RMR Group Subsidiary Enters New Management Deal Amid OPI Bankruptcy Restructuring
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The RMR Group LLC, a subsidiary of RMR Group Inc., has signed a Restructuring Support Agreement with Office Properties Income Trust (OPI) amid OPI's Chapter 11 bankruptcy proceedings. The agreement includes new management contracts with an annual fee of $14 million for the first two years, along with property and construction supervision fees. OPI's debt is projected to decrease from $2.4 billion to $1.3 billion following the reorganization plan.
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