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RMRBullishBankruptcynews
High materiality7/10

RMR to Manage Reorganized OPI After Chapter 11 Exit

Jun 17, 2026, 4:19 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

OPI’s emergence from Chapter 11 and debt reduction reduce risk and may improve credit metrics, while RMR secures multi-year management fees. The inclusion of RMR leadership on the new board suggests alignment of incentives, potentially boosting RMR's fee-based revenue visibility in the near term.

AI summary

What happened, with direct paths to the underlying reporting

OPI completed its Chapter 11 restructuring, reducing debt by about $714 million and issuing new notes and equity. RMR will continue to manage OPI for the next five years, with a board including Adam Portnoy, signaling continued fee-based revenue and governance continuity as the REIT stabilizes.

  • OPI emerges from Chapter 11 after ~$714M debt reduction.
  • Post-restructure debt: ~$1.7B; ~22M new common shares issued.
  • OPI to trade on Nasdaq as OPI starting June 18, 2026.
  • RMR to continue managing OPI under five-year management agreements.
  • Board includes Adam Portnoy (RMR) among new directors.

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