RMR Group enters new management agreements as Office Properties Income Trust files for bankruptcy

RMR Group Inc. (NASDAQ:RMR) announced Thursday that its majority-owned subsidiary, RMR Group LLC, has entered into new management agreements with Office Properties Income Trust (OPI) and certain OPI subsidiaries following OPI’s voluntary Chapter 11 bankruptcy filing in the United States Bankruptcy Court for the Southern District of Texas.

According to a statement released in a regulatory filing, the new agreements are part of a Restructuring Support Agreement (RSA) reached among RMR Group LLC, OPI, certain OPI lenders, and OPI subsidiaries. The RSA outlines the terms for a new business management agreement and a new property management agreement, both of which are expected to become effective upon confirmation of OPI’s plan of reorganization.

Under the management term sheet attached to the RSA, the new agreements will have an initial term of five years. RMR Group LLC will receive an annual fee of $14 million per year for the first two years under the new business management agreement. The new property management agreement provides for a 3% property management fee and a 5% construction supervision fee, consistent with the terms of the existing agreement.

During the bankruptcy proceedings, the current management agreements between OPI and RMR Group LLC will remain in effect, and RMR Group LLC will continue managing OPI’s business operations.

The restructuring plan, as described in the filing, is expected to reduce OPI’s total debt from approximately $2.4 billion to about $1.3 billion once the plan is implemented.

The information in this article is based on a statement included in a press release and regulatory filing by RMR Group Inc .

In other recent news, RMR Group reported a mixed financial performance for its third quarter of 2025. The company surpassed earnings per share expectations, reporting $0.43 per share against an anticipated $0.37, marking a 16.22% surprise. However, RMR Group’s revenue did not meet projections, coming in at $154.73 million compared to the expected $203.71 million, representing a 24.04% shortfall. In executive news, RMR Group announced the appointment of Matthew P. Jordan as Chief Operating Officer and Executive Vice President, effective October 1, while Matthew C. Brown will take over as Chief Financial Officer and Treasurer. Additionally, Yael Duffy was named Executive Vice President of The RMR Group LLC, a majority-owned subsidiary. Meanwhile, Seven Hills Realty Trust revealed plans for a fully backstopped rights offering to raise up to $65 million. The offering will allow shareholders of record as of November 10, 2025, to subscribe for up to 7.6 million common shares at $8.65 per share. These recent developments highlight ongoing strategic and financial activities within these companies.

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