Business UpdateJun 23, 2026, 08:21 AM
RMR LLC Secures New OPI Management Deals, $14M Annual Fee, 2% Equity
AI Summary
The RMR Group Inc. announced that its majority-owned subsidiary, RMR LLC, has secured new management agreements with Office Properties Income Trust (OPI) following OPI's emergence from Chapter 11 bankruptcy on June 17, 2026. The new five-year agreements include an annual business management fee of $14.0 million for the first two years, along with property management and construction supervision fees. Additionally, RMR LLC will receive OPI common shares representing 2% of OPI's common equity, with potential for up to an additional 8% based on performance.
Key Highlights
- Office Properties Income Trust (OPI) emerged from Chapter 11 bankruptcy on June 17, 2026.
- RMR LLC entered into new five-year Business and Property Management Agreements with OPI.
- The Business Management Agreement includes an annual fee of $14.0 million for the first two years.
- The Property Management Agreement includes a 3% property management fee and 5% construction supervision fee.
- RMR LLC will receive OPI common shares equal to 2% of OPI's common equity on the effective date.
- RMR LLC may receive up to an additional 8% of OPI common shares based on performance metrics.
Price Impact
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