secwatch.observer — SEC 8-K summary
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Issuer:     OFFICE PROPERTIES INCOME TRUST (OPIRQ)
CIK:        0001456772
Form:       8-K
Filed at:   2024-03-26T23:59:59+00:00
Accession:  0001456772-24-000015
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1456772/000145677224000015/0001456772-24-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1456772/000145677224000015/opi-20240321.htm
  HTML page:      https://secwatch.observer/filing/0001456772-24-000015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer