Office Properties Income Trust Commences the Implementation of its Financing Strategy for its Merger with Diversified Healthcare Trust with the Closing of a $30.7 Million Mortgage Loan

May 26, 2023

Office+Properties+Income+Trust+%28Nasdaq%3A+OPI%29 today announced that it has commenced the implementation of its financing strategy for its merger with Diversified+Healthcare+Trust+%28Nasdaq%3A+DHC%29 with the closing of a $30.7 million loan secured by a 266,000 square foot, 100% government occupied property located in Landover, Maryland. This non-recourse, 10-year CMBS loan carries an all-in fixed interest rate of 7.21% with five years of interest-only payments followed by five years of amortization on a 30-year amortization period. The loan to value ratio on the financing is nearly 50% and the implied capitalization rate based on the appraised value is 6.2%.

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