---
schema_version: "secwatch.filing_event.v1"
accession: "0001456772-24-000015"
form_type: "8-K"
ticker: "OPIRQ"
cik: "0001456772"
company_name: "OFFICE PROPERTIES INCOME TRUST"
filed_at: "2024-03-26T23:59:59+00:00"
generated_at: "2026-06-04T07:47:43.638429+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# OPI sells 400 South Jefferson office property for $38.5M to Chicago School of Professional Psychology

## Summary
- 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.

## SEC filing metadata
- accession: 0001456772-24-000015
- form_type: 8-K
- ticker: OPIRQ
- cik: 0001456772
- company_name: OFFICE PROPERTIES INCOME TRUST
- filed_at: 2024-03-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1456772/000145677224000015/0001456772-24-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1456772/000145677224000015/opi-20240321.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001456772-24-000015
- JSON: https://secwatch.observer/filing/0001456772-24-000015.json
- Plain text: https://secwatch.observer/filing/0001456772-24-000015.txt

## Key facts
- M&A Transactions
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1456772/000145677224000015/0001456772-24-000015-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.