NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that it has sold two properties for an aggregate sales price of $42.1 million, excluding closing costs. Proceeds from today’s announced sales will be used for general business purposes, including the repayment of debt. The two properties include:

• A 14-story, 267,025 square foot office building located at 50 W. State Street, Trenton, NJ which closed on March 11, 2020.
• A two-story, 222,717 square foot office building located at 475 Bond Street, Lincolnshire, IL which closed on February 28, 2020.

David Blackman, President and Chief Executive Officer of OPI, made the following statement:

“We are pleased to announce the sale of these two properties under our capital recycling program. Given current market volatility, we are especially pleased by the March 11th closing of the Trenton, NJ property which required a simultaneous loan closing with a commercial bank.”

Office Properties Income Trust is a real estate investment trust, or REIT, focused on owning, operating and leasing buildings primarily leased to single tenants and those with high credit quality characteristics such as government entities. OPI is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, MA.