47
Binary file (106839 bytes)
Download tm2610825d1_ex99-2img032.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img033.jpg · Sequence: 48
Binary file (114636 bytes)
Download tm2610825d1_ex99-2img033.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img034.jpg · Sequence: 49
Binary file (122734 bytes)
Download tm2610825d1_ex99-2img034.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img035.jpg · Sequence: 50
Binary file (68992 bytes)
Download tm2610825d1_ex99-2img035.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img036.jpg · Sequence: 51
Binary file (86967 bytes)
Download tm2610825d1_ex99-2img036.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img037.jpg · Sequence: 52
Binary file (85133 bytes)
Download tm2610825d1_ex99-2img037.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img038.jpg · Sequence: 53
Binary file (89664 bytes)
Download tm2610825d1_ex99-2img038.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img039.jpg · Sequence: 54
Binary file (86708 bytes)
Download tm2610825d1_ex99-2img039.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img040.jpg · Sequence: 55
Binary file (79881 bytes)
Download tm2610825d1_ex99-2img040.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img041.jpg · Sequence: 56
Binary file (82085 bytes)
Download tm2610825d1_ex99-2img041.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img042.jpg · Sequence: 57
Binary file (86196 bytes)
Download tm2610825d1_ex99-2img042.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img043.jpg · Sequence: 58
Binary file (52089 bytes)
Download tm2610825d1_ex99-2img043.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img044.jpg · Sequence: 59
Binary file (73893 bytes)
Download tm2610825d1_ex99-2img044.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img045.jpg · Sequence: 60
Binary file (280673 bytes)
Download tm2610825d1_ex99-2img045.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img046.jpg · Sequence: 61
Binary file (332028 bytes)
Download tm2610825d1_ex99-2img046.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img047.jpg · Sequence: 62
Binary file (336201 bytes)
Download tm2610825d1_ex99-2img047.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img048.jpg · Sequence: 63
Binary file (326239 bytes)
Download tm2610825d1_ex99-2img048.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img049.jpg · Sequence: 64
Binary file (318961 bytes)
Download tm2610825d1_ex99-2img049.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img050.jpg · Sequence: 65
Binary file (198865 bytes)
Download tm2610825d1_ex99-2img050.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img051.jpg · Sequence: 66
Binary file (69278 bytes)
Download tm2610825d1_ex99-2img051.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img052.jpg · Sequence: 67
Binary file (187062 bytes)
Download tm2610825d1_ex99-2img052.jpg
GRAPHIC
GRAPHIC
Filename: tm2610825d1_ex99-2img053.jpg · Sequence: 68
Binary file (86189 bytes)
Download tm2610825d1_ex99-2img053.jpg
XML — IDEA: XBRL DOCUMENT
XML
Filename: R1.htm · Sequence: 70
v3.26.1
Cover
Mar. 31, 2026
Cover [Abstract]
Document Type
8-K
Amendment Flag
false
Document Period End Date
Mar. 31, 2026
Entity File Number
001-34364
Entity Registrant Name
OFFICE PROPERTIES INCOME TRUST
Entity Central Index Key
0001456772
Entity Tax Identification Number
26-4273474
Entity Incorporation, State or Country Code
MD
Entity Address, Address Line One
Two
Newton Place
Entity Address, Address Line Two
255
Washington Street
Entity Address, Address Line Three
Suite
300
Entity Address, City or Town
Newton
Entity Address, State or Province
MA
Entity Address, Postal Zip Code
02458-1634
City Area Code
617
Local Phone Number
219-1440
Written Communications
false
Soliciting Material
false
Pre-commencement Tender Offer
false
Pre-commencement Issuer Tender Offer
false
Entity Emerging Growth Company
false
X
- Definition
Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
No definition available.
+ Details
Name:
dei_AmendmentFlag
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Area code of city
+ References
No definition available.
+ Details
Name:
dei_CityAreaCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Cover page.
+ References
No definition available.
+ Details
Name:
dei_CoverAbstract
Namespace Prefix:
dei_
Data Type:
xbrli:stringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
No definition available.
+ Details
Name:
dei_DocumentPeriodEndDate
Namespace Prefix:
dei_
Data Type:
xbrli:dateItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
No definition available.
+ Details
Name:
dei_DocumentType
Namespace Prefix:
dei_
Data Type:
dei:submissionTypeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 1 such as Attn, Building Name, Street Name
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine1
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 2 such as Street or Suite number
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine2
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 3 such as an Office Park
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine3
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the City or Town
+ References
No definition available.
+ Details
Name:
dei_EntityAddressCityOrTown
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Code for the postal or zip code
+ References
No definition available.
+ Details
Name:
dei_EntityAddressPostalZipCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the state or province.
+ References
No definition available.
+ Details
Name:
dei_EntityAddressStateOrProvince
Namespace Prefix:
dei_
Data Type:
dei:stateOrProvinceItemType
Balance Type:
na
Period Type:
duration
X
- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityCentralIndexKey
Namespace Prefix:
dei_
Data Type:
dei:centralIndexKeyItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityEmergingGrowthCompany
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
No definition available.
+ Details
Name:
dei_EntityFileNumber
Namespace Prefix:
dei_
Data Type:
dei:fileNumberItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Two-character EDGAR code representing the state or country of incorporation.
+ References
No definition available.
+ Details
Name:
dei_EntityIncorporationStateCountryCode
Namespace Prefix:
dei_
Data Type:
dei:edgarStateCountryItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityRegistrantName
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityTaxIdentificationNumber
Namespace Prefix:
dei_
Data Type:
dei:employerIdItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Local phone number for entity.
+ References
No definition available.
+ Details
Name:
dei_LocalPhoneNumber
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
+ Details
Name:
dei_PreCommencementIssuerTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
+ Details
Name:
dei_PreCommencementTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14a
-Subsection 12
+ Details
Name:
dei_SolicitingMaterial
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
+ Details
Name:
dei_WrittenCommunications
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration