The RMR Group's subsidiary, RMR LLC, has entered into new, long-term management agreements with Office Properties Income Trust (OPI) following OPI's successful emergence from Chapter 11 bankruptcy protection on June 17, 2026. The amended agreements redefine the terms for RMR's business and property management services for the reorganized company.
Key Details
- Effective Date & Term: The new Business Management and Property Management Agreements became effective on June 17, 2026, each with an initial term of five years.
- Fee Structure: RMR will receive an annual business management fee of $14.0 million for the first two years, a 3% property management fee, and a 5% construction supervision fee.
- Equity Compensation: RMR was issued OPI common shares equal to 2% of OPI's common equity upon emergence, with the potential to receive up to an additional 8% based on future performance metrics.