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Get filing alertsRMR secures new 5-year OPI management deals with $14M annual fees, 2% equity stake
Filed June 23, 2026 · Period ending June 17, 2026 · ~1 min read
Key Changes
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RMR entered new 5-year management agreements with Office Properties Income Trust as OPI emerged from bankruptcy June 17, replacing prior arrangements negotiated during Chapter 11 restructuring that began October 2025.
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RMR will receive $14 million annually for business management services for the first two years, plus 3% property management fees and 5% construction supervision fees consistent with prior terms.
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RMR received immediate 2% equity stake in reorganized OPI and can earn up to additional 8% equity based on performance metrics to be determined by OPI's board, aligning interests with post-bankruptcy performance.
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Summary
RMR Group locked in new five-year management agreements with Office Properties Income Trust as OPI emerged from bankruptcy protection on June 17, 2026. The deals provide RMR with $14 million in annual business management fees for the first two years, plus property management and construction supervision fees at rates consistent with prior arrangements (3% and 5% respectively).
This stabilizes a key revenue stream that was at risk during OPI's Chapter 11 restructuring, which began in October 2025. The equity component is notable: RMR received an immediate 2% stake in the reorganized OPI and can earn up to an additional 8% based on performance metrics OPI's board will determine.
This structure shifts some compensation from fixed fees to performance-based equity, aligning RMR's interests with OPI's post-bankruptcy recovery. For RMR shareholders, the agreements secure near-term cash flow visibility while creating upside tied to OPI's operational turnaround. The five-year term provides medium-term revenue stability from a client that represents a material portion of RMR's business.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 25, 2026 · How we verify