OFFICE PROPERTIES INCOME TRUST (OPIRQ): M&A transaction — OPI sells 400 South Jefferson office property for $38.5M to Chicago School of Professional Psychology

OFFICE PROPERTIES INCOME TRUST

Sold 247,716 sq ft office at 400 South Jefferson, Chicago, for $38.5M (excl. closing costs) to The Chicago School of Professional Psychology.
Net proceeds of $36.8M plus $10.5M termination fee from Tyson Foods lease termination at property.
Pro forma net loss for 2023 improves by $21.5M to $47.9M ($1.00 per share) reflecting removal of property results.
Property had been classified as held for sale; sale completed March 21, 2024.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

OFFICE PROPERTIES INCOME TRUST completed a disposition involving The Chicago School of Professional Psychology for $38.5 million (closed 2024-03-21).

Action: disposition
Counterparty: The Chicago School of Professional Psychology
Consideration: $38.5 million
Closing: 2024-03-21

Exact text from the filing

On March 21, 2024 , OPI completed the sale of an office property with approximately 247,716 rentable square feet located at 400 South Jefferson Street, Chicago, Illinois, or 400 South Jefferson, to The Chicago School of Professional Psychology for $38.5 million, excluding closing costs.

View on SEC.gov

68 m&a transactions filed in the last 30 days. Browse all m&a transactions →

OFFICE PROPERTIES INCOME TRUST filing history →

Source: SEC EDGAR

accession 0001456772-24-000015

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.